Business Travel Management Service Market

Business travel management providers offer services to help companies create ideal and effective travel arrangement processes. Providers help direct businesses toward the most favorable airfare, hotel, rental car, and travel insurance accommodations on an ad-hoc or ongoing basis. These services ensure corporate trips are well organized and within a specified budget by negotiating travel costs and connecting businesses to established partners for travel discounts. Many providers also offer financial consulting services by analyzing a business' average travel spend to improve implemented travel arrangement processes.

Companies typically utilize business travel management services to gain the highest possible ROI on travel spend. Providers identify savings methods by analyzing the travel and tourism market to offer educated travel arrangement insights to clients. Many providers are involved in partnership programs, giving businesses access to special vendor discounts.

Beyond consulting, many business travel management services providers may help businesses implement a travel arrangement software as a long-term travel budgeting and planning tool. Businesses can also implement financial consulting providers for deeper and more broad budget analysis.

The Business Travel Management Service industry can be broken down into several segments, Consulting Services, Transportation & Accommodation, etc.

Across the world, the major players cover CWT, Corporate Travel Management, etc.

Business Travel Management Service Market contains market size and forecasts of Business Travel Management Service in Global, including the following market information:

Global Business Travel Management Service Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Business Travel Management Service market was valued at 7636.7 million in 2021 and is projected to reach US$ 10390 million by 2028, at a CAGR of 4.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Consulting Services Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Business Travel Management Service include CWT, Corporate Travel Management, FCM Travel Solutions, Direct Travel, GBT, ARTA Travel, BCD Group, Cain Travel & Events and CorpTrav (FROSCH), etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Business Travel Management Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Business Travel Management Service Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Business Travel Management Service Market Segment Percentages, by Type, 2021 (%)

Consulting Services

Transportation & Accommodation

Meetings & Events Management

Others

Global Business Travel Management Service Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Business Travel Management Service Market Segment Percentages, by Application, 2021 (%)

Large Enterprises

SMEs

Government & Nonprofits

Global Business Travel Management Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Business Travel Management Service Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Business Travel Management Service revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Business Travel Management Service revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

CWT

Corporate Travel Management

FCM Travel Solutions

Direct Travel

GBT

ARTA Travel

BCD Group

Cain Travel & Events

CorpTrav (FROSCH)

Enterprise Holdings

GTI Travel

JTB Business Travel

National Express

Radius Travel

Safe Harbors Business Travel

Teplis Travel Service