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The Asia Pacific business travel market is expected to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Business travel refers to a journey that is taken explicitly for work or expanding business operations. Also known as corporate travel, it includes various components like client meetings, promoting brands and products, business expansion, and employee training and incentives. In the Asia Pacific region, business travel is gaining immense preference among organizations due to rapid globalization and increased business activities.
The Asia Pacific business travel market is primarily driven by the rising middle class and stable economic growth in the region. The increasing adoption of technology in travel management processes is also contributing to the market. Additionally, rapid digitization in the tourism and corporate sectors, coupled with the penetration of the Internet of Things (IoT), has helped both travelers and travel operators to operate swiftly and efficiently. Furthermore, there has been a rising trend of B-leisure travel, which incorporates business with pleasure elements while offering recreational activities for relieving stress and improving work efficiency.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific business travel market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.
Breakup by Type:
Breakup by Purpose Type:
Breakup by Expenditure:
Breakup by Age Group:
Breakup by Service Type:
Breakup by Travel Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, Country|
|Countries Covered||China, Japan, India, South Korea, Australia, Indonesia, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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