Skip to main content

Business Travel Market to Witness Huge Growth from 2017-2023 and Key Players – Airbnb , American Express Travel, Expedia

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.

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.
By Service:
Transportation
Food & lodging
Recreation activity
By Traveler:
Group
Solo
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).
Labels:

Comments

Post a Comment

Popular posts from this blog

Crop Breeding Technology Market Future Technological Growth and Demand and Business Opportunities 2024 – BASF , Dupont Pioneer , Syngenta , Advanta

Crop Breeding Technology Market report provides in-depth statistics and analysis available on the market status of the Crop Breeding Technology Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Crop Breeding Technology market. It contains the analysis of drivers, challenges, and restraints impacting the industry. Crop Breeding Technology Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Crop Breeding Technology Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive la
Post a Comment
Read more

Home Entertainment Market Growth 2016-2022 Leading Key Players – Sony Corporation, Apple , Panasonic Corporation, LG Electronics , Samsung, Bose Corporation, Sennheiser Electronic

Global home entertainment market is estimated to reach $294,969 million by 2022. Home entertainment market includes products and systems used in domestic or personal context. The market includes several consumer electronic products such as television sets, video players & recorders, audio equipment, and gaming devices. Over the past few years, there is a significant rise in consumer investments in entertainment products mainly owing to the increase in disposable income and development of innovative entertainment solutions from manufacturers. The global market witnesses substantial growth due to increase in digitization of electronic goods, rapid innovations in existing products, decline in prices, and increase in tech-savvy urban population in developing countries. However, the market growth for these products is mitigated by increase in consumer shift toward mobile platforms and consumer apprehensions due to adverse effects on health from audio equipment and wireless devices.
Post a Comment
Read more

Smart Polymers Market Research Report: Size, Share, Growth, Trends and Forecast 2022

Smart Polymers Market size was valued at $1,250 million in 2015, and is anticipated to grow at a CAGR of 12.6% to reach $3,070 million by 2022. Smart polymers are also referred to as intelligent polymers or environmentally sensitive polymers. The ability to respond to a slight environmental fluctuation is the major feature that makes these polymers smart. These are sensitive to various environmental stimulus such as pH, temperature, magnetic field, electric field, chemical agents, enzymes, and biomolecules and possess the ability to recover at their initial state at the culmination of the stimulus. The market is in its growth stage owing to the recognition by academic and industrial research, whereas, the drivers for market growth are increase in need for efficient & economical drug delivery system, innovative use of smart polymers in automotive industry, and beneficial property of phase transition. However, high cost associated with the use of smart polymers is projected to hamp
Post a Comment
Read more