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2022
Business Travel Lodging Market

Business Travel Lodging Market by Enterprise Size (Small Enterprises, Medium Enterprises, Large Enterprises), by Industry (Pharmaceutical And Healthcare, Agriculture Food And Beverage, Hospitality, Business Services And Consulting, It Technology And Telecom, Finance And Insurance, Non Profit Organizations, Transport And Logistics, Retail And Consumer Goods, Energy And Utilities, Construction And Engineering, Others), : Global Opportunity Analysis and Industry Forecast, 2018-2028

A15875
Pages: 109
Mar 2022 | 591 Views
   
Author(s) : Vidit Gite , Roshan Deshmukh
Tables: NA
Charts: 22
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COVID-19

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Business Travel Lodging Market Research, 2028

The global business travel lodging market was valued at $257.40 billion in 2018, and is projected to reach $450.80 billion by 2028, growing at a CAGR of 14.77% from 2021 to 2028.

Cancellation of MICE events severely damaged business travel lodging. The outbreak of COVID-19 resulted in cancellations of almost all the MICE events across the globe. The MICE events were either cancelled or postponed for an indefinite period during 2020. According to the Center for Exhibition Industry Research (CEIR), around 72.6% of the scheduled events were cancelled during the first quarter of 2020. It accounted for 15.1% loss in the exhibition industry.

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Small and medium-sized enterprises (SMEs) play a crucial role in the development of economy. These firms offer numerous job opportunities, and therefore, are one of the significant sectors that aid in reducing unemployment, even when large enterprises are downsizing. However, certain challenges such as weak linkage with external market and limited SME financing, act as restraints in the growth of the SMEs. To sustain the economy, governments have started taking numerous initiatives such as Udayami Helpline, Skill India, District-level Incubation and Accelerator Program in India, SME Industrial Clustering in China, and other countries, to promote the growth of the SME segment. Moreover, there are approximately 400 million SMEs across the globe that constitute 95% of the global business firms. The growth of the SMEs has significantly increased the opportunities of business travel of the professionals worldwide. Thus, the business travel lodging market is expected to rise over the coming years.

Travel & tourism includes several types of travel such as leisure travel, business travel, medical tourism, and others. The factors that promote the growth of travel & tourism industry include changes in lifestyle, rise in tourism promotion, increase in accessibility of transport facilities, and surge in infrastructures, which in turn are expected to fuel the growth of the business travel market. Factors such as technological advancements, industrialization, and rapid urbanization, have opened up several opportunities for marketers worldwide. For that purpose, the business travelers are looking for new experience in their lodging and stay. Digitalization has given rise to easy access of hotel & transport booking through online portals, which further boost the business travel lodging industry. Continuous development in the travel & tourism industry and integration of various segments such as business travel lodging accelerate the growth of the global market. Rise in industrialization and increasing visits of investors regarding business expansion worldwide is expected to support Business Travel Lodging Market Demand.

However, rise in adoption of ICT technology has impacted the market negatively. The primary focus of every business is to achieve profit maximization at minimum cost. High investment often generates high revenue. However, economic uncertainty along with recession has degraded the strength of the market, thereby declining the sales significantly. This has changed the pattern of investments for several companies, as they have started adopting cost-cutting strategies. However, business travel lodging is an expensive affair, as it involves accommodation, food, and the expense is significantly higher if it is an international trip. This issue has been overcome with the help of technological advancements. Advancements such as online banking, phone calls, emails, and video conferences, have made communication and transactions significantly cost-effective and easy in real time. Moreover, the emergence of real-time communication opportunity is encouraging companies to adopt several communication technologies such as video conferencing through online platforms such as Skype, FaceTime, Google Meet, and Zoom. Low cost and high effectiveness of such technology is acting as a major restraint for the growth of business travel, business travel lodging, and business travel transportation in the recent years. 

 

Segment Review

The market segmentation on the basis of enterprise size, includes small enterprises, medium enterprises, and large enterprises. The global business travel lodging market, based on industry, is segmented into pharmaceutical and healthcare, agriculture, food & beverage, hospitality, business services and consulting, IT, technology and telecom, finance and insurance, non-profit organizations, transport and logistics, retail and consumer goods, energy and utilities, construction and engineering, and others. The market is analyzed based on four regions across North America, Europe, Asia-Pacific, and LAMEA to understand its regional trends. The report highlights the drivers, restraints, opportunities, and growth strategies adopted by the key players to understand the dynamics and potential of the business travel lodging market size.

Based on the enterprise size, the global business travel lodging market is segmented into small enterprises, medium enterprises, and large enterprises. Medium enterprises were the dominating segment that garnered a business travel lodging market share of ~34% in 2020 followed by the large enterprises. Large enterprises segment is gaining huge popularity among the business travelers, owing to increased facilities in these properties, increased requirement of comfort, entertainment, and leisure among the people. The category is expected to grow rapidly over the Business Travel Lodging Market Forecast years (2021-2028).

Business Travel Lodging Market
By Enterprise Size

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Large Enterprises would exhibit the highest CAGR of 15.48% during 2021-2028, owing to the increasing number of tourists travelling for the purpose of business due to change in business globalization, industrialization, and tourism.

On the basis of industry, the business travel market is categorized into pharmaceutical and healthcare, agriculture, food & beverage, hospitality, business services and consulting, IT, technology and telecom, finance and insurance, non-profit organizations, transport and logistics, retail and consumer goods, energy and utilities, construction and engineering, and others. Business travel plays a key role in the growth of business in every industry. In some industries, travelling is more intense for the purpose of marketing and training of employees, which requires long or short lodging service by the providers.

Business Travel Lodging Market
By Industry

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Hospitality would exhibit the highest CAGR of 16.59% during 2021-2028, as the number of consumers travelling for the purpose of business, leisures, and vacations has risen the multifold over the decade.

Based on the region, the business travel lodging market is analyzed across North America, Europe, AsiaPacific, and LAMEA. Asia-Pacific is the largest and fastest-growing market followed by Europe and North America. Asia-Pacific is characterized by huge population, rapid urbanization, growing infrastructural facilities, availability of cheap labor, and increased government initiatives to attract foreign investments.

Business Travel Lodging Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 15.71% during 2021-2028, owing to the increasing industrialization, westernization, and rise in business opportunities in the region.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the business travel lodging market analysis from 2018 to 2028 to identify the prevailing business travel lodging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the business travel lodging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global business travel lodging market trends, key players, market segments, application areas, and business travel lodging market growth strategies.

Key Market Segments

  • Enterprise Size
    • Small Enterprises
    • Medium Enterprises
    • Large Enterprises
  • Industry
    • Construction And Engineering
    • Pharmaceutical And Healthcare
    • Agriculture Food And Beverage
    • Hospitality
    • Business Services And Consulting
    • It Technology And Telecom
    • Finance And Insurance
    • Non Profit Organizations
    • Transport And Logistics
    • Retail And Consumer Goods
    • Energy And Utilities
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • United Kingdom
      • Netherlands
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • China
      • Rest Of Asia Pacific
    • LAMEA
      • Brazil
      • Rest of LAMEA


Key Market Players

  • Travels Group
 
  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top winning strategies

      • 3.2.2.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

    • 3.7.Pricing Analysis

  • CHAPTER 4: BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE

    • 4.1 Overview

    • 4.2 Small Enterprises

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Medium Enterprises

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

    • 4.4 Large Enterprises

      • 4.4.1 Key market trends, growth factors and opportunities

      • 4.4.2 Market size and forecast, by region

      • 4.4.3 Market analysis by country

  • CHAPTER 5: BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY

    • 5.1 Overview

    • 5.2 Pharmaceutical And Healthcare

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Agriculture Food And Beverage

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

    • 5.4 Hospitality

      • 5.4.1 Key market trends, growth factors and opportunities

      • 5.4.2 Market size and forecast, by region

      • 5.4.3 Market analysis by country

    • 5.5 Business Services And Consulting

      • 5.5.1 Key market trends, growth factors and opportunities

      • 5.5.2 Market size and forecast, by region

      • 5.5.3 Market analysis by country

    • 5.6 It Technology And Telecom

      • 5.6.1 Key market trends, growth factors and opportunities

      • 5.6.2 Market size and forecast, by region

      • 5.6.3 Market analysis by country

    • 5.7 Finance And Insurance

      • 5.7.1 Key market trends, growth factors and opportunities

      • 5.7.2 Market size and forecast, by region

      • 5.7.3 Market analysis by country

    • 5.8 Non Profit Organizations

      • 5.8.1 Key market trends, growth factors and opportunities

      • 5.8.2 Market size and forecast, by region

      • 5.8.3 Market analysis by country

    • 5.9 Transport And Logistics

      • 5.9.1 Key market trends, growth factors and opportunities

      • 5.9.2 Market size and forecast, by region

      • 5.9.3 Market analysis by country

    • 6.0 Retail And Consumer Goods

      • 6.0.1 Key market trends, growth factors and opportunities

      • 6.0.2 Market size and forecast, by region

      • 6.0.3 Market analysis by country

    • 6.1 Energy And Utilities

      • 6.1.1 Key market trends, growth factors and opportunities

      • 6.1.2 Market size and forecast, by region

      • 6.1.3 Market analysis by country

    • 6.2 Construction And Engineering

      • 6.2.1 Key market trends, growth factors and opportunities

      • 6.2.2 Market size and forecast, by region

      • 6.2.3 Market analysis by country

    • 6.3 Others

      • 6.3.1 Key market trends, growth factors and opportunities

      • 6.3.2 Market size and forecast, by region

      • 6.3.3 Market analysis by country

  • CHAPTER 6: BUSINESS TRAVEL LODGING MARKET, BY REGION

    • 6.1 Overview

    • 6.2 North America

      • 6.2.1 Key trends and opportunities

      • 6.2.2 North America Market size & forecast, by Enterprise Size

      • 6.2.3 North America Market size & forecast, by Industry

      • 6.2.4 North America Market size & forecast, by country

        • 6.2.4.1 U.S.
          • 6.2.4.1.1 Market size & forecast, by Enterprise Size
          • 6.2.4.1.2 Market size & forecast, by Industry
        • 6.2.4.2 Canada
          • 6.2.4.2.1 Market size & forecast, by Enterprise Size
          • 6.2.4.2.2 Market size & forecast, by Industry
    • 6.3 Europe

      • 6.3.1 Key trends and opportunities

      • 6.3.2 Europe Market size & forecast, by Enterprise Size

      • 6.3.3 Europe Market size & forecast, by Industry

      • 6.3.4 Europe Market size & forecast, by country

        • 6.3.4.1 France
          • 6.3.4.1.1 Market size & forecast, by Enterprise Size
          • 6.3.4.1.2 Market size & forecast, by Industry
        • 6.3.4.2 United Kingdom
          • 6.3.4.2.1 Market size & forecast, by Enterprise Size
          • 6.3.4.2.2 Market size & forecast, by Industry
        • 6.3.4.3 Netherlands
          • 6.3.4.3.1 Market size & forecast, by Enterprise Size
          • 6.3.4.3.2 Market size & forecast, by Industry
        • 6.3.4.4 Germany
          • 6.3.4.4.1 Market size & forecast, by Enterprise Size
          • 6.3.4.4.2 Market size & forecast, by Industry
        • 6.3.4.5 Rest of Europe
          • 6.3.4.5.1 Market size & forecast, by Enterprise Size
          • 6.3.4.5.2 Market size & forecast, by Industry
    • 6.4 Asia-Pacific

      • 6.4.1 Key trends and opportunities

      • 6.4.2 Asia-Pacific Market size & forecast, by Enterprise Size

      • 6.4.3 Asia-Pacific Market size & forecast, by Industry

      • 6.4.4 Asia-Pacific Market size & forecast, by country

        • 6.4.4.1 China
          • 6.4.4.1.1 Market size & forecast, by Enterprise Size
          • 6.4.4.1.2 Market size & forecast, by Industry
        • 6.4.4.2 Rest Of Asia Pacific
          • 6.4.4.2.1 Market size & forecast, by Enterprise Size
          • 6.4.4.2.2 Market size & forecast, by Industry
    • 6.5 LAMEA

      • 6.5.1 Key trends and opportunities

      • 6.5.2 LAMEA Market size & forecast, by Enterprise Size

      • 6.5.3 LAMEA Market size & forecast, by Industry

      • 6.5.4 LAMEA Market size & forecast, by country

        • 6.5.4.1 Brazil
          • 6.5.4.1.1 Market size & forecast, by Enterprise Size
          • 6.5.4.1.2 Market size & forecast, by Industry
        • 6.5.4.2 Rest of LAMEA
          • 6.5.4.2.1 Market size & forecast, by Enterprise Size
          • 6.5.4.2.2 Market size & forecast, by Industry
  • CHAPTER 7: COMPANY LANDSCAPE

    • 7.1. Top winning strategies

    • 7.2. Product Mapping of Top 10 Player

    • 7.3. Competitive Dashboard

    • 7.4. Competitive Heatmap

    • 7.5 Key developments

      • 7.5.1. Acquisition

      • 7.5.2. Business Expansion

      • 7.5.3. Agreement

      • 7.5.4. Partnership

      • 7.5.5. Product Launch

  • CHAPTER 8: COMPANY PROFILES

    • 8.1 Travels Group

      • 8.1.1 Company overview

      • 8.1.2 Company snapshot

      • 8.1.3 Operating business segments

      • 8.1.4 Product portfolio

      • 8.1.5 Business performance

      • 8.1.6 Key strategic moves and developments

  • LIST OF TABLES

    • TABLE 1. GLOBAL BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2018-2028,($BILLION)
    • TABLE 2. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR SMALL ENTERPRISES, BY REGION , 2018-2028,($BILLION)
    • TABLE 3. BUSINESS TRAVEL LODGING MARKET SMALL ENTERPRISES BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 4. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR MEDIUM ENTERPRISES, BY REGION , 2018-2028,($BILLION)
    • TABLE 5. BUSINESS TRAVEL LODGING MARKET MEDIUM ENTERPRISES BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 6. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR LARGE ENTERPRISES, BY REGION , 2018-2028,($BILLION)
    • TABLE 7. BUSINESS TRAVEL LODGING MARKET LARGE ENTERPRISES BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 8. GLOBAL BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2018-2028,($BILLION)
    • TABLE 9. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR PHARMACEUTICAL AND HEALTHCARE, BY REGION , 2018-2028,($BILLION)
    • TABLE 10. BUSINESS TRAVEL LODGING MARKET PHARMACEUTICAL AND HEALTHCARE BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 11. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR AGRICULTURE FOOD AND BEVERAGE, BY REGION , 2018-2028,($BILLION)
    • TABLE 12. BUSINESS TRAVEL LODGING MARKET AGRICULTURE FOOD AND BEVERAGE BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 13. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR HOSPITALITY, BY REGION , 2018-2028,($BILLION)
    • TABLE 14. BUSINESS TRAVEL LODGING MARKET HOSPITALITY BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 15. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR BUSINESS SERVICES AND CONSULTING, BY REGION , 2018-2028,($BILLION)
    • TABLE 16. BUSINESS TRAVEL LODGING MARKET BUSINESS SERVICES AND CONSULTING BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 17. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR IT TECHNOLOGY AND TELECOM, BY REGION , 2018-2028,($BILLION)
    • TABLE 18. BUSINESS TRAVEL LODGING MARKET IT TECHNOLOGY AND TELECOM BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 19. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR FINANCE AND INSURANCE, BY REGION , 2018-2028,($BILLION)
    • TABLE 20. BUSINESS TRAVEL LODGING MARKET FINANCE AND INSURANCE BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 21. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR NON PROFIT ORGANIZATIONS, BY REGION , 2018-2028,($BILLION)
    • TABLE 22. BUSINESS TRAVEL LODGING MARKET NON PROFIT ORGANIZATIONS BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 23. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR TRANSPORT AND LOGISTICS, BY REGION , 2018-2028,($BILLION)
    • TABLE 24. BUSINESS TRAVEL LODGING MARKET TRANSPORT AND LOGISTICS BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 25. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR RETAIL AND CONSUMER GOODS, BY REGION , 2018-2028,($BILLION)
    • TABLE 26. BUSINESS TRAVEL LODGING MARKET RETAIL AND CONSUMER GOODS BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 27. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR ENERGY AND UTILITIES, BY REGION , 2018-2028,($BILLION)
    • TABLE 28. BUSINESS TRAVEL LODGING MARKET ENERGY AND UTILITIES BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 29. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR CONSTRUCTION AND ENGINEERING, BY REGION , 2018-2028,($BILLION)
    • TABLE 30. BUSINESS TRAVEL LODGING MARKET CONSTRUCTION AND ENGINEERING BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 31. BUSINESS TRAVEL LODGING MARKET REVENUE, FOR OTHERS, BY REGION , 2018-2028,($BILLION)
    • TABLE 32. BUSINESS TRAVEL LODGING MARKET OTHERS BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 33. BUSINESS TRAVEL LODGING MARKET, BY REGION, 2018-2028,($BILLION)
    • TABLE 34. NORTH AMERICA BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2018-2028,($BILLION)
    • TABLE 35. NORTH AMERICA BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2018-2028,($BILLION)
    • TABLE 36. NORTH AMERICA BUSINESS TRAVEL LODGING MARKET, BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 37. U.S. BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 38. U.S. BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 39. CANADA BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 40. CANADA BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 41. EUROPE BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2018-2028,($BILLION)
    • TABLE 42. EUROPE BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2018-2028,($BILLION)
    • TABLE 43. EUROPE BUSINESS TRAVEL LODGING MARKET, BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 44. FRANCE BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 45. FRANCE BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 46. UNITED KINGDOM BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 47. UNITED KINGDOM BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 48. NETHERLANDS BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 49. NETHERLANDS BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 50. GERMANY BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 51. GERMANY BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 52. REST OF EUROPE BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 53. REST OF EUROPE BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 54. ASIA-PACIFIC BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2018-2028,($BILLION)
    • TABLE 55. ASIA-PACIFIC BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2018-2028,($BILLION)
    • TABLE 56. ASIA-PACIFIC BUSINESS TRAVEL LODGING MARKET, BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 57. CHINA BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 58. CHINA BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 59. REST OF ASIA PACIFIC BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 60. REST OF ASIA PACIFIC BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 61. LAMEA BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2018-2028,($BILLION)
    • TABLE 62. LAMEA BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2018-2028,($BILLION)
    • TABLE 63. LAMEA BUSINESS TRAVEL LODGING MARKET, BY COUNTRY, 2018-2028,($BILLION)
    • TABLE 64. BRAZIL BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 65. BRAZIL BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
    • TABLE 66. REST OF LAMEA BUSINESS TRAVEL LODGING MARKET BY ENTERPRISE SIZE 2018-2028,($BILLION)
    • TABLE 67. REST OF LAMEA BUSINESS TRAVEL LODGING MARKET BY INDUSTRY 2018-2028,($BILLION)
  • LIST OF FIGURES

  • LIST OF FIGURES

  • FIGURE 01. KEY MARKET SEGMENTS
    FIGURE 02. EXECUTIVE SUMMARY
    FIGURE 03. TOP INVESTMENT POCKETS, 2021-2028
    FIGURE 04. MODERATE BARGAINING POWER OF PROVIDERS
    FIGURE 05. HIGH THREAT OF NEW ENTRANTS
    FIGURE 06. MODERATE THREAT OF SUBSTITUTES
    FIGURE 07. HIGH INTENSITY OF RIVALRY
    FIGURE 08. MODERATE BARGAINING POWER OF BUYERS
    FIGURE 09. GLOBAL BUSINESS TRAVEL LODGING MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
    FIGURE 10. BUSINESS TRAVEL LODGING MARKET, BY ENTERPRISE SIZE, 2020 (%)
    FIGURE 11. COMPARATIVE SHARE ANALYSIS OF SMALL ENTERPRISES REVENUE, BY COUNTRY, 2020 & 2028 (%)
    FIGURE 12. COMPARATIVE SHARE ANALYSIS OF MEDIUM ENTERPRISES REVENUE, BY COUNTRY, 2020 & 2028 (%)
    FIGURE 13. COMPARATIVE SHARE ANALYSIS OF LARGE ENTERPRISES REVENUE, BY COUNTRY, 2020 & 2028 (%)
    FIGURE 14. BUSINESS TRAVEL LODGING MARKET, BY INDUSTRY, 2020 (%)
    FIGURE 15. BUSINESS TRAVEL LODGING MARKET, BY REGION, 2020 (%)
    FIGURE 16. U.S. BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 17. REST OF NORTH AMERICA BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 18. FRANCE BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 19. UK BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 20. NETHERLANDS BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 21. GERMANY BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)
    FIGURE 22. REST OF EUROPE BUSINESS TRAVEL LODGING MARKET, 2018–2028 ($BILLION)

 
 

The business travel lodging industry has witnessed steady growth even under severe turbulence such as global uncertainty, weakened global economy, terrorist attacks, world health issues, and others. This is attributed to the positive impact of business travel encouraged by increasing globalization and ease in transportation, which has expedited the business travel lodging worldwide. According to the insights of the CXOs, Asia-Pacific region is expected to grow at a significant rate during the  Business Travel Lodging Market Forecast period, owing to increase in government initiatives to carry out business activities conveniently. Moreover, economic development is a prime factor in business travel, as it plays a major role in managing relationships, investments, supply chains, and logistics, which further influences trade in the domestic & international markets. Rise in trend of online booking & fund transfer has increased the convenience and lowered the cost of travel and lodging expenses, thereby offering a pleasurable experience to the travelers.

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FREQUENTLY ASKED QUESTIONS?
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A. The global business travel lodging market size was valued at $257.4 billion in 2018, and is estimated to reach $450.5 billion by 2028.

A. The global business travel lodging market is expected to register a CAGR of 14.77% from 2021 to 2028.

A. Raise the query and paste the link of the specific report and our sales executive will revert you back with the sample.

A. The forecast period in the Business Travel Lodging market report would be 2021-2028.

A. The market is segmented by enterprise size and industry in Business Travel Lodging market report.

A. UK and Germany are the fastest growing market in Europe registering a CAGR of 16.32% & 15.36% respectively.

A. Asia-Pacific will dominate the market by the end of 2028.

A. During the pandemic, a huge fall in the international tourists were recorded. According to the United Nations World Tourism Organization (UNWTO), there was a 73% fall recorded in the international tourist arrivals in 2020.

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