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United States Business Travel Market Size, Share, Growth: By Type: Managed Business Travel, Unmanaged Business Travel; By Purpose Type: Internal Meetings, Marketing, Product Launch, Trade Shows, Others; By Age Group; By Travel Type; By Expenditure; By Service; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

United States Business Travel Market Outlook

The United States business travel market size reached approximately USD 258.66 billion in 2023. The market is further projected to grow at a CAGR of 9.8% between 2024 and 2032, reaching a value of USD 546.41 billion by 2032.

Key Trends in the Market

Business travel refer to traveling activities that are specifically undertaken for work purposes. The different purposes of business travel include networking, attending events and meetings, assessment of product or services prior to investing, and travelling for client and vendor meetings.

The rising emphasis on employee wellbeing is supporting the United States business travel market growth. In order to incentivise employees and promote team building, various companies are readily investing in bleisure activities. Such activities aid in relieving stress and improving work efficiency.

The growing initiatives by various companies to embrace sustainable travel practices and increasing consciousness about their carbon footprint is supporting the market expansion. Such initiatives encourage the environment conscious employees to partake in business travel activities.

The expansion of the travel and tourism sector and increasing penetration of Airbnb have resulted in the availability of enhanced travel experiences for individuals, providing lucrative growth opportunities to the market.

United States Business Travel Market Analysis

On the basis of type, the market is bifurcated into managed business travel and unmanaged business travel. Based on purpose type, the market is segregated into internal meetings, marketing, product launch, and trade shows, among others.

On the basis of age group, the market is classified into travellers below 40 years and travellers above 40 years. Based on travel type, the market is bifurcated into solo travel and group travel. On the basis of expenditure, the market is categorised into lodging, dining, and travel fare, among others.

Based on service, the market is divided into transportation, food and lodging, and recreation activity. On the basis of end use, the market is classified into corporate and government, among others. Based on region, the United States business travel market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Expedia, Inc.

TravelPerk S.L.U.

American Express Global Business Travel (GBT)

Navan, Inc.

Booking Holdings Inc.

BCD Travel Services B.V.

World Travel, Inc

Corporate Travel Management

Travel Leaders Group

CLC Lodging

Others

Market Share by Service

Food and lodging are anticipated to account for a significant United States business travel market share over the coming years. The segment growth can be attributed to the growing popularity of home stays and Airbnbs and rising requirement for convenient lodgings and hygienic food products. The increasing popularity of international and domestic travel for attending meetings and conferences and strengthening client relationships is further boosting the expansion of the segment.

Market Share by End Use

Corporate sector accounts for a significant market share owing to the integral nature of corporate travel activities for the strengthening of existing professional relationships, foraging of new partnerships, and global expansion of the companies. The growing awareness about the various benefits associated with business travel including development of decision-making skills and exposure to newer environments are bolstering the United States business travel market demand.

Competitive Landscape

Expedia, Inc. is a travel technology company that operates and owns travel metasearch engines and travel fare aggregators. The company was founded in 1996 and is headquartered in Seattle, United States.

TravelPerk S.L.U. is one of the leading providers off web based tools for travellers. The company offers customer support services and manages payment methods, travel policies, and budgets. The company was founded in 2015 and is headquartered in Barcelona, Spain.

American Express Global Business Travel (GBT) is a leading B2B travel platform that provides software and services for managing meetings, events, travel, and expenses for companies of different sizes. The company was founded in 2014 and is headquartered in New York, United States.

Other United States business travel market key players include Navan, Inc., Booking Holdings Inc., BCD Travel Services B.V., World Travel, Inc, Corporate Travel Management, Travel Leaders Group, and CLC Lodging, among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type Purpose Type Age Group Travel Type Expenditure Service End Use Region
Breakup by Type	Managed Business Travel Unmanaged Business Travel
Breakup by Purpose Type	Internal Meetings Marketing Product Launch Trade Shows Others
Breakup by Age Group	Travellers Below 40 Years Travellers Above 40 Years
Breakup by Travel Type	Solo Travel Group Travel
Breakup by Expenditure	Lodging Dining Travel Fare Others
Breakup by Service	Transportation Food and Lodging Recreation Activity
Breakup by End Use	Corporate Government Others
Breakup by Region	New England Mideast Great Lakes Plains Southeast Southwest Rocky Mountain Far West
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Expedia, Inc. TravelPerk S.L.U. American Express Global Business Travel (GBT) Navan, Inc. Booking Holdings Inc. BCD Travel Services B.V. World Travel, Inc Corporate Travel Management Travel Leaders Group CLC Lodging Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
7   Opportunities and Challenges in the Market
8   North America Business Travel Market Overview
   8.1   Key Industry Highlights
   8.2   North America Business Travel Historical Market (2018-2023)
   8.3   North America Business Travel Market Forecast (2024-2032)
   8.4   North America Business Travel Market Share by Country
       8.4.1   United States
       8.4.2   Canada
9   United States Business Travel Market Overview
   9.1   Key Industry Highlights
   9.2   United States Business Travel Historical Market (2018-2023)
   9.3   United States Business Travel Market Forecast (2024-2032)
10   United States Business Travel Market by Type
   10.1   Managed Business Travel
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Unmanaged Business Travel
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
11   United States Business Travel Market by Purpose Type
   11.1   Internal Meetings
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Marketing
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   Product Launch
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   Trade Shows
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Others
12   United States Business Travel Market by Age Group
   12.1   Travellers Below 40 Years
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Travellers Above 40 Years
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
13   United States Business Travel Market by Travel Type
   13.1   Solo Travel
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   Group Travel
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
14   United States Business Travel Market by Expenditure
   14.1   Lodging
       14.1.1   Historical Trend (2018-2023)
       14.1.2   Forecast Trend (2024-2032)
   14.2   Dining
       14.2.1   Historical Trend (2018-2023)
       14.2.2   Forecast Trend (2024-2032)
   14.3   Travel Fare
       14.3.1   Historical Trend (2018-2023)
       14.3.2   Forecast Trend (2024-2032)
   14.4   Others
15   United States Business Travel Market by Service
   15.1   Transportation
       15.1.1   Historical Trend (2018-2023)
       15.1.2   Forecast Trend (2024-2032)
   15.2   Food and Lodging
       15.2.1   Historical Trend (2018-2023)
       15.2.2   Forecast Trend (2024-2032)
   15.3   Recreation Activity
       15.3.1   Historical Trend (2018-2023)
       15.3.2   Forecast Trend (2024-2032)
16   United States Business Travel Market by End Use
   16.1   Corporate
       16.1.1   Historical Trend (2018-2023)
       16.1.2   Forecast Trend (2024-2032)
   16.2   Government
       16.2.1   Historical Trend (2018-2023)
       16.2.2   Forecast Trend (2024-2032)
   16.3   Others
17   United States Business Travel Market by Region
   17.1   New England
       17.1.1   Historical Trend (2018-2023)
       17.1.2   Forecast Trend (2024-2032)
   17.2   Mideast
       17.2.1   Historical Trend (2018-2023)
       17.2.2   Forecast Trend (2024-2032)
   17.3   Great Lakes
       17.3.1   Historical Trend (2018-2023)
       17.3.2   Forecast Trend (2024-2032)
   17.4   Plains
       17.4.1   Historical Trend (2018-2023)
       17.4.2   Forecast Trend (2024-2032)
   17.5   Southeast
       17.5.1   Historical Trend (2018-2023)
       17.5.2   Forecast Trend (2024-2032)
   17.6   Southwest
       17.6.1   Historical Trend (2018-2023)
       17.6.2   Forecast Trend (2024-2032)
   17.7   Rocky Mountain
       17.7.1   Historical Trend (2018-2023)
       17.7.2   Forecast Trend (2024-2032)
   17.8   Far West
       17.8.1   Historical Trend (2018-2023)
       17.8.2   Forecast Trend (2024-2032)
18   Market Dynamics
   18.1   SWOT Analysis
       18.1.1   Strengths
       18.1.2   Weaknesses
       18.1.3   Opportunities
       18.1.4   Threats
   18.2   Porter’s Five Forces Analysis
       18.2.1   Supplier’s Power
       18.2.2   Buyer’s Power
       18.2.3   Threat of New Entrants
       18.2.4   Degree of Rivalry
       18.2.5   Threat of Substitutes
   18.3   Key Indicators for Demand
   18.4   Key Indicators for Price
19   Competitive Landscape
   19.1   Market Structure
   19.2   Company Profiles
       19.2.1   Expedia, Inc.
           19.2.1.1   Company Overview
           19.2.1.2   Product Portfolio
           19.2.1.3   Demographic Reach and Achievements
           19.2.1.4   Certifications
       19.2.2   TravelPerk S.L.U.
           19.2.2.1   Company Overview
           19.2.2.2   Product Portfolio
           19.2.2.3   Demographic Reach and Achievements
           19.2.2.4   Certifications
       19.2.3   American Express Global Business Travel (GBT)
           19.2.3.1   Company Overview
           19.2.3.2   Product Portfolio
           19.2.3.3   Demographic Reach and Achievements
           19.2.3.4   Certifications
       19.2.4   Navan, Inc.
           19.2.4.1   Company Overview
           19.2.4.2   Product Portfolio
           19.2.4.3   Demographic Reach and Achievements
           19.2.4.4   Certifications
       19.2.5   Booking Holdings Inc.
           19.2.5.1   Company Overview
           19.2.5.2   Product Portfolio
           19.2.5.3   Demographic Reach and Achievements
           19.2.5.4   Certifications
       19.2.6   BCD Travel Services B.V.
           19.2.6.1   Company Overview
           19.2.6.2   Product Portfolio
           19.2.6.3   Demographic Reach and Achievements
           19.2.6.4   Certifications
       19.2.7   World Travel, Inc
           19.2.7.1   Company Overview
           19.2.7.2   Product Portfolio
           19.2.7.3   Demographic Reach and Achievements
           19.2.7.4   Certifications
       19.2.8   Corporate Travel Management
           19.2.8.1   Company Overview
           19.2.8.2   Product Portfolio
           19.2.8.3   Demographic Reach and Achievements
           19.2.8.4   Certifications
       19.2.9   Travel Leaders Group
           19.2.9.1   Company Overview
           19.2.9.2   Product Portfolio
           19.2.9.3   Demographic Reach and Achievements
           19.2.9.4   Certifications
       19.2.10   CLC Lodging
           19.2.10.1   Company Overview
           19.2.10.2   Product Portfolio
           19.2.10.3   Demographic Reach and Achievements
           19.2.10.4   Certifications
       19.2.11   Others
20   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   North America Business Travel Market: Key Industry Highlights, 2018 and 2032
2.   United States Business Travel Market: Key Industry Highlights, 2018 and 2032
3.   United States Business Travel Historical Market: Breakup by Type (USD Billion), 2018-2023
4.   United States Business Travel Market Forecast: Breakup by Type (USD Billion), 2024-2032
5.   United States Business Travel Historical Market: Breakup by Purpose Type (USD Billion), 2018-2023
6.   United States Business Travel Market Forecast: Breakup by Purpose Type (USD Billion), 2024-2032
7.   United States Business Travel Historical Market: Breakup by Age Group (USD Billion), 2018-2023
8.   United States Business Travel Market Forecast: Breakup by Age Group (USD Billion), 2024-2032
9.   United States Business Travel Historical Market: Breakup by Expenditure (USD Billion), 2018-2023
10.   United States Business Travel Market Forecast: Breakup by Expenditure (USD Billion), 2024-2032
11.   United States Business Travel Historical Market: Breakup by Travel Type (USD Billion), 2018-2023
12.   United States Business Travel Market Forecast: Breakup by Travel Type (USD Billion), 2024-2032
13.   United States Business Travel Historical Market: Breakup by Service (USD Billion), 2018-2023
14.   United States Business Travel Market Forecast: Breakup by Service (USD Billion), 2024-2032
15.   United States Business Travel Historical Market: Breakup by End Use (USD Billion), 2018-2023
16.   United States Business Travel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
17.   United States Business Travel Historical Market: Breakup by Region (USD Billion), 2018-2023
18.   United States Business Travel Market Forecast: Breakup by Region (USD Billion), 2024-2032
19.   United States Business Travel Market Structure

Key Questions Answered in the Report

What was the United States business travel market value in 2023?

The market reached a value of approximately USD 258.66 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.

What is the United States business travel market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 546.41 billion by 2032.

What are the major market drivers?

The major market drivers include growing awareness about the various benefits associated with business travel including development of decision-making skills and expansion of the travel and tourism sector.

What are the key United States business travel market trends?

The key trends fuelling the growth of the market include rising emphasis on employee wellbeing and adoption of sustainable business travel practices.

What are the major regions in the market for business travel, according to the EMR report?

The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

What are the significant services available in the market?

The services include transportation, food and lodging, and recreation activity.

Who are the key market players, according to the United States business travel market report?

The key players in the market are Expedia, Inc., TravelPerk S.L.U., American Express Global Business Travel (GBT), Navan, Inc., Booking Holdings Inc., BCD Travel Services B.V., World Travel, Inc, Corporate Travel Management, Travel Leaders Group, and CLC Lodging, among others.

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