Global Business Travel Market (2022 to 2027)

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

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

Taking into account the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect impact of the pandemic on various end-use sectors. These insights are included in the report as a key market contributor.

Business travel, also known as business travel, is a trip that is made explicitly for work purposes or to expand business operations. It includes travel to another company location, or to another location to meet suppliers and buyers, or for conferences and corporate events. In recent years, the rapidly globalizing world has accelerated the trend of business travel, which together includes customer meetings, brand and product promotion, business expansion, and employee training and incentives.

The global market is mainly influenced by the increasing digitization in tourism and business. In line with this, the growing penetration of the Internet of Things (IoT) has enabled both travelers and tour operators to get things done quickly and easily. In addition, virtual reality (VR) technology is also enabling better, efficient and personalized customer experiences, fueling market growth.

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

This, along with the collaboration of several corporate organizations with leading corporate travel companies to provide customized collaborative spaces and team building exercises, is another key growth driver.

Competitive landscape:

The report has also analyzed the competitive landscape of the market with some of the key 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.

Important questions answered in this report
1. What is the projected growth rate of the global business travel market in 2022-2027?
2. What are the key factors driving the global business travel market?
3. What is the impact of COVID-19 on the global business travel market?
4. What is the breakdown of the global business travel market based on type?
5. What is the breakdown of the global business travel market based on the type of purpose?
6. What is the breakdown of the global business travel market based on expenditure?
7. What is the age group distribution of the global business travel market?
8. What is the breakdown of the global business travel market based on the type of service?
9. What is the breakdown of the global business travel market based on the type of travel?
10. What is the end-user-based breakdown of the global business travel market?
11. What are the key regions in 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 Summary

4 Introduction
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 trips
6.1.1 Market trends
6.1.2 Market forecast
6.2 Unattended Business Trips
6.2.1 Market trends
6.2.2 Market forecast

7 Market distribution by target 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 Scholarships
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 Other
7.5.1 Market trends
7.5.2 Market forecast

8 Market breakdown by release
8.1 Travel Fare
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 Dining
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 the age of 40
9.1.1 Market trends
9.1.2 Market forecast
9.2 Travelers over 40 years old
9.2.1 Market trends
9.2.2 Market forecast

10 Market breakdown by service type
10.1 Transport
10.1.1 Market trends
10.1.2 Market forecast
10.2 Food and shelter
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 Traveling alone
11.2.1 Market Trends
11.2.2 Market forecast

12 Market segmentation by end user
12.1 Government
12.1.1 Market trends
12.1.2 Market forecast
12.2 Business
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 Porter’s Five Forces Analysis

17 Competitive Landscape
17.1 Market structure
17.2 Key players
17.3 Profiles of protagonists
17.3.1 Airbnb Inc.
17.3.1.1 Company overview
17.3.1.2 Product portfolio
17.3.2 American Express Company
17.3.2.1 Company overview
17.3.2.2 Product portfolio
17.3.2.3 Financial data
17.3.2.4 SWOT analysis
17.3.3 BCD Travel
17.3.3.1 Company overview
17.3.3.2 Product portfolio
17.3.4 Booking Holdings Inc.
17.3.4.1 Company overview
17.3.4.2 Product portfolio
17.3.4.3 Financial data
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 Financial data
17.3.6.4 SWOT analysis
17.3.7 Fareportal 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 Financial data
17.3.9 Hogg Robinson Group
17.3.9.1 Company overview
17.3.9.2 Product portfolio
17.3.9.3 Financial
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 about this report, visit https://www.researchandmarkets.com/r/5v67i8

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