As part of M&C Asia’s CVB Update series, Macao Trade and
Investment Promotion Institute (IPIM) shares its plans and developments:
What’s IPIM’s 2023/24 projection for Macao’s MICE sector?
We’re excited to see a robust rebound in Macao’s MICE industry, with
an estimated 700 to 1,000 business events set to take place in the city
this year. This marks an impressive 50% to 110% growth from the previous
What are IPIM’s key plans to grow the MICE industry in the next three years?
Striving to position Macao as a premier MICE destination in Asia, we
aim to elevate the MICE industry’s global competitiveness by 2025. Our
strategy involves advancing the internationalisation, marketisation,
professionalism, and digitalisation of MICE events in the city. Through
this approach, we anticipate not only transforming the MICE industry but
also fostering Macao’s economic diversification.
What are Macao’s newest developments that MICE planners should know about?
Galaxy International Convention Center, which can accommodate 16,000
people, will put into use by this year in Macao. With this exciting
addition, the city's total MICE venues will exceed 240,000 sqm, together
with over 40,000 hotel rooms available to accommodate thousands of
delegates all at once.
The MICE sector is set to receive a significant boost, as the city’s
six major gaming operators have announced plans to invest US$14 billion
in non-gaming elements over the next decade.
Macao and Hengqin are working together to implement a new model of
“one event, two places”, targeted to boost more events take place in
both places and offer options to event organisers.
IPIM provides “One Stop Services” for MICE bidding and support in
Macao, designating personnel to follow up before, during and after the
events, and offer necessary support according to different needs. IPIM
will also offer Convention and Exhibition Stimulation Programme to
provide subsidy to event organisers hosting events in Macao.
Key MICE events
- Global Gaming Expo Asia (G2E Asia) returns to Macao from 11-13 July 2023
- Macao International Jewellery Show will take place on 27-29 September 2023
- UFI Asia Pacific Conference has chosen Macao to host its 2024 edition