+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Business Travel Market 2021-2025

  • PDF Icon

    Report

  • 120 Pages
  • July 2021
  • Region: Global
  • TechNavio
  • ID: 5125632
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The publisher has been monitoring the business travel market and it is poised to grow by $ 1040.59 bn during 2021-2025, progressing at a CAGR of 23.06% during the forecast period. The report on the business travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing technological advances and digitalization of travel payments.

The business travel market analysis includes expenditure and application segments and geographic landscape.

The business travel market is segmented as below:


By Expenditure

  • Travel fare
  • Lodging
  • Dining
  • Others

By Application

  • Marketing
  • Internal meeting
  • Trade show
  • Product launch

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • South America
  • MEA

This study identifies the availability of business services in hotels as one of the prime reasons driving the business travel market growth during the next few years.

The report on business travel market covers the following areas:

  • Business travel market sizing
  • Business travel market forecast
  • Business travel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., BCD Travel Services BV, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

Executive Summary

  • Market overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Marketing - Market size and forecast 2020-2025
  • Internal meeting - Market size and forecast 2020-2025
  • Trade show - Market size and forecast 2020-2025
  • Product launch - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by Expenditure

  • Market segments
  • Comparison by Expenditure
  • Travel fare - Market size and forecast 2020-2025
  • Lodging - Market size and forecast 2020-2025
  • Dining - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Expenditure

Market Segmentation by Age

  • Market segments
  • Comparison by Age
  • Above 40 years - Market size and forecast 2020-2025
  • Below 40 years - Market size and forecast 2020-2025
  • Market opportunity by Age

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity By Geographical Landscape
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ADTRAV Corp.
  • Airbnb Inc.
  • BCD Travel Services BV
  • Booking Holdings Inc.
  • CWT Global BV
  • Egencia LLC
  • FROSCH International Travel Inc.
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel
  • Ovation Travel Group
  • Travel Leaders Group LLC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibits

  • Key Finding 1
  • Key Finding 2
  • Key Finding 3
  • Key Finding 5
  • Key Finding 6
  • Key Finding 7
  • Key Finding 8
  • Key Finding 9
  • Key Finding 10
  • Parent market
  • Market characteristics
  • Offerings of vendors included in the market definition
  • Market segments
  • Global - Market size and forecast 2020 - 2025 ($ billion)
  • Global market: Year-over-year growth 2020 - 2025 (%)
  • Five forces analysis 2020 & 2025
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition - Five forces 2020
  • Application - Market share 2020-2025 (%)
  • Comparison by Application
  • Marketing - Market size and forecast 2020-2025 ($ billion)
  • Marketing - Year-over-year growth 2020-2025 (%)
  • Internal meeting - Market size and forecast 2020-2025 ($ billion)
  • Internal meeting - Year-over-year growth 2020-2025 (%)
  • Trade show - Market size and forecast 2020-2025 ($ billion)
  • Trade show - Year-over-year growth 2020-2025 (%)
  • Product launch - Market size and forecast 2020-2025 ($ billion)
  • Product launch - Year-over-year growth 2020-2025 (%)
  • Market opportunity by Application
  • Expenditure - Market share 2020-2025 (%)
  • Comparison by Expenditure
  • Travel fare - Market size and forecast 2020-2025 ($ billion)
  • Travel fare - Year-over-year growth 2020-2025 (%)
  • Lodging - Market size and forecast 2020-2025 ($ billion)
  • Lodging - Year-over-year growth 2020-2025 (%)
  • Dining - Market size and forecast 2020-2025 ($ billion)
  • Dining - Year-over-year growth 2020-2025 (%)
  • Others - Market size and forecast 2020-2025 ($ billion)
  • Others - Year-over-year growth 2020-2025 (%)
  • Market opportunity by Expenditure
  • Age - Market share 2020-2025 (%)
  • Comparison by Age
  • Above 40 years - Market size and forecast 2020-2025 ($ billion)
  • Above 40 years - Year-over-year growth 2020-2025 (%)
  • Below 40 years - Market size and forecast 2020-2025 ($ billion)
  • Below 40 years - Year-over-year growth 2020-2025 (%)
  • Market opportunity by Age
  • Customer landscape
  • Market share By Geographical Landscape 2020-2025 (%)
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025 ($ billion)
  • APAC - Year-over-year growth 2020-2025 (%)
  • Europe - Market size and forecast 2020-2025 ($ billion)
  • Europe - Year-over-year growth 2020-2025 (%)
  • North America - Market size and forecast 2020-2025 ($ billion)
  • North America - Year-over-year growth 2020-2025 (%)
  • South America - Market size and forecast 2020-2025 ($ billion)
  • South America - Year-over-year growth 2020-2025 (%)
  • MEA - Market size and forecast 2020-2025 ($ billion)
  • MEA - Year-over-year growth 2020-2025 (%)
  • Key leading countries
  • Market opportunity By Geographical Landscape ($ billion)
  • Impact of drivers and challenges
  • Vendor landscape
  • Landscape disruption
  • Industry risks
  • Vendors covered
  • Market positioning of vendors
  • ADTRAV Corp. - Overview
  • ADTRAV Corp. - Product and service
  • ADTRAV Corp. - Key offerings
  • ADTRAV Corp. - Key customers
  • ADTRAV Corp. - Segment focus
  • Airbnb Inc. - Overview
  • Airbnb Inc. - Product and service
  • Airbnb Inc. - Key offerings
  • Airbnb Inc. - Key customers
  • Airbnb Inc. - Segment focus
  • BCD Travel Services BV - Overview
  • BCD Travel Services BV - Product and service
  • BCD Travel Services BV - Key offerings
  • BCD Travel Services BV - Key customers
  • BCD Travel Services BV - Segment focus
  • Booking Holdings Inc. - Overview
  • Booking Holdings Inc. - Business segments
  • Booking Holdings Inc. - Key offerings
  • Booking Holdings Inc. - Key customers
  • Booking Holdings Inc. - Segment focus
  • CWT Global BV - Overview
  • CWT Global BV - Product and service
  • CWT Global BV - Key offerings
  • CWT Global BV - Key customers
  • CWT Global BV - Segment focus
  • Egencia LLC - Overview
  • Egencia LLC - Product and service
  • Egencia LLC - Key offerings
  • Egencia LLC - Key customers
  • Egencia LLC - Segment focus
  • FROSCH International Travel Inc. - Overview
  • FROSCH International Travel Inc. - Business segments
  • FROSCH International Travel Inc. - Key offerings
  • FROSCH International Travel Inc. - Key customers
  • FROSCH International Travel Inc. - Segment focus
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Overview
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Product and service
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Key offerings
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Key customers
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Segment focus
  • Ovation Travel Group - Overview
  • Ovation Travel Group - Product and service
  • Ovation Travel Group - Key offerings
  • Ovation Travel Group - Key customers
  • Ovation Travel Group - Segment focus
  • Travel Leaders Group LLC - Overview
  • Travel Leaders Group LLC - Product and service
  • Travel Leaders Group LLC - Key offerings
  • Travel Leaders Group LLC - Key customers
  • Travel Leaders Group LLC - Segment focus
  • Currency conversion rates for US$
  • Research Methodology
  • Validation techniques employed for market sizing
  • Information sources
  • List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global business travel market: ADTRAV Corp., Airbnb Inc., BCD Travel Services BV, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is availability of business services in hotels.`

According to the report, one of the major drivers for this market is the growing technological advances.

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.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ADTRAV Corp.
  • Airbnb Inc.
  • BCD Travel Services BV
  • Booking Holdings Inc.
  • CWT Global BV
  • Egencia LLC
  • FROSCH International Travel Inc.
  • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel
  • Ovation Travel Group
  • Travel Leaders Group LLC