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India Business Travel Market 2022: Size, Share, Demand, Challenges and Opportunities by 2027

07-12-2022 12:21 PM CET | Tourism, Cars, Traffic

Press release from: IMARC Group

India Business Travel Market 2022: Size, Share, Demand,

According to IMARC Group's latest report, titled "India Business Travel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India business travel market reached a value of US$ 31.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.2 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027.

Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download Free Sample Brochure: https://www.imarcgroup.com/india-business-travel-market/requestsample

Business travel, or corporate travel, represents the travel journeys that are conducted exclusively for work purposes or business expansion. Presently, most organizations are setting up their own in-house travel departments or employing external service providers to anticipate the modifications in the business landscape. Business travel includes several components, including sourcing and procurement, planning and booking, account management, measuring and reporting, etc. It aids in integrating the need of the employees with corporate goals and facilitating the plans and goals of the company.

India Business Travel Market Trends:

The expanding businesses and the growing economies across the country are primarily driving the market. In line with this, the escalating demand for international travel and the inflating passenger revenue kilometers (RPKs) are leading to the rising number of travel routes across India, which is further propelling the market growth. Additionally, the elevating number of low-cost carriers (LCCs), which are gaining prominence across numerous countries, is acting as another significant growth-inducing factor. Apart from this, India is becoming a business and industrial hub for corporations across the globe, which is also augmenting the market growth. Furthermore, the emerging trend of Bleisure travel, which incorporates business with pleasure elements by offering leisure or recreational activities in order to relieve stress while improving work efficiency, is projected to fuel the India business travel market over the forecasted period.

Key Market Segmentation:

The report has segmented the India business travel market on the basis of type, purpose type, expenditure, age group, service type, travel type, end user and region.

Breakup by Type:

Managed Business Travel
Unmanaged Business Travel

Breakup by Purpose Type:

Marketing
Internal Meetings
Trade Shows
Product Launch
Others

Breakup by Expenditure:

Travel Fare
Lodging
Dining
Others

Breakup by Age Group:

Travelers Below 40 Years
Travelers Above 40 Years

Breakup by Service Type:

Transportation
Food and Lodging
Recreational Activities
Others

Breakup by Travel Type:

Group Travel
Solo Travel

Breakup by End User:

Government
Corporate
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape With Key Players:

The competitive landscape of the India business travel market has been studied in the report with the detailed profiles of the key players operating in the market.

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3457&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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