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Global Business Travel Market to Reach $791.9 Billion by 2026

·28-min read

Abstract: Global Business Travel Market to Reach $791. 9 Billion by 2026 . Business travel can be described as the domestic or international travel undertaken by employees to attend various business-related activities including meetings, product launches, trade shows and marketing of companies to further improve business prospects.

New York, July 16, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Business Travel Industry" - https://www.reportlinker.com/p05899164/?utm_source=GNW
Comprising work, entertainment, accommodation and transportation, business travel is among the major contributors to the global economy. Employees of multinational organizations often travel to destinations in various countries for business and marketing purposes. There are a variety of agencies and travel companies in the market addressing the needs of the business travel industry, which compete based on safety measures, service portfolios, government licensing and pricing. Growth in business travel has provided organizations the option of managing travel requirements of their employees using travel programs, services and online self-booking tools offered by travel management corporations. Amid the COVID-19 crisis, the global market for Business Travel estimated at US$674.5 Billion in the year 2020, is projected to reach a revised size of US$791.9 Billion by 2026, growing at a CAGR of 3% over the analysis period. Food & Lodging, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$446.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Recreation segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $231.4 Billion in 2021, While China is Forecast to Reach $48.8 Billion by 2026

The Business Travel market in the U.S. is estimated at US$231.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.8 Billion by the year 2026 trailing a CAGR of 5.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Business travel market worldwide is being fuelled by factors such as globalization of business operations, rising adoption of advanced technologies such as artificial intelligence, Internet of Things (IoT), and rising Internet penetration for enabling easy travel and bookings. Growth of the business travel industry is significantly influenced by the level of investments in public and private travel and tourism industry. This is because considerable investments are required to build the required infrastructure and facilities for expanding capacity, providing improved services and maintaining existing infrastructure. Global market for business travel, which is currently witnessing its worst phase due to the COVID-19 outbreak, has been over the years driven by initiatives to develop meetings, incentive, conferences and events (MICE) and small and medium sized enterprises (SME). The global business travel market is being significantly impacted by the advent of advanced technology solutions that help agents and their customers to book the most comfortable, economical and efficient option. Artificial intelligence (AI) in this regard has evolved as a latest technology for helping automate the process, and eliminating the need for physically attending various meetings or events, which is critical amidst the current pandemic. Though advanced technologies such as videoconferencing can prove a threat, increase in infrastructure investment and growth in travel retail market are expected to support the business travel industry.

Transportation Segment to Reach $122.7 Billion by 2026

In the global Transportation segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$93.2 Billion in the year 2020 will reach a projected size of US$101.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.1 Billion by the year 2026, while Latin America will expand at a 1.8% CAGR through the analysis period.
Select Competitors (Total 70 Featured)

  • ADTRAV Corporation

  • Airbnb, Inc.

  • American Express Global Business Travel

  • BCD Travel

  • Booking Holdings Inc.

  • CWT

  • Egencia LLC

  • Fareportal, Inc.

  • Flight Centre Travel Group

  • FROSCH International Travel, Inc.

  • Ovation Travel Group

  • Travel Leaders Group, LLC

  • Wexas Travel




Read the full report: https://www.reportlinker.com/p05899164/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Outbreak and Looming Global Recession
EXHIBIT 1: COVID-19 Impact on Travel & Tourism Industry: Growth
Rate (%) of Industry Revenues in Select Countries for 2020 Vs
2019
Digitalization Augurs Well for the Tourism Industry
Impact of COVID-19 on Business Travel in Life Sciences Sector
Pandemic to Transform Future Trends in the Business Travel
Industry
Business Travel Evolves into Multi-Faceted Endeavor
Global Market Prospects & Outlook
EXHIBIT 2: Major Purposes of Business Trips
Competition
Startups Disrupt the Business Travel Market
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Trends in Travel & Tourism: An Indication of Dynamics in
Business Travel Market
EXHIBIT 3: COVID-19 Impact on Tourism Industry: % Change in
International Tourist Arrivals by Region for 2019 and Q1 2020
Preference for Communications Technologies & Video Conferencing
Amidst COVID-19 Outbreak Over Travel Affects Business Travel
EXHIBIT 4: Global Downloads (Million) of Select Video Chat Apps
for iOS and Android for Jan-2020 to Mar-2020
EXHIBIT 5: Average Growth (in %) in Video Meetings by Meeting
Size for Feb 2020 Vs May 2020
Web Conferencing Emerges as an Apt Alternative to Business Travel
Mixing Recreation with Business: The New Mantra in Business Travel
EXHIBIT 6: Bleisure as % of Total Business Trips by Select
Countries: 2019
EXHIBIT 7: Average Number of Bleisure Trips Per Year by Select
Countries for 2019
EXHIBIT 8: Original Purpose of Bleisure Travel: % of Trips
Converted to Bleisure Trips by Purpose of Original Trip for
2019
EXHIBIT 9: Industries with Most Bleisure Travelers: % of
Bleisure Travelers by Industry
EXHIBIT 10: Major Reasons for Choosing a Bleisure Destination:
% of Bleisure Travelers Citing a Factor as a Reason for
Preferring a Destination among US Bleisure Travelers
Pandemic Accelerates Event Planning Industry?s Transition
towards Virtual Platforms, Affects Business Travels
Major Events Cancelled or Deferred or Conducted Virtually due
to COVID-19
EXHIBIT 11: COVID-19 Effect on Global Event Activities:
Estimated Percentage Change in Event Revenues for 1H 2020 over
1H 2019
Trade Volumes and Trade Wars Closely Correlated to Spending on
Business Travel
EXHIBIT 12: Month-on-Month Growth in Global Trade: Jan 2019-
April2020
Notable Trends in the Business Travel Industry
New Services Emerge as Competitors to Travel Management Companies
Using Business Travel to Enhance Employee Satisfaction
Bleisure Emerges as a Popular Business Travel Trend
Focus on Enhancing Customer Service
Rising Importance of Personalized Travel
Sustainability Emerges as a Notable Trend in Business Travel
Technological Advancements Augur Well for the Market
Rising Importance of Artificial and Machine Learning in
Business Travel
Mobile Devices Become Integral to Business Travel Industry
EXHIBIT 13: Smartphone Penetration Rate as Share of Total
Population: 2016-2021E
Downturn in Business Travel Dents Airline Revenues
EXHIBIT 14: COVID-19 Pandemic Dents Airline Revenues:
Commercial Airline Revenue Growth (in %) for 2010-2020E
EXHIBIT 15: Air Travel a Significant Component of Business
Travel Spending: Percentage Breakdown of Average Corporate
Trip Budget by Segment for 2019
EXHIBIT 16: Major Concerns of Business Travelers: % of Business
Travelers Citing the Concern Impeding Corporate Travel
Growth of SMEs Bodes Well for the Busines Travel Industry
Airport Retailers Target Business Travelers
EXHIBIT 17: Global Airport Retail Market Size (in US$ Billion)
for 2019, 2022 & 2024
Digitalization of Travel Payments & Guest Data Supports
Business Travel Market
Challenges Facing Business Travel Market
Data Breaches and Fraud Impact Business Travel

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Business Travel by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 2: World Historic Review for Business Travel by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Business Travel by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2020 & 2027

Table 4: World Current & Future Analysis for Food & Lodging by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Food & Lodging by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 6: World 15-Year Perspective for Food & Lodging by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 7: World Current & Future Analysis for Recreation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Recreation by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 9: World 15-Year Perspective for Recreation by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 10: World Current & Future Analysis for Transportation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Transportation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Transportation by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 13: World Current & Future Analysis for Group by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Group by Geographic Region -
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 15: World 15-Year Perspective for Group by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 16: World Current & Future Analysis for Solo by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Solo by Geographic Region -
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets - Independent Analysis of Annual
Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Solo by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 19: World Current & Future Analysis for Corporate by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Corporate by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 21: World 15-Year Perspective for Corporate by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 22: World Current & Future Analysis for Government by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Government by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 24: World 15-Year Perspective for Government by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
US Travel & Tourism Industry Hit Hard by the COVID-19 Pandemic
EXHIBIT 18: US Travel Industry: Percentage Breakdown of
Spending by Business Travel and Leisure Spending for 2019
Table 25: USA Current & Future Analysis for Business Travel by
Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 28: USA Current & Future Analysis for Business Travel by
Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Business Travel by Traveler -
Group and Solo Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 30: USA 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 31: USA Current & Future Analysis for Business Travel by
End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 32: USA Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 33: USA 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

CANADA
Table 34: Canada Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 35: Canada Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 36: Canada 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 37: Canada Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 38: Canada Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 39: Canada 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 40: Canada Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 41: Canada Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 42: Canada 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

JAPAN
Table 43: Japan Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 44: Japan Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 45: Japan 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 46: Japan Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 47: Japan Historic Review for Business Travel by Traveler -
Group and Solo Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 48: Japan 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 49: Japan Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 50: Japan Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 51: Japan 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

CHINA
COVID-19 Impact on the Chinese Travel Industry
Table 52: China Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 53: China Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 54: China 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 55: China Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 56: China Historic Review for Business Travel by Traveler -
Group and Solo Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 57: China 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 58: China Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 59: China Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 60: China 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

EUROPE
COVID-19 Crisis Impacts European Travel Industry
Table 61: Europe Current & Future Analysis for Business Travel
by Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 and %
CAGR

Table 62: Europe Historic Review for Business Travel by
Geographic Region - France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets - Independent Analysis of Annual
Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 63: Europe 15-Year Perspective for Business Travel by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2020 & 2027

Table 64: Europe Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 65: Europe Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 66: Europe 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 67: Europe Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 68: Europe Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 69: Europe 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 70: Europe Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 71: Europe Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 72: Europe 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

FRANCE
Table 73: France Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 74: France Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 75: France 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 76: France Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 77: France Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 78: France 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 79: France Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 80: France Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 81: France 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

GERMANY
Table 82: Germany Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 83: Germany Historic Review for Business Travel by
Service - Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 84: Germany 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 85: Germany Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 86: Germany Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 87: Germany 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 88: Germany Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 89: Germany Historic Review for Business Travel by
End-Use - Corporate and Government Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 90: Germany 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

ITALY
Table 91: Italy Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 92: Italy Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 93: Italy 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 94: Italy Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 95: Italy Historic Review for Business Travel by Traveler -
Group and Solo Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 96: Italy 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 97: Italy Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 98: Italy Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 99: Italy 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

UNITED KINGDOM
Table 100: UK Current & Future Analysis for Business Travel by
Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 101: UK Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 102: UK 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 103: UK Current & Future Analysis for Business Travel by
Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 104: UK Historic Review for Business Travel by Traveler -
Group and Solo Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2012 through 2019 and % CAGR

Table 105: UK 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 106: UK Current & Future Analysis for Business Travel by
End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 107: UK Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 108: UK 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

SPAIN
Table 109: Spain Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 110: Spain Historic Review for Business Travel by Service -
Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 111: Spain 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 112: Spain Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 113: Spain Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 114: Spain 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 115: Spain Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 116: Spain Historic Review for Business Travel by End-Use -
Corporate and Government Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 117: Spain 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

RUSSIA
Table 118: Russia Current & Future Analysis for Business Travel
by Service - Food & Lodging, Recreation and Transportation -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 119: Russia Historic Review for Business Travel by
Service - Food & Lodging, Recreation and Transportation Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 120: Russia 15-Year Perspective for Business Travel by
Service - Percentage Breakdown of Value Sales for Food &
Lodging, Recreation and Transportation for the Years 2012, 2020 &
2027

Table 121: Russia Current & Future Analysis for Business Travel
by Traveler - Group and Solo - Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 122: Russia Historic Review for Business Travel by
Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 123: Russia 15-Year Perspective for Business Travel by
Traveler - Percentage Breakdown of Value Sales for Group and
Solo for the Years 2012, 2020 & 2027

Table 124: Russia Current & Future Analysis for Business Travel
by End-Use - Corporate and Government - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 125: Russia Historic Review for Business Travel by
End-Use - Corporate and Government Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 126: Russia 15-Year Perspective for Business Travel by
End-Use - Percentage Breakdown of Value Sales for Corporate and
Government for the Years 2012, 2020 & 2027

REST OF EUROPE
Table 127: Rest of Europe Current & Future Analysis for
Business Travel by Service - Food & Lodging, Recreation and
Transportation - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 128: Rest of Europe Historic Review for Business Travel
by Service - Food & Lodging, Recreation and Transportation
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 129: Rest of Europe 15-Year Perspective for Business
Travel by Service - Percentage Breakdown of Value Sales for
Food & Lodging, Recreation and Transportation for the Years
2012, 2020 & 2027

Table 130: Rest of Europe Current & Future Analysis for
Business Travel by Traveler - Group and Solo - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 131: Rest of Europe Historic Review for Business Travel
by Traveler - Group and Solo Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 132: Rest of Europe 15-Year Perspective for Business
Travel by Traveler - Percentage Breakdown of Value Sales for
Group and Solo for the Years 2012, 2020 & 2027

Table 133: Rest of Europe Current & Future Analysis for
Business Travel by End-Use - Corporate and Government -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 134: Rest of Europe Historic Review for Business Travel
by End-Use - Corporate and Government Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 135: Rest of Europe 15-Year Perspective for Business

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