The business travel market is fragmented with players categorized as pure-play and dominant players in this report.
Vendors in the market are focusing on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This market forecast provides information on the competencies and capacities of these companies such as ADTRAV Corp., Airbnb Inc., and BCD Group.
In addition, the business travel market report by Technavio provides information on the production, sustainability, and prospects of several leading companies, including 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.
Growing Demand for Leisure Travel aids Business Travel Market to grow at a CAGR of 3% by 2024 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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Technavio has been monitoring the business travel market and it is poised to grow by 268.83 bn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Business Travel Market 2020-2024 (Graphic: Business Wire) Click Get Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the business travel market. The m