Business Travel Market to Hit US$ 2.09 Tr, Globally by 2027 at 4.9% CAGR: The Insight Partners

The "Business Travel" business intelligence report by "The Insight Partners" entails detailed information regarding the dynamics affecting market valuation over the analysis period. It also covers the competitive landscape, market scope, and market segmentation.

Business travel is a broad term that consists of all the activities executed to achieve a business goal or objective. This objective could be increasing sales, building business relationships, client support, business operations, training, and learning & development among many others. Business Travel is a critical function in any organization and travel managers sees it as an opportunity for revenue generation. For governments also, business travel generates jobs, increases income and tax revenues. Business Travel is affected by factors such as size of the economy, GDP growth, travel infrastructure development, population, industry mix, business dispersion, technology adoption, exports, oil prices, tax, security, and regulatory policies.

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The global trade and investment scenario have been growing at a stable pace, which has resulted in a positive business environment and high consumer confidence. The GDP growth in developing countries such as China and India is expected to offer ample opportunities for the business travel market in the coming years. With positive global economic outlook, investments in travel infrastructure, growth in SMEs, huge cross border trade volumes, and stabilizing political conditions, it is expected that the spending on business travel will accelerate over the next few years around the globe.

Companies Mentioned:
• 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
• Travel Leaders Group

The report on Business Travel market gives a rundown of market segmentation. Moreover, it provides particulars pertaining to market size, valuation and CAGR of each region and segment for all years from 2019 until 2027. PEST analysis for each region is given as well.

GLOBAL BUSINESS TRAVEL MARKET SEGMENTATION:

By Industry
• Government
• Corporate

By Service:
• Transportation
• Food & Accommodation
• Recreation Activity

By Traveler:
• Group
• Solo

The document will help readers gain vital information regarding the market such as leading players, their company profiles, portfolios, financial information, and latest developments. The report also enables companies in making strategic decisions such as partnerships, product launches, collaborations, etc. to gain a competitive edge.

Factors affecting Business Travel market dynamics, revenue generation, and valuation i.e. drivers, restraints, opportunities, and threats are also evaluated.

Key Elements that the report acknowledges:
• Growth rate and market size over the analysis timeframe.
• Key factors stimulating and hindering market expansion.
• Leading vendors and suppliers of the market.
• Exhaustive SWOT analysis of each company.
• Detailed PEST analysis by region.
• Opportunities and threats faced by the existing vendors in Business Travel market.
• Strategic initiatives undertaken by leading players.

Additionally, the report includes an exhaustive analysis of the market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the market is studied extensively to provide reliable knowledge for supplementary market investments.

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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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