Global Business Travel Market (2022 to 2027) - Featuring American Express, BCD Travel and Expedia Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Business Travel Market (2022-2027) by Type, Purpose Type, Expenditure, Service Type, Industry, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Business Travel Market is estimated to be USD 706.14 Bn in 2022 and is projected to reach USD 1324.21 Bn by 2027, growing at a CAGR of 13.4%.

Market dynamics are forces that impact the prices and behaviors of the Global Business Travel Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Business Travel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The report analyses the Global Business Travel Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Business Travel Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Increases in Globalization
• Rapid Growth of SMEs
• Increase in Infrastructure Investments by Regional Governments
• Development of the Tourism Industry

Restraints

• Expanded Adoption of Technology Such as Video Conferencing

Opportunities

• IncreasIng Trend of Bleisure Travel
• Large-Scale Developments in of Travel and Tourism Sector

Challenges

• Channel Leakage, Privacy, and Security Concern

Market Segmentations

The Global Business Travel Market is segmented based on Type, Purpose Type, Expenditure, Service Type, Industry, and Geography.

• By Type, the market is classified into Managed Business Travel and Unmanaged Business Travel.
• By Purpose Type, the market is classified into Marketing, Internal Meetings, Trade Shows/ Conferences, and Product Launch.
• By Expenditure, the market is classified into Travel Fare, Lodging, and Dining.
• By Service Type, the market is classified into Transportation, Food & Lodging, and Recreation.
• By Industry, the market is classified into Government and Corporate.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• Airbnb
• American Express
• BCD Travel
• Booking Holdings
• Cain Travel
• Carlson Wagonlit Travel
• orate Travel Management
• trav
• Expedia
• Fareportal
• FCM Travel Solutions
• Flight Centre Travel
• International Travel House
• Makemytrip
• Priceline
• Skywings
• Travel Leaders
• Wexas Travel

For more information about this report visit https://www.researchandmarkets.com/r/v3u05e