Global Business Travel Market Is Growing at a CAGR of 5.01% from 2018 to 2024

Global Business Travel Market was valued at USD 1.26 billion in the year 2017. Global Business Travel market is further estimated to grow at a CAGR of 5.01% from 2018 to reach USD 1.69 billion by the year 2023.

BCD Group (Netherlands), Fareportal, Inc. (U.S), Flight Centre Travel Group Limited (Australia), Airbnb Inc. (U.S), Expedia Inc. (U.S), American Express Company (U.S), Hogg Robinson Group Plc. (U.K), The Priceline Group Inc. (U.S) and Wexas Limited (U.K) are some of the key players in the Global Business Travel market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

In the global business travel market by region, Asia pacific region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to strong economic growth. At country level Japan and China is projected to grow strongly in the coming years due to tremendous industrial growth.

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Drivers:
• Growing travel & tourism industry
• Increasing disposable income.
Restraints:
• High incurred costs
• Adoption of technology
Opportunities:
• Increase in globalization of business
Challenges:
• Growing technological advancement

The segmentation are done on the basis services, by Industry Type, by Traveler and by region. On the basis of services the global Business Travel market is sub segmented as transportation, food & lodging and recreational activities of which the food & lodging segment is expected to hold the highest CAGR during the forecast period.

The segmentation done on the basis of type of industry type includes Government and corporate of which corporate segment is expected to hold the highest market share among other industries. On the basis of traveler the market is segmented as Group Travel and Solo Travel of which group as a traveler is expected to grow at the highest Market share during the forecasted period.

Key Benefits for Stakeholders
• Business Travel service providers
• Research and Consulting Organization
• End use industries
• Regulatory bodies and consumers.

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By Service
• Transportation
• Food & Lodging
• Recreational Activities

By Industry Type
• Government
• Corporate

By Traveler
• Group Travel
• Solo Travel

By Region
• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players
• Expedia Inc.
• American Express Company (American Express Travel Related Services Company, Inc.)
• Cwt Global B.V. (Carlson Wagonlit Travel)
• Airbnb Inc.
• BCD Group (BCD Travel)
• Fareportal, Inc. (Travelong Inc.)
• Hogg Robinson Group Plc.
• The Priceline Group Inc.
• Flight Centre Travel Group Limited
• Wexas Limited
(A brief overview of 15 companies is also provided)

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Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table of Content

1. Introduction
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Limitations
1.3 Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards

5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry

6. Business Travel Market, By Service
6.1 Transportation
6.2 Food & Lodging
6.3 Recreational Activities

7. Business Travel Market, By Industry
7.1 Government
7.2 Corporate

8. Business Travel Market, Traveler
8.1 Group Travel
8.2 Solo Travel

9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Malaysia
9.4.3. South Korea
9.4.4. India
9.4.5 Ro APAC
9.5. RoW
9.5.1. Latin America
9.5.2. Middle East and Africa

10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 Expedia Inc.
10.2 American Express Company (American Express Travel Related Services Company, Inc.)
10.3 Cwt Global B.V. (Carlson Wagonlit Travel)
10.4 Airbnb Inc.
10.5 BCD Group (BCD Travel)
10.6 Fareportal, Inc. (Travelong Inc.)
10.7 Hogg Robinson Group Plc.
10.8 The Priceline Group Inc.
10.9 Flight Centre Travel Group Limited
10.10 Wexas Limited
(A brief overview of 15 companies is also provided.)

11. Competitive Analysis
11.1. Introduction
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

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