PUBLISHER: IMARC | PRODUCT CODE: 1642470
PUBLISHER: IMARC | PRODUCT CODE: 1642470
Business Travel Market Report by Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End-User, and Region 2025-2033
The global business travel market size reached USD 1.1 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Trillion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033. Increasing globalization of businesses, advancements in technology facilitating remote communication, the rise of multinational corporations necessitating cross-border travel, the growing importance of emerging markets, evolution of travel management solutions, adoption of flexible work arrangements, and government initiatives promoting tourism are factors some of the factors facilitating the market growth
Business travel, also known as corporate travel, is a journey explicitly undertaken for work purposes or to expand business operations. It includes traveling to a different branch of the company, or to a different location to meet with suppliers and buyers, or for conferences and business events. In recent years, the rapidly globalizing world has accelerated the trend of business travel, which collectively includes client meetings, brand and product promotion, business expansion, and employee training and incentives.
The global market is primarily being influenced by the increasing digitization in the tourism and corporate sectors. In line with this, growing penetration of the Internet of Things (IoT) has enabled both the travelers and the travel operators to get things done swiftly and with ease. 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 developments 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.
Business Travel Market Segmentation:
Breakup by Type:
Managed Business Travel
Unmanaged Business Travel
Breakup by Purpose Type:
Marketing
Internal Meetings
Trade Shows
Product Launch
Others
Breakup by Expenditure:
Travel Fare
Lodging
Breakup by Age Group:
Breakup by Service Type:
Breakup by Travel Type:
Breakup by End-User:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Business Travel Market
6 Market Breakup by Type
7 Market Breakup by Purpose Type
8 Market Breakup by Expenditure
9 Market Breakup by Age Group
10 Market Breakup by Service Type
11 Market Breakup by Travel Type
12 Market Breakup by End-User
13 Market Breakup by Region
14 SWOT Analysis
15 Value Chain Analysis
16 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
- Figure 1: Global: Business Travel Market: Major Drivers and Challenges
- Figure 2: Global: Business Travel Market: Sales Value (in Trillion USD), 2019-2024
- Figure 3: Global: Business Travel Market: Breakup by Type (in %), 2024
- Figure 4: Global: Business Travel Market: Breakup by Purpose Type (in %), 2024
- Figure 5: Global: Business Travel Market: Breakup by Expenditure (in %), 2024
- Figure 6: Global: Business Travel Market: Breakup by Age Group (in %), 2024
- Figure 7: Global: Business Travel Market: Breakup by Service Type (in %), 2024
- Figure 8: Global: Business Travel Market: Breakup by Travel Type (in %), 2024
- Figure 9: Global: Business Travel Market: Breakup by End-User (in %), 2024
- Figure 10: Global: Business Travel Market: Breakup by Region (in %), 2024
- Figure 11: Global: Business Travel Market Forecast: Sales Value (in Trillion USD), 2025-2033
- Figure 12: Global: Business Travel (Managed Business Travel) Market: Sales Value (in Billion USD), 2019 & 2024
List of Tables
