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Business Travel Industry – managing communication and costs scrutinized in new research

Business Travel

Global Business Travel Industry is further estimated to grow at a CAGR of 4.2% from 2019 to reach USD 17.97 Billion by the year 2025.


In the global business travel Industry by region, Asia Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period due to strong economic growth. At a country level, Japan and China are projected to grow strongly in the coming years due to tremendous industrial growth.

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Major market players in Business Travel Industry are Expedia Inc., American Express Company, Cwt Global B.V., Airbnb Inc., BCD Group, Fareportal Inc., Hogg Robinson Group Plc., The Priceline Group Inc., Flight Centre Travel Group LTD, Wexas LTD, and other 10 more companies Overview is provided in the report. Better global reach at an operational level is the main reason the key players are holding substantial Industry share.


Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Business Travel Industry:

Strength:

            Growing travel & tourism industry

            Increasing disposable income.

Weakness:

            High incurred costs

            Adoption of technology

Opportunities:

            Increase in the globalization of businesses

Threats:

            Growing technological advancement

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The segmentation are done on the basis services, by Industry Type, by Traveler and by region. On the basis of services, the Global Business Travel Industry is sub segmented as transportation, food & lodging and recreational activities of which the food & lodging segment is expected to hold the highest CAGR during the forecast period.

Business Travel Industry Segmentation:

By Industry Type

  • • Government
  • • Corporate

By Traveler

  • • Group Travel
  • • Solo Travel

By Service

  • • Transportation
  • • Food & Lodging
  • • Recreational Activities

By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa


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Alexa ReportsAlexa Reports
Category: Market Research Publishers and RetailersCompany about: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Till date, we have collaborated and partnered with well-known publishers in specialized domain to offer our clients with comprehensive market analysis. Over the past few years, we have been ab ...
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