Market Overview:
The global business travel management service market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cost-effective and efficient business travel management services by large enterprises and SMEs across the globe. Additionally, the growing adoption of online business travel management services is also contributing to the growth of this market. However, lack of awareness about these services among small businesses is restraining the growth of this market to some extent. On the basis of type, the global business travel management service market can be segmented into online service and offline service.
Product Definition:
Business travel management service refers to the various professional services that help organizations manage their business travel needs. This can include anything from booking flights and hotels to organizing transportation and creating itineraries. Business travel management services can be extremely helpful in ensuring that trips are organized efficiently and cost-effectively. They can also help companies save time and money by streamlining the process of arranging travel for employees.
Online Service:
Online service is a web-based application software that helps in managing the business travel of an organization. It provides services such as online booking and ticketing, expense reporting, and employee time management. The primary function of online service is to help organizations manage their business travel effectively by providing all the necessary tools for planning, executing, monitoring & controlling corporate trips.
Offline Service:
Offline service is a term used for services that are provided in physical presence. These services include laundry, meal preparation, and other daily living aids to the elderly or disabled population. The major benefit of offline service is that it helps in reducing the cost of travel by providing local residents with employment opportunities and an income source.
Application Insights:
The large enterprise segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The large enterprise segment requires a dedicated service for handling business travel management, as it has multiple locations and departments across different industries. This makes it difficult to handle travel arrangements on own, which is where a B2B service provider comes handy.
The small-to-medium enterprises (SMEs) application segment is expected to register the highest CAGR of XX% from 2018 to 2030 owing to their growing participation in global trade activities and rapid urbanization that require flexible work schedules. SMEs are increasingly adopting online services as they can access various resources such as corporate guides, insurance providers, visa specialists through an online portal with just one login ID/password combination. Offline services are also available at affordable costs; however, users have less flexibility when compared with their counterparts who use online services only.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for business travel management services in countries, such as U.S., and Canada among others.
The Middle East & Africa was one of the fastest growing regional markets with a CAGR of XX% from 2018 To 2030 due to rapid development taking place in various sectors including tourism, healthcare, education etc.
Growth Factors:
- Increasing demand for business travel due to globalization and the rise of the digital economy.
- The growth of mobile technologies and apps that make it easier for travelers to book, manage, and track their trips.
- The increasing number of business travelers who are looking for ways to save money on their trips.
- The growing popularity of "bleisure" travel among business travelers who want to combine work with pleasure on their trips.
- The increasing demand from companies for travel management services that can help them reduce costs and improve efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Travel Management Service Market Research Report
By Type
Online Service, Offline Service
By Application
Large Enterprises, SMEs
By Companies
CWT, Corporate Travel Management, FCM Travel Solutions, Direct Travel, GBT Travel Services, ARTA Travel, BCD Group, Cain Travel & Events, Corporate Travel Planners, CorpTrav, Enterprise Holdings, GTITravel, JTB Business Travel, National Express, Radius Travel, Safe Harbors Business Travel, Teplis Travel Service
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Business Travel Management Service Market Report Segments:
The global Business Travel Management Service market is segmented on the basis of:
Types
Online Service, Offline Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CWT
- Corporate Travel Management
- FCM Travel Solutions
- Direct Travel
- GBT Travel Services
- ARTA Travel
- BCD Group
- Cain Travel & Events
- Corporate Travel Planners
- CorpTrav
- Enterprise Holdings
- GTITravel
- JTB Business Travel
- National Express
- Radius Travel
- Safe Harbors Business Travel
- Teplis Travel Service
Highlights of The Business Travel Management Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Service
- Offline Service
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Travel Management Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business travel management service is a type of travel agency that specializes in organizing and managing business trips for its clients. This can include everything from booking flights, hotels, and car rentals to arranging meetings and events.
Some of the major players in the business travel management service market are CWT, Corporate Travel Management, FCM Travel Solutions, Direct Travel, GBT Travel Services, ARTA Travel, BCD Group, Cain Travel & Events, Corporate Travel Planners, CorpTrav, Enterprise Holdings, GTITravel, JTB Business Travel, National Express, Radius Travel, Safe Harbors Business Travel, Teplis Travel Service.
The business travel management service market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Travel Management Service Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Business Travel Management Service Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Business Travel Management Service Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Business Travel Management Service Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Business Travel Management Service Market Size & Forecast, 2018-2028 4.5.1 Business Travel Management Service Market Size and Y-o-Y Growth 4.5.2 Business Travel Management Service Market Absolute $ Opportunity
Chapter 5 Global Business Travel Management Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Travel Management Service Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Travel Management Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Travel Management Service Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Travel Management Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Travel Management Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Travel Management Service Analysis and Forecast
9.1 Introduction
9.2 North America Business Travel Management Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Travel Management Service Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Travel Management Service Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Travel Management Service Analysis and Forecast
10.1 Introduction
10.2 Europe Business Travel Management Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Travel Management Service Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Travel Management Service Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Travel Management Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Travel Management Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Travel Management Service Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Travel Management Service Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Travel Management Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Travel Management Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Travel Management Service Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Travel Management Service Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Travel Management Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Travel Management Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Travel Management Service Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Travel Management Service Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Travel Management Service Market: Competitive Dashboard
14.2 Global Business Travel Management Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CWT
14.3.2 Corporate Travel Management
14.3.3 FCM Travel Solutions
14.3.4 Direct Travel
14.3.5 GBT Travel Services
14.3.6 ARTA Travel
14.3.7 BCD Group
14.3.8 Cain Travel & Events
14.3.9 Corporate Travel Planners
14.3.10 CorpTrav
14.3.11 Enterprise Holdings
14.3.12 GTITravel
14.3.13 JTB Business Travel
14.3.14 National Express
14.3.15 Radius Travel
14.3.16 Safe Harbors Business Travel
14.3.17 Teplis Travel Service