openPR Logo
Press release

CAGR 4.9% of Business Travel Market Analysis by Product Type, Usage, End User, Geography, Application, Drivers, Restraints and Forecast To 2027

11-13-2020 07:57 AM CET | Tourism, Cars, Traffic

Press release from: Premium Market Insights

The global Business Travel market accounted for US$ 1.37 Bn in 2018 and is expected to grow at a CAGR of 4.9% over the forecast period 2019-2027, to account for US$ 2.09 Bn by 2027. With the increasing digitalization of travel bookings and payments, the business travel market is expected to grow at an impressive rate during the forecast period. The digitalization of payments and bookings has made it easier for both enterprises and individual travelers to organize their travel needs. A wide variety of online and cashless payment options allow travelers to pay for services such as hotel accommodation, airfare, dining, ground transport, souvenirs, recreational activities without using credit/debit cards or net banking.

Top Companies Covered in this Report:
American Express Global Business Travel, BCD Group, Booking Holdings, Inc., Corporate Travel Management, CWT, Direct Travel, Inc., Expedia Group, Fareportal, Flight Centre Travel Group Limited, and Travel Leaders Group

Get sample copy of Report at:https://bit.ly/35w2wqZ

With continuous improvements in security, these transactions are secure and easy to track for administrative purposes. Payment options such as Apple Pay, Samsung Pay, Paytm, Venmo, and other digital payment methods are growing at an impressive pace due to the convenience they offer. These online payment options with the use of virtual account numbers (VANs) have great potential in the Business Travel market as they result in complete cashless transactions. These options are also considered more secure than traditional credit cards and help in reducing potential fraud transactions.

In addition to the benefits for individual business travelers, this digitalization revolution presents a massive opportunity for businesses, to transform their business models and existing processes in order to increase operational efficiency and revenue. Digital transformation or digitalization is the integration of digital technology in business models, business processes, and organizational activities. End-to-end business process optimization, operational efficiency, reduction of cast and human errors are some of the major drivers for digital transformation in any industry, including the business travel industry. In the past decade, the proliferation of smart devices, easy availability of internet, the advancement of IoT, Artificial Intelligence (AI), and the advent of smart workplaces homes have been increasing exponentially. This shift from offline to online application and services in the Business Travel market is anticipated to drive the growth of the Business Travel market in the near future.
The overall Business Travel market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the business travel market. It also provides the overview and forecast for the global Business Travel market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the business travel industry.

Get Discount for This Report https://bit.ly/2K5dcV6

Table Of Content
1. Introduction

2. Key Takeaways

3. Research Methodology

4. Business Travel- Market Landscape

5. Business Travel Market - Key Industry Dynamics

6. Business Travel Market- Global Analysis

7. Business Travel Market - By Service

8. Business Travel Market - By Industry

9. Business Travel Market - By Traveler

10. Business Travel Market - Geographical Analysis

11. Industry Landscape

12. Company Profiles

13. Appendix

Enquire about report at:https://bit.ly/3pjsHsJ

Contact Us:
Sameer Joshi
Call: +912067274191
Email: sales@premiummarketinsights.com
Pune

About Premium Market Insights:
Premiummarketinsights.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CAGR 4.9% of Business Travel Market Analysis by Product Type, Usage, End User, Geography, Application, Drivers, Restraints and Forecast To 2027 here

News-ID: 2187181 • Views: 180

More Releases from Premium Market Insights

Accounting Practice Management Software Market Key Players Review, Trend by Fore …
Accounting practice management software supports professional accountants to manage workflow, communicate with their clients, and automate their daily processes. An accounting practice management software is there to confirm that work is delegated, tracked, and completed on time. Check for the sample here - https://bit.ly/39FZaUF
AI in Education Market to Witness a Pronounce Growth During 2020-2027 | ALEKS Co …
“AI in Education Market is growing at a High CAGR during the forecast period 2020-2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. The education sector is rapidly adopting new innovative ways of teaching and is quickly implementing new technologies. AI in education improves the efficiency and streamline the admin task, providing teachers more freedom to teach. Advancements in
EV Charging Infrastructure Market is Projected to Reach US$ 95.98 Bn by 2027 | L …
The global EV Charging Infrastructure market is accounted to US$ 6.45 Bn in 2018 and is expected to grow at a CAGR of 36.8% during the forecast period 2019 - 2027, to account to US$ 95.98 Bn by 2027. The global EV Charging Infrastructure market is experiencing steady growth in the forecast period. The continuously rising number of electric vehicles in the US has led to an increase in demand
Cloud Kitchen Market Size to Reach $71.4billion by 2027 | CAGR of 12.0% - Premiu …
The global cloud kitchen market size was valued at $43.1billion in 2019, and is estimated to reach $71.4billion by 2027 with a CAGR of 12.0% from 2021 to 2027. Cloud kitchens are delivery-only kitchens which can be owned by a brand or third party working with various brands. Brands which are using cloud kitchens can also operate virtual restaurant or brick-and-mortar restaurant. Moreover, on the flip side brick-and-mortar restaurants are

All 5 Releases


More Releases for Travel

Tanzania Travel Tips
Tanzania is among the most popular African countries and for good reason. The climate is warm, the landscape is natural, wildlife is abundant and the people are friendly. All these qualities make Tanzania an affordable holiday destination. Accessing Tanzania The best airport to arrive at is Kilimanjaro International Airport. KLM has daily flights from Amsterdam. Ethiopian and Kenya Airways also fly into Kilimanjaro. Your health There are some health precautions that you need
Travel Mobile Application Developers
we have extensive experience in creating high performance, feature-packed native mobile applications for all the major platforms including iOS, Android..Travayoo Mobile App Development takes its best position and strives to work with the growing outline. Rather than mobile app development, our company also works on B2B , B2C booking engine system. Our mobile application development process integrates design and development to come up with a flexible process that delivers result. INGENIUM
Las Vegas Travel Tips
The city of Las Vegas is known as a universal goal of betting in the clubhouse that are situated over this city and the nightlife that is offered to the voyagers, who visit this goal from various parts of the world. For single ladies voyagers to Las Vegas, the season of New Year ought to have stayed away from as the city is uncommonly swarmed amid this time. Nonetheless, the
City Travel Briefing: Paris
Paris has been resilient as one of the world's leading tourist destinations despite a host of challenges related to security, accommodation and overcrowding. With a clear focus on reinventing the city for the modern traveller by transforming its infrastructure, culture and attractions, Paris is well placed to compete with emerging cities vying to become the tourist destination of choice. This report outlines Paris's strategy in attracting new (and old) holidaymakers
Tonga Travel Guide Launched
South Pacific Travel has launched its online Tonga Travel Guide with 125 pages of maps, photos, drawings, and travel information. Tonga.SouthPacific.org is based on the Kingdom of Tonga chapter from Moon Handbooks South Pacific, now fully updated by the original author David Stanley. The 11 digital map files used in the printed book have been modified for web use. The site outlines the many sports and recreation opportunities in Tonga. The
Kanoo Travel Launches New Luxury Travel Brochure
Partners with American Express Vacations to offer its Middle East customers a wide array of exciting travel destinations combining high quality with excellent value for money. Dubai, United Arab Emirates, September 1, 2009: Kanoo Travel, the largest travel company in the Middle East, today announced that it has partnered with American Express Vacations to launch a new luxury travel brochure for its customers in the Middle East. The first Kanoo Travel