Press release
Business Travel Market increasing demand with Leading key players: Airbnb, Inc., American Express Company, Expedia, Inc., BCD Travel
Global Business Travel Market is expected to rise from its initial estimated value of USD 1375.36 billion in 2018 to an estimated value of USD 1915.83 billion by 2026, registering a CAGR of 4.23% in the forecast period of 2019-2026. Rise in the travel and tourism industry is the major factor for the growth of this market.
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Global Business Travel Market By Service (Transportation, Food & Lodging, Recreation Activity), Industry (Government, Corporate), Traveller (Group, Solo), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Complete report on Global Business Travel Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Business Travel Market
Business travel is the journey which is done for the business or work purposes only. These are usually done to meet the customers, meeting at other company, to visit any worksite, building new partnership, strengthening relations between companies or for the promotion of any product. These days, conference rooms and meeting rooms are there in the hotel itself so that meeting can be held there.
Key Questions Answered in Global Business Travel Market Report:-
Our Report offers:-
What will the market growth rate, Overview and Analysis by Type of Global Business Travel Market in 2026?
What are the key factors driving, Analysis by Applications and Countries Global Business Travel Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Business Travel Market?
Who are Opportunities, Risk and Driving Force of Global Business Travel Market?
Who are the opportunities and threats faced by the vendors in Global Business Travel Market? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Business Travel Market opportunities, market risk and market overview of the Market?
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Top Key Players:
Airbnb, Inc.,
American Express Company,
Expedia, Inc.,
BCD Travel,
CWT,
Flight Centre Travel Group Limited,
Hogg Robinson Ltd,
Booking Holdings,
Fareportal,
WEXAS TRAVEL,
Travel Leaders Group.
Market Drivers:
Increase in urbanization is the major factor for the growth of this market.
Development in the travel and tourism is driving the market.
Market Restraints:
Increase in the advanced technology like video conferencing is the major factor restraining the growth of this market.
Key Developments in the Market:
In February 2018, American Express Global business Travel announced the launch of its Business Travel Made offer which will help the companies to easily role out travel management platform.
In March 2016, QuadLabs announced the launch of their new cooperate booking tool for the travel management company and business traveller across the globe so that there will be smooth relationship between the travel houses and their clients.
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Market Segmentations:
Global Business Travel Market is segmented on the basis of
Service
Industry
Traveller
Geography
Market Segmentations in Details:
By Service
Transportation
Food & Lodging
Recreation Activity
By Industry
Government
Corporate
By Traveller
Group
Solo
By Geography
North America
US.
Canada,
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
UAE
Rest of MEA
Competitive Analysis: Global Business Travel Market
Global business travel market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of business travel market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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