Report ID: SQMIG25S2032
Business Travel Market Size, Share, Growth Analysis, By Service(Transport, Food, lodging, Recreation activity), By Industry(Government, Corporate), By Traveler Type(Group, Solo), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25S2032 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
89 |
Figures:
76
Business Travel Market Regional Insights
North America is estimated to dominate the global business travel market in the forecast period. Business travel market share increased by 38% in the year 2021. The US is considered the best destination for business trips and tours for its well-accommodated facilities and high opportunities, San Francisco and New York are among the top 5 destinations in the world and are considered corporate giants. Expenditure recorded for business travelling in the US amounts to US$ 109.4 billion. The United States has the largest number of conferences, business meetings, and trade shows, with approximately 33 thousand events planned between the years 2022 and 2023.
The Asia Pacific is expected to project high market growth in the estimated period. Countries like South Korea, Japan, India, Singapore, and China are spending largely on attracting business travelers. The growing business and trade opportunities with these countries are further contributing to the Business Travel Market growth. China is the largest business exhibition centre in Asia and is expected to retain its position.
Business Travel Market Report Snapshots
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