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The business travel market is forecasted to grow by USD 3.21 trillion during 2023-2028, accelerating at a CAGR of 34.28% during the forecast period. The report on the business travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing technological advances, digitalization of travel payments, and availability of business services in hotels.
The business travel market is segmented as below:
By Application
- Marketing
- Internal meeting
- Trade show
- Product launch
By Type
- Travel fare
- Lodging
- Dining
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the business travel market covers the following areas:
- Business travel market sizing
- Business travel market forecast
- Business travel market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global business travel market: ADTRAV Corp., Airbnb Inc., American Express Global Business Travel GBT, ATG Travel Worldwide BV, BCD Travel Services BV, Booking Holdings Inc., Christopherson Business Travel, CWT Global BV, Direct Travel Inc., Fareportal Inc., FCM Travel Solutions, Flight Centre Travel Group Ltd., JPMorgan Chase and Co., JTBUSA Inc., MakeMyTrip Ltd., Omega World Travel Inc., Travel Leaders Group Holdings LLC, UNIGLOBE Travel International Limited Partnership, Walmart Inc., and WexasA Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing preference of consumers to book through online travel agencies."
According to the report, one of the major drivers for this market is the growing technological advances.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADTRAV Corp.
- Airbnb Inc.
- American Express Global Business Travel GBT
- ATG Travel Worldwide BV
- BCD Travel Services BV
- Booking Holdings Inc.
- Christopherson Business Travel
- CWT Global BV
- Direct Travel Inc.
- Fareportal Inc.
- FCM Travel Solutions
- Flight Centre Travel Group Ltd.
- JPMorgan Chase and Co.
- JTBUSA Inc.
- MakeMyTrip Ltd.
- Omega World Travel Inc.
- Travel Leaders Group Holdings LLC
- UNIGLOBE Travel International Limited Partnership
- Walmart Inc.
- WexasA Ltd.
