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5SINGAPORECONVENTION&EXHIBITIONDIRECTORY2023/2024In-personmeetingsandeventsareroaringbackandSingaporeisdeterminedandpoisedtobe theMeetingsIncentivesConventionsandExhibitions(MICE)destinationofchoiceIntheannualGlobalMeetingsandEventsForecaststudyfor2023conductedby AmericanExpressGlobalBusinessTraveltwo-thirdsofthenear-600surveyrespondentsexpectthenumberofin-personeventstoreturntopre-pandemiclevelswithinayearortwoAfterdecliningby15percentfrom2019to2020worldwidethissenseofoptimismandpositivityintheMICEspacereflectedinthesurveyisgoodnewsTheglobaleventsindustrymarket was valuedatsomeUS$887billionin2020andisprojectedtocrossUS$2194billionby2028WorthsomeUS$25billionin2018theMICEindustrymakesupasignificantportionofSingaporeseconomyAttheMICESustainabilitySummitinDecember2022MinisterofStateAlvinTanreportedthatinthefirst10monthsof2022Singaporewelcomedover45millionvisitors–around40%ofpre-COVIDlevels–andendedtheyearinthehigherendofitsforecastof4to6millionvisitorsBusinesseventshavecontributedgreatlytotherecoverybringingaboutsignificantspilloverbenefitstotheeconomyPriortothepandemictheBusinessEventsindustrysupportedmorethan34000directandindirectjobswithavalue-addofalmostS$4billionorcloseto1%ofSingaporesGDPTheRepubliccaughtthe worldsattention whenithostedtheFormula1SingaporeAirlinesSingaporeGrandPrix2022Theyearalsosawthereturnofmanyhigh-profileeventssuchasGamescomAsiaDota2sTI11finalsSingaporeInternationalCyber Week (SICW) SingaporeInternationalEnergyWeek(SIEW)FoodandHotelAsiaGreenTechFestivalSingaporeandWorldAquacultureSingaporeTheWorldStrokeCongressheldattheendofOctober2022alsosawthelargestin-persondelegationsincethepandemicofover2000personsMrRichardIrelandpresidentoftheSingaporeAssociationofConvention&ExhibitionOrganisers&SupplierswasreportedassayingthatthereopeningofMiceeventsisinfullswingandthattheindustryhasneverbeeninastrongerpositiontoreboundtopre-pandemiclevelsTobuildonthismomentumSingaporeTouristBoardlaunchedanenhancedincentiveprogrammeforinternationalMicegroupsTheprogramme-InSingaporeIncentivesandRewards(InspireGlobal20)-givesqualifiedMICEgroupsarangeofcloseto80complimentaryready-madeexperiencesacrossseveralcategoriessuchasdiningretailteam-buildingactivitiesattractionsandtoursWhentheschemewasintroducedin2019therewere54ofsuchexperiencesThenewprogrammeincludesaretailsegmentthatinvitesdelegatesespeciallygroupsfromChinaOceaniaSouthAsiaandSouth-eastAsiagoonshoppingtoursandmeetdesignersTheyhaveaccesstoexclusiveshoppingspreesandback-of-houseshoppingtourswithmeet-and-greetsessionswithdesignersTheSingaporeMICEAdvantageProgramme(SMAP)offersdiscountedairlineticketsdiscountedride-hailingservicesandSIMcardsandotherprivilegesandperksfororganisersEventswithproveninternationalandcommercialappealcanapplyfortheApprovedInternationalFair (AIF) schemeLocal companiesparticipatinginanAIF-endorsedexhibitionareeligibleforDouble TaxDeduction(DTD)Through theBusinessEventsinSingapore(BEiS)schemeSingaporeExhibition&ConventionBureauTM(SECB)offerscustomisedsupportsuchashelpinsecuringvenuesintroductionswithleadinggovernmentagenciesandbusinesspartners marketing and publicity support as wellasassistanceinhostingimpactfulsustainableeventsThehostofincentivesofferedbytheRepublictogetherwithitsworld-classfacilitiesefficientinfrastructureinternationaloutlookandbusiness-friendlyenvironmentaredrawingorganisersofMICEeventstochooseSingapore