DUBLIN--(BUSINESS WIRE)--The "Business Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global business travel market is currently experiencing moderate growth. Looking forward, the global business travel market to grow at a CAGR of 7.6% during 2021-2026.
Business travel, also known as corporate travel, is a journey explicitly undertaken for work purposes or to expand business operations. It includes traveling to a different branch of the company, or to a different location to meet with suppliers and buyers, or for conferences and business events. In recent years, the rapidly globalizing world has accelerated the trend of business travel, which collectively includes client meetings, brand and product promotion, business expansion, and employee training and incentives.
The global market is primarily being influenced by the increasing digitization in the tourism and corporate sectors. In line with this, growing penetration of the Internet of Things (IoT) has enabled both the travelers and the travel operators to get things done swiftly and with ease.
Along with this, the virtual reality (VR) technology also provides better, efficient and personalized customer experiences, thus bolstering the market growth. Apart from this, the rising trend of Bleisure travel, which incorporates business with pleasure elements and offers leisure or recreational activities to relieve stress and improve work efficiency, has provided a positive thrust to the market.
Large-scale developments in the travel and tourism sector, an increase in small and medium enterprises (SMEs) and fast-paced globalization has led to a rise in the number of business travelers.
This, along with tie-ups of several corporate organizations with the leading business travel companies to provide customized collaborative spaces and team-building exercises, is acting as another major growth-inducing factor.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being
- 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
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Business Travel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Managed Business Travel
6.2 Unmanaged Business Travel
7 Market Breakup by Purpose Type
7.1 Marketing
7.2 Internal Meetings
7.3 Trade Shows
7.4 Product Launch
8 Market Breakup by Expenditure
8.1 Travel Fare
8.2 Lodging
8.3 Dining
9 Market Breakup by Age Group
9.1 Travelers Below 40 Years
9.2 Travelers Above 40 Years
10 Market Breakup by Service Type
10.1 Transportation
10.2 Food and Lodging
10.3 Recreational Activities
11 Market Breakup by Travel Type
11.1 Group Travel
11.2 Solo Travel
12 Market Breakup by End-User
12.1 Government
12.2 Corporate
13 Market Breakup by Region
14 SWOT Analysis
15 Value Chain Analysis
16 Porters Five Forces Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/miir82
