Press release
Global Business Travel Market Forcast To Grow At CAGR Of 5.11% Between 2017-2021
About Business Travel Market
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.
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Technavios analysts forecast the global business travel market to grow at a CAGR of 5.11% during the period 2017-2021.
Covered in this report
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.
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
Market driver
Growing technological advances
For a full, detailed list, view our report
Market challenge
Rising terrorist activities
For a full, detailed list, view our report
Market trend
Personalization of guest data
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by purpose
Global business travel market by purpose
Global business travel market by marketing
Global business travel market by internal meetings
Global business travel market by trade shows
Global business travel market by product launch
PART 07: Market segmentation by expenditure
Global business travel market by expenditure
Global business travel market by travel fare
Global business travel market by lodging
Global business travel market by dining
Global business travel market by others
PART 08: Market segmentation by age
Global business travel market by age
Global business travel market by travelers below 40 years
Global business travel market by travelers above 40 years
PART 09: Geographical segmentation
Global business travel market by region
Business travel market in APAC
Business travel market in EMEA
Business travel market in Americas
PART 10: Key leading countries
Business travel market in China
Business travel market in US
Business travel market in Germany
Business travel market in Japan
PART 11: Buying criteria
Service adoption criteria
PART 12: Decision framework
PART 13: Drivers and challenges
Market drivers
Market challenges
PART 14: Market trends
Growing preference of consumers to book through online travel agencies
Personalization of guest data
Growing demand for leisure travel
PART 15: Vendor landscape
Competitive scenario
Key vendors
Other prominent vendors
PART 16: Appendix
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