Portland, OR -- (SBWIRE) -- 01/10/2018 -- Business travel is a division of regular tourism in which people travel for a business oriented purpose. Business travel includes transportation, accommodation, business work, entertainment, and some other activities. World travel & tourism industry is one of the biggest industries with global economic contribution of more than $7000 billion. Business travel is one of the fastest growing segment of travel industry. In business tourism, destinations are generally commercial places, well-developed, and suited for trade work. It is generally performed for a short period of time. Employees working in multinational organizations are often required to travel across various countries, for various business purposes.
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The rise in demand for business travel management, numerous companies in this field are trying to provide well-managed and cost-effective programs to the customers. Time-management and comfort level of the traveler is very crucial for business travel. Presently the world business travel market growth is mainly driven by increase in investment in business travel, emergence of industrial revolution and increase in globalization.
POTENTIAL BENEFITS OF THIS REPORT FOR STAKEHOLDERS:
-Comprehensive analysis of the current and future trends in the world business travel market are provided in this report.
-The report offers a competitive scenario of the world business travel market with current and future growth trends, structure, driving factors, scope, opportunities, and challenges.
-The report includes a comprehensive analysis of market segments to provide insights on the market dynamics.
-Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
-Value chain analysis provides key inputs on the role of stakeholders involved at various stages of the value chain.
-SWOT analysis of the key market players highlights their strengths and weaknesses along with potential opportunities present in the market.
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Major Market Players Profiled In the Report:
-The Priceline Group
-American Express Travel
-Carlson Wagonlit Travel
-HRG North America