Business Travel Market to Record Growth Worth $1,040.59 Billion with ADTRAV Corp. and Airbnb Inc. holding dominant positions in the provider landscape
Key Market Dynamics:
- market engine
- Market challenges
Growth in technological advancements and digitalization of travel payments are some of the major market drivers that are expected to drive the market during the forecast period. However, factors such as travel fatigue and pandemic-related restrictions will test the growth of the market.
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The Business Travel Market report is segmented by Expenditure (Travel Fare, Accommodation, Catering and Others), Age (Over 40s and Under 40s), Application (Marketing, Internal Meeting, Trade Show and Launch of product) and geography (APAC, Europe, North America, South America, and MEA). Additionally, 42% of the market growth will come from APAC during the forecast period with China and Japan emerging as the major revenue-generating economies for the business travel market in the region.
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Companies mentioned with their offers
- ADTRAV Corp.
- Airbnb inc.
- BCD Travel Services B.V.
- Reservation Holdings Inc.
- CWT Global B.V.
- To access more Supplier profiles with their key offerings available with Technavio,Click here
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Luxury Travel Market by Type, Consumer and Geography – Forecast and Analysis 2021-2025
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Main topics covered:
- Market landscape
- Market sizing
- Five forces analysis
- Market segmentation by expenditure
- Customer landscape
- Geographic landscape
- Supplier Landscape
- Vendor analysis
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