TBM Staff - Mumbai FCM Meetings & Events (FCM M&E), and flagship division of the Flight Centre Travel Group (FCTG), has announced a global expansion of the business.
Events, event travel and meetings are leading the business travel bounce back globally with a recent white paper by FCM M&E revealing that the MICE market size, in terms of revenue, is expected to grow at a compound annual growth rate of 6.6 per cent from 2022 to 2030 to reach USD1563.3 billion by 2030.
FCM Meetings & Events is committed to growing its global footprint and presence in this sector. Priorities include the development of innovative technology solutions and investing in extra talent with the company planning to focus on three core areas:
• Meetings: Provide a wide range of meeting services, including venue sourcing, managed meetings, basic planning, and onsite support
• Event Travel: Offer group travel, from flights and hotels, through to transfers and team building
• Events: Provide full event management services including planning, strategies, execution, and delivery
According to Manpreet Bindra, President, FCM India’s Meeting & Events, the surge in bookings due to high demand in 2023 has continued to shape the sector. FCM Meetings and Events India has achieved more than 90% in growth compared to 2022.
“Meetings and Events are the core of business interactions, both in India and across the globe. FCM Meetings and Events India is experiencing exponential growth, presenting a wealth of opportunities.”
“In India, we have witnessed a dynamic surge in demand for personalised, high-quality experiences, reaffirming the value of face-to-face engagements. This trend mirrors a global sentiment, showcasing the universal significance of in-person interactions.”
“By leveraging our global network, we’re confident to deliver exceptional meetings and events experiences that captivate audiences, shaping the future of business gatherings both here in India and worldwide.”
“FCM India has completed over 2,000 events in India in 2023, hosting over 91,000 business travellers. Popular MICE destination cities include Goa, Jaipur, Dehradun, Udaipur, and Bangalore.”
“We assisted SMEs, MNCs, Enterprises and Conglomerates from various industries such as Banking, Finance, Insurance, FMCGs, Chemicals, Pharmaceuticals, and others in managing large groups of business travellers. As of this year, we have successfully facilitated over 17,000 travellers to international destinations such as Thailand, United Arab Emirates, Europe, and Turkey, just to name a few.”
“We know we have an incredible opportunity to both grow and position ourselves as the travel management company of choice for meetings, events, and event travel and are experiencing and anticipating a steady annual growth rate of demand at 12 per cent year on year for in-person meetings, which means we have some exciting opportunities coming our way.”
