Global Business Travel Market 2017-2021

  • ID: 4416666
  • Report
  • Region: Global
  • 79 pages
  • TechNavio
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FEATURED COMPANIES

  • Adelman Travel
  • ATG
  • Carlson Wagonlit Travel
  • Hogg Robinson Group
  • Omega World Travel
  • Priceline Group
  • MORE
About Business Travel

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 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
The 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.

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 drivers
  • Growing technological advances
  • For a full, detailed list, view the full report
Market challenges
  • Rising terrorist activities
  • For a full, detailed list, view the full report
Market trends
  • Personalization of guest data
  • For a full, detailed list, view the full 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 the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adelman Travel
  • ATG
  • Carlson Wagonlit Travel
  • Hogg Robinson Group
  • Omega World Travel
  • Priceline Group
  • MORE
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
  • List of abbreviations
List of Exhibits
Exhibit 01: Global business travel market: Overview
Exhibit 02: Global business travel market 2016-2021 ($ trillions)
Exhibit 03: Global business travel market by industry 2016 (% share of revenue)
Exhibit 04: Five forces analysis
Exhibit 05: Global business travel market share by purpose 2016-2021 (% share of revenue)
Exhibit 06: Global business travel market by marketing 2016-2021 ($ trillions)
Exhibit 07: Global business travel market by internal meetings 2016-2021 ($ trillions)
Exhibit 08: Global business travel market by trade shows 2016-2021 ($ trillions)
Exhibit 09: Global business travel market by product launch 2016-2021 ($ trillions)
Exhibit 10: Global business travel market share by expenditure 2016-2021 (% share of revenue)
Exhibit 11: Global business travel market by travel fare 2016-2021 ($ trillions)
Exhibit 12: Global business travel market by lodging 2016-2021 ($ trillions)
Exhibit 13: Global business travel market by dining 2016-2021 ($ trillions)
Exhibit 14: Global business travel market by others 2016-2021 ($ trillions)
Exhibit 15: Global business travel market by age 2016-2021 (% share of revenue)
Exhibit 16: Global business travel market by travelers below 40 years 2016-2021 ($ trillions)
Exhibit 17: Global business travel market by travelers above 40 years 2016-2021 ($ trillions)
Exhibit 18: Global business travel market by region 2016-2021 (% share of revenue)
Exhibit 19: Business travel market in APAC 2016-2021 ($ trillions)
Exhibit 20: Business travel market in EMEA 2016-2021 ($ trillions)
Exhibit 21: Business travel market in Americas 2016-2021 ($ trillions)
Exhibit 22: Key leading countries
Exhibit 23: Business travel market in China 2016-2021 ($ trillions)
Exhibit 24: Business travel market in US 2016-2021 ($ trillions)
Exhibit 25: Business travel market in Germany 2016-2021 ($ trillions)
Exhibit 26: Business travel market in Japan 2016-2021 ($ trillions)
Exhibit 27: Global business travel market: Service adoption criteria
Exhibit 28: American Express Global Business Travel: Product/service portfolio
Exhibit 29: BCD Travel: Product/service portfolio
Exhibit 30: Carlson Wagonlit Travel: Product/service portfolio
Exhibit 31: Expedia: brands
Exhibit 32: Travel Leaders Group: Brands
Exhibit 33: Other prominent vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adelman Travel
  • ATG
  • Carlson Wagonlit Travel
  • Hogg Robinson Group
  • Omega World Travel
  • Priceline Group
  • MORE
New Report Released: – Global Business Travel Market 2017-2021

The author of the report recognizes the following companies as the key players in the global business travel market: American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, Expedia, Hogg Robinson Group, and Travel Leaders Group

Other Prominent Vendors in the market are: Adelman Travel, ADTRAV Travel Management, ATG, Frosch International Travel, JTB Americas, Omega World Travel, Ovation Travel Group, Priceline Group, and UNIGLOBE Travel International.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Personalization of guest data. Hotels are coming up with innovative ideas and strategies to retain their market shares and provide guests with innovative services. For example, several hotels link their software with the social media profiles of the guests so that the rooms can be set as per the expectations of the guests. For instance, in December 2016, a beauty editor of Elle magazine arrived at the W St. Petersburg for a business meeting, and the hotel had personalized her room with her own range of scented candles.”

According to the report, one of the major drivers for this market is Growing technological advances. The business travel market relies on technologically advanced solutions that aid travel agents and their clients access the travel data; compare reservation options; and book the most efficient, economical, and comfortable option. Furthermore, advances in artificial intelligence (AI) have helped automate the travel booking process, eliminating the need to re-enter the employee travel preferences and, in turn, saving time and energy.

Further, the report states that one of the major factors hindering the growth of this market is Rising terrorist activities. An increase in the terrorist activities globally, especially since 2016, is hindering the growth of the global business travel market. In 2016 and early 2017, a number of popular business hubs like France and the UK were a target for terrorist attacks. In 2015, there were a series of coordinated terrorist attacks that took place in France. In January 2016, a police station was attacked in Paris, France. In June 2017, Islamic State of Iraq and Syria (ISIS) carried out a series of attacks in London, UK. Industries that directly get affected the most are hotels, airlines, and restaurants. Terrorism further leads to the rise in border clearance formalities, with delays and tighter inspections, making the travel for the employees tiresome.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • American Express Global Business Travel
  • BCD Travel
  • Carlson Wagonlit Travel
  • Expedia
  • Hogg Robinson Group
  • Travel Leaders Group
  • Adelman Travel
  • ADTRAV Travel Management
  • ATG
  • Frosch International Travel
  • JTB Americas
  • Omega World Travel
  • Ovation Travel Group
  • Priceline Group
  • UNIGLOBE Travel International
Note: Product cover images may vary from those shown
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