Global Business Travel Management Service Market Insights and Forecast to 2028

The global Business Travel Management Service market size is projected to reach US$ 10280 million by 2028, from US$ 7421.8 million in 2021, at a CAGR of 4.7% during 2022-2028. 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.

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%.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Business Travel Management Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Business Travel Management Service market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Business Travel Management Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Business Travel Management Service market.

Business Travel Management Service market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Business Travel Management Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Business Travel Management Service Market by Type

• Consulting Services
• Transportation & Accommodation
• Meetings & Events Management
• Others

Business Travel Management Service Market by Application

• Large Enterprises
• SMEs
• Government & Nonprofits

Business Travel Management Service Market by Company

• 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

Business Travel Management Service Market by Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA