Global Business Travel Market 2021-2025

Global Business Travel Market 2021-2025

Technavio has been monitoring the business travel market and it is poised to grow by $ 1040.59 bn during 2021-2025, progressing at a CAGR of 23.06% during the forecast period. Our report on the business travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing technological advances and digitalization of travel payments. In addition, growing technological advances is anticipated to boost the growth of the market as well.

The business travel market analysis includes expenditure and application segments and geographic landscape.

Technavio's business travel market is segmented as below:

By Expenditure

  • Travel fare
  • Lodging
  • Dining
  • Others
By Application
  • Marketing
  • Internal meeting
  • Trade show
  • Product launch
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • MEA
This study identifies the availability of business services in hotels as one of the prime reasons driving the business travel market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on business travel market covers the following areas:
  • Business travel market sizing
  • Business travel market forecast
  • Business travel market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., BCD Travel Services BV, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Leisure facilities
      • Inputs
      • Inbound logistics
      • Operations
      • Marketing and sales
      • Services
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2020 - 2025 ($ billion)
        • Table Global market: Year-over-year growth 2020 - 2025 (%)
    • Impact of COVID-19 on Consumer discretionary industry
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2020-2025 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Marketing - Market size and forecast 2020-2025
      • Table Marketing - Market size and forecast 2020-2025 ($ billion)
      • Table Marketing - Year-over-year growth 2020-2025 (%)
    • Internal meeting - Market size and forecast 2020-2025
      • Table Internal meeting - Market size and forecast 2020-2025 ($ billion)
      • Table Internal meeting - Year-over-year growth 2020-2025 (%)
    • Trade show - Market size and forecast 2020-2025
      • Table Trade show - Market size and forecast 2020-2025 ($ billion)
      • Table Trade show - Year-over-year growth 2020-2025 (%)
    • Product launch - Market size and forecast 2020-2025
      • Table Product launch - Market size and forecast 2020-2025 ($ billion)
      • Table Product launch - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Market Segmentation by Expenditure
    • Market segments
      • Table Expenditure - Market share 2020-2025 (%)
    • Comparison by Expenditure
      • Table Comparison by Expenditure
    • Travel fare - Market size and forecast 2020-2025
      • Table Travel fare - Market size and forecast 2020-2025 ($ billion)
      • Table Travel fare - Year-over-year growth 2020-2025 (%)
    • Lodging - Market size and forecast 2020-2025
      • Table Lodging - Market size and forecast 2020-2025 ($ billion)
      • Table Lodging - Year-over-year growth 2020-2025 (%)
    • Dining - Market size and forecast 2020-2025
      • Table Dining - Market size and forecast 2020-2025 ($ billion)
      • Table Dining - Year-over-year growth 2020-2025 (%)
    • Others - Market size and forecast 2020-2025
      • Table Others - Market size and forecast 2020-2025 ($ billion)
      • Table Others - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Expenditure
      • Table Market opportunity by Expenditure
  • Market Segmentation by Age
    • Market segments
      • Table Age - Market share 2020-2025 (%)
    • Comparison by Age
      • Table Comparison by Age
    • Above 40 years - Market size and forecast 2020-2025
      • Table Above 40 years - Market size and forecast 2020-2025 ($ billion)
      • Table Above 40 years - Year-over-year growth 2020-2025 (%)
    • Below 40 years - Market size and forecast 2020-2025
      • Table Below 40 years - Market size and forecast 2020-2025 ($ billion)
      • Table Below 40 years - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Age
      • Table Market opportunity by Age
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 ($ billion)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 ($ billion)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020-2025
      • Table North America - Market size and forecast 2020-2025 ($ billion)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020-2025
      • Table South America - Market size and forecast 2020-2025 ($ billion)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 ($ billion)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing technological advances
      • Digitalization of travel payments
      • Availability of business services in hotels
    • Market challenges
      • Rising number of pandemics
      • Travel fatigue
      • Ill-managed travel plans
        • Table Impact of drivers and challenges
    • Market trends
      • Growing preference of consumers to book through online travel agencies
      • Personalization of guest data
      • Growing demand for leisure travel
  • Vendor Landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ADTRAV Corp.
      • Table ADTRAV Corp. - Overview
      • Table ADTRAV Corp. - Product and service
      • Table ADTRAV Corp. - Key offerings
    • Airbnb Inc.
      • Table Airbnb Inc. - Overview
      • Table Airbnb Inc. - Product and service
      • Table Airbnb Inc. - Key offerings
    • BCD Travel Services BV
      • Table BCD Travel Services BV - Overview
      • Table BCD Travel Services BV - Product and service
      • Table BCD Travel Services BV - Key news
      • Table BCD Travel Services BV - Key offerings
    • Booking Holdings Inc.
      • Table Booking Holdings Inc. - Overview
      • Table Booking Holdings Inc. - Business segments
      • Table Booking Holdings Inc. - Key news
      • Table Booking Holdings Inc. - Key offerings
      • Table Booking Holdings Inc. - Segment focus
    • CWT Global BV
      • Table CWT Global BV - Overview
      • Table CWT Global BV - Product and service
      • Table CWT Global BV - Key news
      • Table CWT Global BV - Key offerings
    • Egencia LLC
      • Table Egencia LLC - Overview
      • Table Egencia LLC - Product and service
      • Table Egencia LLC - Key news
      • Table Egencia LLC - Key offerings
    • FROSCH International Travel Inc.
      • Table FROSCH International Travel Inc. - Overview
      • Table FROSCH International Travel Inc. - Business segments
      • Table FROSCH International Travel Inc. - Key offerings
    • GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel
      • Table GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel -Overview
      • Table GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel -Product and service
      • Table GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Key news
      • Table GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel - Key offerings
    • Ovation Travel Group
      • Table Ovation Travel Group - Overview
      • Table Ovation Travel Group - Product and service
      • Table Ovation Travel Group - Key offerings
    • Travel Leaders Group LLC
      • Table Travel Leaders Group LLC - Overview
      • Table Travel Leaders Group LLC - Product and service
      • Table Travel Leaders Group LLC - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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