Overview of Business Travel Industry 2020-27 Key Drivers, Current Trends, COVID19 Impact Analysis and Leading Players

Latest Business Travel market research report provide the latest industry developments, M&A, recent trends, DROC (Drivers, Restraints, Opportunities, Challenges), PEST Analysis (Political, Economic, Social, Technological), extensive regional analysis, and competitive analysis for the 2020-2026 review period.

The Business Travel market size was valued at USD 1358.11 Mn in 2018 and is expected to reach USD XX Mn by 2027 and growing at a CAGR of 5.2%.

This research report is a significant source of insightful statistics & information for all the business strategies. An in-depth interpretation of the value chain and the distribution channel is provided in this report by the industry professionals. The Business Travel Market study provides comprehensive information regarding the segmentation & regional analysis of the market, which helps in better understanding for business expansion.

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Market segmentation based on product types, application, Major key players & region as per below:

Based on Product Type:
• Traveler Type (Veterans, Passionate High-tech, Passionate high-tech, Road Weary Travelers)
• Type (International, Domestic, International) Purpose (Client meetings, Marketing & Sales)
• Spending (Flight, Lodging)
• Distribution Channel (Offline, Online)
• Impact on Market (1.50%, 1.00%)

Based on Applications:
• BPO
• IT
• Finance
• Automobile
• Entergy

Key players covered in this report:
• Expedia Group Inc.
• Booking Holdings Inc.
• American Express Global Business Travel
• BCD Travel N.V.
• Carlson Wagonlit Travel

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Report Scope:
The Business Travel market study is an effective tool for addressing Research insights relevant for business strategies like:
–> New product launch
–> New client acquisition
–> New opportunity mapping (market level and geography level)
–> Competitive benchmarking
–> Cost optimization strategies
–> Inorganic expansion plans

COVID-19 Impact Analysis & Post opportunities:
The introduction of COVID-19 pandemic has considerably impacted the Business Travel market. The demand, production, innovations, and delivery and supply of essential components and services has been interrupted due to the pandemic situation created in the minds of customers and also working labor force in the industries. However, the key manufacturing and service providing companies involved in the Business Travel market have planned few effective strategies that would be applied post-pandemic and stabilize the industry in short time. we have covered all this information in our research study.

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