Business Travel Market size is projected to grow at a CAGR of 7.6% during the forecast period, from 2022 to 2029, to reach a market size of USD 1.0 trillion by 2029, from USD $1.5 trillion in 2022.

Business Travel Market Overview:

The purpose of this study is to provide a thorough overview of the Business Travel Market by component, application, industry, and geography. The article goes into great detail about the primary factors influencing the Business Travel market's growth. The report also includes a comprehensive examination of the market's value chain.

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Business Travel Market Scope:

Secondary research is used to assess and predict the Business Travel industry, and it begins with sources that gather revenue data from major suppliers. When assessing market segmentation, vendor offerings are also considered. Using the bottom-up approach, the entire size of the Business Travel market was calculated using the income of major enterprises.

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Business Travel Market Segmentation:

by Service

Transportation
Food &Lodging
Recreation

by Industry

Government
Corporate

Business Travel Market Key Players:

1. American Express Global Business Travel - United States
2. Carlson Wagonlit Travel - United States
3. Expedia Group - United States
4. Flight Centre Travel Group - Australia
5. BCD Travel - Netherlands
6. Corporate Travel Management - Australia
7. Hogg Robinson Group - United Kingdom
8. Egencia - United States
9. ATG Travel - United States
10. Direct Travel - United States
11. Travel Leaders Group - United States
12. Frosch International Travel - United States
13. HRG North America - United Kingdom
14. Omega World Travel - United States
15. Ovation Travel Group - United States
16. BCD Meetings and Events - Netherlands
17. World Travel, Inc. - United States
18. Reed & Mackay - United Kingdom
19. Uniglobe Travel International - Canada
20. Travel and Transport - United States
21. Christopherson Business Travel - United States
22. Acendas - United States
23. Protravel International - United States
24. Adelman Travel Group - United States
25. CWT Meetings & Events - United States

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Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

COVID-19 Impact Analysis on Business Travel Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance are among the industries affected by the COVID-19 epidemic. COVID-19 has had an impact on the Business Travel market as a whole, as well as the growth rate in 2019-2020 as COVID-19's impact spreads. Our most recent research, perspectives, and management knowledge are critical to the enterprises and associations in the Business Travel sector, which is pushing through the COVID-19 emergency to deal with the danger of digitization employment in order to provide trustworthy facts and experiences to CEOs.

Key Questions Answered in the Business Travel Market Report are:

Which segment captured the most market share in the Business Travel market?
What was the Business Travel market's competitive environment in 2022?
What are the primary elements driving the Business Travel market's growth?
In 2022, which region had the most proportion of the Business Travel market?
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