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Business Travel-Global Market Insights and Sales Trends 2025
Synopsis
Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings. Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host a large number of international travelers on short breaks. Tourists usually have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from one tourist to another. For instance, some tourists prefer simple beach vacations, while others want family-oriented holidays at quieter resorts, uncommercialized places, or niche market-targeted destination hotels.
The global Business Travel market size is expected to reach US$ 1489600 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Business Travel in various end use industries. The expanding demands from the Large Enterprises, SMEs and Government & Nonprofits,, are propelling Business Travel market. Consulting Services, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Transportation & Accommodation Management segment is estimated at % CAGR for the next seven-year period.
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Business Travel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Business Travel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Business Travel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Business Travel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Business Travel covered in this report include Corporate Travel Management (CTM), CWT, FCM Travel Solutions, Direct Travel, GBT, ARTA Travel, BCD Group, Business Tavel and Cain Travel & Events, etc.
The global Business Travel market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Corporate Travel Management (CTM)
CWT
FCM Travel Solutions
Direct Travel
GBT
ARTA Travel
BCD Group
Business Tavel
Cain Travel & Events
CorpTrav (FROSCH)
Enterprise Holdings
GTI Travel
JTB Business Travel
National Express
Radius Travel
Safe Harbors Business Travel
Teplis Travel Service
Global Business Travel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Business Travel market, Segment by Type:
Consulting Services
Transportation & Accommodation Management
Meetings & Events Management
Others
Global Business Travel market, by Application
Large Enterprises
SMEs
Government & Nonprofits
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Business Travel companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings. Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host a large number of international travelers on short breaks. Tourists usually have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from one tourist to another. For instance, some tourists prefer simple beach vacations, while others want family-oriented holidays at quieter resorts, uncommercialized places, or niche market-targeted destination hotels.
The global Business Travel market size is expected to reach US$ 1489600 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Business Travel in various end use industries. The expanding demands from the Large Enterprises, SMEs and Government & Nonprofits,, are propelling Business Travel market. Consulting Services, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Transportation & Accommodation Management segment is estimated at % CAGR for the next seven-year period.
In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Business Travel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Business Travel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Business Travel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Business Travel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Business Travel covered in this report include Corporate Travel Management (CTM), CWT, FCM Travel Solutions, Direct Travel, GBT, ARTA Travel, BCD Group, Business Tavel and Cain Travel & Events, etc.
The global Business Travel market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Corporate Travel Management (CTM)
CWT
FCM Travel Solutions
Direct Travel
GBT
ARTA Travel
BCD Group
Business Tavel
Cain Travel & Events
CorpTrav (FROSCH)
Enterprise Holdings
GTI Travel
JTB Business Travel
National Express
Radius Travel
Safe Harbors Business Travel
Teplis Travel Service
Global Business Travel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Business Travel market, Segment by Type:
Consulting Services
Transportation & Accommodation Management
Meetings & Events Management
Others
Global Business Travel market, by Application
Large Enterprises
SMEs
Government & Nonprofits
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Business Travel companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Business Travel
1.1 Business Travel Market Overview
1.1.1 Business Travel Product Scope
1.1.2 Business Travel Market Status and Outlook
1.2 Global Business Travel Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Business Travel Market Size by Region (2018-2029)
1.4 Global Business Travel Historic Market Size by Region (2018-2023)
1.5 Global Business Travel Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Business Travel Market Size (2018-2029)
1.6.1 North America Business Travel Market Size (2018-2029)
1.6.2 Europe Business Travel Market Size (2018-2029)
1.6.3 Asia-Pacific Business Travel Market Size (2018-2029)
1.6.4 Latin America Business Travel Market Size (2018-2029)
1.6.5 Middle East & Africa Business Travel Market Size (2018-2029)
2 Business Travel Market by Type
2.1 Introduction
2.1.1 Consulting Services
2.1.2 Transportation & Accommodation Management
2.1.3 Meetings & Events Management
2.1.4 Others
2.2 Global Business Travel Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Business Travel Historic Market Size by Type (2018-2023)
2.2.2 Global Business Travel Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Business Travel Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Business Travel Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Business Travel Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Business Travel Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Business Travel Revenue Breakdown by Type (2018-2029)
3 Business Travel Market Overview by Application
3.1 Introduction
3.1.1 Large Enterprises
3.1.2 SMEs
3.1.3 Government & Nonprofits
3.2 Global Business Travel Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Business Travel Historic Market Size by Application (2018-2023)
3.2.2 Global Business Travel Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Business Travel Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Business Travel Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Business Travel Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Business Travel Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Business Travel Revenue Breakdown by Application (2018-2029)
4 Business Travel Competition Analysis by Players
4.1 Global Business Travel Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Business Travel as of 2022)
4.3 Date of Key Players Enter into Business Travel Market
4.4 Global Top Players Business Travel Headquarters and Area Served
4.5 Key Players Business Travel Product Solution and Service
4.6 Competitive Status
4.6.1 Business Travel Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Corporate Travel Management (CTM)
5.1.1 Corporate Travel Management (CTM) Profile
5.1.2 Corporate Travel Management (CTM) Main Business
5.1.3 Corporate Travel Management (CTM) Business Travel Products, Services and Solutions
5.1.4 Corporate Travel Management (CTM) Business Travel Revenue (US$ Million) & (2018-2023)
5.1.5 Corporate Travel Management (CTM) Recent Developments
5.2 CWT
5.2.1 CWT Profile
5.2.2 CWT Main Business
5.2.3 CWT Business Travel Products, Services and Solutions
5.2.4 CWT Business Travel Revenue (US$ Million) & (2018-2023)
5.2.5 CWT Recent Developments
5.3 FCM Travel Solutions
5.3.1 FCM Travel Solutions Profile
5.3.2 FCM Travel Solutions Main Business
5.3.3 FCM Travel Solutions Business Travel Products, Services and Solutions
5.3.4 FCM Travel Solutions Business Travel Revenue (US$ Million) & (2018-2023)
5.3.5 Direct Travel Recent Developments
5.4 Direct Travel
5.4.1 Direct Travel Profile
5.4.2 Direct Travel Main Business
5.4.3 Direct Travel Business Travel Products, Services and Solutions
5.4.4 Direct Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.4.5 Direct Travel Recent Developments
5.5 GBT
5.5.1 GBT Profile
5.5.2 GBT Main Business
5.5.3 GBT Business Travel Products, Services and Solutions
5.5.4 GBT Business Travel Revenue (US$ Million) & (2018-2023)
5.5.5 GBT Recent Developments
5.6 ARTA Travel
5.6.1 ARTA Travel Profile
5.6.2 ARTA Travel Main Business
5.6.3 ARTA Travel Business Travel Products, Services and Solutions
5.6.4 ARTA Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.6.5 ARTA Travel Recent Developments
5.7 BCD Group
5.7.1 BCD Group Profile
5.7.2 BCD Group Main Business
5.7.3 BCD Group Business Travel Products, Services and Solutions
5.7.4 BCD Group Business Travel Revenue (US$ Million) & (2018-2023)
5.7.5 BCD Group Recent Developments
5.8 Business Tavel
5.8.1 Business Tavel Profile
5.8.2 Business Tavel Main Business
5.8.3 Business Tavel Business Travel Products, Services and Solutions
5.8.4 Business Tavel Business Travel Revenue (US$ Million) & (2018-2023)
5.8.5 Business Tavel Recent Developments
5.9 Cain Travel & Events
5.9.1 Cain Travel & Events Profile
5.9.2 Cain Travel & Events Main Business
5.9.3 Cain Travel & Events Business Travel Products, Services and Solutions
5.9.4 Cain Travel & Events Business Travel Revenue (US$ Million) & (2018-2023)
5.9.5 Cain Travel & Events Recent Developments
5.10 CorpTrav (FROSCH)
5.10.1 CorpTrav (FROSCH) Profile
5.10.2 CorpTrav (FROSCH) Main Business
5.10.3 CorpTrav (FROSCH) Business Travel Products, Services and Solutions
5.10.4 CorpTrav (FROSCH) Business Travel Revenue (US$ Million) & (2018-2023)
5.10.5 CorpTrav (FROSCH) Recent Developments
5.11 Enterprise Holdings
5.11.1 Enterprise Holdings Profile
5.11.2 Enterprise Holdings Main Business
5.11.3 Enterprise Holdings Business Travel Products, Services and Solutions
5.11.4 Enterprise Holdings Business Travel Revenue (US$ Million) & (2018-2023)
5.11.5 Enterprise Holdings Recent Developments
5.12 GTI Travel
5.12.1 GTI Travel Profile
5.12.2 GTI Travel Main Business
5.12.3 GTI Travel Business Travel Products, Services and Solutions
5.12.4 GTI Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.12.5 GTI Travel Recent Developments
5.13 JTB Business Travel
5.13.1 JTB Business Travel Profile
5.13.2 JTB Business Travel Main Business
5.13.3 JTB Business Travel Business Travel Products, Services and Solutions
5.13.4 JTB Business Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.13.5 JTB Business Travel Recent Developments
5.14 National Express
5.14.1 National Express Profile
5.14.2 National Express Main Business
5.14.3 National Express Business Travel Products, Services and Solutions
5.14.4 National Express Business Travel Revenue (US$ Million) & (2018-2023)
5.14.5 National Express Recent Developments
5.15 Radius Travel
5.15.1 Radius Travel Profile
5.15.2 Radius Travel Main Business
5.15.3 Radius Travel Business Travel Products, Services and Solutions
5.15.4 Radius Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.15.5 Radius Travel Recent Developments
5.16 Safe Harbors Business Travel
5.16.1 Safe Harbors Business Travel Profile
5.16.2 Safe Harbors Business Travel Main Business
5.16.3 Safe Harbors Business Travel Business Travel Products, Services and Solutions
5.16.4 Safe Harbors Business Travel Business Travel Revenue (US$ Million) & (2018-2023)
5.16.5 Safe Harbors Business Travel Recent Developments
5.17 Teplis Travel Service
5.17.1 Teplis Travel Service Profile
5.17.2 Teplis Travel Service Main Business
5.17.3 Teplis Travel Service Business Travel Products, Services and Solutions
5.17.4 Teplis Travel Service Business Travel Revenue (US$ Million) & (2018-2023)
5.17.5 Teplis Travel Service Recent Developments
6 North America
6.1 North America Business Travel Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Business Travel Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Business Travel Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Business Travel Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Business Travel Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Business Travel Market Dynamics
11.1 Business Travel Industry Trends
11.2 Business Travel Market Drivers
11.3 Business Travel Market Challenges
11.4 Business Travel Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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