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Historical Year
Forecast Year
Business travel refers to travelling activities that are specifically undertaken for work purposes. The different purposes of business travel include networking, attending events and meetings, assessment of products or services before investing, and travelling for client and vendor meetings.
The rising emphasis on employee well-being is supporting the United States business travel industry growth. To encourage employees and foster team cohesion, many companies are actively investing in leisure activities. These activities help alleviate stress and enhance work productivity.
United States Business Market Size
United States Business Market Growth
United States Business Market Analysis
United States Business Market Share
United States Business Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 258.66 billion in 2023.
The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 546.41 billion by 2032.
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.
The key trends fuelling the growth of the market include rising emphasis on employee wellbeing and adoption of sustainable business travel practices.
The market is broken down into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The services include transportation, food and lodging, and recreation activity.
The competitive landscape consists of 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.
The market is categorised according to its type, which includes managed business travel and unmanaged business travel.
The market is categorised according to its travel type, which includes solo travel and group travel.
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