Global Business Travel Market 2020-2024
The analyst has been monitoring the business travel market and it is poised to grow by $ 268.83 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digitization of travel payments and the availability of business services in hotels. In addition, the growing technological advances is anticipated to boost the growth of the market as well.
The business travel market analysis includes expenditure segment, age segment, application segment, and geographic landscapes
The business travel market is segmented as below:
• Travel fare
• Other expenditure
• Above 40 years
• Below 40 years
• Internal meeting
• Trade show
• Product launch
By Geographic Landscapes
• North America
• South America
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, the personalization of guest data and demand for leisure travel will lead to sizable demand in the market.
The analyst 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. Our business travel market covers the following areas:
• Business travel market sizing
• Business travel market forecast
• Business travel market industry analysis