Worldwide Business Travel Industry to 2024 - Market is Driven by the Digitization of Travel Payments - ResearchAndMarkets.com

The "Global Business Travel Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The business travel market is poised to grow by $ 268.83 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period.

This 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. 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.

This report 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.

The business travel market covers the following areas:

• Business travel market sizing
• Business travel market forecast
• Business travel market industry analysis

Companies Mentioned

• ADTRAV Corp.
• Airbnb Inc.
• BCD Group
• Booking Holdings Inc.
• CWT Global BV
• Egencia LLC
• FROSCH International Travel Inc.
• GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel
• Ovation Travel Group
• Travel Leaders Group LLC
  
  

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Value chain analysis

3. Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

4. 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

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Marketing - Market size and forecast 2019-2024
• Internal meeting - Market size and forecast 2019-2024
• Trade show - Market size and forecast 2019-2024
• Product launch - Market size and forecast 2019-2024
• Market opportunity by Application

6. Market Segmentation by Expenditure

• Market segments
• Comparison by Expenditure
• Travel fare - Market size and forecast 2019-2024
• Lodging - Market size and forecast 2019-2024
• Dining - Market size and forecast 2019-2024
• Other expenditure - Market size and forecast 2019-2024
• Market opportunity by Expenditure

7. Market Segmentation by Age

• Market segments
• Comparison by Age
• Above 40 years - Market size and forecast 2019-2024
• Below 40 years - Market size and forecast 2019-2024
• Market opportunity by Age

8. Customer landscape

• Customer landscape

9. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

10. Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

11. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ADTRAV Corp.
• Airbnb Inc.
• BCD Group
• Booking Holdings Inc.
• CWT Global BV
• Egencia LLC
• FROSCH International Travel Inc.
• GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel
• Ovation Travel Group
• Travel Leaders Group LLC

12. Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/97sojm

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200720005401/en/