The Global Business Travel Market size, share, key players, growth, industry forecast by service, industry, traveller and regional analysis report to 2028
Business Travel Market Report has recently added by Value Market Research, this surveillance report establishing the facts based on current scenarios, historical records from 2021 to future forecast upto 2028. This report explicit data of various outlook such as market share, size, growth rates, and industry opportunities and offering an economical advantage for business success. It furnish the 360-degree overview of the competitive landscape of the global industries. Porter’s Five Forces Model analysis has been used to understand the industry’s structure, strength, weaknesses, opportunities, threats and challenges in front of the businesses. Moreover, the report also highlights a sudden occurrence of COVID-19 impact on Business Travel market to improve future capacities and other developments.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the business travel market include Airbnb, Inc., American Express, BCD Group, Booking Holdings, Inc., Carlson Wagonlit Travel, Corporate Travel Management, Expedia, Inc., Fareportal, Flight Centre Travel Group Limited, and Wexas Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The global business travel market is primarily driven by an increase in travel and tourism and the rapid development of businesses around the world. When it comes to business travel, which includes domestic and international trips taken by employees or associations, emerging countries are the fastest growing business travel market. The advancement of business globalization and the continued growth of SMEs support market growth. Besides, regional governments' increased infrastructure investments and accelerated growth in the retail travel market are expected to fuel international market growth. Spending on business travel is notably increasing in recent years. The younger generation's influx into the business travel market is combining leisure time with business trips further, adding to the development of the market. However, the increased use of advanced technology such as video conferencing, which is less expensive and takes less time than travelling, impedes the market growth. In addition, the pandemic restricted the movements of people, therefore, negatively affecting the travel market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of business travel. The growth and trends of business travel industry provide a holistic approach to this study.
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Market Segmentation
This section of the business travel market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service
By Industry
By Traveller
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Business Travel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Dec 15, 2022
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