This Business Travel Management Service market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The business travel management service market size has grown strongly in recent years. It will grow from $8.05 billion in 2024 to $8.58 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased global compliance and regulatory requirements around business travel, the rise of leisure travel, increasing focus on employee well-being and safety, increasing corporate travel budgets, and increasing globalization.
The business travel management service market size is expected to see strong growth in the next few years. It will grow to $10.91 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for top-notch travel services and cost-saving solutions, the surge in business trips, growing government initiatives for the development of mice, increasing cost-effective and efficient business travels, increasing number of corporate travelers and frequent business flyers. Major trends in the forecast period include technological advancements, personalization, mobile applications, hybrid meetings, and leisure travel.
The expansion of the travel and tourism industry is expected to drive growth in the business travel management services market moving forward. This industry encompasses a broad spectrum of businesses and services related to travel, tourism, and hospitality, catering to both domestic and international travelers. The growth of travel and tourism can be attributed to increased accessibility, affordability, and attractiveness of travel experiences. Within this context, business travel management services play a crucial role by offering specialized solutions that enhance the efficiency, cost-effectiveness, and overall quality of corporate travel. For example, in 2023, Condor Ferries Limited, a US-based travel services company, reported that a significant percentage of US visitors engaged in activities such as visiting aquariums, scientific museums, historical and cultural sites, and sightseeing excursions. Additionally, according to the International Trade Administration in July 2022, the number of foreign visitors to the US surged by 160.8% compared to July 2021, underscoring the industry's growth trajectory. In conclusion, the expansion of the travel and tourism sector is a key driver behind the increasing demand for business travel management services, highlighting their pivotal role in enhancing corporate travel experiences and operational efficiencies.
Major companies in the business travel management services sector are leveraging technology innovation by developing new apps aimed at simplifying business travel, streamlining booking processes, enhancing traveler safety, and providing real-time updates. These apps serve as centralized platforms where users can efficiently manage all aspects of their travel itinerary, including booking flights, accommodations, scheduling meetings, and arranging transportation. For example, in April 2024, Trip.Biz, a digital travel management company based in Singapore and part of the Trip.com Group, introduced the Trip.Biz app. This app is specifically designed to optimize corporate travel arrangements by integrating user-friendly technology and emphasizing sustainability. It offers round-the-clock customer support in multiple languages, ensuring a seamless experience for users handling their corporate travel requirements. Through such technological advancements, companies in the business travel management services sector aim to enhance efficiency, improve user experience, and meet the evolving needs of corporate travelers worldwide.
In March 2023, Travelport, a travel company headquartered in the UK, completed the acquisition of Deem Inc. for an undisclosed amount. This strategic move by Travelport is intended to bolster its portfolio and enhance capabilities in corporate travel management. Deem Inc., based in the US, specializes in providing software and solutions designed to streamline and optimize business travel management processes. Through this acquisition, Travelport aims to offer businesses more efficient and integrated travel solutions, catering to the needs of corporate travelers seeking enhanced productivity and cost-effectiveness in managing their travel arrangements.
Major companies operating in the business travel management service market are American Express Company, Booking Holdings Inc., Expedia Group Inc., Carlson Wagonlit Travel, BCD Travel, GBT Travel Services UK Limited, Christopherson Business Travel, Flight Centre Travel Group Limited, Fareportal Inc., Direct Travel Inc., Travel Leaders Group LLC, Corporate Travel Management Limited, FCM Travel Solutions, Adelman Travel Group, Safe Harbors Business Travel Inc., JTB Business Travel, Corporate Travel Planners Inc., Cain Travel & Events, ARTA Travel, Radius Travel, GTI Travel, Egencia.
North America was the largest region in the business travel management service market in 2024. The regions covered in the business travel management service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the business travel management service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Business travel management services encompass professional assistance aimed at efficiently overseeing and enhancing a company's corporate travel requirements. These services involve tasks such as booking flights, accommodations, transportation, and other travel-related logistics for employees traveling on business. Their objective is to ensure economical practices, adherence to corporate travel policies, and the comfort and safety of traveling employees.
Key categories of business travel management services include consultancy, transportation and lodging arrangements, meetings and events organization, among others. Consultancy services entail guidance from experts who provide advisory, intellectual, and implementation support to organizations, aiding them in problem-solving, enhancing operational efficiency, and achieving strategic objectives. These services cater to a wide range of entities, including large corporations, small and medium-sized enterprises (SMEs), as well as government and non-profit organizations, addressing needs such as transportation, accommodation, dining, and leisure activities.
The business travel management services market research report is one of a series of new reports that provides business travel management services market statistics, including business travel management services industry global market size, regional shares, competitors with a business travel management services market share, detailed methionine market segments, market trends, and opportunities, and any further data you may need to thrive in the business travel management services industry. This business travel management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The business travel management services market includes revenues earned by entities by providing services such as travel and expense management, risk management and duty of care, and corporate meetings and management and related online booking tools, expense management software, travel management platforms, and itinerary management tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The business travel management service market size has grown strongly in recent years. It will grow from $8.05 billion in 2024 to $8.58 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased global compliance and regulatory requirements around business travel, the rise of leisure travel, increasing focus on employee well-being and safety, increasing corporate travel budgets, and increasing globalization.
The business travel management service market size is expected to see strong growth in the next few years. It will grow to $10.91 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for top-notch travel services and cost-saving solutions, the surge in business trips, growing government initiatives for the development of mice, increasing cost-effective and efficient business travels, increasing number of corporate travelers and frequent business flyers. Major trends in the forecast period include technological advancements, personalization, mobile applications, hybrid meetings, and leisure travel.
The expansion of the travel and tourism industry is expected to drive growth in the business travel management services market moving forward. This industry encompasses a broad spectrum of businesses and services related to travel, tourism, and hospitality, catering to both domestic and international travelers. The growth of travel and tourism can be attributed to increased accessibility, affordability, and attractiveness of travel experiences. Within this context, business travel management services play a crucial role by offering specialized solutions that enhance the efficiency, cost-effectiveness, and overall quality of corporate travel. For example, in 2023, Condor Ferries Limited, a US-based travel services company, reported that a significant percentage of US visitors engaged in activities such as visiting aquariums, scientific museums, historical and cultural sites, and sightseeing excursions. Additionally, according to the International Trade Administration in July 2022, the number of foreign visitors to the US surged by 160.8% compared to July 2021, underscoring the industry's growth trajectory. In conclusion, the expansion of the travel and tourism sector is a key driver behind the increasing demand for business travel management services, highlighting their pivotal role in enhancing corporate travel experiences and operational efficiencies.
Major companies in the business travel management services sector are leveraging technology innovation by developing new apps aimed at simplifying business travel, streamlining booking processes, enhancing traveler safety, and providing real-time updates. These apps serve as centralized platforms where users can efficiently manage all aspects of their travel itinerary, including booking flights, accommodations, scheduling meetings, and arranging transportation. For example, in April 2024, Trip.Biz, a digital travel management company based in Singapore and part of the Trip.com Group, introduced the Trip.Biz app. This app is specifically designed to optimize corporate travel arrangements by integrating user-friendly technology and emphasizing sustainability. It offers round-the-clock customer support in multiple languages, ensuring a seamless experience for users handling their corporate travel requirements. Through such technological advancements, companies in the business travel management services sector aim to enhance efficiency, improve user experience, and meet the evolving needs of corporate travelers worldwide.
In March 2023, Travelport, a travel company headquartered in the UK, completed the acquisition of Deem Inc. for an undisclosed amount. This strategic move by Travelport is intended to bolster its portfolio and enhance capabilities in corporate travel management. Deem Inc., based in the US, specializes in providing software and solutions designed to streamline and optimize business travel management processes. Through this acquisition, Travelport aims to offer businesses more efficient and integrated travel solutions, catering to the needs of corporate travelers seeking enhanced productivity and cost-effectiveness in managing their travel arrangements.
Major companies operating in the business travel management service market are American Express Company, Booking Holdings Inc., Expedia Group Inc., Carlson Wagonlit Travel, BCD Travel, GBT Travel Services UK Limited, Christopherson Business Travel, Flight Centre Travel Group Limited, Fareportal Inc., Direct Travel Inc., Travel Leaders Group LLC, Corporate Travel Management Limited, FCM Travel Solutions, Adelman Travel Group, Safe Harbors Business Travel Inc., JTB Business Travel, Corporate Travel Planners Inc., Cain Travel & Events, ARTA Travel, Radius Travel, GTI Travel, Egencia.
North America was the largest region in the business travel management service market in 2024. The regions covered in the business travel management service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the business travel management service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Business travel management services encompass professional assistance aimed at efficiently overseeing and enhancing a company's corporate travel requirements. These services involve tasks such as booking flights, accommodations, transportation, and other travel-related logistics for employees traveling on business. Their objective is to ensure economical practices, adherence to corporate travel policies, and the comfort and safety of traveling employees.
Key categories of business travel management services include consultancy, transportation and lodging arrangements, meetings and events organization, among others. Consultancy services entail guidance from experts who provide advisory, intellectual, and implementation support to organizations, aiding them in problem-solving, enhancing operational efficiency, and achieving strategic objectives. These services cater to a wide range of entities, including large corporations, small and medium-sized enterprises (SMEs), as well as government and non-profit organizations, addressing needs such as transportation, accommodation, dining, and leisure activities.
The business travel management services market research report is one of a series of new reports that provides business travel management services market statistics, including business travel management services industry global market size, regional shares, competitors with a business travel management services market share, detailed methionine market segments, market trends, and opportunities, and any further data you may need to thrive in the business travel management services industry. This business travel management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The business travel management services market includes revenues earned by entities by providing services such as travel and expense management, risk management and duty of care, and corporate meetings and management and related online booking tools, expense management software, travel management platforms, and itinerary management tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Business Travel Management Service Market Characteristics3. Business Travel Management Service Market Trends and Strategies4. Business Travel Management Service Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Business Travel Management Service Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Business Travel Management Service Market34. Recent Developments in the Business Travel Management Service Market
5. Global Business Travel Management Service Growth Analysis and Strategic Analysis Framework
6. Business Travel Management Service Market Segmentation
7. Business Travel Management Service Market Regional and Country Analysis
8. Asia-Pacific Business Travel Management Service Market
9. China Business Travel Management Service Market
10. India Business Travel Management Service Market
11. Japan Business Travel Management Service Market
12. Australia Business Travel Management Service Market
13. Indonesia Business Travel Management Service Market
14. South Korea Business Travel Management Service Market
15. Western Europe Business Travel Management Service Market
16. UK Business Travel Management Service Market
17. Germany Business Travel Management Service Market
18. France Business Travel Management Service Market
19. Italy Business Travel Management Service Market
20. Spain Business Travel Management Service Market
21. Eastern Europe Business Travel Management Service Market
22. Russia Business Travel Management Service Market
23. North America Business Travel Management Service Market
24. USA Business Travel Management Service Market
25. Canada Business Travel Management Service Market
26. South America Business Travel Management Service Market
27. Brazil Business Travel Management Service Market
28. Middle East Business Travel Management Service Market
29. Africa Business Travel Management Service Market
30. Business Travel Management Service Market Competitive Landscape and Company Profiles
31. Business Travel Management Service Market Other Major and Innovative Companies
35. Business Travel Management Service Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Business Travel Management Service Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on business travel management service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for business travel management service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The business travel management service market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Consulting Services; Transportation and Accommodation; Meetings and Events Management; Other Types2) By Service: Transportation; Food and Lodging; Recreation
3) By Application: Large Enterprises; Small and Medium-Sized Enterprise (SMEs); Governments and Non-Profits
Subsegments:
1) By Consulting Services: Travel Policy Consulting; Cost Optimization Consulting; Risk Management Consulting; Sustainability Consulting2) By Transportation and Accommodation: Air Travel Booking; Rail and Ground Transportation; Hotel and Accommodation Booking; Car Rental Services
3) By Meetings and Events Management: Corporate Event Planning; Conference and Seminar Management; Incentive Travel Programs; Venue Sourcing and Coordination
4) By Other Types: Expense Management and Reporting; Travel Technology Solutions; Traveler Support and Assistance Services; Visa and Documentation Assistance
Key Companies Mentioned: American Express Company; Booking Holdings Inc.; Expedia Group Inc.; Carlson Wagonlit Travel; BCD Travel
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Business Travel Management Service market report include:- American Express Company
- Booking Holdings Inc.
- Expedia Group Inc.
- Carlson Wagonlit Travel
- BCD Travel
- GBT Travel Services UK Limited
- Christopherson Business Travel
- Flight Centre Travel Group Limited
- Fareportal Inc.
- Direct Travel Inc.
- Travel Leaders Group LLC
- Corporate Travel Management Limited
- FCM Travel Solutions
- Adelman Travel Group
- Safe Harbors Business Travel Inc.
- JTB Business Travel
- Corporate Travel Planners Inc.
- Cain Travel & Events
- ARTA Travel
- Radius Travel
- GTI Travel
- Egencia
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 8.58 Billion |
Forecasted Market Value ( USD | $ 10.91 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |