Worldwide Business Travel Industry to 2027

Dublin, June 15, 2022 (GLOBE NEWSWIRE) – “Global Business Travel Market (2022-2027) by Type, Purpose Type, Spending, Service Type, Industry, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Report Added to me 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

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.

Company Profile

The report provides a detailed analysis of the competitors in the market. Covers analysis of the financial performance of listed companies in the market. The report also provides detailed information on the recent development of companies and the competitive scenario. Some of the companies covered in this report are Airbnb, American Express, BCD Travel, Booking Holdings, Cain Travel, Carlson Wagonlit Travel, etc.

The countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States and rest of the Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, rest of the Middle East and Africa)
  • Asia Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, rest of Asia Pacific)

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 ​​also 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.

Main topics covered:

1 Description of the report

2 Research Methodology

3 Executive Summary

4 market dynamics
4.1 Drivers
4.1.1 Increases in globalization
4.1.2 Rapid Growth of Small and Medium Enterprises
4.1.3 Increase regional government investment in infrastructure
4.1.4 Development of the tourism industry
4.2 Limitations
4.2.1 Expanded adoption of technology such as video conferencing
4.3 Opportunities
4.3.1 The growing trend of leisure travel
4.3.2 Large-scale developments in the travel and tourism sector
4.4 Challenges
4.4.1 Channel leakage, privacy and security concerns

5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Business Travel Market, by Type
6.1 Introduction
6.2 Managed Business Travel
6.3 Unmanaged Business Trips

7 Global Business Travel Market, by Purpose Type
7.1 Introduction
7.2 Marketing
7.3 Internal meetings
7.4 Commerce / Conferences
7.5 Product launch

8 Global Business Travel Market, by Spending
8.1 Introduction
8.2 Fare
8.3 Accommodation
8.4 food

9 Global Business Travel Market, by Service Type
9.1 Introduction
9.2 Transportation
9.3 Food and accommodation
9.4 Entertainment

10 Global Business Travel Market, By Industry
10.1 Introduction
10.2 Government
10.3 Companies

11 Business Travel Market in America
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of the Americas

12 Europe’s business travel market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe

13 Business Travel Market in the Middle East and Africa
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 . diameter
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of the Middle East and Africa

14 APAC Business Travel Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14/12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia and the Pacific

15 Competitive Scene
15.1 Competitive Quarter
15.2 Market share analysis
15.3 Strategic Initiatives
15.3.1 Mergers, acquisitions and investments
15.3.2 Partnerships and Collaboration
15.3.3 Product Developments and Improvements

16 Company Profiles
16.1 Airbnb
16.2 American Express
16.3 BCD Travel
16.4 Reservation Collectibles
16.5 Caen Travels
16.6 Travel Carlson Stroller
16.7 Expedia
16.8 Farportal
16.9 FCM Travel Solutions
16.10 Travel Center Trip
16.11 International Travel House
16.12 Makemi Trip
16.13 orate travel management
16.14 Priceline
16.15 Skywings
16.16 Trav
16.17 Travel Pioneers
16.18 Wexas Travel

17 Appendix

For more information on this report, visit

  • Global Business Travel Market


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