Latin America Business Travel Market Size To Hit US$ 66.7 Billion By 2028 | IMARC Group

The latest report published by IMARC Group, titled "Latin America Business Travel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The Latin America business travel market size reached US$ 43.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/latin-america-business-travel-market/requestsample

Latin America Business Travel Market Trends:

The increasing focus on international trade to attend shows, exhibitions, and other business events represents one of the key factors driving the market growth across the region. In line with this, significant economic growth of various countries in Latin America, along with the increase in business activities, trade, and investment is contributing to the growth of the market. In addition to this, many multinational companies are expanding their operations in Latin America, which, in turn, is driving the market growth. The market is also driven by the expanding tourism industry, coupled with the increasing development of better infrastructure and services. Apart from this, the favorable government initiatives to promote foreign investment and business travel, including visa relaxations, tax incentives, and business-friendly policies are creating a positive outlook for the market.

Key Market Segmentation:

The report has segmented the Latin America business travel market based on type, purpose type, expenditure, age group, service type, travel type, end user and country.

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 Country:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape With Key Players:

The competitive landscape of the Latin America 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=3458&flag=C

Industry Definition and Application:

Business travel refers to the act of traveling for business purposes, such as attending meetings, conferences, and trade shows, or performing job-related tasks in different locations. Business travel can be domestic or international and can involve various modes of transportation, such as air, train, or car. It is a common practice in many industries, including finance, sales, marketing, and consulting, enabling professionals to expand their network, develop new business opportunities, and gain exposure to different cultures and markets. It is often considered as an essential part of business operations, enabling companies to maintain and grow their businesses by connecting with clients and partners in various locations.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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