New York, NY -- (SBWIRE) -- 11/15/2017 -- The analysts forecast the global business travel market to grow at a CAGR of 5.11% during the period 2017-2021.

Business travel refers to domestic or international trips made by an employee for several business-related purposes, including the organization of trade shows, marketing of the company, product launches, and internal meetings. Tourism is one of the major sources of revenue for a number of countries and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced a high growth in the last six decades, especially in regions like Europe that host a large number of international travelers on short breaks. Tourists usually have high budgets and a preference for good food and luxury accommodations. However, these preferences may differ from one tourist to another. For instance, some tourists prefer simple beach vacations, while others want family-oriented holidays at quieter resorts, uncommercialized places, or niche market-targeted destination hotels.

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Covered in this report

The report covers the present scenario and the growth prospects of the global business travel market for 2017-2021. To calculate the market size, the report considers the revenue generated from the business travel market by purpose, expenditure, and age.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Business Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- American Express Global Business Travel
- BCD Travel
- Carlson Wagonlit Travel
- Expedia
- Hogg Robinson Group
- Travel Leaders Group

Other prominent vendors
- Adelman Travel
- ADTRAV Travel Management
- ATG
- Frosch International Travel
- JTB Americas
- Omega World Travel
- Ovation Travel Group
- Priceline Group
- UNIGLOBE Travel International

Market driver
- Growing technological advances
- For a full, detailed list, view our report

Market challenge
- Rising terrorist activities
- For a full, detailed list, view our report

Market trend
- Personalization of guest data
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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Table Of Contents – Major Key Points

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
- Market outline

PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis

PART 06: Market segmentation by purpose
- Global business travel market by purpose
- Global business travel market by marketing
- Global business travel market by internal meetings
- Global business travel market by trade shows
- Global business travel market by product launch

PART 07: Market segmentation by expenditure
- Global business travel market by expenditure
- Global business travel market by travel fare
- Global business travel market by lodging
- Global business travel market by dining
- Global business travel market by others

PART 08: Market segmentation by age
- Global business travel market by age
- Global business travel market by travelers below 40 years
- Global business travel market by travelers above 40 years

PART 09: Geographical segmentation
- Global business travel market by region
- Business travel market in APAC
- Business travel market in EMEA
- Business travel market in Americas

PART 10: Key leading countries
- Business travel market in China
- Business travel market in US
- Business travel market in Germany
- Business travel market in Japan

PART 11: Buying criteria
- Service adoption criteria

PART 12: Decision framework

PART 13: Drivers and challenges
- Market drivers
- Market challenges

PART 14: Market trends
- Growing preference of consumers to book through online travel agencies
- Personalization of guest data
- Growing demand for leisure travel

Continue…….

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