GLOBAL BUSINESS TRAVEL MARKET 2014-2018

Business travel management is a specific business function that aligns employee requirements with corporate goals, both on financial and other terms. It helps in realizing cost tracking and control for organizations, facilitates employees to adhere to corporate travel and entertainment (T&E) policies, and generates mass savings through negotiated discounts. It also serves in building up an information center for employees and travel managers in times when travel is afflicted with problems of safety and uncertainty. Organizations are increasingly setting up their in-house travel departments and employing external service providers such as TMCs in anticipation of the dynamic changes in the global business landscape.

TechNavio's analysts forecast the Global Business Travel market to grow at a CAGR of 7.19 percent over the period 2013-2018.

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The Global Business Travel market can be segmented into four: Sourcing and Procurement, Planning and Booking, Account Management, and Measuring and Reporting. Customers from almost every vertical are nowadays taking this aspect of business as a priority.

TechNavio's report, the Global Business Travel Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, North America, the Rest of the World (ROW), and Western Europe; it also covers the Global Business Travel market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions
• APAC
• North America
• ROW
• Western Europe

Key Vendors
• American Express Company
• BCD Travel
• Carlson Wagonlit Travel
• Expedia
• Hogg Robinson Group

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