Business Travel Lodging Market Report 2026

The business travel lodging market size has grown strongly in recent years. It will grow from $392.1 billion in 2025 to $416.42 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth of corporate travel, expansion of multinational companies, demand for business-friendly amenities, rise of conferences and events, globalization of industries.

The business travel lodging market size is expected to see strong growth in the next few years. It will grow to $539.7 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to hybrid work adoption, growth of consulting and IT travel, demand for cost-optimized lodging, rise of extended business stays, digital booking integration. Major trends in the forecast period include rising demand for serviced apartments, growth of corporate booking platforms, preference for flexible and extended stays, expansion of budget and mid-scale lodging, integration of smart room technologies.

The expansion of the travel and tourism industries is expected to drive the growth of the business travel lodging market in the coming years. The travel and tourism industry encompasses a broad range of activities, services, and businesses associated with people traveling domestically or internationally, along with hospitality and related services. Business travel lodging located in tourism destinations offers several advantages to professionals, including convenient access to attractions, improved work-life balance, and opportunities for networking in a more relaxed environment. For example, in May 2023, according to UN Tourism, a Spain-based specialized agency of the United Nations focused on promoting accessible tourism, international tourist arrivals reached 80% of pre-pandemic levels in the first quarter of 2023. During this period, an estimated 235 million people traveled internationally, more than twice the number recorded during the same timeframe in 2022. Therefore, the growth of the travel and tourism industries is fueling the expansion of the business travel lodging market.

Major companies operating in the business travel lodging market are concentrating on the development of innovative solutions, such as AI-based lodging capabilities, to enhance accommodation management and guest experiences. AI-based lodging capabilities involve the use of artificial intelligence technologies to optimize and improve various aspects of lodging services. For instance, in August 2023, Sabre Corporation, a US-based travel technology company, introduced Sabre Travel AI, a lodging-focused AI solution designed to enhance lodging content services. By applying machine learning models, Sabre Travel AI analyzes property attributes, segments customer travel patterns, considers traveler and agency preferences, and delivers personalized lodging recommendations. These recommendations highlight accommodations with a higher likelihood of being booked based on data-driven insights.

In February 2023, Hyatt Hotels Corporation, a US-based hospitality company, acquired Dream Hotel Group for an undisclosed amount. Through this acquisition, Hyatt sought to accelerate its asset-light growth strategy while expanding its global lifestyle hotel portfolio by adding design-led, experience-focused brands that appeal to modern, high-value travelers. Dream Hotel Group is a US-based lifestyle hospitality company specializing in the development, management, and branding of boutique hotels recognized for progressive design, dynamic dining and nightlife concepts, and culturally immersive guest experiences across major urban and resort markets.

Major companies operating in the business travel lodging market are American Express Company, Marriott International Inc., Booking Holdings Inc., Hilton Worldwide Holdings Inc., Carlson Wagonlit Travel, Holiday Inn Express, Best Western International Inc., Radisson Hospitality AB, InterContinental Hotels Group, BCD Group, Hyatt Hotels Corporation, Accor SA, Pullman Hotels And Resorts, Wyndham Hotels And Resorts, Choice Hotels International Inc., Ritz Carlton Hotels LLC, Mandarin Oriental Hotel Group, Extended Stay America Inc., Fairmont Hotels And Resorts, Candlewood Suites, Travelers Haven, Novotel.

Asia-Pacific was the largest region in the business travel lodging market in 2025. The regions covered in the business travel lodging market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the business travel lodging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The business travel lodging market includes revenues earned by entities by providing services such as concierge services, corporate housing, conference centers accommodation, and travel management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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