London, 15 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Business Travel Market 2014-2018.
Business travel management is a specific business function that helps in realizing cost tracking and control for organizations, facilitates employees to adhere to corporate T&E policies and generates mass savings through negotiated discounts. The Global Business Travel Market is expected to grow at a CAGR of 7.19 percent during the forecast period.
The latest report by TechNavio focuses on an increased demand for business travel in several regions. Developing economies that are aspiring to become global business hubs are opening doors to corporations worldwide, and a rise in business activity is driving the need for travel.
The report also emphasizes travel landscapes that are rapidly changing in line with the customized needs of the next generation of travelers. Some key end users highlighted in this report include:
- Banking and Finance Sector
- Pharmaceuticals and Healthcare Sector
- Manufacturing Sector
“The newer generation of employees is much more adventurous and prefers to book travel through a preferred convenient device and channel. Thus, personal preferences are playing a bigger role in decisions on where to stay and fly within a pre-set corporate budget,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Demand from APAC Region
- For a full detailed list, view our report.
Market Challenges:
- Existing Worldwide Political Instability
- For a full detailed list, view our report.
Market Trends:
- Increased Technology Adoption in Travel Management Process
- For a full detailed list, view our report.
Key Vendors:
- American Express Co.
- BCD Travel BV
- Carlson Wagonlit Travel Inc.
- Expedia Inc.
- Hogg Robinson Group plc
Other Prominent Vendors:
- Adelman Travel Group
- Balboa Travel Management
- Cain Travel
- Frosch International Travel
- Global Crew Logistics
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
