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Business Tourism Market- Trend, Growth, Forecast 2024–2032
Business Tourism Market Size Was Valued at USD 1.75 Billion in 2023, and is Projected to Reach USD 2.85 Billion by 2032, Growing at a CAGR of 7.9% From 2024-2032.
IMR Group
Description
Business Tourism Market Synopsis:
Business Tourism Market Size Was Valued at USD 1.75 Billion in 2023, and is Projected to Reach USD 2.85 Billion by 2032, Growing at a CAGR of 7.9% From 2024-2032.
The market of business tourism has remained highly active thanks to the higher frequency and demand for business events, conferences, exhibitions, and incentive travel all around the globe. Business travel refers to the movement of people for business-related activities such as business meetings, incentive trips and reward trips among others, conferences and exhibitions or otherwise known as the MICE sector plays a central role in developing international business relations.
The growth of the business tourism market can partially be attributed to the increase in international conferences and events to which people from many industries and countries come. They enable organizations to reveale new products, in addition to analysing the prevailing market trends, and also foster partnership between global companies. Also, there still remains the need to meet the need for more premium travel and related quality products that are required by business entrepreneurs and superior class employees in their organizations.
North America and Europe have the most developed business tourism market because of well-developed corporate structures and numerous conference facilities in these regions and a thriving business environment. On the other hand Asia-Pacific region is anticipated to showcase the highest growth in the coming forecast period triggered by the emerging giants like China and India which have now turned as global theatre for business events and international meetings. It is predicted that the further development of the approaches related to digital transformation and virtual events will form the future character of business tourism through the initial account of the hybrid approach, which will include both face-to-face participation and remote attendance at events
Business Tourism Market Trend Analysis
Growth of Hybrid and Virtual Events
The business tourism market has experienced significant growth driven by the rise of hybrid and virtual events. These events offer organizations the flexibility to host both in-person and online engagements, attracting a broader audience. Hybrid models, combining physical and digital elements, cater to varying preferences and allow global participation without the need for extensive travel. This adaptability is a game-changer, enabling companies to enhance their reach and impact, especially for international conferences, trade shows, and corporate meetings. The seamless integration of digital platforms with traditional formats ensures continuity, reduces costs, and expands networking opportunities.
Virtual events have gained traction due to their ability to eliminate geographical limitations and reduce logistical complexities. This shift in format has proven especially advantageous in post-pandemic times, with businesses prioritizing safety and cost-efficiency. As virtual tools evolve and audience expectations grow, hybrid and virtual events will remain central to the expansion of business tourism, driving innovation and opening new avenues for collaboration and engagement.
Rising Popularity of Experiential and Bleisure Travel
The business tourism market is witnessing a surge in popularity, driven by the growing trend of “bleisure” travel—combining business trips with leisure activities. This shift in consumer behavior presents significant opportunities for companies within the sector. As professionals seek to balance work with personal exploration, destinations offering integrated work and leisure experiences are becoming increasingly attractive. Businesses are capitalizing on this trend by offering tailored packages that blend conferences, seminars, and leisure activities, positioning themselves to cater to this evolving demand.
With the rise of experiential travel, which emphasizes immersive and engaging experiences, the market is also adapting to meet the needs of travelers seeking more than traditional meetings and conferences. Destinations that offer unique cultural experiences, local activities, and opportunities for relaxation are becoming key factors in decision-making. For companies in the business tourism space, this shift represents an opportunity to innovate and diversify offerings, appealing to a broader segment of the market that values both productivity and personal enrichment.
Business Tourism Market Segment Analysis:
Business Tourism Market is Segmented on the basis of Type, Purpose, Expenditure, Age Group, Traveller, Service, Industry, and Region
By Type, Managed Business Travel segment is expected to dominate the market during the forecast period
The business tourism market is categorized in to two; managed business travel and unmanaged business travel. On the other hand, managed business travel is a kind of business travel that is closely monitored through the corporate travel management department or through a third party agent and it mostly entails the business of decrease of costs, bookings and even the policies that are followed by the company’s travel department. Such type of travel is usually related to the large organizations with the aim of cutting costs, reducing risks, and time wastage.
There is also unmanaged business where employees are on their own when it comes to making bookings, and this entails more freedom regarding destination, accommodation and time of travel. Unmanaged travel provides even bigger liberties to the employees, but involves higher prices of travelling and generally inconsistent travelling experience. While both are on the rise, the manged business travel is still commonly found within the corporate environment due to cost-savvy and efficiencies.
By Industry, Government segment expected to held the largest share
The business tourism market is primarily driven by two key industries: government as well as the corporate world. This segment is led primarily by the government, through the hosting of international conference and business and diplomatic summits, policy meetings, which involve participants from all over the world. These events enhance the international relations and diplomacy, and also shape the international business relationships. On the other hand, the business section to the market is enormous since many businessmen arrange and attend industry tradeshows, corporate events, product launches, and corporate incentives.
Business meetings, conventional conferences, team-building exercises, and other similar activities are on the rise and companies are using their time and resources to travel for creating opportunities for networking, knowledge exchange and business development. It is important for both sectors to supply business tourism services such as but not limited to transport facilities and accommodations, events organizations, and destination suppliers.
Business Tourism Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America is expected to retain its position as the largest consumer of business tourism across the forecast period owing to well-developed corporate structure, boards of international conferences and conventions, and traditionally high rate of business travels.
The opportunities to do business are greatly benefitted by such facilities of multinational companies, convention centres and business capitals like New York, Chicago, Toronto and Los Angeles of the region. On the same note, ample growth of bleisure travel coupled with the use of tag-on face-to-face meetings in hybrid or event based virtual meetings is expected to catalyze the demand in North America. Owning to improved air access, high expenditure on business travel, and a shifting focus toward premium business events, North America continues to be a leading global market for business tourism
Active Key Players in the Business Tourism Market
Airbnb, Inc. (U.S.)
American Express Compny (U.S.)
BCD Group (Netherland)
Booking Holdings (U.S.)
CWT Solutions (U.S.)
Corporate Travel Management (Australia)
Expedia, Inc. (U.S.)
Fareportal (U.S.)
Flight Centre Travel Group Limited (formerly Flight Centre Limited) (U.S.)
Wexas Travel (U.K.)
Hogg Robinson Ltd (U.K.)
Priceline (U.S.)
Egencia LLC (U.S.)
Frosch International Travel (U.K.)
Ovation Travel Group (U.S.)
Travel Leaders Group (U.S.)
Others Active Players
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Business Tourism Market by Type
4.1 Business Tourism Market Snapshot and Growth Engine
4.2 Business Tourism Market Overview
4.3 Managed Business Travel
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Managed Business Travel: Geographic Segmentation Analysis
4.4 Unmanaged Business Travel
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Unmanaged Business Travel: Geographic Segmentation Analysis
Chapter 5: Business Tourism Market by Purpose
5.1 Business Tourism Market Snapshot and Growth Engine
5.2 Business Tourism Market Overview
5.3 Internal Meetings
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Internal Meetings: Geographic Segmentation Analysis
5.4 Trade Shows
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Trade Shows: Geographic Segmentation Analysis
5.5 Product Launch
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Product Launch: Geographic Segmentation Analysis
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation Analysis
Chapter 6: Business Tourism Market by Expenditure
6.1 Business Tourism Market Snapshot and Growth Engine
6.2 Business Tourism Market Overview
6.3 Travel Fare
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Travel Fare: Geographic Segmentation Analysis
6.4 Lodging
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Lodging: Geographic Segmentation Analysis
6.5 Dining
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Dining: Geographic Segmentation Analysis
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation Analysis
Chapter 7: Business Tourism Market by Age Group
7.1 Business Tourism Market Snapshot and Growth Engine
7.2 Business Tourism Market Overview
7.3 Travelers below 40 Years
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Travelers below 40 Years: Geographic Segmentation Analysis
7.4 Travelers above 40 Years
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Travelers above 40 Years: Geographic Segmentation Analysis
Chapter 8: Business Tourism Market by Traveller
8.1 Business Tourism Market Snapshot and Growth Engine
8.2 Business Tourism Market Overview
8.3 Group Travel
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Group Travel: Geographic Segmentation Analysis
8.4 Solo Travel
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Solo Travel: Geographic Segmentation Analysis
Chapter 9: Business Tourism Market by Service
9.1 Business Tourism Market Snapshot and Growth Engine
9.2 Business Tourism Market Overview
9.3 Transportation
9.3.1 Introduction and Market Overview
9.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
9.3.3 Key Market Trends, Growth Factors and Opportunities
9.3.4 Transportation: Geographic Segmentation Analysis
9.4 Food and Lodging
9.4.1 Introduction and Market Overview
9.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
9.4.3 Key Market Trends, Growth Factors and Opportunities
9.4.4 Food and Lodging: Geographic Segmentation Analysis
9.5 Recreation Activity
9.5.1 Introduction and Market Overview
9.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
9.5.3 Key Market Trends, Growth Factors and Opportunities
9.5.4 Recreation Activity: Geographic Segmentation Analysis
Chapter 10: Business Tourism Market by Industry
10.1 Business Tourism Market Snapshot and Growth Engine
10.2 Business Tourism Market Overview
10.3 Government
10.3.1 Introduction and Market Overview
10.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
10.3.3 Key Market Trends, Growth Factors and Opportunities
10.3.4 Government: Geographic Segmentation Analysis
10.4 Corporate
10.4.1 Introduction and Market Overview
10.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
10.4.3 Key Market Trends, Growth Factors and Opportunities
10.4.4 Corporate: Geographic Segmentation Analysis
Chapter 11: Company Profiles and Competitive Analysis
11.1 Competitive Landscape
11.1.1 Competitive Benchmarking
11.1.2 Business Tourism Market Share by Manufacturer (2023)
11.1.3 Industry BCG Matrix
11.1.4 Heat Map Analysis
11.1.5 Mergers and Acquisitions
11.2 AIRBNB INC. (U.S.)
11.2.1 Company Overview
11.2.2 Key Executives
11.2.3 Company Snapshot
11.2.4 Role of the Company in the Market
11.2.5 Sustainability and Social Responsibility
11.2.6 Operating Business Segments
11.2.7 Product Portfolio
11.2.8 Business Performance
11.2.9 Key Strategic Moves and Recent Developments
11.2.10 SWOT Analysis
11.3 AMERICAN EXPRESS COMPNY (U.S.)
11.4 BCD GROUP (NETHERLAND)
11.5 BOOKING HOLDINGS (U.S.)
11.6 CWT SOLUTIONS (U.S.)
11.7 CORPORATE TRAVEL MANAGEMENT (AUSTRALIA)
11.8 EXPEDIA INC. (U.S.)
11.9 FAREPORTAL (U.S.)
11.10 FLIGHT CENTRE TRAVEL GROUP LIMITED (FORMERLY FLIGHT CENTRE LIMITED) (U.S.)
11.11 WEXAS TRAVEL (U.K.)
11.12 HOGG ROBINSON LTD (U.K.)
11.13 PRICELINE (U.S.)
11.14 EGENCIA LLC (U.S.)
11.15 FROSCH INTERNATIONAL TRAVEL (U.K.)
11.16 OVATION TRAVEL GROUP (U.S.)
11.17 TRAVEL LEADERS GROUP (U.S.)
11.18 OTHER ACTIVE PLAYERS
Chapter 12: Global Business Tourism Market By Region
12.1 Overview
12.2. North America Business Tourism Market
12.2.1 Key Market Trends, Growth Factors and Opportunities
12.2.2 Top Key Companies
12.2.3 Historic and Forecasted Market Size by Segments
12.2.4 Historic and Forecasted Market Size By Type
12.2.4.1 Managed Business Travel
12.2.4.2 Unmanaged Business Travel
12.2.5 Historic and Forecasted Market Size By Purpose
12.2.5.1 Internal Meetings
12.2.5.2 Trade Shows
12.2.5.3 Product Launch
12.2.5.4 Others
12.2.6 Historic and Forecasted Market Size By Expenditure
12.2.6.1 Travel Fare
12.2.6.2 Lodging
12.2.6.3 Dining
12.2.6.4 Others
12.2.7 Historic and Forecasted Market Size By Age Group
12.2.7.1 Travelers below 40 Years
12.2.7.2 Travelers above 40 Years
12.2.8 Historic and Forecasted Market Size By Traveller
12.2.8.1 Group Travel
12.2.8.2 Solo Travel
12.2.9 Historic and Forecasted Market Size By Service
12.2.9.1 Transportation
12.2.9.2 Food and Lodging
12.2.9.3 Recreation Activity
12.2.10 Historic and Forecasted Market Size By Industry
12.2.10.1 Government
12.2.10.2 Corporate
12.2.11 Historic and Forecast Market Size by Country
12.2.11.1 US
12.2.11.2 Canada
12.2.11.3 Mexico
12.3. Eastern Europe Business Tourism Market
12.3.1 Key Market Trends, Growth Factors and Opportunities
12.3.2 Top Key Companies
12.3.3 Historic and Forecasted Market Size by Segments
12.3.4 Historic and Forecasted Market Size By Type
12.3.4.1 Managed Business Travel
12.3.4.2 Unmanaged Business Travel
12.3.5 Historic and Forecasted Market Size By Purpose
12.3.5.1 Internal Meetings
12.3.5.2 Trade Shows
12.3.5.3 Product Launch
12.3.5.4 Others
12.3.6 Historic and Forecasted Market Size By Expenditure
12.3.6.1 Travel Fare
12.3.6.2 Lodging
12.3.6.3 Dining
12.3.6.4 Others
12.3.7 Historic and Forecasted Market Size By Age Group
12.3.7.1 Travelers below 40 Years
12.3.7.2 Travelers above 40 Years
12.3.8 Historic and Forecasted Market Size By Traveller
12.3.8.1 Group Travel
12.3.8.2 Solo Travel
12.3.9 Historic and Forecasted Market Size By Service
12.3.9.1 Transportation
12.3.9.2 Food and Lodging
12.3.9.3 Recreation Activity
12.3.10 Historic and Forecasted Market Size By Industry
12.3.10.1 Government
12.3.10.2 Corporate
12.3.11 Historic and Forecast Market Size by Country
12.3.11.1 Russia
12.3.11.2 Bulgaria
12.3.11.3 The Czech Republic
12.3.11.4 Hungary
12.3.11.5 Poland
12.3.11.6 Romania
12.3.11.7 Rest of Eastern Europe
12.4. Western Europe Business Tourism Market
12.4.1 Key Market Trends, Growth Factors and Opportunities
12.4.2 Top Key Companies
12.4.3 Historic and Forecasted Market Size by Segments
12.4.4 Historic and Forecasted Market Size By Type
12.4.4.1 Managed Business Travel
12.4.4.2 Unmanaged Business Travel
12.4.5 Historic and Forecasted Market Size By Purpose
12.4.5.1 Internal Meetings
12.4.5.2 Trade Shows
12.4.5.3 Product Launch
12.4.5.4 Others
12.4.6 Historic and Forecasted Market Size By Expenditure
12.4.6.1 Travel Fare
12.4.6.2 Lodging
12.4.6.3 Dining
12.4.6.4 Others
12.4.7 Historic and Forecasted Market Size By Age Group
12.4.7.1 Travelers below 40 Years
12.4.7.2 Travelers above 40 Years
12.4.8 Historic and Forecasted Market Size By Traveller
12.4.8.1 Group Travel
12.4.8.2 Solo Travel
12.4.9 Historic and Forecasted Market Size By Service
12.4.9.1 Transportation
12.4.9.2 Food and Lodging
12.4.9.3 Recreation Activity
12.4.10 Historic and Forecasted Market Size By Industry
12.4.10.1 Government
12.4.10.2 Corporate
12.4.11 Historic and Forecast Market Size by Country
12.4.11.1 Germany
12.4.11.2 UK
12.4.11.3 France
12.4.11.4 The Netherlands
12.4.11.5 Italy
12.4.11.6 Spain
12.4.11.7 Rest of Western Europe
12.5. Asia Pacific Business Tourism Market
12.5.1 Key Market Trends, Growth Factors and Opportunities
12.5.2 Top Key Companies
12.5.3 Historic and Forecasted Market Size by Segments
12.5.4 Historic and Forecasted Market Size By Type
12.5.4.1 Managed Business Travel
12.5.4.2 Unmanaged Business Travel
12.5.5 Historic and Forecasted Market Size By Purpose
12.5.5.1 Internal Meetings
12.5.5.2 Trade Shows
12.5.5.3 Product Launch
12.5.5.4 Others
12.5.6 Historic and Forecasted Market Size By Expenditure
12.5.6.1 Travel Fare
12.5.6.2 Lodging
12.5.6.3 Dining
12.5.6.4 Others
12.5.7 Historic and Forecasted Market Size By Age Group
12.5.7.1 Travelers below 40 Years
12.5.7.2 Travelers above 40 Years
12.5.8 Historic and Forecasted Market Size By Traveller
12.5.8.1 Group Travel
12.5.8.2 Solo Travel
12.5.9 Historic and Forecasted Market Size By Service
12.5.9.1 Transportation
12.5.9.2 Food and Lodging
12.5.9.3 Recreation Activity
12.5.10 Historic and Forecasted Market Size By Industry
12.5.10.1 Government
12.5.10.2 Corporate
12.5.11 Historic and Forecast Market Size by Country
12.5.11.1 China
12.5.11.2 India
12.5.11.3 Japan
12.5.11.4 South Korea
12.5.11.5 Malaysia
12.5.11.6 Thailand
12.5.11.7 Vietnam
12.5.11.8 The Philippines
12.5.11.9 Australia
12.5.11.10 New Zealand
12.5.11.11 Rest of APAC
12.6. Middle East & Africa Business Tourism Market
12.6.1 Key Market Trends, Growth Factors and Opportunities
12.6.2 Top Key Companies
12.6.3 Historic and Forecasted Market Size by Segments
12.6.4 Historic and Forecasted Market Size By Type
12.6.4.1 Managed Business Travel
12.6.4.2 Unmanaged Business Travel
12.6.5 Historic and Forecasted Market Size By Purpose
12.6.5.1 Internal Meetings
12.6.5.2 Trade Shows
12.6.5.3 Product Launch
12.6.5.4 Others
12.6.6 Historic and Forecasted Market Size By Expenditure
12.6.6.1 Travel Fare
12.6.6.2 Lodging
12.6.6.3 Dining
12.6.6.4 Others
12.6.7 Historic and Forecasted Market Size By Age Group
12.6.7.1 Travelers below 40 Years
12.6.7.2 Travelers above 40 Years
12.6.8 Historic and Forecasted Market Size By Traveller
12.6.8.1 Group Travel
12.6.8.2 Solo Travel
12.6.9 Historic and Forecasted Market Size By Service
12.6.9.1 Transportation
12.6.9.2 Food and Lodging
12.6.9.3 Recreation Activity
12.6.10 Historic and Forecasted Market Size By Industry
12.6.10.1 Government
12.6.10.2 Corporate
12.6.11 Historic and Forecast Market Size by Country
12.6.11.1 Turkiye
12.6.11.2 Bahrain
12.6.11.3 Kuwait
12.6.11.4 Saudi Arabia
12.6.11.5 Qatar
12.6.11.6 UAE
12.6.11.7 Israel
12.6.11.8 South Africa
12.7. South America Business Tourism Market
12.7.1 Key Market Trends, Growth Factors and Opportunities
12.7.2 Top Key Companies
12.7.3 Historic and Forecasted Market Size by Segments
12.7.4 Historic and Forecasted Market Size By Type
12.7.4.1 Managed Business Travel
12.7.4.2 Unmanaged Business Travel
12.7.5 Historic and Forecasted Market Size By Purpose
12.7.5.1 Internal Meetings
12.7.5.2 Trade Shows
12.7.5.3 Product Launch
12.7.5.4 Others
12.7.6 Historic and Forecasted Market Size By Expenditure
12.7.6.1 Travel Fare
12.7.6.2 Lodging
12.7.6.3 Dining
12.7.6.4 Others
12.7.7 Historic and Forecasted Market Size By Age Group
12.7.7.1 Travelers below 40 Years
12.7.7.2 Travelers above 40 Years
12.7.8 Historic and Forecasted Market Size By Traveller
12.7.8.1 Group Travel
12.7.8.2 Solo Travel
12.7.9 Historic and Forecasted Market Size By Service
12.7.9.1 Transportation
12.7.9.2 Food and Lodging
12.7.9.3 Recreation Activity
12.7.10 Historic and Forecasted Market Size By Industry
12.7.10.1 Government
12.7.10.2 Corporate
12.7.11 Historic and Forecast Market Size by Country
12.7.11.1 Brazil
12.7.11.2 Argentina
12.7.11.3 Rest of SA
Chapter 13 Analyst Viewpoint and Conclusion
13.1 Recommendations and Concluding Analysis
13.2 Potential Market Strategies
Chapter 14 Research Methodology
14.1 Research Process
14.2 Primary Research
14.3 Secondary Research
Q1: What would be the forecast period in the Business Tourism Market research report?
A1: The forecast period in the Business Tourism Market research report is 2024-2032.
Q2: Who are the key players in the Business Tourism Market?
A2: Airbnb, Inc. (U.S.), American Express Compny (U.S.), BCD Group (Netherland), Booking Holdings (U.S.), CWT Solutions (U.S.), Corporate Travel Management (Australia), Expedia, Inc. (U.S.), Fareportal (U.S.), Flight Centre Travel Group Limited (formerly Flight Centre Limited) (U.S.), Wexas Travel (U.K.), Hogg Robinson Ltd (U.K.), Priceline (U.S.), Egencia LLC (U.S.), Frosch International Travel (U.K.), Ovation Travel Group (U.S.), Travel Leaders Group (U.S.),others
Q3: What are the segments of the Business Tourism Market?
A3: The Business Tourism Market is segmented into By Type, By Purpose, By Expenditure, By Age Group , By Traveller, By Service, By Industry and region. By Type (Managed Business Travel, Unmanaged Business Travel), Purpose (Marketing, Internal Meetings, Trade Shows, Product Launch, Others), Expenditure (Travel Fare, Lodging, Dining, Others), Age Group (Travelers below 40 Years, Travelers above 40 Years), Traveller (Group Travel, Solo Travel), Service (Transportation, Food and Lodging, Recreation Activity), Industry (Government, Corporate). By region, it is analyzed across North America (U.S., Canada, Mexico),Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe),Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe),Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC),Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa),South America (Brazil, Argentina, Rest of SA).
Q4: What is the Business Tourism Market?
A4: The market of business tourism has remained highly active thanks to the higher frequency and demand for business events, conferences, exhibitions, and incentive travel all around the globe. Business travel refers to the movement of people for business-related activities such as business meetings, incentive trips and reward trips among others, conferences and exhibitions or otherwise known as the MICE sector plays a central role in developing international business relations.
Q5: How big is the Business Tourism Market?
A5: Business Tourism Market Size Was Valued at USD 1.75 Billion in 2023, and is Projected to Reach USD 2.85 Billion by 2032, Growing at a CAGR of 7.9% From 2024-2032.
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