B2B Travel Market by Offering, End-User - Global Forecast 2024-2030

List of Tables

[185 Pages Report] The B2B Travel Market size was estimated at USD 32.71 billion in 2023 and expected to reach USD 36.94 billion in 2024, at a CAGR 13.27% to reach USD 78.30 billion by 2030.

Business-to-Business (B2B) travel refers to transactions and collaborations between businesses facilitating and providing travel-related services. The B2B travel agencies design comprehensive customer travel experiences by leveraging a network of professional relationships and synchronized services. The growing need for enhanced business travel solutions and an increase in the number of travel agencies, tourism companies, and tour operators are accelerating the adoption of B2B travel services. The adoption of B2B travel applications and online portals is increasing as it streamlines booking and management processes while providing real-time information to businesses. However, the limited availability of well-structured information systems coupled with technology issues that can cause inefficiencies in accessing accurate data and executing transactions smoothly may adversely impact the adoption of B2B travel services. Besides, integrating innovative features into B2B travel solutions can enhance user experience and encourage end-users to adopt B2B travel in the upcoming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 32.71 billion
Estimated Year [2024]	USD 36.94 billion
Forecast Year [2030]	USD 78.30 billion
CAGR (%)	13.27%

Offering: Penetration of significant offerings for B2B travel

Travel booking solutions allow businesses to simplify the reservation process for flights, hotels, and car rentals. The user-friendly interface ensures a smooth booking experience with real-time inventory updates and instant confirmation, mitigating the risk of overbooking or unavailability. Travel management solutions ensure efficient control over the company's travel expenditure by centralizing all processes related to business trips. Data analytics & reporting solutions provide valuable data on an organization's travel patterns, spending habits, and potential saving opportunities. The B2B travel services sector encompasses various businesses that cater to the needs of travel agencies, corporations, and other enterprises operating within the travel industry. B2B travel services are witnessing significant demand due to technological advancements, globalization, and increased corporate spending on business travel.

End-User: Expansive availability of the online travel agencies and hotel booking portals with the growing travel and tourism sector

Online Travel Agencies (OTAs) serve as an enhanced solution for customers seeking various travel services, such as flight bookings, accommodations, and vacation packages. OTAs have revolutionized the industry with their user-friendly platforms, extensive inventory, and personalized offers that cater to the evolving preferences of modern travelers. Tour operators play a significant role in curating and executing well-rounded travel experiences by combining multiple components such as transportation, accommodation, meals, sightseeing, and local activities. They possess an in-depth understanding of specific destinations and leverage their expertise to craft tailored itineraries that cater to niche traveler segments. Hotel booking portals are specialized platforms that provide users with an extensive selection of lodging options ranging from budget accommodations to luxury resorts. These portals focus on streamlining the hotel reservation process by offering features such as advanced search filters, customer reviews, real-time availability updates, and secure payment gateways.

Regional Insights

The B2B travel market is evolving in the Americas due to rapid technological advancements, customer preferences, and increased demand for online travel services. In the Asia-Pacific (APAC) region, surging economic growth coupled with an increasing number of B2B travel businesses offering innovative services that cater to personalized demands is resulting in increased adoption of B2B travel services. The EMEA region represents a diverse landscape for B2B travel companies due to significant investments in tourism infrastructure projects and the utilization of advanced technologies, such as AI and blockchain solutions, to manage corporate travel. Additionally, the B2B travel service providers emphasize delivering tailored leisure experiences while ensuring regulatory compliance and data security, which is anticipated to boost the adoption of B2B travel services worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the B2B Travel Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the B2B Travel Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the B2B Travel Market, highlighting leading vendors and their innovative profiles. These include Alternative Airlines Limited, B2B Travel Agency India Pvt Ltd., Best Western International, Inc., Bonton Holidays (P) Ltd., Cozmo Travel LLC, Dubai National Air Travel Agency by The Emirates Group, Emerging Travel Group, Europe Incoming Holdings Ltd., Expedia, Inc., FlightsLogic, Globus Holidays, Grand Australia Tours, GRNconnect, Hotelbeds Group, S.L.U, Kalina Travel Platform, LeEnticing Global, MakeMyTrip, Mystifly Global Consolidation & Technology Services Pte. Ltd., Provab Technosoft Pvt. Ltd., SOCCATOURS Switzerland GmbH, TBO Holidays, Technoheaven Consultancy Pvt. Ltd., TraveloPro, Travelway Tourism & Shipping Ltd., Trawex Technologies Pvt Ltd., Trinity Air Travel and Tours Private Limited, and Turistico s.r.o..

Market Segmentation & Coverage

This research report categorizes the B2B Travel Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Services
- Solutions
  - Data Analytics & Reporting Solutions
  - Travel Booking Solutions
  - Travel Management Solutions
End-User
- Hotel Booking Portals
- Online Travel Agencies
- Tour Operators

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the B2B Travel Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the B2B Travel Market?

3. What are the technology trends and regulatory frameworks in the B2B Travel Market?

4. What is the market share of the leading vendors in the B2B Travel Market?

5. Which modes and strategic moves are suitable for entering the B2B Travel Market?

Product Code: MRR-430C8A7E9C3E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing need for enhanced business travel solutions
  - 5.1.1.2. Increasing number of travel agencies, tourism companies, and tour operators
  - 5.1.1.3. Adoption of B2B travel applications and online portals
- 5.1.2. Restraints
  - 5.1.2.1. Limited availability of well-structured information systems and the associated

technology issues

5.1.3. Opportunities
- 5.1.3.1. Integration of innovative features in B2B travel solutions
- 5.1.3.2. Significant investments to expand B2B services worldwide
5.1.4. Challenges
- 5.1.4.1. Data security and privacy concerns associated with B2B travel solutions

5.2. Market Segmentation Analysis
- 5.2.1. Offering: Penetration of significant offerings for B2B travel
- 5.2.2. End-User: Expansive availability of the online travel agencies and hotel booking portals with the growing travel and tourism sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. B2B Travel Market, by Offering

6.1. Introduction
6.2. Services
6.3. Solutions

7. B2B Travel Market, by End-User

7.1. Introduction
7.2. Hotel Booking Portals
7.3. Online Travel Agencies
7.4. Tour Operators

8. Americas B2B Travel Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific B2B Travel Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa B2B Travel Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. AVIAREPS and the Shanghai Government Launch B2B Platform "SmoothTravel" to Boost Global Business with the Chinese Travel Market
- 11.3.2. Sabre and Revolut Transform B2B Payments in Travel Industry with Successful Partnership
- 11.3.3. Travel Counsellors Acquires Planisto, a Travel Technology Platform
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio