2020 Business Travel Industry Report – Increasing Internet Penetration, Growth in IoT, Increasing Involvement of AI, Globalization, COVID-19

Dublin, March 18, 2020 (GLOBE NEWSWIRE) — The “Global Business Travel Market Size, Trends and Insights (2020 Edition)” report has been added to ResearchAndMarkets.com’s offering.
Global Business Travel Market Size, Trends and Insights (2020 Edition) provides an in-depth analysis of the business travel market including a detailed description of market sizing and growth.The report provides an analysis of the global business travel market by value and also includes regional analysis of the business travel market for the following regions: China, the US, Germany, Japan, United Kingdom, France, South Korea, India, Italy, Canada, Brazil, Australia, Spain, Netherlands, Russia and RoW (Rest of the world).The global business travel market witnessed continuous growth during the period (2016-2019).The factors that drove the growth of the market were increasing internet penetration, growth in the internet of things (IoT), increasing involvement of artificial intelligence, globalization etc.However, 2020 is expected to be a tough year for the business travel industry.
The ongoing outbreak of the deadly COVID-19 disease has led to companies globally halt business travel domestically as well as to other countries keeping in view the health and safety of their employees. The ban would also have a major negative impact on the sectors linked to business travel from airlines to hospitality. Ticket and booking cancellations have escalated since the outbreak.The major players dominating the business travel market are Carlson Holdings (Carlson Wagonlit Travel), American Express Company (American Express Global Business Travel), Expedia Group, and BCD Group (BCD Travel). The four companies have been profiled in the report providing their business overview, financial overview and business strategies.
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1. Executive SummaryFor more information about this report visit https://www.researchandmarkets.com/r/lzmzmhResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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