B2B Travel Market Next Big Thing | Major Giants Expedia Group, BCD Travel, Frosch, Carlson Wagonlit Travel

HTF MI recently introduced Global B2B Travel Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Expedia Group (United States), Booking Holdings (United States), Travel Leaders Group (United States), Carlson Wagonlit Travel (CWT) (United States), American Express Global Business Travel (United States), BCD Travel (Netherlands), Frosch (United States), SAP Concur (United States), Hogg Robinson Group (HRG) (United Kingdom), TripActions (United States).

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According to HTF Market Intelligence, the Global B2B Travel market is expected to grow from 1.6 Trillion USD in 2023 to 2.2 Trillion USD by 2030, with a CAGR of 5% from 2024 to 2030. The market is segmented by Global B2B Travel Market Breakdown by Application (Commercial, Industrial) by Type (Transportation, Travel Accommodation, Corporate Cab Service) by Industry Verticals (Automotive industry, Chemical industry, FMCG industry, Tourism industry, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Definition:
Business-to-business travel, or B2B travel, is the term for travel where services and transactions are carried out between businesses rather than between businesses and individual customers. This also includes travel plans that companies make for their staff members, such as corporate travel management, which takes care of flight reservations, lodging, vehicles, and travel insurance. Additionally, B2B travel services frequently entail specialist platforms or agencies that offer solutions like bulk bookings, negotiated rates, and customized itineraries to meet the specific needs of corporate clients. Travel technology solutions that make business travel planning and management easier, such booking systems and management software, are also included in this industry. B2B travel seeks to simplify and improve corporate travel procedures by concentrating on the unique needs of businesses.

Market Trends:
• N

Market Drivers:
• Growing globalization of groups and the growth of worldwide markets are primary elements riding the growth of the B2B travel industry

Market Opportunities:
• Growth of tour services into emerging markets and regions with developing industry hubs creates new avenues for market growth

Dominating Region:
Europe

Fastest-Growing Region:
Asia-Pacific

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of B2B Travel market segments by Types: Transportation, Travel Accommodation, Corporate Cab Service
Detailed analysis of B2B Travel market segments by Applications: Commercial, Industrial

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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B2B Travel Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global B2B Travel Market:
Chapter 01 - B2B Travel Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global B2B Travel Market - Pricing Analysis
Chapter 05 - Global B2B Travel Market Background or History
Chapter 06 - Global B2B Travel Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide B2B Travel Market
Chapter 08 - Global B2B Travel Market Structure & worth Analysis
Chapter 09 - Global B2B Travel Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - B2B Travel Market Research Methodology

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Ganesh (Senior Web Analyst)
HTF Market Intelligence Consulting Private Limited
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sales@htfmarketintelligence.com

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