2021 Business Travel Market Analysis: Industry Overview, Growth, Trends, Opportunities and Forecast to 2026

Business travel market

Looking ahead, IMARC Group expects the global business travel market to grow at a CAGR of 7.6% during the period 2021-2026.

STE R SHERIDAN, WYOMING, UNITED STATES, December 8, 2021 /EINPresswire.com/ – According to the latest IMARC Group report, entitled “Business travel market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global business travel market is currently experiencing moderate growth in 2020. Business travel, also known as business travel, is carried out especially for professional or professional purposes. This mainly includes domestic and international travel to different corporate branches or meeting suppliers and buyers for business expansion. In recent years, rapid globalization has popularized the trend of business travel, which involves brand and product promotion, employee training, meetings with customers, etc.

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The growing global presence of many small and medium-sized businesses is increasing the demand for business travel. In addition, the increasing number of exhibitions and conferences to promote the products and services around the world is also driving the growth of the market. In addition, the introduction of numerous government initiatives supporting start-up companies has created lucrative cross-sector investment opportunities, thus increasing the demand for business travel. The growing need for face-to-face interaction when finalizing vendors or recruiting senior executives is also driving the growth of the market. In addition, improved air connectivity along with the growing number of low cost airlines and private jet aggregators are also strengthening the global business travel market. Looking ahead, IMARC Group expects the global business travel market to grow at a CAGR of 7.6% during the period 2021-2026.

As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.

Competitive landscape with key players:

Airbnb Inc.
American Express Company
BCD trip
Reservation Holdings Inc.
Carlson Wagonlit Travel Inc.
Expedia Group Inc.
Fareportal Inc.
Flight Center Travel Group
Hogg Robinson Group
Travel Leaders Group LLC
Wexas Travel

Breakdown by type:

Managed business travel
Unmanaged business travel

Breakdown by type of object:

Marketing
Internal meetings
Trade fairs
Product launch
Others

Breakdown by expenditure:

Travel fare
Accommodation
To eat
Others

Breakdown by age group:

Travelers under 40
Travelers over 40

Breakdown by type of service:

Transport
Food and accommodation
Recreational activities
Others

Breakdown by type of trip:

Group trip
Solo trip

Breakdown by end user:

Government
Business
Others

Breakdown by region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

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Highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Market trends
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

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