Global Business Travel Market to grow at a CAGR of 5.11% during the period 2018-2021

ResearchMoz presents professional and in-depth study of "Global Business Travel Market 2017-2021".

Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings.

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Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host a large number of international travelers on short breaks. Tourists usually have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from one tourist to another. For instance, some tourists prefer simple beach vacations, while others want family-oriented holidays at quieter resorts, uncommercialized places, or niche market-targeted destination hotels.

Technavios analysts forecast the global business travel market to grow at a CAGR of 5.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global business travel market for 2017-2021. To calculate the market size, the report considers the revenue generated from the business travel market by purpose, expenditure, and age.

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The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Business Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

American Express Global Business Travel

BCD Travel

Carlson Wagonlit Travel

Expedia

Hogg Robinson Group

Travel Leaders Group

Other prominent vendors

Adelman Travel

ADTRAV Travel Management

ATG

Frosch International Travel

JTB Americas

Omega World Travel

Ovation Travel Group

Priceline Group

UNIGLOBE Travel International

Market driver

Growing technological advances

For a full, detailed list, view our report

Market challenge

Rising terrorist activities

For a full, detailed list, view our report

Market trend

Personalization of guest data

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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