Dublin, July 22, 2020 (GLOBE NEWSWIRE) -- The "Global Business Travel Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The business travel market is poised to grow by $ 268.83 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on the business travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digitization of travel payments and the availability of business services in hotels. In addition, the growing technological advances is anticipated to boost the growth of the market as well.

The business travel market analysis includes expenditure segment, age segment, application segment, and geographic landscapes. This study identifies the growing preference of consumers to book through online travel agencies as one of the prime reasons driving the business travel market growth during the next few years. Also, the personalization of guest data and demand for leisure travel will lead to sizable demand in the market.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The business travel market covers the following areas:

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business travel market vendors that include ADTRAV Corp., Airbnb Inc., BCD Group, Booking Holdings Inc., CWT Global BV, Egencia LLC, FROSCH International Travel Inc., GBT Travel Services UK Limited d/b/a/ American Express Global Business Travel, Ovation Travel Group, and Travel Leaders Group LLC. Also, the business travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

2. Market Landscape

3. Market Sizing

4. Five Forces Analysis

5. Market Segmentation by Application

6. Market Segmentation by Expenditure

7. Market Segmentation by Age

8. Customer landscape

9. Geographic Landscape

10. Vendor Landscape

11. Vendor Analysis

12. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/at52ft

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