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Business Travel Market By Service (Transportation, Food & Lodging, Recreational Activities) By Industry Type (Government, Corporate) By Traveler (Group Travel, Solo Travel) - Global Size Analysis and Industry Forecast, 2018-2023.

 Automotive and Transportation

Report Overview

GLOBAL BUSINESS TRAVEL MARKET was valued at USD 1.26 Billion in the year 2017. Global Business Travel Market is further estimated to grow at a CAGR of 5.01% from 2018 to reach USD 1.69 Billion by the year 2023.

BCD Group (Netherlands), Fareportal, Inc. (U.S), Flight Centre Travel Group Limited (Australia), Airbnb Inc. (U.S), Expedia Inc. (U.S), American Express Company (U.S),  Hogg Robinson Group Plc. (U.K), The Priceline Group Inc. (U.S) and Wexas Limited (U.K) are some of the key players in the Global Business Travel market. Better global reach at an operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

In the global business travel market by region, Asia Pacific region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to strong economic growth. At a country level, Japan and China are projected to grow strongly in the coming years due to tremendous industrial growth.


            Growing travel & tourism industry

            Increasing disposable income.


            High incurred costs

            Adoption of technology


            Increase in the globalization of businesses


            Growing technological advancement

The segmentation are done on the basis services, by Industry Type, by Traveler and by region. On the basis of services, the Global Business Travel Market is sub segmented as transportation, food & lodging and recreational activities of which the food & lodgingsegment is expected to hold the highest CAGR during the forecast period.

The segmentation done on the basis of industry type includes Government and corporate of which corporate segment is expected to hold the highest market share among other industries. On the basis of traveler the market is segmented as Group Travel and Solo Travel of which group as a traveler is expected to grow at the highest Market share during the forecasted period.

Key Benefits for Stakeholders

Business Travel service providers

Research and Consulting Organization

End use industries

Regulatory bodies and consumers.

By Service


Food & Lodging

Recreational Activities

By Industry Type



By Traveler

Group Travel

Solo Travel

By Region

North America




Key Market Players

Expedia Inc.

American Express Company (American Express Travel Related Services Company, Inc.)

Cwt Global B.V. (Carlson Wagonlit Travel)

Airbnb Inc.

BCD Group (BCD Travel)

Fareportal, Inc. (Travelong Inc.)

Hogg Robinson Group Plc.

The Priceline Group Inc.

Flight Centre Travel Group Limited

Wexas Limited

(A brief overview of 15 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary 

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Business Travel Market, By Service

6.1 Transportation

6.2 Food & Lodging

6.3 Recreational Activities

7. Business Travel Market, By Industry

7.1 Government

7.2 Corporate

8. Business Travel Market, Traveler

8.1 Group Travel

8.2 Solo Travel

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. France

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. China

       9.4.2. Malaysia

       9.4.3. South Korea

       9.4.4. India

            9.4.5 Ro APAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Expedia Inc.

10.2 American Express Company (American Express Travel Related Services Company, Inc.)

10.3 Cwt Global B.V. (Carlson Wagonlit Travel)

10.4 Airbnb Inc.

10.5 BCD Group (BCD Travel)

10.6 Fareportal, Inc. (Travelong Inc.)

10.7 Hogg Robinson Group Plc.

10.8 The Priceline Group Inc.

10.9 Flight Centre Travel Group Limited

10.10 Wexas Limited

(A brief overview of 15 companies is also provided.)

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)


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