Press release
India Business Travel Market Size, Share, Growth, Business Opportunities and Industry Trends 2023-2028
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$ 35.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 59.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.71% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.๐๐๐๐ซ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐:
โข Base Year of the Analysis: 2022
โข Historical Period: 2017-2022
โข Forecast Period: 2023-2028
๐๐ง๐๐ข๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The introduction of new airlines is primarily driving the India business travel market. Additionally, the growing investments by public and private agencies for improving the travel infrastructures and continuous improvements in the airline, hospitality, and tourism industries are further catalyzing the market growth. Besides this, the rising penetration of high-speed internet connectivity, strategic collaborations between businesses and airlines, and the development of various online travel agencies (OTAs) are acting as significant growth-inducing factors. Moreover, the emerging trend of bleisure travel, which incorporates business with pleasure elements and offers leisure or recreational activities to relieve stress and improve work efficiency, is augmenting the market growth. Apart from this, the inflating popularity of business travel, as it facilitates cost tracking and control for organizations while helping the employees adhere to corporate T&E policies and generating mass savings via negotiated discounts, is also propelling the market growth across the country. Furthermore, the widespread adoption of advanced technologies, such as robotics and Virtual Reality (VR), for providing personalized experiences to consumers is expected to fuel the India business travel market in the coming years.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: 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.
Breakup by Type:
โข Managed Business Travel
โข Unmanaged Business Travel
Breakup by Purpose Type:
โข Marketing
โข Internal Meetings
โข Trade Shows
โข Product Launch
โข Others
Breakup by Expenditure:
โข Travel Fare
โข Lodging
โข Dining
โข Others
Breakup by Age Group:
โข Travelers Below 40 Years
โข Travelers Above 40 Years
Breakup by Service Type:
โข Transportation
โข Food and Lodging
โข Recreational Activities
โข Others
Breakup by Travel Type:
โข Group Travel
โข Solo Travel
Breakup by End User:
โข Government
โข Corporate
โข Others
Breakup by Region:
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
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Business travel represents the journey that is usually undertaken for work purposes, including business expansion, employee training and development, meetings and conferences, promotion of products and services, strengthening company relations, etc. It is generally paid by the organization via in-house travel departments and external service providers that include airfare and lodging, meals, transport services, expenses for communication devices, etc. In addition to this, business travel consists of numerous components, such as planning and booking, sourcing and procurement, account management, measuring and reporting, etc. Consequently, it is gaining extensive traction in India.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
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.
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
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.
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