Global Business Travel Market Growth (Status and Outlook) 2025-2031

The global Business Travel market size is predicted to grow from US$ 16910 million in 2025 to US$ 24850 million in 2031; it is expected to grow at a CAGR of 6.6% from 2025 to 2031.

Business travel refers to journeys undertaken for business or professional purposes rather than for leisure or recreational purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings.

It involves individuals traveling to different locations to conduct work-related activities, attend meetings, conferences, training sessions, or engage in other business-related tasks. Business travel is common across various industries and is an integral part of the global business landscape.

Core global Business Travel providers include Amex GBT, BCD Group and JTB Business Travel Solutions. The top three companies have a market share of about 27 percent. In terms of product type, Transportation & Accommodation is the largest segment with approximately 61% market share. In terms of application, SMEs are the largest downstream segment, accounting for about 64% of the market.

LPI (LP Information)' newest research report, the “Business Travel Industry Forecast” looks at past sales and reviews total world Business Travel sales in 2024, providing a comprehensive analysis by region and market sector of projected Business Travel sales for 2025 through 2031. With Business Travel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business Travel industry.

This Insight Report provides a comprehensive analysis of the global Business Travel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Business Travel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business Travel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business Travel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business Travel.

This report presents a comprehensive overview, market shares, and growth opportunities of Business Travel market by product type, application, key players and key regions and countries.

Segmentation by Type:
Transportation & Accommodation
Meetings & Events Management
Consulting Services
Others

Segmentation by Application:
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.