Business Travel

Business Travel
Global Business Travel Market to Reach $928.4 Billion by 2030
The global market for Business Travel estimated at US$665.3 Billion in the year 2022, is projected to reach a revised size of US$928.4 Billion by 2030, growing at a CAGR of 4.3% over the period 2022-2030. Food & Lodging, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$509.8 Billion by the end of the analysis period. Growth in the Recreation segment is estimated at 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $238.4 Billion, While China is Forecast to Grow at 6.2% CAGR
The Business Travel market in the U.S. is estimated at US$238.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$59.2 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Select Competitors (Total 70 Featured) - Amadeus IT Group SAAkcine bendrove Lietuvos pastasATITECH S.p.A.1byone, Inc.ASCO Group LimitedAirbnb Inc.Amber Gold Sp. z o.o.Affinity Group LimitedAmira Enterprises Inc.Aurora Media Worldwide UK Ltd.APT Asia PacificA…bergs DataSystem ABAd Magic, Inc.Apricot Technologies LimitedAqualogy Services Company, S.A.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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