Global Business Travel Market (2022 to 2027)

DUBLIN, June 30, 2022 /PRNewswire/ — The “Business Travel Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

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The global business travel market is expected to reach a value of US$1.5 trillion by 2027, posting a CAGR of 8.49% over the period 2021-2027.

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.

A business trip, also known as corporate travel, is travel explicitly undertaken for business purposes or to develop business activities. This includes travel to another branch of the company or to another location to meet with suppliers and buyers, or for conferences and business events. In recent years, rapid globalization has accelerated the trend of business travel, which collectively includes customer meetings, brand and product promotion, business expansion, and training and incentives. employees.

The global market is mainly influenced by the growing digitalization in the tourism and corporate sectors. With this in mind, the growing penetration of the Internet of Things (IoT) has enabled travelers and tour operators to get things done quickly and easily. Along with this, Virtual Reality (VR) technology also provides better, efficient and personalized customer experiences, thereby enhancing the growth of the market.

Apart from this, the rising trend of Bleisure travel, which integrates business elements with pleasure elements and provides leisure or leisure activities to relieve stress and improve work efficiency, has given a positive impulse to the market. Large-scale developments in the travel and tourism sector, the increase in the number of small and medium-sized enterprises (SMEs) and rapid globalization have led to an increase in the number of business travelers.

This, along with the tie-ups of several corporate organizations with leading corporate travel companies to provide personalized collaborative spaces and team-building exercises, acts as another major growth driver.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the major players being Airbnb Inc., American Express Company, BCD Travel, Booking Holdings Inc., Carlson Wagonlit Travel Inc., Expedia Group Inc., Fareportal Inc., Flight Center Travel Group, Hogg Robinson Group, Travel Leaders Group LLC, Wexas Ltd., etc.

Key questions answered by this report
1. What is the forecasted growth rate of the global business travel market between 2022 and 2027?
2. What are the key factors driving the global business travel market?
3. What has been the impact of COVID-19 on the global business travel market?
4. What is the global business travel market split by type?
5. What is the breakdown of the global business travel market by type of purpose?
6. What is the global business travel market breakdown by spend?
7. What is the breakdown of the global business travel market by age group?
8. What is the breakdown of the global business travel market by type of service?
9. What is the breakdown of the global business travel market by type of trip?
10. What is the breakdown of the global business travel market by end user?
11. What are the key regions of the global business travel market?
12. Who are the key companies/players in the global business travel market?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global business travel market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Type
6.1 Managed business travel
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Unmanaged business travel
6.2.1 Market trends
6.2.2 Market Forecast

7 Market Breakdown by Goal Type
7.1 Marketing
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Internal meetings
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Trade shows
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Product launch
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market trends
7.5.2 Market Forecast

8 Market Breakdown by Expenditure
8.1 Fare of the trip
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Accommodation
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Meals
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market trends
8.4.2 Market Forecast

9 Market Breakdown by Age Group
9.1 Travelers under 40
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Travelers over 40
9.2.1 Market trends
9.2.2 Market Forecast

10 Market Breakdown by Service Type
10.1 Transportation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Food and lodging
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Recreational Activities
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast

11 Market Breakdown by Travel Type
11.1 Group travel
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Solo travel
11.2.1 Market Trends
11.2.2 Market Forecast

12 Market Breakdown by End User
12.1 Government
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Company
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Others
12.3.1 Market Trends
12.3.2 Market Forecast

13 Market Breakdown by Region

14 SWOT Analysis

15 Value chain analysis

16 Analysis of the five forces of carriers

17 Competitive Landscape
17.1 Market structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Airbnb Inc.
17.3.1.1 Presentation of the company
17.3.1.2 Product portfolio
17.3.2 American Express Company
17.3.2.1 Presentation of the company
17.3.2.2 Product portfolio
17.3.2.3 Finance
17.3.2.4 SWOT Analysis
17.3.3 BCD trip
17.3.3.1 Presentation of the company
17.3.3.2 Product portfolio
17.3.4 Reservation Holdings Inc.
17.3.4.1 Company overview
17.3.4.2 Product portfolio
17.3.4.3 Finance
17.3.4.4 SWOT Analysis
17.3.5 Carlson Wagonlit Travel Inc.
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.6 Expedia Group Inc.
17.3.6.1 Company Overview
17.3.6.2 Product portfolio
17.3.6.3 Finance
17.3.6.4 SWOT Analysis
17.3.7 Farereport Inc.
17.3.7.1 Company Overview
17.3.7.2 Product portfolio
17.3.8 Flight Center Travel Group
17.3.8.1 Company Overview
17.3.8.2 Product portfolio
17.3.8.3 Finance
17.3.9 Hogg Robinson Group
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.9.3 Finance
17.3.10 Travel Leaders Group LLC
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.11 Wexas Ltd.
17.3.11.1 Company Overview
17.3.11.2 Product portfolio

For more information on this report, visit https://www.researchandmarkets.com/r/5v67i8

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