Description
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. 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
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Technavio's
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.
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
View Full Report at- https://www.radiantinsights.com/research/global-business-travel-market-2017-2021
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
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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