Discover Puerto Rico, the Island’s Destination Marketing Organization, is closing fiscal year of 2022-2023 with record numbers in the MICE (meetings, incentives, conferences and exhibitions) sector driven by a diverse set of events hosted on the island.
Puerto Rico has added to their infrastructure in recent years, as well as having no passport requirements or currency exchanges for U.S. travelers.
“On top of a record-breaking year for Puerto Rico in MICE in 2022, this year is continuing strong with the Island hosting a wide variety of events, and bookings for venues on the rise,” said Ed Carey, chief sales officer at Discover Puerto Rico. “Our booking statistics in MICE demonstrate that the Island’s meetings spaces continue to drive record-breaking success. We look forward to keeping the momentum into the next fiscal year and maintaining our presence as a premier hosting destination.”
The economic impact of the fiscal year (groups booked July through May 2022 to May 2023) is $129.5 million, 16 percent higher than the same timeframe in fiscal year 2021-2022, and 57 percent higher than fiscal year 2018-2019.
Booked group room nights in 2022 doubled those from 2021, and the number of events currently booked for the remainder of 2023 are 41 percent higher than the same time last year and 89 percent higher than 2019. Travel spending increased by 26.7 percent as of January 2023, compared to pre-pandemic levels in 2019.
Hotels and rentals generated more than $500 million in revenue in Q1 2023 — 24 percent higher than 2022 and 78 percent higher than 2019.
Some of the large events that Puerto Rico has hosted so far in 2023 include the American Society of Travel Agents’ (ASTA) global convention, World Wrestling Entertainment’s (WWE) Smackdown and Backlash, and the Women in Travel Summit (WITS).
For more details about Puerto Rico’s MICE and tourism industry, visit: www.discoverpuertorico.com/industry.
For more information on meeting and amenities visit: https://www.discoverpuertorico.com/meetings