Business Travel

Business Travel

Travel Receives a Knockout Blow from the Pandemic. Business Travel Crumbles to New Lows at -54%

The global market for Business Travel is expected to decline by -54% in the year 2020 and -4.5% in the year 2021 and thereafter recover to reach US$829.5 billion by the year 2027, trailing a post COVID-19 CAGR of 3% over the analysis period 2020 through 2027. The travel industry has been one of the worst hit sectors due to the COVID-19 outbreak, with lockdowns, travel bans, restrictions and quarantines denting revenue generation for the industry. The impact of COVID-19 pandemic on business travel has been particularly severe. Business travel almost came to a standstill during the pandemic, forcing many companies to hold virtual meetings due to stay-at-home restrictions. With over 90% of the global population in countries or territories with some form of travel restrictions and lockdowns, many international events and conferences have been cancelled or postponed while some essential meetings are being scheduled using virtual platforms. Many companies have witnessed the benefits of digital solutions at their disposal for effective remote working. This reduces not only energy consumption but also maintenance costs and travel emissions. Hence some businesses may continue the trend of remote working even after the travel restrictions are lifted. In April 2020, during the early days of global COVID-19 spread, 98% of the member countries of GBTA (Global Business Travel Association) cancelled their international business tours and 92% of them halted all or most of their domestic trips.

Business travel can be defined as domestic or international travel undertaken by employees to attend various business-related activities including meetings, product launches, trade shows and marketing of companies to further improve business prospects. Comprising work, entertainment, accommodation and transportation, business travel is among the major contributors to the global economy. Employees of multinational organizations often travel to destinations in various countries for business and marketing purposes. There are a variety of agencies and travel companies in the market addressing the needs of the business travel industry, which compete based on safety measures, service portfolios, government licensing and pricing. Growth in business travel has provided organizations the option of managing travel requirements of their employees using travel programs, services and online self-booking tools offered by travel management corporations. Corporate business travels until now was a vital part of a company's operations. However, in the future, in-person meetings will be greatly reduced and most of the work will be managed from homes using advanced tools. Various new tools that are capable of replacing physical meetings is evolving rapidly.

A key reason for business travel is for meeting suppliers and customers and video calls show strong potential to replace the in-person meetings, resulting in less business travels for the sales persons. Business travels that are meant for trainings and other learning activities will also be reduced and e-learning will witness rapid adoption rates. Another major travel reason is to motivate and reward customers or employees which can also be carried out remotely. Employees of most companies have already become familiar with virtual meetings due to the pandemic, thus reducing significance of face-to-face meetings. Many businesses have adapted to the new trend in a much better way and will continue to retain these changes. The continuing spread of COVID-19 infections worldwide is expected mute all face-to-face global gatherings in the year 2020. The rising popularity and success of cloud videoconferencing services is expected to permanently kill all non-essential business travel. Cross-border travel is set to become complicated & confusing with regulations like health passports expected to disincentives corporate travel plans. The only opportunities for growth will come from life sciences companies were business travel is necessary for training. In the post COVID-19 period, millennials born after the mid-90s who are likely to rule the workplace will significantly influence dynamics of whatever is left of the travel industry. Also known as Gen Z, Millennials are always connected to smartphones and social media, seek fast Wi-Fi and use hash tags to describe objects and feelings. Business travel will be highly influenced by them over the next decade with their desire to be in a certain place only at a certain time. The travel sector will facilitate this need by using multiple options IoT has to offer. With this as a goal, key travel players are using the digital platform to make the right offer to the right customer at the right time. IoT will make this possible with personalization of all services connected to the travel industry. Internet of things (IoT) & artificial intelligence (AI) will increasingly be introduced in the travel, hotel and airline sectors to improve customer satisfaction. AI and ML can also differentiate between junior and senior level executives and suggest booking options based on the eligibility as well as the personal preferences of the user. In addition, AI and ML can simplify expense reports as employees will need to just upload photos of receipts as opposed to filling out stipulated forms. The machine would read the photos and update the expenses, thus simplifying the process as well as negating the chances for errors. The process also simplifies audit for the company. In addition to the benefits for regular issues, AI and ML can also provide additional benefits for the employee as well as the company. Employee safety when traveling is the company's responsibility. As such, AI and ML can provide timely updates for advisories related to travel, health, environmental, political and social situations at the destination, ensuring security for the employee. For instance, AI and ML can alert the company and the employee to potential issues related to natural calamities or safety related information such as political unrest or terrorist attacks.

Select Competitors (Total 70 Featured) -

  • ADTRAV Corporation
  • Airbnb, Inc.
  • American Express Global Business Travel
  • BCD Travel
  • Booking Holdings Inc.
  • CWT
  • Egencia LLC
  • Fareportal, Inc.
  • Flight Centre Travel Group
  • FROSCH International Travel, Inc.
  • Ovation Travel Group
  • Travel Leaders Group, LLC
  • Wexas Travel
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Outbreak and Looming Global Recession
EXHIBIT 1: COVID-19 Impact on Travel & Tourism Industry: Growth Rate (%) of Industry Revenues in Select Countries for 2020 Vs 2019
Digitalization Augurs Well for the Tourism Industry
Impact of COVID-19 on Business Travel in Life Sciences Sector
Pandemic to Transform Future Trends in the Business Travel Industry
Business Travel Evolves into Multi-Faceted Endeavor
Global Market Prospects & Outlook
EXHIBIT 2: Major Purposes of Business Trips
Competition
Startups Disrupt the Business Travel Market
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS
3.
MARKET TRENDS & DRIVERS DRIVERS
Trends in Travel & Tourism: An Indication of Dynamics in Business Travel Market
EXHIBIT 3: COVID-19 Impact on Tourism Industry: % Change in International Tourist Arrivals by Region for 2019 and Q1 2020
Preference for Communications Technologies & Video Conferencing Amidst COVID-19 Outbreak Over Travel Affects Business Travel
EXHIBIT 4: Global Downloads (Million) of Select Video Chat Apps for iOS and Android for Jan-2020 to Mar-2020
EXHIBIT 5: Average Growth (in %) in Video Meetings by Meeting Size for Feb 2020 Vs May 2020
Web Conferencing Emerges as an Apt Alternative to Business Travel
Mixing Recreation with Business: The New Mantra in Business Travel
EXHIBIT 6: Bleisure as % of Total Business Trips by Select Countries: 2019
EXHIBIT 7: Average Number of Bleisure Trips Per Year by Select Countries for 2019
EXHIBIT 8: Original Purpose of Bleisure Travel: % of Trips Converted to Bleisure Trips by Purpose of Original Trip for 2019
EXHIBIT 9: Industries with Most Bleisure Travelers: % of Bleisure Travelers by Industry
EXHIBIT 10: Major Reasons for Choosing a Bleisure Destination: % of Bleisure Travelers Citing a Factor as a Reason for Preferring a Destination among US Bleisure Travelers
Pandemic Accelerates Event Planning Industry’s Transition towards Virtual Platforms, Affects Business Travels
Major Events Cancelled or Deferred or Conducted Virtually due to COVID-19
EXHIBIT 11: COVID-19 Effect on Global Event Activities: Estimated Percentage Change in Event Revenues for 1H 2020 over 1H 2019
Trade Volumes and Trade Wars Closely Correlated to Spending on Business Travel
EXHIBIT 12: Month-on-Month Growth in Global Trade: Jan 2019-April2020
Notable Trends in the Business Travel Industry
New Services Emerge as Competitors to Travel Management Companies
Using Business Travel to Enhance Employee Satisfaction
Bleisure Emerges as a Popular Business Travel Trend
Focus on Enhancing Customer Service
Rising Importance of Personalized Travel
Sustainability Emerges as a Notable Trend in Business Travel
Technological Advancements Augur Well for the Market
Rising Importance of Artificial and Machine Learning in Business Travel
Mobile Devices Become Integral to Business Travel Industry
EXHIBIT 13: Smartphone Penetration Rate as Share of Total Population: 2016-2021E
Downturn in Business Travel Dents Airline Revenues
EXHIBIT 14: COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
EXHIBIT 15: Air Travel a Significant Component of Business Travel Spending: Percentage Breakdown of Average Corporate Trip Budget by Segment for 2019
EXHIBIT 16: Major Concerns of Business Travelers: % of Business Travelers Citing the Concern Impeding Corporate Travel
Growth of SMEs Bodes Well for the Busines Travel Industry
Airport Retailers Target Business Travelers
EXHIBIT 17: Global Airport Retail Market Size (in US$ Billion) for 2019, 2022 & 2024
Digitalization of Travel Payments & Guest Data Supports Business Travel Market
Challenges Facing Business Travel Market
Data Breaches and Fraud Impact Business Travel
4.
GLOBAL MARKET PERSPECTIVE
TABLE 1: World Current & Future Analysis for Business Travel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World Historic Review for Business Travel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 3: World 15-Year Perspective for Business Travel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
TABLE 4: World Current & Future Analysis for Food & Lodging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 5: World Historic Review for Food & Lodging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 6: World 15-Year Perspective for Food & Lodging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 7: World Current & Future Analysis for Recreation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World Historic Review for Recreation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 9: World 15-Year Perspective for Recreation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 10: World Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 11: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 12: World 15-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 13: World Current & Future Analysis for Group by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 14: World Historic Review for Group by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 15: World 15-Year Perspective for Group by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 16: World Current & Future Analysis for Solo by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 17: World Historic Review for Solo by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 18: World 15-Year Perspective for Solo by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 19: World Current & Future Analysis for Corporate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 20: World Historic Review for Corporate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 21: World 15-Year Perspective for Corporate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
TABLE 22: World Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 23: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 24: World 15-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
US Travel & Tourism Industry Hit Hard by the COVID-19 Pandemic
EXHIBIT 18: US Travel Industry: Percentage Breakdown of Spending by Business Travel and Leisure Spending for 2019
TABLE 25: USA Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: USA Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 27: USA 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 28: USA Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 29: USA Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 30: USA 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 31: USA Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 32: USA Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 33: USA 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
CANADA
TABLE 34: Canada Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 35: Canada Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 36: Canada 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 37: Canada Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 38: Canada Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 39: Canada 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 40: Canada Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 41: Canada Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 42: Canada 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
JAPAN
TABLE 43: Japan Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 44: Japan Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 45: Japan 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 46: Japan Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 47: Japan Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 48: Japan 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 49: Japan Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 50: Japan Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 51: Japan 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
CHINA
COVID-19 Impact on the Chinese Travel Industry
TABLE 52: China Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 53: China Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 54: China 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 55: China Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 56: China Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 57: China 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 58: China Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 59: China Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 60: China 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
EUROPE
COVID-19 Crisis Impacts European Travel Industry
TABLE 61: Europe Current & Future Analysis for Business Travel by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 62: Europe Historic Review for Business Travel by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 63: Europe 15-Year Perspective for Business Travel by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
TABLE 64: Europe Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 65: Europe Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 66: Europe 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 67: Europe Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 68: Europe Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 69: Europe 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 70: Europe Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 71: Europe Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 72: Europe 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
FRANCE
TABLE 73: France Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 74: France Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 75: France 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 76: France Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 77: France Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 78: France 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 79: France Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 80: France Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 81: France 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
GERMANY
TABLE 82: Germany Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 83: Germany Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 84: Germany 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 85: Germany Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 86: Germany Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 87: Germany 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 88: Germany Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 89: Germany Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 90: Germany 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
ITALY
TABLE 91: Italy Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 92: Italy Historic Review for Business Travel by Service - Food & Lodging, Recreation and Transportation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 93: Italy 15-Year Perspective for Business Travel by Service - Percentage Breakdown of Value Sales for Food & Lodging, Recreation and Transportation for the Years 2012, 2020 & 2027
TABLE 94: Italy Current & Future Analysis for Business Travel by Traveler - Group and Solo - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 95: Italy Historic Review for Business Travel by Traveler - Group and Solo Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 96: Italy 15-Year Perspective for Business Travel by Traveler - Percentage Breakdown of Value Sales for Group and Solo for the Years 2012, 2020 & 2027
TABLE 97: Italy Current & Future Analysis for Business Travel by End-Use - Corporate and Government - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 98: Italy Historic Review for Business Travel by End-Use - Corporate and Government Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
TABLE 99: Italy 15-Year Perspective for Business Travel by End-Use - Percentage Breakdown of Value Sales for Corporate and Government for the Years 2012, 2020 & 2027
UNITED KINGDOM
TABLE 100: UK Current & Future Analysis for Business Travel by Service - Food & Lodging, Recreation and Transportation - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

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