Global Business Travel Market Size & Outlook, 2023-2030
The business travel industry worldwide is expected to reach a projected revenue of US$ 2,749,460.9 million by 2030. A compound annual growth rate of 10.4% is expected of the worldwide business travel industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,372,800.0
Forecast, 2030 (US$M)
$2,749,460.9
CAGR, 2024 - 2030
10.4%
Report Coverage
Worldwide
Global business travel market, 2018-2030 (US$M)
Global business travel market highlights
- The global business travel market generated a revenue of USD 1,372,800.0 million in 2023 and is expected to reach USD 2,749,460.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.4% by 2030.
- In terms of segment, solo accounted for a revenue of USD 1,372,800.0 million in 2023.
- Solo is the most lucrative traveler segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,372,800.0 million |
| Market revenue in 2030 | USD 2,749,460.9 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Solo |
| Fastest growing segment | Solo |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solo |
Other key industry trends
- In terms of revenue, the North America accounted for 27.2% of the global business travel market in 2023.
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Business Travel Market Scope
Business travel market segmentation & scope
Purpose
Marketing
Meetings
Trade Shows/Exhibitions
Product Launch
Others
Industry
Corporate
Government
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Business Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global business travel market size, by regions, 2018-2030 (US$M)
Related regional statistics
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