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Business Travel

The global business travel market is experiencing significant growth, with estimates projecting a steady increase in market size over the next decade. Various reports suggest growth rates ranging from 6.3% to 13.2% annually, with market size projections reaching up to USD 9.03 billion by 2034. Factors such as increasing globalization, technological advancements, and evolving consumer preferences are expected to drive this growth. Additionally, segments like corporate travel and online travel are anticipated to play a crucial role in shaping the future landscape of the business travel industry. This positive outlook reflects a promising trajectory for the market, indicating potential opportunities for businesses operating in this sector.

Segments and Share

Size and Growth in millions of USD

9.1% annual growth rate

Trends

Incumbents, Competitors and Reads

TravelPerk
TravelPerk offers corporate travel management services with an industry-leading travel inventory, 24/7 support, and easy booking options.
Business Travel News Europe
Business Travel News Europe is a leading source of information serving Europe's managed business travel and meetings market, providing news, analysis, and research for business travel management professionals.
CTM Meetings & Events
CTM Meetings & Events specializes in corporate meetings and events management, delivering exceptional attendee experiences and strategic outcomes for businesses.
Amex GBT
Amex Global Business Travel provides end-to-end corporate travel management solutions including online booking tools, event planning, and spend management.
JTB Business Travel
JTB Business Travel Management (TMC) - From Planning and Booking to In-trip Experiences and Post-trip Expense Reporting Support, We Empower Your Business.
Corporate Travel Management
Partner with us for a connected event experience that drives results for your business, people, and budget. Learn more about CTM Meetings & Events · Whether you’re a global enterprise, national corporate, or fast-growing start-up, we design travel management solutions that deliver on your goals.
African Travel & Tourism Association
The African Travel & Tourism Association (ATTA) promotes tourism to Africa and supports the growth of sustainable tourism. They work with a wide network of African tourism businesses, providing resources and connections for travelers looking to explore the continent.
Wilderness Safaris
Wilderness Safaris is a leading ecotourism company in Africa, offering luxury safari experiences while promoting conservation and community empowerment. With a focus on sustainability, Wilderness Safaris operates in various African countries, showcasing the beauty of the continent's wildlife and landscapes.
TravelEdge
A leading travel management company in Australia offering innovative solutions for corporate travel.
CWT (Carlson Wagonlit Travel)
CWT is a global leader specializing in business travel management and meetings & events. With offices worldwide, CWT offers innovative solutions to optimize travel and event planning for businesses.
RexturAdvance
RexturAdvance is a prominent Brazilian corporate travel management company providing tailored solutions for businesses to efficiently manage their travel needs. With a focus on customer service and cost-effectiveness, RexturAdvance is a trusted partner for many organizations.

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