Business Travel Market Industry Overview, Growth Rate and Forecast 2022-2027

1. Global Business Travel Market Research and Forecast Report 2022- 2027 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Business Travel Market Research Report2022-2027: The latest report by IMARC Group, titled “Business Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global business travel market is expected to reach US$ 1.5 Trillion by 2027, exhibiting a CAGR of 7.88% during 2022-2027. Business travel, or corporate travel, refers to domestic or international travel carried out for work or business purposes on behalf of a company or organization. It involves traveling for business conferences or events and to different locations or branches of a company to meet with buyers or suppliers. It also includes other activities, such as brand promotion, meeting clients, new market assessment, project site evaluation, and employee training programs. In recent years, business travel has gained immense popularity across the globe as it helps improve business prospects and aids in business expansion. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Request for a PDF sample of this report: market/requestsample https://www.imarcgroup.com/business-travel-

4. Report Description and Highlights Report Description Global Business Travel Market Trends: The rising digitization in the tourism and corporate sectors and rapid globalization represent the primary factors driving the market growth. Besides this, the emerging trend of Bleisure travel that incorporates business with pleasure elements, such as leisure or recreational activities, for relieving stress and improving work efficiency is another major growth-inducing factor. Additionally, the widespread adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR), to automate the process has facilitated smooth operations for both travelers and travel operators. Along with this, the escalating demand for enhanced, efficient, and personalized customer experiences has propelled the market growth. Furthermore, several corporate organizations are entering into tie- ups with the leading travel companies to offer customized collaborative spaces and team-building exercises, thereby contributing to the market growth. Other factors, including the growing penetration of high-speed internet for easy travel and bookings, rising number of small and medium enterprises (SMEs), developments in the travel and tourism sector, increased business activities, and technological advancements, are also creating a favorable market outlook..

5. Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: Breakup by Type: • Managed Business Travel • Unmanaged Business Travel Breakup by Purpose Type: • Marketing • Internal Meetings • Trade Shows • Product Launch • Others Breakup by Expenditure: • Travel Fare • Lodging • Dining • Others

6. Report Description and Highlights Report Description Breakup by Age Group: • Travelers Below 40 Years • Travelers Above 40 Years Breakup by Service Type: • Transportation • Food and Lodging • Recreational Activities • Others Breakup by Travel Type: • Group Travel • Solo Travel Breakup by End-User: • Government • Corporate • Others

7. Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Competitive Landscape: • Airbnb Inc. • American Express Company • BCD Travel • Booking Holdings Inc. • Carlson Wagonlit Travel Inc. • Expedia Group Inc. • Fareportal Inc. • Flight Centre Travel Group • Hogg Robinson Group • Travel Leaders Group LLC • Wexas Ltd. etc.

8. Key Questions Answered in the Report Report Description 1. What is the expected growth rate of the global business travel market during 2022-2027? 2. What are the key factors driving the global business travel market? 3. What has been the impact of COVID-19 on the global business travel market? 4. What is the breakup of the global business travel market based on the type? 5. What is the breakup of the global business travel market based on the purpose type? 6. What is the breakup of the global business travel market based on the expenditure? 7. What is the breakup of the global business travel market based on the age group? 8. What is the breakup of the global business travel market based on the service type? 9. What is the breakup of the global business travel market based on the travel type? 10. What is the breakup of the global business travel market based on the end-user? 11. What are the key regions in the global business travel market? 12. Who are the key companies/players in the global business travel market?

9. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Business Travel Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

10. Report DescriptionTable of Contents 6 Market Breakup by Type 6.1 Managed Business Travel 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Unmanaged Business Travel 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Purpose Type 7.1 Marketing 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Internal Meetings 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Trade Shows 7.3.1 Market Trends 7.3.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/business-travel-market/toc

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13. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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