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 aims to provide a comprehensive presentation of the global market for Business Travel Management Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Business Travel Management Service. 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, 2018-2023, 2024-2035, ($ millions)
Global top five companies in 2022 (%)
The global Business Travel Management Service market was valued at US$ 7636.7 million in 2022 and is projected to reach US$ 14390 million by 2035, at a CAGR of 9.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Business Travel Management Service include GBT, CWT, FCM Travel Solutions, Direct Travel, CorpTrav (FROSCH), Corporate Travel Management and JTB Business Travel, etc. Top three players occupy for a share about 26%. Asia-Pacific is the largest market, with a share about 41%, followed by Europe and North America. In terms of product, Transportation and Accommodation is the largest segment, with a share over 62%. In terms of application, SMEs is the largest market, with a share over 67%.
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, 2018-2023, 2024-2035 ($ millions)
Global Business Travel Management Service Market Segment Percentages, by Type, 2022 (%)
Consulting Service
Management Software
Global Business Travel Management Service Market, by Application, 2018-2023, 2024-2035 ($ millions)
Global Business Travel Management Service Market Segment Percentages, by Application, 2022 (%)
Large Enterprises
SMEs
Global Business Travel Management Service Market, By Region and Country, 2018-2023, 2024-2035 ($ Millions)
Global Business Travel Management Service Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (estimated), ($ millions)
Key companies Business Travel Management Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Carlson Wagonlit Travel
Corporate Travel Management
S.R. Travel Service
FCM Travel Solutions
GBT Travel Services
ARTA Travel
BCD Group
Cain Travel
Corporate Travel Planners
EHI Direct
CorpTrav
Outline of Major Chapters:
Chapter 1: Introduces the definition of Business Travel Management Service, market overview.
Chapter 2: Global Business Travel Management Service market size in revenue.
Chapter 3: Detailed analysis of Business Travel Management Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Business Travel Management Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.