The leading Business Travel Market analysis report consists of extensive study about diverse market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. Market segmentation is a significant parameter that categorizes the market depending upon application, vertical, deployment model, end-user, and geography etc. This report also provides CAGR value fluctuation in percentage during the forecast period of 2023-2030 for the market. Additionally, the widespread Business Travel Market research report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus.
The universal Business Travel Market report presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process. Such a great report has been prepared by a team of enthusiastic analysts, skilled researchers and experienced forecasters who work meticulously for the same. The research and studies associated with competitor analysis keeps competitive landscape clearly into the focus with which Business Travel Market industry can choose or advance their own strategies to thrive in the market. Expert solutions combined with potential capabilities prepare an international Business Travel Market survey report to be outperforming for the Business Travel Market industry.
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Living in an era, in which technology has taken us to advance levels of communication, then some people question for their need for business travel at all. Skype and Video conferencing are the fantastic source to communicate when the people working remotely, but when it comes to business crunching nobody quite beats the real life human interaction due to this increase the importance of business travel. Business travel is a partition of regular tourism in which people travel for a business related purpose. In this includes business work, entertainment, transportation, accommodation, and other activities. Global business travel industry is one of the major industries with global economic contribution.
Data Bridge Market Research analyses that the business travel market was valued at USD 1.46 billion in 2021 and is expected to reach USD 2.46 billion by 2029, registering a CAGR of 6.73 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Market Definition
Business or corporate travel is the tourism segment which focuses on the people who travel for professional purposes or work and the related tourism purposes. In this branch also includes the meeting sector, which refers to business congresses, trade fairs, events, conferences and exhibitions.
Some of the major players operating in the global business travel market are:
· ADEKA CORPORATION Airbnb, Inc. (U.S.)
· American Express Company (U.S.)
· BCD Group (Netherland)
· Booking Holdings (U.S.)
· CWT Solutions (U.S.)
· Corporate Travel Management (Australia)
· Expedia, Inc. (U.S.)
· Fareportal (U.S.)
· Flight Centre Travel Group Limited (formerly Flight Centre Limited) (U.S.)
· Wexas Travel (U.K.)
· Hogg Robinson Ltd (U.K.)
· Priceline (U.S.)
· Egencia LLC (U.S.)
· Frosch International Travel (U.K.)
· Ovation Travel Group (U.S.)
· Travel Leaders Group (U.S.)
Global Business Travel Market Dynamics
Drivers
· Rising Demand of Bleisure
Bleisure travel is the form of business + leisure. The growing trend of bleisure travel in which incorporates business offers leisure or recreational activities with pleasure elements to improve work efficiency and relieve stress. It has provided a positive growth to the market. The development of virtual reality for hotel bookings, smart hotels and personalization are all the aspects which are boosting the business travel market
· Increasing Digitization and Penetration Towards Internet of Things
The growing digitization is initially influencing the global business travel market in the corporate and tourism sectors. Also, rising penetration of the Internet of Things (IoT) has allowed both the travel operators and the travellers to get things done swiftly and in easy way. These factors are the major reason which are expected to drive the growth of the business travel market
Global Business Travel Market Scope
The business travel market is segmented on the basis of type, purpose, expenditure, age group, traveller, service and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Managed Business Travel
· Unmanaged Business Travel
Purpose
· Marketing
· Internal Meetings
· Trade Shows
· Product Launch
· Others
Expenditure
· Marketing Travel Fare
· Lodging
· Dining
· Others
Age Group
· Marketing Travel Fare Travelers Below 40 Years
· Travelers Above 40 Years
Traveller
· Group Travel
· Solo Travel
· Service
Service
· Food and Lodging
· Recreation Activity
Industry
· Government
· Corporate
The following is a versatile analysis of all the prominent reader queries addressed in the report. Based on these unique references, market players looking out for seamless market penetration can well design and implement high revenue generation business strategies.
- The report highlights Global Business Travel Market size and dimensions along with growth rate references feasible through the forecast span
- Key market growth initiators and factors influencing the growth
- Prominent vendors, stakeholders as well as their growth favoring business activities
- Crucial trend analysis and Porters Five forces description
- Novel growth opportunities and avenues steering systematic growth decisions in the global Business Travel Market
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-business-travel-market
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