The business travel market increases by $ 4.87 billions compared to 2025 to 2029, motivated by technological advances, report on the impact of AI on market trends
NEW YORK,, February 12, 2025 / Prnewswire / – Report on how AI redefines the market landscape – the business travel market and it should grow by USD 4.87 Tillion from 2025 to 2029. However, the growth dynamic will increase to a TCAC of more than 38.3% during the forecast period, according to Technavio. The business travel market is fragmented and sellers are looking for solid partnerships with automotive, industrial and commercial companies to compete with the market. Adtrav Corp., Airbnb Inc., American Express Global Business Travel GBT, ATG Travel Worldwide BV, BCD Travel Services BV, Booking Holdings Inc., Christopherson Business Travel, CWT Global BV, Direct Travel Inc., Fareportal Inc. , Flight Center Travel Group Ltd., Jpmorgan Chase and Co., Jtbusa Inc., Makemytrip Ltd., Omega World Travel Inc., Travel Leaders Group Holdings LLC, Uniglobe Travel International Limited Partnership, Walmart Inc. and Wexasa Ltd. of the main market players -. To find out the sellers’ offers –Request an example of a report
Technavio has announced its latest market study report entitled Global Business Travel Market 2025-2029
Business Travel Market 2025-2029: Scope
Technavio presents a detailed image of the market by study, summary and summons of data from several sources. THE Business travel market The report covers the following areas:
The business travel market is fragmented and the degree of fragmentation will accelerate. Increasing technological advances will offer immense growth opportunities. However, the growing penetration of online videoconferencing platforms will hinder market growth
Business Travel Market 2025-2029: drivers and challenges
The business travel market is strongly based on technological progress and solutions that rationalize the process for travel agents and their customers. These innovations allow easy access to travel data, an effective comparison of booking options and selecting the most profitable and profitable comfortable choices. Artificial intelligence (AI) changes significant games, automating the reservation process and eliminating the need to reintegrate employee travel preferences, save precious time and resources. For example, Hilton Hotels, a large chain of hotels, introduced robotic concierges to answer questions. Companies like Mezi use advanced technologies, such as personal travel assistants, to offer a personalized commercial travel travel experience.
The global business travel market faces significant competition from the growing popularity of online videoconferencing platforms like Zoom, Google Meet and others. Due to the pandemic, these platforms have been largely adopted among companies for meetings and conferences. Using videoconference, companies can save on travel costs and communicate effectively in real time. Progress in online banking services, telephone calls, emails and the video conference provide profitable communication and transaction solutions. Companies adopt various communication technologies, such as Skype, Facetime, Google Meet and Zoom, to reduce travel costs and improve productivity.
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Segment overview
This report on the corporate travel market largely covers market segmentation by
Application
Type
Geography
1.1 Marketing – Business Travel plays an essential role in the marketing strategies of small and large companies operating internationally. Known as global marketing, this implies promoting the products and services of a company on foreign markets. Business Travel allows companies to extend their customers and improve the reputation of their brand. By sending employees to international markets, companies acquire valuable information on sales strategies and target customer bases. In addition, Business Travel facilitates global networking, allowing companies to explore opportunities in different markets, such as the search for cheaper labor, profitable advertising and favorable tax laws. These advantages will feed the growth of the marketing segment on the global business travel market throughout the forecast period.
Business Travel Market 2025-2029: key protruding facts
TCAC of the market during the 2025-2029 forecast period
Detailed information on factors that will help growth of the business travel market over the next five years
Estimation of the size of the business travel market and its contribution to the parents’ market
Predictions on trends and upcoming changes in consumer behavior
The growth of the corporate travel market through APAC, Europe,, North America,, South AmericaAnd Middle East And Africa
Analysis of the competitive market landscape and detailed information on suppliers
Complete details of the factors that will challenge the growth of business travel market suppliers
Business travel market
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Details
Basic year
2024
Historical period
2017-2021
Forecast period
2025-2029
Growth and TCAC Momentum
Accelerate a TCAC of 38.3%
Market growth 2025-2029
4,867.6 billion USD
Market structure
Fragmented
Growth in annual shift 2022-2023 (%)
28.6
Regional analysis
APAC, Europe, North America, South America, Middle East and Africa
Market contribution
APAC at 37%
Key country
United States, China, Japan, Germany, India, United Kingdom, Canada, France, Italy and Brazil
Competitive landscape
The main suppliers, the positioning of the supplier market, competitive strategies and industry risks
The main profiled companies
Adtrav Corp., Airbnb Inc., American Express Global Business Travel GBT, ATG Travel Worldwide BV, BCD Travel Services BV, Booking Holdings Inc., Christopherson Business Travel, CWT Global BV, Direct Travel Inc., Fareportal Inc. , Flight Center Travel Group Ltd., Jpmorgan Chase and Co., Jtbusa Inc., Makemytrip Ltd., Omega World Travel Inc., Travel Leaders Group Holdings LLC, Uniglobe Travel International Limited Partnership, Walmart Inc. and Wexasa Ltd.
Market dynamic
Parents’ market analysis, inductors and market growth obstacles, analysis of rapid and slow -growing segments, analysis of the impact and recovery of COVID 19 and future consumer dynamics, analysis of market conditions for the forecast period
Personalization guarantee
If our report has not included the data you are looking for, you can contact our analysts and get personalized segments.
Personalization guarantee
If our report has not included the data you are looking for, you can contact our analysts and get personalized segments.
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