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

High-Density Interconnect (HDI) PCB Market Growth 2018-2025 Leading Key Players – Compeq Manufacturing , TTM Technologies, Unimicron, AT&S, Ibiden Group, SEMCO

The global HDI PCB market was valued at $9,491.0 million in 2017 and is projected to reach $22,258.8 million by 2025, registering a CAGR of 11.1% from 2018 to 2025. A high-density interconnect (HDI) is a fastest growing technology used in the printed circuit board (PCB), which have higher wiring density per unit as compared to the conventional circuit boards. These HDI PCBs have finer lines and spaces (? 100 ?m), smaller vias (? 150 ?m), and capture pads (? 400 ?m). Moreover, HDI PCBs have a relatively higher connection pad density over conventional PCBs that is over 20 pads/cm2. Hence, they are widely adopted in the consumer electronics sector and have a high growth potential in the automotive industry. The key players profiled in the report include: Compeq Manufacturing , TTM Technologies, Unimicron, AT&S, Ibiden Group, SEMCO, Unitech Printed Circuit Board Corp., Tripod Technology Corp., DAP Corporation and Meiko. Get sample copy of “High-Density Interconnect (HDI) PCB ...
Post a Comment
Read more

Medical Arrhythmia Monitoring Devices Market Business Development Strategies 2019 by Major Key Players – GE Healthcare , Medtronic , Abbott Laboratories (St. Jude Medical)

Arrhythmia monitoring refers to tests physicians use to identify the type and the cause of irregular heart rhythms. Many arrhythmias occur infrequently, so to record the heart’s electrical activity under real-world conditions, physicians use continuous monitor recording, also called ambulatory electrocardiography. Medical Arrhythmia Monitoring Devices 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 Medical Arrhythmia Monitoring Devices 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 landscape of the global industry player and helps the companie...
Post a Comment
Read more

LONG CHAIN DIBASIC ACIDS MARKET EMERGING TREND, TECHNOLOGICAL GROWTH, BUSINESS GROWTH STATISTICS AND HIGH DEMAND

A dibasic acid is an acid that has two oxygen ions to donate to a base in an acid-base reaction. Therefore, a dibasic molecule has two replaceable hydrogen atoms. The most common example is sulfuric acid (H2SO4). Long Chain Dibasic Acids Market report provides in-depth statistics and analysis available on the market status of the Long Chain Dibasic Acids Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Long Chain Dibasic Acids market. It contains the analysis of drivers, challenges, and restraints impacting the industry. Long Chain Dibasic Acids 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 Long Chain Dibasic Acids Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the mark...
Post a Comment
Read more