1. What is the projected Compound Annual Growth Rate (CAGR) of the Corporate Travel?
The projected CAGR is approximately XX%.
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Corporate Travel by Type (Exhibitions and Trade Fairs, Conferences and Meetings, Corporate Events, Incentive Travel, Others), by Application (Group, Solo), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The corporate travel market, valued at $1.4 trillion in 2023, is expected to expand at a CAGR of 9.4% from 2023 to 2030, reaching $2.9 trillion by decade's end. This growth is being driven by factors such as the increasing globalization of businesses, the rise of emerging markets, and the development of new technologies. The Asia-Pacific region is expected to be the fastest-growing market for corporate travel, with a CAGR of 11.2%.
The corporate travel market is highly fragmented, with a large number of small and medium-sized players. The top five players in the market account for only about 20% of the market share. The largest players in the market include American Express Global Business Travel (GBT), BCD Travel, CWT, Flight Centre, and American Express Travel. These companies offer a wide range of services, including booking flights, hotels, and ground transportation; managing travel expenses; and providing consulting services. The market is expected to continue to consolidate, with the larger players acquiring smaller companies to gain market share.
The global corporate travel industry is projected to reach USD 1.5 trillion by 2028, witnessing substantial growth over the coming years. This expansion is driven by factors such as increased globalization, rising business travel, and advancements in technology.
Key Market Insights
The growth of the corporate travel industry is propelled by several key factors:
Despite the growth potential, the corporate travel industry faces certain challenges and restraints:
Regions:
Segment:
Factors contributing to the projected growth of the corporate travel industry include:
Companies:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of XX% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately XX%.
Key companies in the market include Expedia, Booking, American Express Global Business Travel (GBT), BCD Travel, CWT, Flight Centre, American Express Travel, Travel Leaders Group, Direct Travel, Corporate Travel Management, ATPI, Fareportal, Airbnb, China Tourism Group, China CYTS Tours, .
The market segments include Type, Application.
The market size is estimated to be USD XXX million as of 2022.
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The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Corporate Travel," which aids in identifying and referencing the specific market segment covered.
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