Bleisure Travel Market 2020 Growth, Trends, Revenue, Share and Demands Research Report 2027

The word Bleisure is derived from two words—business and leisure which means merging business and leisure time in an action. Bleisure travel is preferred by various governments and corporate sectors due to its business as well as leisure time in one travel. Bleisure travel can be solo or group travel. Many companies are changing their business policies. Bleisure travel can be planned through online portals and conventional methods like travel agents. Increase in number of bleisure travelers boost the sales of hotels and travel agencies and popularity of travel destinations, which in turn fosters the bleisure travel market growth.

COVID-19 Scenario Analysis:

COVID-19 has affected the travel market that has caused huge losses to travel companies and hospitality businesses. People are afraid to go on a trip with their family because of this pandemic’s situation. Hotels and many travel places are closed due to strict orders from the government. Airways and seaways are restricted. So, COVID-19 has majorly affected the hospitality business. Every online and conventional travel agency is facing financial problem to meet the target. Many labors, who worked in hotels and travel agencies are not able to make living for them. COVID-19 has caused problem for tourist places as well, which has affected the economic financial position.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers,and Impact Analysis

Bleisure travel is cost-effective for the business managers and government employees. Advanced offers, better accommodation, and improvement in the services provided during the stay of customers or good feedback are the factors that drive the growth of the global bleisure market. However, bad experience and getting substitute offers at a better prize hinder the growth of the market. Hotels and travel agencies can collaborate with the online travel booking website and promote their hotels and accommodation facilities. This is expected to be an opportunity for hotels to border their market and make a new path in the industry.

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•Companies Covered Airbnb Inc., American Express Travel, Expedia Inc., BCD Travel, Flight Centre Travel Group, Carlson Wagonlit Travel,MakeMyTrip, World Travel Holding Inc.

Key Benefits of the Report:
• This study presents the analytical depiction of the global bleisure travel industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bleisure travel market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global bleisure travel market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global bleisure travel market analysis based on competitive intensity and how the competition will take shape in the coming years.

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