India Business Travel Market Trends, Size, Companies Share, Growth and Business Opportunities 2022-2027

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.

Get a Free Sample Copy of this Report: https://www.imarcgroup.com/india-business-travel-market/requestsample

Business travel is generally undertaken for work or business purposes, including meetings and conferences, business expansion, employee training and development, promotion of products and services and strengthening company relations. It involves a wide range of services, such as planning and booking, sourcing and procurement, measuring and reporting and account management. It is usually paid by the organization via in-house travel departments and external service providers that include meals, airfare and lodging, transport services and expenses for communication devices. In India, there has been a considerable increase in the popularity of business travel due to a considerable decrease in airfares on account of the introduction of new airlines.

India Business Travel Market Trends:

The India business travel market is primarily driven by the globalization of business operations, which has encouraged multinational companies to expand their business in the country. Moreover, the rising investments by public and private agencies for improving the travel infrastructure are creating a positive market outlook. Additionally, the increasing penetration of high-speed internet connectivity and the emergence of several online travel agencies (OTAs) are providing a boost to the market. In line with this, the widespread adoption of advanced technologies, such as robotics and virtual reality (VR), for offering personalized customer experiences is impacting the market growth favorably. Other factors, including rapid digitization, the rising partnership between businesses and airlines, the increasing trend for bleisure travel, continuous improvements in the airline, hospitality and tourism industries, and the development of meetings, incentives, conferences, and events (MICE) segment, are also positively influencing the market across India.

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://bit.ly/3OHFPDn

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
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.