Business Travel Market Expected to Reach $1,657 Billion by 2023
The business travel market size was valued at $1,266 billion in 2016, and is projected to reach $1,657 billion by 2023, growing at a CAGR of 4.1% from 2017 to 2023. The food & lodging segment possesses a strong customer base. The hotel industry operations vary with respect to size, function, and cost. For the expansion of this sector in the business travel market, the hotels have come up with small- to medium-sized hotel establishments. These offer a limited number...
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