Global Business Travel Market (2022 to 2027) – Featuring American Express, BCD Travel, Expedia among others – ResearchAndMarkets.com

Dublin – (work wire) – The report “Global Business Travel Market (2022-2027) by Type, Purpose, Spending, Service Type, Industry, Geography, Competitive Analysis and Impact of Covid-19 With Ansoff Analysis” has been added to ResearchAndMarkets.com Show.

The global business travel market size is estimated at $706.14 billion in 2022 and is expected to reach $1,324.21 billion by 2027, at a compound annual growth rate of 13.4%.

Market dynamics are the forces that influence the pricing and behavior of stakeholders in the global business travel market. These forces create pricing signals that result from changes in the supply and demand curves of a particular product or service. The forces of market dynamics may be related to macroeconomic and microeconomic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market, and create price signals.

Since market dynamics affect supply and demand curves, decision makers aim to determine how best to use different financial instruments to halt different strategies to accelerate growth and reduce risk.

Competitive Quarter

The report includes the competitive quadrant, a proprietary tool for analyzing and evaluating the position of companies based on the degree of industry position and the degree of market performance. The tool uses various factors to classify players into four categories. Some of these factors considered for the analysis are the financial performance over the past three years, growth strategies, degree of innovation, new product launches, investments, growth in market share, etc.

Ansoff analysis

The report provides a detailed analysis of the Ansoff Matrix of the global business travel market. The Ansoff Matrix, also known as a product/market expansion network, is a strategic tool used to design strategies for a company’s growth. The matrix can be used to evaluate methods in four strategies. Market development, market penetration, product development and diversification. The matrix is ‚Äč‚Äčalso used for risk analysis to understand the risks involved in each approach.

The report analyzes the global business travel market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis made on the industry and industry players, the analyst devises suitable strategies for market growth.

Why buy this report?

  • The report provides a comprehensive assessment of the global business travel market. The report includes in-depth qualitative analysis, verifiable data from reliable sources, and forecasts about the market size. Projections are calculated using proven research methodologies.

  • The report was compiled through extensive primary and secondary research. Primary research is conducted through interviews, surveys and observation of famous employees in the industry.

  • The report includes an in-depth analysis of the market using Porter’s Five Forces Model and Ansoff Matrix. In addition, the impact of Covid-19 on the market is also seen in the report.

  • The report also includes the regulatory scenario in the industry, which will help you make an informed decision. The report discusses the main regulators and the main rules and regulations imposed on this sector across different geographies.

  • The report also contains competitive analysis using Quadrant, the analyst’s competitive positioning tool.

market dynamics

drivers

  • increases in globalization

  • Rapid growth of small and medium businesses

  • Increasing investments in infrastructure by regional governments

  • Tourism industry development

limitations

  • Expanded adoption of technology such as video conferencing

chances

  • The growing trend of leisure travel

  • Large-scale developments in the travel and tourism sector

Challenges

  • Channel leakage, privacy and security concerns

Market segmentation

The global business travel market is segmented on the basis of type, type of purpose, spending, type of service, industry, and geography.

  • By type, the market is categorized into managed business travel and unmanaged business travel.

  • By type of purpose, the market is categorized into marketing, internal meetings, trade fairs/conferences, and product launches.

  • By spending, the market is categorized into airfare, accommodation, and dining.

  • By type of service, the market is categorized into transportation, food, accommodation, and entertainment.

  • By industry, the market is categorized into government and corporate.

  • By geography, the market is segmented into the Americas, Europe, the Middle East and Africa, and Asia Pacific.

mentioned companies

  • Airbnb

  • American Express

  • Travel BCD

  • Reservation collectibles

  • Cain’s Travels

  • Carlson Wagonlet Travel

  • orate for travel management

  • luxury

  • Expedia

  • Freeportal

  • FCM Travel Solutions

  • Flight Center Travel

  • International Travel House

  • Makemi Trip

  • Priceline

  • Skywings

  • travel leaders

  • Wexas Travel

For more information on this report, visit https://www.researchandmarkets.com/r/v3u05e

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