Business Travel Market 2020-2026 Sets the Table for Continued Growth | Global Players - Airbnb, Inc., American Express Company, Expedia, Inc., BCD Travel

Global Business Travel Market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin. According to this business document, key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the industry.

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.

Few of the leading organizations’ names are listed here- 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.

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Succinct Description of the 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.

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 Restraint:

Increase in the advanced technology like video conferencing is the major factor restraining the growth of this market.

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In this study, the years considered to estimate the market size of Business Travel are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2027

Crucial Market Segment details-:

By Service
Transportation
Food & Lodging
Recreation Activity
By Industry
Government
Corporate
By Traveller
Group
Solo

Methodologies utilized to evaluate 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.

Research strategies and tools used-:

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Table of Contents

1 Business Travel Market Overview

2 Manufacturers Profiles

3 Global Business Travel Market Competitions, by Players

3.1 Global Business Travel Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Business Travel Players Market Share

3.2.2 Top 10 Business Travel Players Market Share

3.3 Market Competition Trend

4 Global Business Travel Market Size by Regions

5 North America Business Travel Revenue by Countries

6 Europe Business Travel Revenue by Countries

7 Asia-Pacific Business Travel Revenue by Countries

8 South America Business Travel Revenue by Countries

9 Middle East and Africa Revenue Business Travel by Countries

10 Global Business Travel Market Segment by Type

11 Global Business Travel Market Segment by Application

12 Global Business Travel Market Size Forecast (2019-2027)

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 Conclusion:  

This Business Travel research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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