IT Intelligence Markets added Most up-to-date research on “Global Business Travel Market – by Service (Transportation, Food & Lodging, Business Activity), Industry (Government, Corporate), Traveler (Group and Solo) Along With Future Outlook, 2023” to its huge collection of research reports

Pune, India -- (SBWire) -- 07/05/2018 --Global Business Travel Market Size, Status and Forecast 2023". Business travel is travel undertaken for work or business purposes, as opposed to other types of travel, such as for leisure purposes or regularly commuting between one's home and workplace. Development of the in travel & tourism industry, rise in globalization, and rapid increase in small- & medium-sized enterprises (SMEs) drive the growth of the business travel market. In addition, growth in travel retail market and increase in infrastructural investment are anticipated to create lucrative opportunities for the global business travel market. However, high adoption of technology and stringent regulations in airport retailing hamper the business travel market growth.

The report examines the entire demand and supply chain in the global Business Travel market and concentrates the various components. The effect of Porter's five forces on the growth of the market has been likewise studied in the report.

Business travel market size was valued at +$1,265 billion in 2016, and is projected to reach +$1,655 billion by 2023, growing at a CAGR of +3% from 2017 to 2023

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Top Companies Profiled in this Report includes: American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, Hogg Robinson Group, The Priceline Group, Fareportal, Inc. (travelong inc.), and Wexas Travel.

Business travel market is anticipated to be the dominating consumer of the business travel market, owing to the presence of large number of SMEs availing frequent domestic business trips, as this segment seeks for every small opportunity to increase its market presence, expand within the domestic regions & globally, and gain higher market share.

The business travel market is highly fragmented owing to the presence of several travel companies and agencies. Business travel service providers compete on the basis of types of pricing, government licensing, service portfolio, and safety measures. Their business operations in the corporate travel market are impacted by factors such as demographic trends, Intense competition, consumer spending patterns, and frequent changes in consumer preferences'

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Table of Content:

Chapter 1 Industry Overview of Business Travel

Chapter 2 Manufacturing Cost Structure Analysis of Business Travel

Chapter 3 Technical Data and Manufacturing Plants Analysis of Business Travel

Chapter 4 Global Business Travel Overall Market Overview

Chapter 5 Business Travel Regional Market Analysis

Chapter 6 Major Manufacturers Analysis of Business Travel

Chapter 7 Development Trend of Analysis of Business Travel Market

Chapter 8 Business Travel Marketing Type Analysis

Chapter 9 Conclusion of the Global Business Travel Market Professional Survey Report 2018

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