FCM India’s Meetings & Events Revenue Grows by More Than 50% Pre-COVID

FCM Travel India reported more than 50% growth in the last six months, demonstrating that events in person are back in focus. High demand is seen right across the industry, despite organisations facing changing attitudes to work-life boundaries and budgetary constraints.  

According to FCM Consultancy’s Global Quaterly Trend Report, in-person meetings are priority reason for corporate travel. This has resulted in a significant uptick in in-person catchups and events despite the increase in costs.  

Due to the pandemic, there was a pause in travel for many companies, resulting in a backlog of product launches and business conferences which is now being fulfilled in a bigger and improved way.   

Manpreet Bindra, President, FCM India Meeting & Events, commented, “While the 2023 travel uptick reflects the removal of country restrictions coupled with a deep desire to travel, we envisage that as capacity and pricing stabilises, 2024 will be a better indicator of the true demand.