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

  • ID: 5511045
  • Report
  • January 2021
  • Region: Global
  • 165 Pages
  • Prodture

FEATURED COMPANIES

  • Airbnb Inc.
  • American Express Company
  • BCD Travel
  • Booking Holdings Inc.
  • Expedia Group Inc.
  • Fareportal Inc.
The global business travel market is expected to grow at a CAGR of around 8.3% during 2021-2027. 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: 2020
  • Historical Period: 2016-2019
  • Forecast Period: 2021-2027

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
Frequently Asked Questions about the Business Travel Market

What is the estimated value of the Business Travel Market?

The Business Travel Market was estimated to be valued at $964.8 Billion in 2021.

What is the growth rate of the Business Travel Market?

The growth rate of the Business Travel Market is 8.3%, with an estimated value of $1560.1 Billion by 2027.

What is the forecasted size of the Business Travel Market?

The Business Travel Market is estimated to be worth $1560.1 Billion by 2027.

Who are the key companies in the Business Travel Market?

Key companies in the Business Travel Market include Airbnb Inc., American Express Company, BCD Travel, Booking Holdings Inc., Carlson Wagonlit Travel Inc., Expedia Group Inc., Fareportal Inc., Flight Centre Travel Group and Travel Leaders Group LLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Airbnb Inc.
  • American Express Company
  • BCD Travel
  • Booking Holdings Inc.
  • Expedia Group Inc.
  • Fareportal Inc.
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions

2. Key Insights

3. Global Business Travel Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges

4. Global Business Travel Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19

5. Global Business Travel Market by Type
5.1. Introduction
5.2. Managed Business Travel
5.3. Unmanaged Business Travel

6. Global Business Travel Market by Purpose Type
6.1. Introduction
6.2 Marketing
6.3 Internal Meetings
6.4 Trade Shows
6.5 Product Launch
6.6 Others

7. Global Business Travel Market by Expenditure
7.1. Introduction
7.2. Travel Fare
7.3. Lodging
7.4. Dining
7.5. Others

8. Global Business Travel Market by Age Group
8.1. Introduction
8.2. Travellers Below 40 Years
8.3. Travellers Above 40 Years

9. Global Business Travel Market by Service Type
9.1. Introduction
9.2. Transportation
9.3. Food and Lodging
9.4. Recreational Activities
9.5. Others

10. Global Business Travel Market by Travel Type
10.1. Introduction
10.2. Group Travel
10.3. Solo Travel

11. Global Business Travel Market by End User
11.1. Introduction
11.2. Government
11.3. Corporate
11.4. Others

12. Global Business Travel Market by Region
12.1 Introduction
12.2 Europe
12.2.1 Germany
12.2.2 United Kingdom
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Rest of the Europe
12.3 North America
12.3.1 United States
12.3.2 Canada
12.4 Asia Pacific
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Australia
12.4.6 Indonesia
12.4.7 Rest of the Asia Pacific
12.5 Latin America
12.5.1 Mexico
12.5.2 Brazil
12.5.3 Argentina
12.5.4 Rest of Latin America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 Turkey
12.6.3 Iran
12.6.4 Rest of Middle East & Africa

13. SWOT Analysis

14. Porter’s Five Forces

15. Market Value Chain Analysis

16. Competitive Landscape
16.1 Competitive Scenario
16.2 Company Profiles
16.2.1 Airbnb Inc.
16.2.2 American Express Company
16.2.3 BCD Travel
16.2.4 Booking Holdings Inc.
16.2.5 Carlson Wagonlit Travel Inc.
16.2.6 Expedia Group Inc.
16.2.7 Fareportal Inc.
16.2.8 Flight Centre Travel Group
16.2.9 Hogg Robinson Group
16.2.10 Travel Leaders Group LLC
16.2.11 Wexas Travel

List of Figures
Figure 1: Global Business Travel Market (in US$ Million), 2016-2020
Figure 2: Global Business Travel Market by Type, 2020
Figure 3: Global Business Travel Market by Purpose Type, 2020
Figure 4: Global Business Travel Market by Expenditure, 2020
Figure 5: Global Business Travel Market by Age Group, 2020
Figure 6: Global Business Travel Market by Service Type, 2020
Figure 7: Global Business Travel Market by Travel Type, 2020
Figure 8: Global Business Travel Market by End User, 2020
Figure 9: Global Business Travel Market by Region, 2020
Figure 10: Global Business Travel Market (in US$ Million), 2021-2027
Figure 11: Global Business Travel Market by Type (in %), 2020 & 2027
Figure 12: Global Managed Business Travel Market (in US$ Million), 2016-2020
Figure 13: Global Managed Business Travel Market (in US$ Million), 2021-2027
Figure 14: Global Unmanaged Business Travel Market (in US$ Million), 2016-2020
Figure 15: Global Unmanaged Business Travel Market (in US$ Million), 2021-2027
Figure 16: Global Business travel Market by Purpose Type (in %), 2020 & 2027
Figure 17: Global Marketing Business Travel Market (in US$ Million), 2016-2020
Figure 18: Global Marketing Business Travel Market (in US$ Million), 2021-2027
Figure 19: Global Internal Meetings Business Travel Market (in US$ Million), 2016-2020
Figure 20: Global Internal Meetings Business Travel Market (in US$ Million), 2021-2027
Figure 21: Global Trade Shows Business Travel Market (in US$ Million), 2016-2020
Figure 22: Global Trade Shows Business Travel Market (in US$ Million), 2021-2027
Figure 23: Global Product Launch Business Travel Market (in US$ Million), 2016-2020
Figure 24: Global Product Launch Business Travel Market (in US$ Million), 2021-2027
Figure 25: Global Others Business Travel Purpose Types Market (in US$ Million), 2016-2020
Figure 26: Global Others Business Travel Purpose Types Market (in US$ Million), 2021-2027
Figure 27: Global Business Travel Market by Expenditure (in %), 2020 & 2027
Figure 28: Global Travel Fare Business Travel Market (in US$ Million), 2016-2020
Figure 29: Global Travel Fare Business Travel Market (in US$ Million), 2021-2027
Figure 30: Global Lodging Business Travel Market (in US$ Million), 2016-2020
Figure 31: Global Lodging Business Travel Market (in US$ Million), 2021-2027
Figure 32: Global Dining Business Travel Market (in US$ Million), 2016-2020
Figure 33: Global Dining Business Travel Market (in US$ Million), 2021-2027
Figure 34: Global Other Expenditures Business Travel Market (in US$ Million), 2016-2020
Figure 35: Global Other Expenditure Business Travel Market (in US$ Million), 2021-2027
Figure 36: Global Business Travel Market by Age Group (in %), 2020 & 2027
Figure 37: Global Business Travellers Below 40 Years Market (in US$ Million), 2016-2020
Figure 38: Global Business Travellers Below 40 Years Market (in US$ Million), 2021-2027
Figure 39: Global Business Travellers Above 40 Years Market (in US$ Million), 2016-2020
Figure 40: Global Business Travellers Above 40 Years Market (in US$ Million), 2021-2027
Figure 41: Global Business Travel Market by Service Type (in %), 2020 & 2027
Figure 42: Global Transportation Business Travel Market (in US$ Million), 2016-2020
Figure 43: Global Transportation Business Travel Market (in US$ Million), 2021-2027
Figure 44: Global Food and Lodging Business Travel Market (in US$ Million), 2016-2020
Figure 45: Global Food and Lodging Business Travel Market (in US$ Million), 2021-2027
Figure 46: Global Recreational Activities Business Travel Market (in US$ Million), 2016-2020
Figure 47: Global Recreational Activities Business Travel Market (in US$ Million), 2021-2027
Figure 48: Global Other Service Types Market (in US$ Million), 2016-2020
Figure 49: Global Other Service Types Market (in US$ Million), 2021-2027
Figure 50: Global Business Travel Market by Travel Type (in %), 2020 & 2027
Figure 51: Global Business Group Travel Market (in US$ Million), 2016-2020
Figure 52: Global Business Group Travel Market (in US$ Million), 2021-2027
Figure 53: Global Business Solo Travel Market (in US$ Million), 2016-2020
Figure 54: Global Business Solo Travel Market (in US$ Million), 2021-2027
Figure 55: Global Business Travel Market by End-User (in %), 2020 & 2027
Figure 56: Global Government Business Travel Market (in US$ Million), 2016-2020
Figure 57: Global Government Business Travel Market (in US$ Million), 2021-2027
Figure 58: Global Corporate Business Travel Market (in US$ Million), 2016-2020
Figure 59: Global Corporate Business Travel Market (in US$ Million), 2021-2027
Figure 60: Global Other Travel Types Market (in US$ Million), 2016-2020
Figure 61: Global Other Travel Types Market (in US$ Million), 2021-2027
Figure 62: Global Business Travel Market by Region (in %), 2020 & 2027
Figure 63: Europe Business Travel Market (in US$ Million), 2016-2020
Figure 64: Europe Business Travel Market (in US$ Million), 2021-2027
Figure 65: Europe Business Travel Market by Country (in %), 2020 & 2027
Figure 66: Germany Business Travel Market (in US$ Million), 2016-2027
Figure 67: United Kingdom Business Travel Market (in US$ Million), 2016-2027
Figure 68: France Business Travel Market (in US$ Million), 2016-2027
Figure 69: Italy Business Travel Market (in US$ Million), 2016-2027
Figure 70: Spain Business Travel Market (in US$ Million), 2016-2027
Figure 71: Russia Business Travel Market (in US$ Million), 2016-2027
Figure 72: Netherlands Business Travel Market (in US$ Million), 2016-2027
Figure 73: North America Business Travel Market (in US$ Million), 2016-2020
Figure 74: North America Business Travel Market (in US$ Million), 2021-2027
Figure 75: North America Business Travel Market by Country (in %), 2020 & 2027
Figure 76: United States Business Travel Market (in US$ Million), 2016-2027
Figure 77: Canada Business Travel Market (in US$ Million), 2016-2027
Figure 78: Asia Pacific Business Travel Market (in US$ Million), 2016-2020
Figure 79: Asia Pacific Business Travel Market (in US$ Million), 2021-2027
Figure 80: Asia Pacific Business Travel Market by Country (in %), 2020 & 2027
Figure 81: China Business Travel Market (in US$ Million), 2016-2027
Figure 82: Japan Business Travel Market (in US$ Million), 2016-2027
Figure 83: India Business Travel Market (in US$ Million), 2016-2027
Figure 84: South Korea Business Travel Market (in US$ Million), 2016-2027
Figure 85: Australia Business Travel Market (in US$ Million), 2016-2027
Figure 86: Indonesia Business Travel Market (in US$ Million), 2016-2027
Figure 87: Latin America Business Travel Market (in US$ Million), 2016-2020
Figure 88: Latin America Business Travel Market (in US$ Million), 2021-2027
Figure 89: Latin America Business Travel Market by Country (in %), 2020 & 2027
Figure 90: Mexico Business Travel Market (in US$ Million), 2016-2027
Figure 91: Brazil Business Travel Market (in US$ Million), 2016-2027
Figure 92: Argentina Business Travel Market (in US$ Million), 2016-2027
Figure 93: Middle East & Africa Business Travel Market (in US$ Million), 2016-2020
Figure 94: Middle East & Africa Business Travel Market (in US$ Million), 2021-2027
Figure 95: Middle East & Africa Business Travel Market by Country (in %), 2020 & 2027
Figure 96: Saudi Arabia Business Travel Market (in US$ Million), 2016-2027
Figure 97: Turkey Business Travel Market (in US$ Million), 2016-2027
Figure 98: Iran Business Travel Market (in US$ Million), 2016-2027
Figure 99: Market Value Chain

List of Tables
Table 1: Global Business Travel Market Portraiture
Table 2: Global Business Travel Market by Type (in US$ Million), 2020 & 2027
Table 3: Global Business Travel Market by Purpose Type (in US$ Million), 2020 & 2027
Table 4: Global Business Travel Market by Expenditure (in US$ Million), 2020 & 2027
Table 5: Global Business Travel Market by Age Group (in US$ Million), 2020 & 2027
Table 6: Global Business Travel Market by Service Type (in US$ Million), 2020 & 2027
Table 7: Global Business Travel Market by Travel Type (in US$ Million), 2020 & 2027
Table 8: Global Business Travel Market by End User (in US$ Million), 2020 & 2027
Table 9: Global Business Travel Market by Region (in US$ Million), 2020 & 2027
Table 10: Europe Business Travel Market by Country (in US$ Million), 2020 & 2027
Table 11: North America Business Travel Market by Country (in US$ Million), 2020 & 2027
Table 12: Asia Pacific Business Travel Market by Country (in US$ Million), 2020 & 2027
Table 13: Latin America Business Travel Market by Country (in US$ Million), 2020 & 2027
Table 14: Middle East & Africa Business Travel Market by Country (in US$ Million), 2020 & 2027
Table 15: List of Key Players
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Airbnb Inc.
  • American Express Company
  • BCD Travel
  • Booking Holdings Inc.
  • Carlson Wagonlit Travel Inc.
  • Expedia Group Inc.
  • Fareportal Inc.
  • Flight Centre Travel Group
  • Hogg Robinson Group
  • Travel Leaders Group LLC
  • Wexas Travel
Note: Product cover images may vary from those shown

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