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[126 Pages Report] Business Travel Market Outlook 2022 Business travel refers to domestic or international travel by an employee for a variety of business purposes, including organizing trade shows, corporate marketing, product launches and internal meetings. Tourism is one of the main sources of income for a number of countries and has a positive impact on the economy of both source and host countries. The tourism industry has experienced strong growth over the past six decades, particularly in regions such as Europe which receive large numbers of short-stay international travellers. Tourists generally have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from tourist to tourist. For example, some tourists prefer simple beach vacations, while others want family vacations in quieter resorts, non-marketed locations, or destination hotels targeted at a niche market.

One of the major drivers of this market is the growth of technological advancements. The business travel market relies on technologically advanced solutions that help travel agents and their customers access travel data; compare booking options; and book the most efficient, economical and comfortable option. Additionally, advancements in artificial intelligence (AI) have helped automate the travel booking process, eliminating the need to re-enter employee travel preferences and, therefore, saving time and energy. .

Market analysis and overview: global business travel market

The global business travel market size is expected to reach USD 1,489,600 million by 2027, from USD 1,182,000 million in 2020, at a CAGR of 3.3% during the period 2021-2027.

With industry-standard analytical accuracy and high data integrity, the report brilliantly attempts to unveil major opportunities available in the global Business Travel Market to help players gain a strong position in the market. Buyers of the report can access verified and reliable market forecasts, including those regarding the overall size of the global business travel market in terms of revenue.

Overall, the report proves to be an effective tool that players can utilize to gain a competitive edge over their competitors and ensure sustainable success in the global business travel market. All conclusions, data and information provided in the report are validated and revalidated using reliable sources. The analysts who authored the report have adopted a unique and industry-leading research and analytical approach to an in-depth study of the global business travel market.

Global Business Travel Scope and Market Size

The business travel market is segmented by company, region (country), by type and by application. Players, stakeholders, and other participants in the global Business Travel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

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The major key players in the business travel market are

  • BCD trip
  • Carlson Wagonlit Travel (CWT)
  • Expedia
  • American Express International Business Travel
  • Hogg Robinson Group
  • CT Business travel
  • CM
  • Smart business travel
  • Shandon Tourist attractions
  • Clarity
  • Upside down
  • business traveler
  • Trip Leaders Group
  • Montrose Tourist attractions
  • Egencia
  • world in orbit
  • Morrison Business Travel
  • Teplis
  • Business trips on the North Shore (NSBT)
  • NextTravel
  • TAG Group
  • Fello
  • TripActions
  • Executive Travel
  • FCM Travel

    Business Travel Market Type Segment Analysis (Available Market Size 2022-2027, Consumption Volume, Average Price, Revenue, Market Share and Trend 2015-2027): Trade Shows, Internal Meeting, Product Launch

  • The regions expected to dominate the business travel market are North America, Europe, Asia-Pacific, South America, Middle East and Africa and others

    If you have any questions about this report or are looking for a specific segment, application, region, or other custom requirement, connect with an expert for report customization.

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