Business Travel Market: Global Market Size, Forecast, Insights, and Competitive Landscape

Business Travel Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global business travel market is expected to grow at a CAGR of around 7.9% during 2023-2030. This report on global business travel market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global business travel market by segmenting the market based on type, purpose type, expenditure, age group, service type, travel type, end user and region. Also, detailed profiles of companies operating in the business travel market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Growing Penetration of the Internet of Things
• The Rising Trend of Leisure Travel
• Increasing Digitization in the Tourism and Corporate Sectors

Market Challenges

• Increase in the Advanced Technology
• Outbreak of COVID-19 Implementing Quarantine

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Type

• Managed Business Travel
• Unmanaged Business Travel

Market by Purpose Type

• Marketing
• Internal Meetings
• Trade Shows
• Product Launch
• Others

Market by Expenditure

• Travel Fare
• Lodging
• Dining
• Others

Market by Age Group

• Travellers Below 40 Years
• Travellers Above 40 Years

Market by Service Type

• Transportation
• Food and Lodging
• Recreational Activities
• Others

Market by Travel Type

• Group Travel
• Solo Travel

Market by End-User

• Government
• Corporate
• Others

Market by Region

• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
Rest of Middle East & Africa