Around one-quarter of travel managers surveyed in the United States at the beginning of 2022 believed that the business travel spending in their company for trips to Europe would be higher in that year than in pre-pandemic times. By contrast, only seven percent of U.S. respondents expected the same regarding business trips to Africa.

The global business travel market was worth approximately 700 billion U.S. dollars in 2020, according to data published by Allied Market Research. This value is expected to grow by 188 percent in 2028.

The Latin America business travel market size reached USD 50.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 86.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.89% during 2025-2033. The rising investments in transportation and communication infrastructure, the implementation of favorable government policies to attract foreign investments to promote business growth, and the significant expansion in several industries are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the Latin America business travel market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.

China is expected to be the world's leading business travel market in 2024, with an estimated total travel spending of almost 373 billion U.S. dollars. The United States ranked second in the list. In that year, the global business travel industry recovered fully after the effect of the COVID-19 pandemic.

The global business travel market size reached USD 1.1 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Trillion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033. Increasing globalization of businesses, advancements in technology facilitating remote communication, the rise of multinational corporations necessitating cross-border travel, the growing importance of emerging markets, evolution of travel management solutions, adoption of flexible work arrangements, and government initiatives promoting tourism are factors some of the factors facilitating the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type, and end-user.

Global business tourism spending was estimated to reach approximately 1.5 trillion U.S. dollars in 2024, which represents a full recovery from the COVID-19 pandemic. Business travel is a branch of the tourism industry focusing on trips made for work-related purposes. Attending congresses, meetings, and trade fairs, for instance, are among the main activities related to this market. How did the COVID-19 pandemic hit domestic and international business trips? After the outbreak of the coronavirus (COVID-19) pandemic in 2020, companies worldwide had to revisit their trip plans, as different restrictions adopted across the world disrupted global travel. According to a study by the Global Business Travel Association (GBTA), the share of companies canceling most or all domestic business trips worldwide reached 38 percent as of October 2021. Meanwhile, almost eight in ten surveyed firms suspended international business travel as of the same month. Which company spent the most on booked air volume in the U.S.? As the pandemic hit the business travel market hard in 2020, it comes as no surprise that the volume of air tickets purchased by companies in the United States experienced a sharp decline due to the health crisis. While Deloitte spent over 583 million U.S. dollars on air travel in 2019, it reported an expenditure of 97 million U.S. dollars in 2020. That year, the company ranked as the second leading air travel spender in the U.S. behind Amazon.

The demand for outbound tourism in the United States is expected to be valued at US$ 108.81 billion in 2024 and reach US$ 412.26 billion by 2034. Outbound tourism is expected to progress at an impressive CAGR of 14.2% through 2034.

Industry Outlook

Category-wise Insights

Scope of the Report

The India business travel market size reached USD 41.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 80.5 Billion by 2033, exhibiting a growth rate (CAGR) of 7.22% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the India business travel market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.

According to Cognitive Market Research, the global Business Travel Market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.

North America held the largest share of the global Business Travel market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

Market Dynamics of the Business Travel Market

Key Drivers of the Business Travel Market

Market expansion is being propelled by enterprises becoming global

The increasing globalization of business is driving the business travel Market. Businesses are branching out internationally because they want to access new markets. They cross international boundaries in search of varied talent, new markets, and improved supply chains. Even with the advancement of virtual technologies, face-to-face meetings remain crucial. It fosters relationships, understanding, and trust all of which are difficult to establish online. Meeting in person reduces misunderstandings by improving body language comprehension. Major business transactions are impacted by the stronger trust that is created in person. Professionals travel for conferences, trade exhibitions, and client meetings because they need to build strong relationships and communicate effectively. Because in-person communication is essential in some business scenarios, the market for business travel benefits.

Technology has brought about a shift in the way firms operate through virtual cooperation; nevertheless, it has also increased the significance of business travel. The complexity of firms with their worldwide supply chains and various workforces makes physical presence increasingly important. Due to people's preference for in-person contact, there is going to be a rise in the need for business travel. Consequently, driving income in the business travel market.

Building relationships and networking are key factors propelling the market

In-person experiences are a more effective way for people to build relationships and trust than virtual ones. Body language, facial emotions, and nonverbal indicators all help us understand others better and provide a sense of connection that is difficult to establish through digital media. In addition, face-to-face contacts offer a special venue for networking. Professionals can meet and connect with a variety of people at events, conferences, and business meetings. Through networking, one can find new alliances, teamwork, and commercial prospects that might not have been visible on the Internet. Furthermore, face-to-face meetings provide direct and unambiguous communication. Conversations are more productive when there are subtleties in tone, emphasis, and prompt feedback. This is a crucial component since in negotiations, context and subtlety are crucial.

Restraint of the Business Travel Market

Time constraints are having an impact on the market's growth

Professionals often struggle with tight schedules packed with meetings, deadlines, and project deliverables. The limited availability of time becomes a substantial obstacle to undertaking extensive business travel. Business trips require dedicated time for planning, commuting, and on-site engagements, which can strain an already time-constrained workweek. In addition, the contemporary emphasis on achieving a healthy work-life balance has intensified, and professionals are increasingly aware of the need to allocate time for personal commitments, family, and well-being. Frequent business travel can disrupt this delicate equilibrium, leading to concerns about the impact on personal life and ov...

The Report Covers travel insurance companies in USA and it is Segmented By Insurance Coverage (Single-Trip Travel Insurance and Annual Multi-trip Travel Insurance), By Distribution channels (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Others) and By End-User (Senior Citizens, Business Travelers, Family Travelers, and Others (Education Travelers, etc.)). The report offers market size and forecasts for the United States Travel Insurance Market in value (USD Billion) for all the above segments.

In 2024, the global business travel spending increased by more than 11 percent. In the following years, it is expected that the expenditure of business tourists keeps growing, but not at the same pace. Resuming business travel after COVID-19 The global health crisis significantly affected the business travel industry, as is evident from the significant drop in business travel spending in 2020. Specifically, the predicted loss in business travel spending worldwide due to COVID-19 added up to more than 700 billion U.S. dollars in 2020. While the pandemic is gradually becoming less severe, the impact it had on the travel industry remains. As of February 2022, around one out of ten employees worldwide were still either unwilling or unsure to take business trips. Most expensive cities for business travel Studies have identified the most expensive cities when embarking on travel for business purposes. In 2020, Tokyo was the most expensive city for business travel worldwide based on daily costs. Average costs per day in the capital city of Japan amounted to 652.38 U.S. dollars in that year. Looking at the most expensive cities for business travel worldwide by daily hotel costs, however, Tel Aviv reported the highest daily prices.

Market Summary Corporate Travel Security Market:

• Global Corporate Travel Security market size 2023 was XX Million. Corporate Travel Security Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031. • A rise in corporate travel due to globalization increases the demand for corporate travel Security Market and the efficiency of corporate travel security systems is increased by using AI-driven technologies, which gives an opportunity to propel market expansion. • The COVID-19 had a negative impact on market as there were strict regulations, people were not allowed to travel which affected the corporate travel market and eventually the corporate travel security market. • Rise in the importance of corporate travel safety, a lot of companies are coming up with new services for the safety of employees. Along, with this joint-ventures and collaborations are also taking place. • North America is the dominant region is this market because of its robust economy and wide range of industries, it is a major hub for business travel. Market Dynamics of Corporate Travel Security Market:

Key Drivers:

A rise in corporate travel due to globalization increases the demand for corporate travel Security Market

In the context of worldwide corporate expansion, in-person meetings, discussions, and cooperation become increasingly important. Establishing connections, having direct conversations, and looking into fresh business prospects are all made easier by business travel. Corporate business travel can open up for business expansion by reaching new markets, establishing connections with a larger pool of potential customers, or building brand recognition and reputation. Executives and staff may have the opportunity to travel for business purposes in a variety of ways, including attending conferences, meetings, industry networking events, and fairs. Alternatively, a trip could benefit from educational possibilities including workshops, seminars, and training sessions. Retreats and escorted excursions can provide worthwhile opportunities for team-building in novel settings that foster diverse viewpoints and solidify collaborative connections. Individuals reap numerous advantages from business travel, such as interacting with coworkers, advancing their careers through various experiences, building industry networks, and exploring new places. Security and safety for business travelers are of utmost importance when travelling for business. Many personnel, such as sales representatives, client service managers, consultants, conference and events workers, rely on business travel for logistical reasons. For Instance, The Global Business Travel Association (GBTA) projects that business travel in India would increase by 18.3% in 2024 due to growing corporate earnings and foreign direct investment. It is anticipated that Indian businesses will have spent $32.3 billion on events, conferences, business travel, and meetings in 2023. India's spending on business travel increased by 24.7% last year, but it fell short of other major Asia Pacific (APAC) nations. (Source:https://www.thehindubusinessline.com/economy/business-travel-in-india-gains-momentum-to-reach-pre-covid-level-in-2025-gbta-outlook/article67891890.ece) Hence, as the corporates travel, their safety becomes of utmost importance. For example, the arranging the necessary legal documents, proper hotel bookings, pre-cab booking from airports, emergency numbers, medical support, food and hygienic standards should be maintained for the employees for the smooth functioning of the work related to their businesses.

Key Opportunity:

The efficiency of corporate travel security systems is increased by using AI-driven technologies, which gives an opportunity to propel market expansion

AI algorithms can enable to evaluate travel habits and preferences and generate intelligent suggestions for travel, lodging, and transportation. This saves time by letting one make well-informed decisions rather than wasting it researching prices and options. By evaluating information from a variety of sources, such as travel alerts and other real-time data that can help guarantee travellers' safety and security, artificial intelligence (AI) can also assist businesses in evaluating possible dangers related to business travel. Wh...

Mexico generated the highest business travel spending in the United States in 2023, accounting for more than 11 billion U.S. dollars. India was the second leading source market for this type of tourism spending that year. The total business travel spending by international visitors in the United States in 2023 amounted to almost 38 billion U.S. dollars.

U.S. & Canada Travel Market size was valued at USD 952.8 billion in 2021 and is poised to grow from USD 1052.84 billion in 2022 to USD 2117.87 billion by 2030, at a CAGR of 10.5% during the forecast period (2023-2030).

The North America online travel market is projected to reach a value of USD 443.38 million by 2033, expanding at a CAGR of 9.80% from 2023 to 2033. The market growth is primarily driven by the increasing adoption of online travel booking platforms, rising disposable income, and growing popularity of leisure travel. Additionally, the convenience and cost-effectiveness offered by online travel agents (OTAs) have further fueled market expansion. Major drivers of the market include the surge in mobile travel bookings, the rise of budget airlines, and the growing popularity of package tours. Holiday package bookings, desktop bookings, and direct bookings are the leading segments in terms of service type, platform, and mode of booking, respectively. The United States holds a dominant position in the North American online travel market and is expected to maintain its dominance throughout the forecast period. Key players in the market include JTB Americas Group, TripAdvisor, Booking Holdings, Expedia, and Airbnb, among others. Recent developments include: In November 2023, Airbnb has acquired a startup called Gameplanner.AI in a deal valued at USD 200 million. Some of Airbnb's AI initiatives will be accelerated by Gameplanner.AI., In July 2023, Tripadvisor has partnered with OpenAI on travel itinerary generator. The AI-powered planning tool will create personalized day-by-day trip itineraries using traveller reviews.. Key drivers for this market are: Rise in Demand for Work-Life Balance, Cost Savings for Both Travelers and Employers. Potential restraints include: Stringent Company Policies, Suitability of Business Travel Destinations. Notable trends are: The Expanding Tourism Industry in the United States is Helping the Market in Recording More Transactions.

The coronavirus (COVID-19) pandemic massively disrupted global travel and tourism in 2020. Countries across the globe enacted emergency measures and travel bans to curb the spread of the virus. Due to the impact of the pandemic, business tourism spending fell dramatically in 2020 over the previous year across all global regions. Overall, Asia Pacific recorded the highest figure in 2020, with spending on business trips amounting to nearly 174 billion U.S. dollars that year, dropping sharply from over 403 billion U.S. dollars in 2019. Europe reported the second-highest expenditure in 2020, adding up to 152 billion U.S. dollars.

AutoScraping’s Travel Agents Contact Data is a unique and comprehensive dataset that provides detailed and verified information on 9,000 travel agents across the USA, LATAM, and Europe. This data product is specifically designed for businesses looking to expand their reach in the travel and tourism industry. It offers key insights and direct access to professionals in one of the most dynamic and globally connected sectors.

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Geographic Coverage: USA, LATAM, Europe. Contact Information: Verified email addresses and phone numbers. Industry Focus: Travel agents with expertise in various travel segments such as leisure, corporate travel, luxury travel, and more. Compliance: GDPR-compliant, ensuring your outreach efforts are legally protected. Scale & Quality Indicators Our dataset includes 9,000 meticulously verified records, ensuring a high degree of accuracy and completeness. We use a rigorous verification process to cross-check and validate each entry, reducing the likelihood of outdated or incorrect information. This makes it an excellent choice for businesses that require reliable data for high-stakes applications, such as sales, marketing, and strategic planning.

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This dataset complements our other offerings by providing specific, actionable insights into the travel industry, characterized by its rapid growth and high competition. By incorporating this dataset into your business intelligence arsenal, you can gain a competitive edge and build stronger connections in the travel market.

Why Choose AutoScraping? With over a decade of experience in data extraction and verification, AutoScraping is a trusted partner for businesses seeking high-quality, reliable data. Our commitment to accuracy, compliance, and customer satisfaction sets us apart in the industry. Whether you want to expand your market presence, refine your business strategies, or conduct in-depth market research, our datasets are designed to meet your needs.

Investing in our Travel Agents Contact Data means you are not just acquiring information but gaining a powerful tool to drive your business forward. Our team is here to support you with any customization needs, ensuring that the data you receive perfectly al...

The travel advertising market is developing its place in the global economy sector, with a projected value of US$ 11.61 billion in 2024 and a CAGR of 9.2% from 2024 to 2034. By 2034, it is envisioned to reach US$ 27.99 billion. By the end of the forecast period, firms operating in the travel and tourism sector are anticipated to have lucrative prospects for this fascinating revolution in the industry.

Historical Analysis and Forecast Projection

Category-wise Insights

Country-wise Insights

Global Tourism Market size was worth around $11.39 trillion in 2023 and is predicted to grow to around $18.44 trillion by 2032 with a CAGR of 5.5%.

As of mid-2024, it was estimated that the global business travel spending at the end of that year would amount to nearly 1.5 trillion U.S. dollars. By 2028, this figure is projected to reach over two trillion dollars.