At 8.1% CAGR, India Business Travel Market to Reach US$ 55.2 Billion by 2027, Says IMARC Group
According to IMARC Group's latest report, titled "๐๐ง๐๐ข๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", the India business travel market size reached US$ 31.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.2 Billion by 2027, exhibiting a growth rate (CAGR) of 8.1% during 2022-2027.Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
๐๐ง๐๐ข๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Stable economic growth and decreasing airfares, owing to the introduction of new airlines, are primarily driving the India business travel market. Additionally, the growing penetration of high-speed internet connectivity, the introduction of various online travel agencies (OTAs), the emerging trend for leisure travel, continuous improvements in the hospitality, airline, and tourism industries, and the development of incentives, conferences, meetings, and events (MICE) segment are further catalyzing the market growth. Besides this, numerous tie-ups of corporate organizations with the leading business travel providers to offer customized collaborative spaces and team-building exercises are acting as significant growth-inducing factors. Moreover, the rising business activities in sectors, including healthcare, pharmaceuticals, manufacturing, etc., and the increasing partnership between businesses and airlines are also propelling the market growth across India. Apart from this, the elevating investments by public and private agencies for improving the travel infrastructures are augmenting the market growth. Furthermore, the inflating popularity of advanced technologies, such as robotics and virtual reality (VR), for offering personalized customer experiences is anticipated to fuel the India business travel market over the forecasted period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ ๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/india-business-travel-market/requestsample
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has segmented the India business travel market based on type, purpose type, expenditure, age group, service type, travel type, end user and region.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฒ๐ฉ๐:
โข Managed Business Travel
โข Unmanaged Business Travel
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ ๐๐ฒ๐ฉ๐:
โข Marketing
โข Internal Meetings
โข Trade Shows
โข Product Launch
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐:
โข Travel Fare
โข Lodging
โข Dining
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ ๐ ๐๐ซ๐จ๐ฎ๐ฉ:
โข Travelers Below 40 Years
โข Travelers Above 40 Years
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ฒ๐ฉ๐:
โข Transportation
โข Food and Lodging
โข Recreational Activities
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐ฒ๐ฉ๐:
โข Group Travel
โข Solo Travel
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
โข Government
โข Corporate
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข North India
โข West and Central India
โข South India
โข East India
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐ ๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=3457&flag=C
Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Business travel represents the journey that is undertaken for work and business purposes. It is generally paid for by the employer via the in-house travel departments or external service providers. In line with this, business travel usually includes a wide array of components, such as planning and booking, sourcing and procurement, account management, measuring and reporting, etc. In India, business travel facilitates cost tracking and control for organizations while helping employees adhere to corporate T&E policies and generating mass savings through negotiated discounts.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐:
IMARC Group
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Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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.
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