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Global Business Travel Market (2022-2027) by Type, Purpose Type, Expenditure, Service Type, Industry, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis

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  • 180 Pages
  • April 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5601486
UP TO OFF until Dec 31st 2023
The Global Business Travel Market is estimated to be USD 706.14 Bn in 2022 and is projected to reach USD 1324.21 Bn by 2027, growing at a CAGR of 13.4%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Business Travel Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Business Travel Market is segmented based on Type, Purpose Type, Expenditure, Service Type, Industry, Traveler, and Geography.
  • By Type, the market is classified into Managed Business Travel and Unmanaged Business Travel.
  • By Purpose Type, the market is classified into Marketing, Internal Meetings, Trade Shows/ Conferences, and Product Launch.
  • By Expenditure, the market is classified into Travel Fare, Lodging, and Dining.
  • By Service Type, the market is classified into Transportation, Food & Lodging, and Recreation.
  • By Industry, the market is classified into Government and Corporate.
  • By Traveler, the market is classified into Group and Solo.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Airbnb, American Express, BCD Travel, Booking Holdings, Cain Travel, Carlson Wagonlit Travel, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Business Travel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Business Travel Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Business Travel Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Business Travel Market

What is the estimated value of the Global Business Travel Market?

The Global Business Travel Market was estimated to be valued at $706.14 Billion in 2022.

What is the growth rate of the Global Business Travel Market?

The growth rate of the Global Business Travel Market is 13.4%, with an estimated value of $1324.21 Billion by 2027.

What is the forecasted size of the Global Business Travel Market?

The Global Business Travel Market is estimated to be worth $1324.21 Billion by 2027.

Who are the key companies in the Global Business Travel Market?

Key companies in the Global Business Travel Market include Airbnb, American Express, BCD Travel, Booking Holdings, Cain Travel, Carlson Wagonlit Travel, Corporate Travel Management, Expedia, Fareportal and FCM Travel Solutions.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increases in Globalization
4.1.2 Rapid Growth of SMEs
4.1.3 Increase in Infrastructure Investments by Regional Governments
4.1.4 Development of Tourism Industry
4.2 Restraints
4.2.1 Expanded Adoption of Technology Such as Video Conferencing
4.3 Opportunities
4.3.1 IncreasIng Trend of Bleisure Travel
4.3.2 Large-Scale Developments in of Travel and Tourism Sector
4.4 Challenges
4.4.1 Channel Leakage, Privacy, and Security Concern
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Business Travel Market, By Type
6.1 Introduction
6.2 Managed Business Travel
6.3 Unmanaged Business Travel
7 Global Business Travel Market, By Purpose Type
7.1 Introduction
7.2 Marketing
7.3 Internal Meetings
7.4 Trade Shows/ Conferences
7.5 Product Launch
8 Global Business Travel Market, By Expenditure
8.1 Introduction
8.2 Travel Fare
8.3 Lodging
8.4 Dining
9 Global Business Travel Market, By Service Type
9.1 Introduction
9.2 Transportation
9.3 Food & Lodging
9.4 Recreation
10 Global Business Travel Market, By Industry
10.1 Introduction
10.2 Government
10.3 Corporate
11 Global Business Travel Market, By Traveler
11.1 Introduction
11.2 Group
11.3 Solo
12 Americas’ Business Travel Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe’s Business Travel Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Italy
13.9 Netherlands
13.10 Norway
13.11 Poland
13.12 Russia
13.13 Spain
13.14 Sweden
13.15 Switzerland
13.16 United Kingdom
13.17 Rest of Europe
14 Middle East and Africa’s Business Travel Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Qatar
14.5 Saudi Arabia
14.6 South Africa
14.7 United Arab Emirates
14.8 Rest of MEA
15 APAC’s Business Travel Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements
17 Company Profiles
17.1 Airbnb
17.2 American Express
17.3 BCD Travel
17.4 Booking Holdings
17.5 Cain Travel
17.6 Carlson Wagonlit Travel
17.7 Corporate Travel Management
17.8 Expedia
17.9 Fareportal
17.10 FCM Travel Solutions
17.11 Flight Centre Travel
17.12 International Travel House
17.13 Makemytrip
17.14 Priceline
17.15 Skywings
17.16 Travel Leaders
17.17 Wexas Travel
18 Appendix
18.1 Questionnaire

Companies Mentioned

  • Airbnb
  • American Express
  • BCD Travel
  • Booking Holdings
  • Cain Travel
  • Carlson Wagonlit Travel
  • Corporate Travel Management
  • Expedia
  • Fareportal
  • FCM Travel Solutions
  • Flight Centre Travel
  • International Travel House
  • Makemytrip
  • Priceline
  • Skywings
  • Travel Leaders