Global Business Travel Industry Report 2023-2028 Featuring Airbnb, Booking.com, Wexas, Fareportal, American Express, & Expedia Among Others
DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Business Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global business travel market size reached US$ 1.0 Trillion in 2022. Looking forward, the market is set to reach US$ 1.5 Trillion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.
Along with this, the virtual reality (VR) technology also provides better, efficient and personalized customer experiences, thus bolstering the market growth. Apart from this, the rising trend of Bleisure travel, which incorporates business with pleasure elements and offers leisure or recreational activities to relieve stress and improve work efficiency, has provided a positive thrust to the market.
Large-scale developmnts in the travel and tourism sector, an increase in small and medium enterprises (SMEs) and fast-paced globalization has led to a rise in the number of business travelers. This, along with tie-ups of several corporate organizations with the leading business travel companies to provide customized collaborative spaces and team-building exercises, is acting as another major growth-inducing factor.
Key Questions Answered in This Report:
Key Market Segmentation:
Breakup by Purpose Type:
Breakup by Expenditure:
Breakup by Age Group:
Breakup by Service Type:
Breakup by Travel Type:
Breakup by End-User:
For more information about this report visit https://www.researchandmarkets.com/r/v08vxj
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