Business Travel Market
Business Travel Market - Global Industry Assessment & Forecast
Segments Covered
- By Service Transportation, Food & Lodging, Recreation
- By Industry Government, Corporate
- By Traveler Group, Solo
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 742.9 Billion |
Revenue 2030: | USD 1964.1 Billion |
Revenue CAGR (2023 - 2030): | 14.9% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Business Travel Market - Segment Analysis
- Overview
- Global Business Travel Market, 2016 - 2028 (USD Million)
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Global Business Travel Market - by Service
- By Transportation
- By Food & Lodging
- By Recreation
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Global Business Travel Market - by Industry
- By Government
- By Corporate
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Global Business Travel Market - by Traveler
- By Group
- By Solo
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Global Business Travel Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Business Travel Market - Segment Analysis
- Overview
- North America Business Travel Market, 2016 - 2028 (USD Million)
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North America Business Travel Market, by Service
- By Transportation
- By Food & Lodging
- By Recreation
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North America Business Travel Market, by Industry
- By Government
- By Corporate
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North America Business Travel Market, by Traveler
- By Group
- By Solo
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North America Business Travel Market, by Country
- U.S.
- U.S. Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- U.S. Business Travel Market, By Industry
- By Government
- By Corporate
- U.S. Business Travel Market, By Traveler
- By Group
- By Solo
- U.S. Business Travel Market, By Service
- Canada
- Canada Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Canada Business Travel Market, By Industry
- By Government
- By Corporate
- Canada Business Travel Market, By Traveler
- By Group
- By Solo
- Canada Business Travel Market, By Service
- Mexico
- Mexico Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Mexico Business Travel Market, By Industry
- By Government
- By Corporate
- Mexico Business Travel Market, By Traveler
- By Group
- By Solo
- Mexico Business Travel Market, By Service
- U.S.
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Europe Business Travel Market - Segment Analysis
- Overview
- Europe Business Travel Market, 2016 - 2028 (USD Million)
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Europe Business Travel Market, by Service
- By Transportation
- By Food & Lodging
- By Recreation
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Europe Business Travel Market, by Industry
- By Government
- By Corporate
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Europe Business Travel Market, by Traveler
- By Group
- By Solo
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Europe Business Travel Market, by Country
- Germany
- Germany Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Germany Business Travel Market, By Industry
- By Government
- By Corporate
- Germany Business Travel Market, By Traveler
- By Group
- By Solo
- Germany Business Travel Market, By Service
- UK
- UK Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- UK Market, By Industry
- By Government
- By Corporate
- UK Market, By Traveler
- By Group
- By Solo
- UK Market, By Service
- France
- France Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- France Business Travel Market, By Industry
- By Government
- By Corporate
- France Business Travel Market, By Traveler
- By Group
- By Solo
- France Business Travel Market, By Service
- Spain
- Spain Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Spain Business Travel Market, By Industry
- By Government
- By Corporate
- Spain Business Travel Market, By Traveler
- By Group
- By Solo
- Spain Business Travel Market, By Service
- Italy
- Italy Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Italy Business Travel Market, By Industry
- By Government
- By Corporate
- Italy Business Travel Market, By Traveler
- By Group
- By Solo
- Italy Business Travel Market, By Service
- BENELUX
- BENELUX Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- BENELUX Business Travel Market, By Industry
- By Government
- By Corporate
- BENELUX Business Travel Market, By Traveler
- By Group
- By Solo
- BENELUX Business Travel Market, By Service
- Rest of Europe
- Rest Of Europe Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Rest Of Europe Business Travel Market, By Industry
- By Government
- By Corporate
- Rest Of Europe Business Travel Market, By Traveler
- By Group
- By Solo
- Rest Of Europe Business Travel Market, By Service
- Germany
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Asia Pacific Business Travel Market - Segment Analysis
- Overview
- Asia Pacific Business Travel Market, 2016 - 2028 (USD Million)
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Asia Pacific Business Travel Market, by Service
- By Transportation
- By Food & Lodging
- By Recreation
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Asia Pacific Business Travel Market, by Industry
- By Government
- By Corporate
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Asia Pacific Business Travel Market, by Traveler
- By Group
- By Solo
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Asia Pacific Business Travel Market, by Country
- China
- China Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- China Business Travel Market, By Industry
- By Government
- By Corporate
- China Business Travel Market, By Traveler
- By Group
- By Solo
- China Business Travel Market, By Service
- Japan
- Japan Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Japan Business Travel Market, By Industry
- By Government
- By Corporate
- Japan Business Travel Market, By Traveler
- By Group
- By Solo
- Japan Business Travel Market, By Service
- India
- India Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- India Business Travel Market, By Industry
- By Government
- By Corporate
- India Business Travel Market, By Traveler
- By Group
- By Solo
- India Business Travel Market, By Service
- South Korea
- South Korea Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- South Korea Business Travel Market, By Industry
- By Government
- By Corporate
- South Korea Business Travel Market, By Traveler
- By Group
- By Solo
- South Korea Business Travel Market, By Service
- South East Asia
- South East Asia Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- South East Asia Business Travel Market, By Industry
- By Government
- By Corporate
- South East Asia Business Travel Market, By Traveler
- By Group
- By Solo
- South East Asia Business Travel Market, By Service
- Rest of Asia Pacific
- Rest of Asia Pacific Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Rest of Asia Pacific Business Travel Market, By Industry
- By Government
- By Corporate
- Rest of Asia Pacific Business Travel Market, By Traveler
- By Group
- By Solo
- Rest of Asia Pacific Business Travel Market, By Service
- China
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Latin America Business Travel Market - Segment Analysis
- Overview
- Latin America Business Travel Market, 2016 - 2028 (USD Million)
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Latin America Business Travel Market, by Service
- By Transportation
- By Food & Lodging
- By Recreation
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Latin America Business Travel Market, by Industry
- By Government
- By Corporate
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Latin America Business Travel Market, by Traveler
- By Group
- By Solo
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Latin America Business Travel Market, by Country
- Brazil
- Brazil Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Brazil Business Travel Market, By Industry
- By Government
- By Corporate
- Brazil Business Travel Market, By Traveler
- By Group
- By Solo
- Brazil Business Travel Market, By Service
- Argentina
- Argentina Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Argentina Business Travel Market, By Industry
- By Government
- By Corporate
- Argentina Business Travel Market, By Traveler
- By Group
- By Solo
- Argentina Business Travel Market, By Service
- Rest of Latin America
- Rest of Latin America Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Rest of Latin America Business Travel Market, By Industry
- By Government
- By Corporate
- Rest of Latin America Business Travel Market, By Traveler
- By Group
- By Solo
- Rest of Latin America Business Travel Market, By Service
- Brazil
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Middle East & Africa Business Travel Market - Segment Analysis
- Overview
- Middle East & Africa Business Travel Market, 2016 - 2028 (USD Million)
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Middle East & Africa Business Travel Market, by Service
- By Transportation
- By Food & Lodging
- By Recreation
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Middle East & Africa Business Travel Market, by Industry
- By Government
- By Corporate
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Middle East & Africa Business Travel Market, by Traveler
- By Group
- By Solo
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Middle East & Africa Business Travel Market, by Country
- GCC Countries
- GCC Countries Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- GCC Countries Business Travel Market, By Industry
- By Government
- By Corporate
- GCC Countries Business Travel Market, By Traveler
- By Group
- By Solo
- GCC Countries Business Travel Market, By Service
- South Africa
- South Africa Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- South Africa Business Travel Market, By Industry
- By Government
- By Corporate
- South Africa Business Travel Market, By Traveler
- By Group
- By Solo
- South Africa Business Travel Market, By Service
- Rest of Middle East & Africa
- Rest of Middle East & Africa Business Travel Market, By Service
- By Transportation
- By Food & Lodging
- By Recreation
- Rest of Middle East & Africa Business Travel Market, By Industry
- By Government
- By Corporate
- Rest of Middle East & Africa Business Travel Market, By Traveler
- By Group
- By Solo
- Rest of Middle East & Africa Business Travel Market, By Service
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- Airbnb Inc. (U.S.)
- American Express Company (U.S.)
- BCD Group (BCD TRAVEL) (Netherlands)
- Booking Holdings Inc. (U.S.)
- Carlson Wagonlit Travel (CWT) (U.S.)
- Corporate Travel Management (Australia)
- Expedia Inc. (U.S.)
- FAREPORTAL Inc. (U.S.)
- Flight Centre Travel Group Ltd. (Australia)
- Wexas Ltd. (UK)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Business Travel in terms of revenue?
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The global Business Travel valued at USD 742.9 Billion in 2022 and is expected to reach USD 1964.1 Billion in 2030 growing at a CAGR of 14.9%.
Which are the prominent players in the market?
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The prominent players in the market are Airbnb Inc. (U.S.), American Express Company (U.S.), BCD Group (BCD TRAVEL) (Netherlands), Booking Holdings Inc. (U.S.), Carlson Wagonlit Travel (CWT) (U.S.), Corporate Travel Management (Australia), Expedia Inc. (U.S.), FAREPORTAL Inc. (U.S.), Flight Centre Travel Group Ltd. (Australia), Wexas Ltd. (UK).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 14.9% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Business Travel include
- Rising demand of bleisure
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Business Travel in 2022.