Global Business travel Market 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	204 Pages	TechNavio	January, 2025	INF19584562

Best Price Guarantee
Price	from $2,500
Length	204 Pages
Publisher	TechNavio
Published Date	January, 2025
SKU	INF19584562

Business Travel Market 2025-2029

The business travel market is forecasted to grow by USD 4867.6 billion during 2024-2029, accelerating at a CAGR of 38.3% during the forecast period. The report on the business travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing technological advances, digitalization of travel payments, and availability of business services in hotels.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's business travel market is segmented as below:

By Application

Marketing
Internal meeting
Trade show
Product launch

By Type

Travel fare
Lodging
Dining
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the growing preference of consumers to book through online travel agencies as one of the prime reasons driving the business travel market growth during the next few years. Also, personalization of guest data in hotels and growing demand for leisure travel will lead to sizable demand in the market.

The report on the business travel market covers the following areas:

Business Travel Market sizing
Business Travel Market forecast
Business Travel Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., American Express Global Business Travel GBT, ATG Travel Worldwide BV, BCD Travel Services BV, Booking Holdings Inc., Christopherson Business Travel, CWT Global BV, Direct Travel Inc., Fareportal Inc., FCM Travel Solutions, Flight Centre Travel Group Ltd., JPMorgan Chase and Co., JTBUSA Inc., MakeMyTrip Ltd., Omega World Travel Inc., Travel Leaders Group Holdings LLC, UNIGLOBE Travel International Limited Partnership, Walmart Inc., and WexasA Ltd.. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Data Table on Incremental Growth
Technavio Analysis
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Criticality of inputs and Factors of differentiation
- Factors of disruption
- Impact of drivers and challenges
Market Landscape
- Market ecosystem
  - Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2024
- Market outlook: Forecast for 2024-2029
  - Table Data Table on Global - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Historic Market Size
- Global Business Travel Market 2019 - 2023
  - Table Historic Market Size - Data Table on Global Business Travel Market 2019 - 2023 ($ billion)
- Application segment analysis 2019 - 2023
- Type segment analysis 2019 - 2023
- Geography segment analysis 2019 - 2023
- Country segment analysis 2019 - 2023
Qualitative Analysis
- Impact of AI on global business travel market
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
  - Table Data Table on Application - Market share 2024-2029 (%)
- Comparison by Application
  - Table Data Table on Comparison by Application
- Marketing - Market size and forecast 2024-2029
  - Table Data Table on Marketing - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Marketing - Year-over-year growth 2024-2029 (%)
- Internal meeting - Market size and forecast 2024-2029
  - Table Data Table on Internal meeting - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Internal meeting - Year-over-year growth 2024-2029 (%)
- Trade show - Market size and forecast 2024-2029
  - Table Data Table on Trade show - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Trade show - Year-over-year growth 2024-2029 (%)
- Product launch - Market size and forecast 2024-2029
  - Table Data Table on Product launch - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Product launch - Year-over-year growth 2024-2029 (%)
- Market opportunity by Application
  - Table Data Table on Market opportunity by Application ($ billion)
Market Segmentation by Type
- Market segments
  - Table Data Table on Type - Market share 2024-2029 (%)
- Comparison by Type
  - Table Data Table on Comparison by Type
- Travel fare - Market size and forecast 2024-2029
  - Table Data Table on Travel fare - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Travel fare - Year-over-year growth 2024-2029 (%)
- Lodging - Market size and forecast 2024-2029
  - Table Data Table on Lodging - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Lodging - Year-over-year growth 2024-2029 (%)
- Dining - Market size and forecast 2024-2029
  - Table Data Table on Dining - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Dining - Year-over-year growth 2024-2029 (%)
- Others - Market size and forecast 2024-2029
  - Table Data Table on Others - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Others - Year-over-year growth 2024-2029 (%)
- Market opportunity by Type
  - Table Data Table on Market opportunity by Type ($ billion)
Customer Landscape
- Customer landscape overview
Geographic Landscape
- Geographic segmentation
  - Table Data Table on Market share by geography 2024-2029 (%)
- Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2024-2029
  - Table Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Europe - Market size and forecast 2024-2029
  - Table Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Europe - Year-over-year growth 2024-2029 (%)
- North America - Market size and forecast 2024-2029
  - Table Data Table on North America - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on North America - Year-over-year growth 2024-2029 (%)
- South America - Market size and forecast 2024-2029
  - Table Data Table on South America - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on South America - Year-over-year growth 2024-2029 (%)
- Middle East and Africa - Market size and forecast 2024-2029
  - Table Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- US - Market size and forecast 2024-2029
  - Table Data Table on US - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on US - Year-over-year growth 2024-2029 (%)
- China - Market size and forecast 2024-2029
  - Table Data Table on China - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on China - Year-over-year growth 2024-2029 (%)
- Japan - Market size and forecast 2024-2029
  - Table Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Japan - Year-over-year growth 2024-2029 (%)
- Germany - Market size and forecast 2024-2029
  - Table Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Germany - Year-over-year growth 2024-2029 (%)
- India - Market size and forecast 2024-2029
  - Table Data Table on India - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on India - Year-over-year growth 2024-2029 (%)
- UK - Market size and forecast 2024-2029
  - Table Data Table on UK - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on UK - Year-over-year growth 2024-2029 (%)
- Canada - Market size and forecast 2024-2029
  - Table Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Canada - Year-over-year growth 2024-2029 (%)
- France - Market size and forecast 2024-2029
  - Table Data Table on France - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on France - Year-over-year growth 2024-2029 (%)
- Italy - Market size and forecast 2024-2029
  - Table Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Italy - Year-over-year growth 2024-2029 (%)
- Brazil - Market size and forecast 2024-2029
  - Table Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
  - Table Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- Market opportunity by geography
  - Table Data Tables on Market opportunity by geography ($ billion)
Drivers, Challenges, and Opportunity/Restraints
- Market drivers
  - Growing technological advances
  - Digitalization of travel payments
  - Availability of business services in hotels
- Market challenges
  - Rising penetration of online video conferencing platforms
  - Travel fatigue
  - Improper management of travel plans
- Impact of drivers and challenges
- Market opportunities/restraints
  - Growing preference of consumers to book through online travel agencies
  - Personalization of guest data in hotels
  - Growing demand for leisure travel
Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
Competitive Analysis
- Companies profiled
- Company ranking index
- Market positioning of companies
- ADTRAV Corp.
- Airbnb Inc.
- American Express Global Business Travel GBT
- ATG Travel Worldwide BV
- BCD Travel Services BV
- Booking Holdings Inc.
- Christopherson Business Travel
- CWT Global BV
- Direct Travel Inc.
- Fareportal Inc.
- Flight Centre Travel Group Ltd.
- JPMorgan Chase and Co.
- JTBUSA Inc.
- MakeMyTrip Ltd.
- Travel Leaders Group Holdings LLC
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations