(MENAFN- The Express Wire) Business Travel Market Size Forecast Analysis 2020-2024 | Latest Industry Trends with Market Dynamics, Global Industry Share, and Development Analysis Includes COVID-19 Impact
Posted on Aug 13 2020 5:39 AM
"Global Business Travel market size is estimated to grow at CAGR of 3% with Revenue USD 268.83 bn during the forecast period 2020-2024. The "YOY (year-over-year) growth rate for 2020 is estimated at 1.79%" by the end of 2024.
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"Final Report will add the analysis of the impact of COVID-19 on this industry."
Our ' Business Travel Market size report 2020-2024 provides development trends, competitive landscape analysis, and key regions development status. Business Travel market study is based on different features like segments, growth rate, revenue, leading players, regions, and forecast. Business Travel market report is a valuable source of guidance and direction for companies and individuals interested in the industry.
Global Business Travel market size is estimated to grow at CAGR of 3% with Revenue USD 268.83 bn during the forecast period 2020-2024.
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About Business Travel Market:
Our Company has been monitoring the business travel market and it is poised to grow by USD 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
Market Dynamics of Business Travel Market Report:
- Market Drivers : The Growing Technological Advances.
- Market Trends : Growing Preference Of Consumers To Book Through Online Travel Agencies
- Market Challenge : Risks in competitions with global player
Top Key Players in the Business Travel Market:
- ADTRAV Corp.
- Airbnb Inc.
- BCDÂ 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
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The Business Travel market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Business Travel Market Segmentation Covers:
By Expenditure
• Travel fare
• Lodging
• Dining
• Other expenditure
By Age
• Above 40 years
• Below 40 years
By Application
• Marketing
• Internal meeting
• Trade show
• Product launch
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. Our Business Travel market covers the following areas:
- Business Travel market sizing
- Business Travel market forecast
- Business Travel market industry analysis
Key questions answered in the report:
- What will the Business Travel market growth rate?
- What are the key factors driving the global Business Travel market?
- Who are the key manufacturers in Business Travel market space?
- What are the market opportunities, market risk, and market overview of the Business Travel market?
- What are sales, revenue, and price analysis of top manufacturers of Business Travel market?
- Who are the distributors, traders, and dealers of Business Travel market?
- What are the Business Travel market opportunities and threats faced by the vendors in the global Business Travel Industry?
- What are sales, revenue, and price analysis by types and applications of Business Travel Industry?
- What are sales, revenue, and price analysis by regions of Business Travel industry?
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What Global Business Travel Market Report Offers?
- Provides strategic profiling of key players in the Business Travel market.
- Drawing a competitive landscape for the world Business Travel industry.
- Describes insights about factors affecting the Business Travel market growth.
- Analyze the Business Travel industry share based on various factors- price analysis, supply chain analysis etc.
- Extensive analysis of the industry structure along with Business Travel market forecast 2020-2024.
- Granular Analysis with respect to the current Business Travel industry size and future perspective.
Regions Covered in Business Travel Market Report:
- APAC
- Europe
- MEA
- North America
- South America
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Some Points Covered from Business Travel Market TOC:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for USD
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY Product Type
- Market segmentation by product
- Comparison by product
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE
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