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Business Travel Market Global Briefing and Future Outlook 2017 to 2023 | Airbnb, American Express Travel, Expedia., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group

05-24-2019 02:11 PM CET | Logistics & Transport

Press release from: ReportsWeb

ReportsWeb

ReportsWeb

Business Travel Market by Service (Transportation, Food & Lodging, Business Activity), Industry (Government, Corporate), Traveler (Group and Solo)-Global Opportunity Analysis and Industry Forecast, 2017-2023

The global business travel market generated revenue of $1,266 billion in 2016, and is expected to grow at a CAGR of 4.1% to reach $1,657 billion by 2023.

Business travel is a division of regular tourism in which people travel for a business-oriented purpose. It includes transportation, accommodation, business work, entertainment, and other activities. Global travel & tourism industry is one of the largest industries with global economic contribution of more than $7000 billion. The business travel segment shows the highest growth rate in this industry, as employees working in multinational organizations are often required to travel across various countries for business purposes. In business tourism, destinations are commercial places, which are well-developed and suited for trade work.

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Companies Profiled in this report includes: Airbnb Inc., American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, Hogg Robinson Group, The Priceline Group, Fareportal, Inc. (travelong inc.), and Wexas Travel.

Numerous companies in this field are trying to provide well-managed and cost-effective programs to the customers with the rise in demand for business travel management. The growth of the global business travel market is driven by the expansion of the travel & tourism industry, surge in government initiatives for the development of MICE (meetings, incentives, conferences, and events) segment & SME sector, and increase in globalization of business. However, surge in adoption of advanced technology such as video conferencing hampers the market growth, as it is cost-effective and less time-consuming as compared to travelling. Conversely, increase in infrastructural investment and rapid growth in travel retail market are anticipated to provide lucrative opportunities for the business travel market.

The market is segmented on the basis of service, industry, traveler, and geography. Based on service, the market is classified into transportation, food & lodging, and recreation. By industry, it is bifurcated into government and corporate. Depending on traveler, it is categorized into solo traveler and group traveler.

Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS

This report provides an in-depth analysis of the global business travel market to identify the potential investment pockets.

It outlines the current trends and future scenarios to determine the business travel market potential and gain stronger market foothold.

Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

Quantitative analysis of the business travel industry from 2016 to 2023 is highlighted to recognize the financial competency of the market.

Porter's Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Table of Content:

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 BUSINESS TRAVEL MARKET, BY SERVICE

CHAPTER 5 BUSINESS TRAVEL MARKET, BY INDUSTRY

CHAPTER 6 BUSINESS TRAVEL MARKET, BY TRAVELER

CHAPTER 7 BUSINESS TRAVEL MARKET, BY GEOGRAPHY

CHAPTER 8 COMPANY PROFILES

8.1. EXPEDIA INC.

8.2. AMERICAN EXPRESS COMPANY (AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.)

8.3. BCD GROUP (BCD TRAVEL)

8.4. CWT GLOBAL B.V. (CARLSON WAGONLIT TRAVEL)

8.5. FAREPORTAL, INC. (TRAVELONG INC.)

8.6. AIRBNB INC.

8.7. THE PRICELINE GROUP INC.

8.8. WEXAS LIMITED

8.9. HOGG ROBINSON GROUP PLC.

8.10. FLIGHT CENTRE TRAVEL GROUP LIMITED

Complete Report: https://www.reportsweb.com/buy&RW00012659190/buy/5639

Contact Info:
Name: Sameer Joshi
Email: sales@reportsweb.com
Company Name: ReportsWeb
Website: Reportsweb.com

Phone: +1-646-491-9876

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About ReportsWeb:                   

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