Thursday, June 6, 2024 The business travel market is projected to reach an impressive $928,400 million by 2030, showcasing substantial growth driven by innovative trends and proven strategies. The “Global Business Travel – Strategic Business Report” has been incorporated into the offerings of ResearchAndMarkets.com.

In 2023, the global Business Travel market was valued at approximately US$690.6 Billion, with projections suggesting it will grow to US$928.4 Billion ($928,400 Million) by 2030, reflecting a CAGR of 3.

8% over the period from 2023 to 2030. The segment focused on Business Travel Food & Lodging is expected to experience a CAGR of 4.4%, reaching US$509.

8 Billion by the end of the analysis period. Meanwhile, the Recreation segment is forecasted to grow at a CAGR of 3.4% over the next eight years.

In the United States, the Business Travel market is projected to be worth US$246.7 Billion in 2023. China, ranking as the world’s second-largest economy, is anticipated to achieve a market size of US$59.

2 Billion by 2030, with a CAGR of 5.3% over the 2023-2030 period. Other significant markets include Japan and Canada, expected to grow at CAGRs of 2.

9% and 3.8%, respectively. Within Europe, Germany is predicted to grow at a CAGR of approximately 3.

3%. This comprehensive analysis covers the global business travel market, providing annual sales data in US$ million from 2014 through 2030. It includes various regions such as the USA, Canada, Japan, China, Europe, Asia-Paci.