Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United States Business Travel Market Size

The United States business travel market value 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.

 

United States Business Travel Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 258.66
Market Size 2032 USD Billion 546.41
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.8%
CAGR 2024-2032 - Market by Region Southeast 11.2%
CAGR 2024-2032 - Market by Region Great Lakes 10.5%
CAGR 2024-2032 - Market by Type Managed Business Travel 10.4%
CAGR 2024-2032 - Market by Expenditure Travel Fare 10.8%
2023 Market Share by Region Mideast 18.2%

 

United States Business Market Report Snapshots

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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Key Questions Answered in the Report

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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