NEW YORK, Sept. 7, 2021 /PRNewswire/ — The »Business Travel Market by Expenditure, Age, Application, and Geography – Forecast and Analysis 2021-2025« report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the business travel market between 2021 and 2025 is USD 1,040.59 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Click Here
Key Market Dynamics:
- Market Driver
- Market Challenges
The growth in technological advances and digitalization of travel payments are some of the key market drivers expected to drive the market during the forecast period. However, factors such as travel fatigue and pandemic restrictions will challenge market’s growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Take a look at our FREE Sample Report right now!
The business travels market report is segmented by expenditure (travel fare, lodging, dining, and others), age (above 40 years and below 40 years), application (marketing, internal meeting, trade show, and product launch), and geography (APAC, Europe, North America, South America, and MEA). Moreover, 42% of the market’s growth will originate from APAC during the forecast period with China and Japan emerging as the key revenue-generating economies for the business travel market in the region.
View our sample report for accurate prediction of the contribution of all the segments, and regional opportunities in store.
Companies Mentioned with their Offerings
- ADTRAV Corp.
- Airbnb Inc.
- BCD Travel Services BV
- Booking Holdings Inc.
- CWT Global BV
- To Gain Access to more Vendor Profiles with their Key Offerings available with Technavio, Click Here
Related Reports on Consumer Discretionary Industry Include:
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Expenditure
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
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