Press release
Business Travel Market is projected to grow at a CAGR of 7.6% from 2024 to 2030, as per Maximize Market Research
Business Travel Market, Business Travel Market Size, Business Travel Market Share,
Business Travel Market Overview
Globalization and technology driving the Business Travel Market
Business travel is in higher demand due to the growing globalization of businesses and the emergence of a knowledge-based economy. New technologies and the digitization of the economy are allowing businesses to operate more efficiently and effectively across borders.
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Millennial travel creating new opportunities in the Business Travel Market
The rise in mobile technology usage has led to the emergence of online travel agencies and mobile applications, offering travelers instant access to travel resources and utilities. This trend is generating fresh prospects for travel service providers, particularly in the realms of leisure travel (combining business and leisure) and millennial travel.
Asia Pacific showing highest growth rate
The business travel market in the Asia Pacific region is projected to experience substantial expansion due to an increase in the number of business travelers, especially in nations like China and India. One of the primary markets for business travel is Europe, drawing in a significant amount of international and domestic business travelers. Several major business hubs, like London, Paris, and Frankfurt, are located in the region and attract a substantial number of business travelers from across the globe.
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Remote work culture may challenge the Business Travel Market
In light of the pandemic, a lot of companies have implemented remote work guidelines, and virtual meetings are now commonplace. As a result, there is less demand for business travel since numerous meetings can be held over the internet.
In recent news
1/10/2024, BTN Group announces launch of Business Travel Show America
30/9/2024, Saudia partners with QuadLabs to power the B2B Business Travel Solution
30/9/2024, Google teams up with Sabre for pilot programme to reduce environmental impact of business travel
24/9/2024, The winners of the Business Travel Awards Europe 2024 were announced at a gala dinner in London on 24 September,
3/9/2024, Yatra doubles down on corporate travel with the acquisition of Globe Travels
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Business Travel Market Segmentation
by Service
Transportation
Food & Lodging
Recreation
by Industry
Government
Corporate
Business Travel Market Key Players
North America
American Express Global Business Travel
Carlson Wagonlit Travel
BCD travels
Egencia
Direct Travel
Frosch International Travel
Omega World Travel
Ovation Travel Group
Uniglobe Travel International
Europe
Hogg Robinson Group
BCD Meetings and Events
Reed & Mackay
APAC
Flight Centre Travel Group
Corporate Travel Management
South America
TMCs (travel management companies)
Key questions answered in the Business Travel Market are:
What is the size of the corporate travel industry?
What is the growth rate of the corporate travel market?
Which sector held the highest market share in corporate travel?
Who are the main players in the corporate travel industry?
What are the factors that propel the corporate travel market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/business-travel-market/190551/
Key Offerings:
Past Business Travel Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Business Travel Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Business Travel Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Business Travel Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
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