The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (AmericaNewsHour) —
Global Business Travel Market is further estimated to grow at a CAGR of 4.2% from 2019 to reach USD 17.97 Billion by the year 2025. 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.

Major market players in Business Travel Market are Expedia Inc., American Express Company, Cwt Global B.V., Airbnb Inc., BCD Group, Fareportal Inc., Hogg Robinson Group Plc., The Priceline Group Inc., Flight Centre Travel Group LTD, Wexas LTD, and other 10 more companies Overview is provided in the report. 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.

Request To Download Sample of This Strategic Report:

SWOT Analysis of Business Travel Market:
Growing travel & tourism Market
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 Market 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 & lodging segment is expected to hold the highest CAGR during the forecast period.

Business Travel Market Segmentation:
By Market Type

By Traveler
*Group Travel
*Solo Travel

By Service
*Food & Lodging
*Recreational Activities

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

Get Complete Access of Study Report:

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research
Email: [email protected]
Phone: +1 313 462 0609

The post Business Travel Market Outlook , Size, Forecasts, Demand, Competitive Analysis, Growth Factors, Key Players appeared first on America News Hour.


Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article