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Global Business Travel Market 2020-2024
SKU ID : TNV-15921005 | Publishing Date : 29-Jun-2020 | No. of pages : 120
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Global Business Travel Market 2020-2024
Our Experts has been monitoring the business travel market and it is poised to grow by $ 268.83 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports 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.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digitization of travel payments and the availability of business services in hotels. In addition, the growing technological advances is anticipated to boost the growth of the market as well.
The business travel market analysis includes expenditure segment, age segment, application segment, and geographic landscapes
Our Experts's business travel market is segmented as below:
By Expenditure
• Travel fare
• Lodging
• Dining
• Other expenditure
By Age
• Above 40 years
• Below 40 years
• Marketing
• Internal meeting
• Trade show
• Product launch
By Geographic Landscapes
• APAC
• Europe
• North America
• South America
• MEA
This study identifies the growing preference of consumers to book through online travel agencies as one of the prime reasons driving the business travel market growth during the next few years. Also, the personalization of guest data and demand for leisure travel will lead to sizable demand in the market.
Our Experts 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. Our business travel market covers the following areas:
• Business travel market sizing
• Business travel market forecast
• Business travel market industry analysis
Our Experts's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., BCD Group, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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.
Our Experts 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. Our Experts's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Our Experts has been monitoring the business travel market and it is poised to grow by $ 268.83 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports 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.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digitization of travel payments and the availability of business services in hotels. In addition, the growing technological advances is anticipated to boost the growth of the market as well.
The business travel market analysis includes expenditure segment, age segment, application segment, and geographic landscapes
Our Experts's business travel market is segmented as below:
By Expenditure
• Travel fare
• Lodging
• Dining
• Other expenditure
By Age
• Above 40 years
• Below 40 years
By Application
• Marketing
• Internal meeting
• Trade show
• Product launch
By Geographic Landscapes
• APAC
• Europe
• North America
• South America
• MEA
This study identifies the growing preference of consumers to book through online travel agencies as one of the prime reasons driving the business travel market growth during the next few years. Also, the personalization of guest data and demand for leisure travel will lead to sizable demand in the market.
Our Experts 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. Our business travel market covers the following areas:
• Business travel market sizing
• Business travel market forecast
• Business travel market industry analysis
Our Experts's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., BCD Group, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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.
Our Experts 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. Our Experts's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
