Global Business Travel Market to grow at a CAGR of 5.11% during 2017-2021 - American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, Expedia

Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings. Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host a large number of international travelers on short breaks. Tourists usually have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from one tourist to another. For instance, some tourists prefer simple beach vacations, while others want family-oriented holidays at quieter resorts, uncommercialized places, or niche market-targeted destination hotels.

The global business travel market to grow at a CAGR of 5.11% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global business travel market for 2017-2021. To calculate the market size, the report considers the revenue generated from the business travel market by purpose, expenditure, and age.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Business Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- American Express Global Business Travel
- BCD Travel
- Carlson Wagonlit Travel
- Expedia
- Hogg Robinson Group
- Travel Leaders Group

Other prominent vendors
- Adelman Travel
- ADTRAV Travel Management
- ATG
- Frosch International Travel
- JTB Americas
- Omega World Travel
- Ovation Travel Group
- Priceline Group
- UNIGLOBE Travel International

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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