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Business Travel Market By Service (Transportation, Food & Lodging, Recreational Activities) By Industry Type (Government, Corporate) By Traveler (Group Travel, Solo Travel) Global Size Analysis and Industry Forecast, 2019-2025.

  • Category:Automotive and Transportation
  • Published on:14 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 417154
  • Publisher:Genesis Market Insights

Overview

GLOBAL BUSINESS TRAVEL MARKET was valued at USD XX Billion in the year 2018. Global Business Travel Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2025.

BCD Group (Netherlands), Fareportal, Inc. (U.S), Flight Centre Travel Group Limited (Australia), Airbnb Inc. (U.S), Expedia Inc. (U.S), American Express Company (U.S), Hogg Robinson Group Plc. (U.K), The Priceline Group Inc. (U.S) and Wexas Limited (U.K) are some of the key players in the Global Business Travel market. Better global reach at an operational level is the main reason the key players are holding substantial market 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.

In the global business travel market by region, Asia Pacific region holds the highest market share in 2018 and is considered as the fastest growing market 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.

Drivers:

Growing travel & tourism industry

Increasing disposable income.

Restraints:

High incurred costs

Adoption of technology

Opportunities:

Increase in the globalization of businesses

Challenges:

Growing technological advancement

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 Market is sub segmented as transportation, food & lodging and recreational activities of which the food & lodgingsegment is expected to hold the highest CAGR during the forecast period.

The segmentation done on the basis of industry type includes Government and corporate of which corporate segment is expected to hold the highest market share among other industries. On the basis of traveler the market is segmented as Group Travel and Solo Travel of which group as a traveler is expected to grow at the highest Market share during the forecasted period.

Key Benefits for Stakeholders

Business Travel service providers

Research and Consulting Organization

End use industries

Regulatory bodies and consumers.

By Service

Transportation

Food & Lodging

Recreational Activities

By Industry Type

Government

Corporate

By Traveler

Group Travel

Solo Travel

By Region

North America

Europe

Asia Pacific

RoW

Key Market Players

Expedia Inc.

American Express Company (American Express Travel Related Services Company, Inc.)

Cwt Global B.V. (Carlson Wagonlit Travel)

Airbnb Inc.

BCD Group (BCD Travel)

Fareportal, Inc. (Travelong Inc.)

Hogg Robinson Group Plc.

The Priceline Group Inc.

Flight Centre Travel Group Limited

Wexas Limited

(A brief overview of 15 companies is also provided)

Research Methodology:

Genesis Market Insights follows in depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in house Data on a broad front.
Both Bottom Up and Top Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.


  • Analysis and forecasts at the global, regional and national levels of the research market; Provide insight into the major countries / regions this industry is blooming and identify regions that have not yet been developed

  • Segment-level analysis by shielding type, thermal application, and application, along with market size predictions and estimates, detail key areas of industrial growth.

  • Identify key market drivers, constraints, opportunities and challenges (DROCs) and their impact on changing market dynamics

  • Study of the effects of exogenous and endogenous factors affecting the global market; Among the macro-environmental factors shown in the extensive PESTLE analysis include demographics, economics and politics.

  • We use Porter's five force analysis to analyze competitive levels and business strategy development to study microenvironmental factors that determine the overall profitability of an industry.

  • A list of key market participants with a portfolio of products to study and maintain the market environment, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview

  • Competitive topographic analysis listing mergers, acquisitions, and collaborations in the field, along with major company new product launches, comparative financial research, and recent developments in the market

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