Business Travel Market Strategies and Insight driven transformation 2019-2023

Business Travel Market research report published by Market Insight Reports examine the current outlook in global market. Report also throws light on Regional analysis, Product Type, End Users. The report explores performances of top players such as Carlson Holdings, Inc., Expedia Group and others in the global market. In brief report analyses potential of market on several parameters (as per applicable).

The major players dominating the business travel market are Carlson Holdings, Inc. (Carlson Wagonlit Travel), American Express Company (American Express Global Business Travel), Expedia Group, Inc. and BCD Group (BCD Travel). The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

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The report entitled Global Business Travel Market: Size, Trends and Forecast (2019-2023) provides an in-depth analysis of the business travel market including detailed description of market sizing and growth. The report provides an analysis of the global business travel market by value and also includes regional analysis of the business travel market for the following regions: China, the US, Germany, Japan, United Kingdom, France, South Korea, India, Italy, Canada, Brazil, Australia, Spain, Netherlands, Russia and ROW (Rest of the world).

Executive Summary:

Business travel is undertaken by people for the growth and development of their businesses and includes various activities such as transportation, accommodation, business work, etc. Business travel also enables a company in expanding their global presence through networking.

With the growth of business travel, the need for providing managed travel services is also growing rapidly. Many companies form their own corporate travel policies in order to meet the traveling requirements of their employees. Companies can manage their business travel requirements by utilizing the business travel programs or services offered by various travel management companies or by providing the facilities of online or self-booking tools to their employees.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Business Travel Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Business Travel Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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Business Travel Market Growth, Competitive Analysis, Future Prospects and Top Key Players: Airbnb, American Express Travel, Expedia, BCD Travel

The global business travel market generated revenue of $1,266 billion in 2016, and is expected to grow at a CAGR of 4.1% to reach $1,657 billion by 2023.

Business travel is a division of regular tourism in which people travel for a business-oriented purpose. It includes transportation, accommodation, business work, entertainment, and other activities. Global travel & tourism industry is one of the largest industries with global economic contribution of more than $7000 billion. The business travel segment shows the highest growth rate in this industry, as employees working in multinational organizations are often required to travel across various countries for business purposes. In business tourism, destinations are commercial places, which are well-developed and suited for trade work.

Major Key Players of the Business Travel Market are:
Airbnb, American Express Travel, Expedia, BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, Hogg Robinson Group, The Priceline Group, Fareportal, Inc. (travelong inc.), and Wexas Travel.

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Numerous companies in this field are trying to provide well-managed and cost-effective programs to the customers with the rise in demand for business travel management. The growth of the global business travel market is driven by the expansion of the travel & tourism industry, surge in government initiatives for the development of MICE (meetings, incentives, conferences, and events) segment & SME sector, and increase in globalization of business. However, surge in adoption of advanced technology such as video conferencing hampers the market growth, as it is cost-effective and less time-consuming as compared to travelling. Conversely, increase in infrastructural investment and rapid growth in travel retail market are anticipated to provide lucrative opportunities for the business travel market.

The market is segmented on the basis of service, industry, traveler, and geography. Based on service, the market is classified into transportation, food & lodging, and recreation. By industry, it is bifurcated into government and corporate. Depending on traveler, it is categorized into solo traveler and group traveler.

Major Types of Business Travel Market covered are:
Transportation
Food & lodging
Recreation activity

Major Applications of Business Travel Market covered are:
Government
Corporate

Research objectives:-

– To study and analyze the global Business Travel consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Business Travel market by identifying its various sub-segments.
– Focuses on the key global Business Travel manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Business Travel with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Business Travel Market Size
2.2 Business Travel Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Business Travel Market Size by Manufacturers
3.2 Business Travel Key Players Head office and Area Served
3.3 Key Players Business Travel Product/Solution/Service
3.4 Date of Enter into Business Travel Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Business Travel Sales by Product
4.2 Global Business Travel Revenue by Product
4.3 Business Travel Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Business Travel Breakdown Data by End User

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In the end, Business Travel industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Business Travel Market Analysis and Global Outlook 2020 to 2026, by Manufacturers, by Type, by Application and Regions

Business Travel 2020 world market by key players, regions, type and application, forecast for 2026. The report contains a forecast for 2020 and ends in 2026 with a series of measures such as the relationship between supply and demand, frequency of Business Travel market, the dominant players in the Business Travel market, the drivers, constraints and challenges. The report also contains market revenues, sales, Business Travel production and manufacturing costs which could help you get a better view of the market.

The report focuses on the major global manufacturers of Business Travel, to define, describe and analyze sales volume, value, competitive market landscape, market share, SWOT analysis and development plans in the years to come. The report provides information on trends and developments and focuses on market capabilities, technologies and the changing structure of the Business Travel market. Newcomers to the Business Travel market find it difficult to compete with the international distributor on the basis of quality and reliability.

The final report will add the analysis of the Impact of Covid-19 in this report Business Travel industry.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Business Travel Market: American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, Expedia, Hogg Robinson Group, Travel Leaders Group

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This report segments the global Business Travel market on the basis of Types are:

Marketing

Trade Shows

Internal Meeting

Product Launch

On the basis of Application, the Global Business Travel market is segmented into:

Below 40 Years

Above 40 Years

For comprehensive understanding of market dynamics, the global Business Travel market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Business Travel market report:

-Full assessment of all opportunities and risks on the Business Travel market

– The Business Travel market: recent innovations and major events.

– A detailed study of the commercial growth strategies of the main players in the Business Travel market.

– A conclusive study on the growth model of the Business Travel market for the years to come.

– Thorough understanding of the engines, constraints and main micro-markets of the Business Travel market.

– Favorable impression within the latest vital technology and market trends that hit the Business Travel market.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export,

Business Travel Market 2020 Precise Outlook – American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel

The global Business Travel Market 2020 Research report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2026. This report also includes the overall and comprehensive study of the Business Travel market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Business Travel industry and provides data for making strategies to increase market growth and effectiveness.

Top Companies in the Global Business Travel Market: American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, Expedia, Hogg Robinson Group, Travel Leaders Group, and others.

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Global Business Travel Market is segmented on the basis of:

This report segments the Business Travel market on the basis of Types is:
Marketing
Trade Shows
Internal Meeting
Product Launch

On the basis of Application, the Business Travel market is segmented into:
Below 40 Years
Above 40 Years

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Regional Analysis For Business Travel Market:
For comprehensive understanding of market dynamics, the global Business Travel market is analyzed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Highlights the following key factors:
– Business description: A detailed description of the company’s operations and business divisions.
– Corporate strategy: Analyst’s summarization of the company’s business strategy.
– SWOT Analysis: A detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
– Company history: Progression of key events associated with the company.
– Major products and services: A list of major products, services, and brands of the company.
– Key competitors: A list of key competitors to the company.
– Important locations and subsidiaries: A list and contact details of key locations and subsidiaries of the company.
– Detailed financial ratios for the past five years: The latest financial ratios derived from the annual financial statements published by the company with 5 years history.

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Business Travel Market Global Business Insights and Overview 2019 to 2023

Image result for Business Travel

Global Business Travel Market report presents an in-depth assessment of the Business Travel including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Business Travel investments from 2019 till 2023.

The report also profiles key market players such as Carlson Holdings, Inc. (Carlson Wagonlit Travel), American Express Company (American Express Global Business Travel), Expedia Group, Inc. and BCD Group (BCD Travel). on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth &, sustainability, and financial overview.

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Business Travel made by people for the growth and development of their businesses and includes a variety of activities such as transport, accommodation, business work, etc. The business trip also allows companies to expand their global presence through a network.

Business travel has been segmented on the basis of type, purpose, service, traveler and industry. The major types of business travel include managed and unmanaged business travel. On the basis of purpose, business travel has been divided into marketing, trade shows, client meetings and others. On the basis of services, business travel has been segmented into transportation, food and lodging and recreation. The two main industries which require business travel are government and the corporate industry. On the basis of traveler, business travel has been segregated into solo and group travelers.

The global business travel market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as increasing internet penetration, growth in internet of things (IoT), increasing involvement of artificial intelligence, globalization etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are data breaches and use of videoconferencing by small and medium enterprises (SMEs).

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Influence of the Business Travel market report:

-Comprehensive assessment of all opportunities and risk in the Business Travel market.

-Business Travel market recent innovations and major events.

-Detailed study of business strategies for growth of the Business Travel market-leading players.

-Conclusive study about the growth plot of Business Travel market for forthcoming years.

-In-depth understanding of Business Travel market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Business Travel market.

The research includes historic data from 2014 to 2019 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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1-Free country level analysis for any 5 countries of your choice.

2- Free Competitive analysis of any 5 key market players.

3- Free 40 analyst hours to cover any other data points.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Business Travel Market Global Insights, Trends and Huge Business Opportunities 2020 to 2026

The Business Travel Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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. One of the major drivers for this market is the growing technological advances. The business travel market relies on technologically advanced solutions that aid travel agents and their clients access the travel data; compare reservation options; and book the most efficient, economical, and comfortable option. Furthermore, advances in artificial intelligence (AI) have helped automate the travel booking process, eliminating the need to re-enter the employee travel preferences and, in turn, saving time and energy.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Business Travel Market: American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel, Expedia, Hogg Robinson Group, Travel Leaders Group and other.

Global Business Travel Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Marketing
Trade Shows
Internal Meeting
Product Launch

On the basis of Application, the market is segmented into:

Below 40 Years
Above 40 Years

Regional Analysis For Business Travel Market:

For comprehensive understanding of market dynamics, the global Business Travel market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Business Travel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2019–2025.

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Following are major Table of Content of Business Travel Market:

– Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Market competition by Manufacturers

– Production by Regions

– Consumption by Regions

– Production, By Types, Revenue and Market share by Types

– Consumption, By Applications, Market share (%) and Growth Rate by Applications

– Complete profiling and analysis of Manufacturers

– Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Market Effect Factors Analysis

– Global Market Forecast

– Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

CONTACT US:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

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