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Europe Business Travel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The Europe 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 undertaken for work. It is paid for by the companies and organizations and is set up either by in-house travel departments or external service providers. It includes various services, such as source and procurement, planning and booking, account management, and measuring and reporting. Business travel also offers the opportunity of generating mass saving through the process of negotiated discounts.
The Europe business travel market is primarily driven by the improving economic conditions in the region, which is increasing the demand for domestic and international business travel. With the demand exceeding the supply and consolidation reducing competitive pressure, short-haul prices are witnessing significant increases, while the much smaller long-haul sector is experiencing moderate price gains. Besides this, with the expanding European travel network, travelers are shifting their focus from product improvement to enhancing the customer experience. Furthermore, globalization has increased business activities in industries like healthcare and pharmaceuticals and manufacturing, which is resulting in the rapid rise of inter-regional operations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe 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:
Managed Business Travel
Unmanaged Business Travel
Breakup by Purpose Type:
Marketing
Internal Meetings
Trade Shows
Product Launch
Others
Breakup by Expenditure:
Travel Fare
Lodging
Dining
Others
Breakup by Age Group:
Travelers Below 40 Years
Travelers Above 40 Years
Breakup by Service Type:
Transportation
Food and Lodging
Recreational Activities
Others
Breakup by Travel Type:
Group Travel
Solo Travel
Breakup by End User:
Government
Corporate
Others
Breakup by Region:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2020
Historical Period
2015-2020
Forecast Period
2021-2026
Units
US$ Million
Segment Coverage
Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, Country
Countries Covered
Germany, France, United Kingdom, Italy, Spain, 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)
Key Questions Answered in This Report:
How has the Europe business travel market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe business travel market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the purpose type?
What is the breakup of the market based on the expenditure?
What is the breakup of the market based on the age group?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the travel type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe business travel market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Europe Business Travel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast 6 Market Breakup by Type
6.1 Managed Business Travel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Unmanaged Business Travel
6.2.1 Market Trends
6.2.2 Market Forecast 7 Market Breakup by Purpose Type
7.1 Marketing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Internal Meetings
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Trade Shows
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Product Launch
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast 8 Market Breakup by Expenditure
8.1 Travel Fare
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Lodging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Dining
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast 9 Market Breakup by Age Group
9.1 Travelers Below 40 Years
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Travelers Above 40 Years
9.2.1 Market Trends
9.2.2 Market Forecast 10 Market Breakup by Service Type
10.1 Transportation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Food and Lodging
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Recreational Activities
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast 11 Market Breakup by Travel Type
11.1 Group Travel
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Solo Travel
11.2.1 Market Trends
11.2.2 Market Forecast 12 Market Breakup by End User
12.1 Government
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Corporate
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Others
12.3.1 Market Trends
12.3.2 Market Forecast 13 Market Breakup by Region
13.1 Germany
13.1.1 Market Trends
13.1.2 Market Breakup by Type
13.1.3 Market Breakup by Purpose Type
13.1.4 Market Breakup by Expenditure
13.1.5 Market Breakup by Age Group
13.1.6 Market Breakup by Service Type
13.1.7 Market Breakup by Travel Type
13.1.8 Market Breakup by End User
13.1.9 Market Forecast
13.2 France
13.2.1 Market Trends
13.2.2 Market Breakup by Type
13.2.3 Market Breakup by Purpose Type
13.2.4 Market Breakup by Expenditure
13.2.5 Market Breakup by Age Group
13.2.6 Market Breakup by Service Type
13.2.7 Market Breakup by Travel Type
13.2.8 Market Breakup by End User
13.2.9 Market Forecast
13.3 United Kingdom
13.3.1 Market Trends
13.3.2 Market Breakup by Type
13.3.3 Market Breakup by Purpose Type
13.3.4 Market Breakup by Expenditure
13.3.5 Market Breakup by Age Group
13.3.6 Market Breakup by Service Type
13.3.7 Market Breakup by Travel Type
13.3.8 Market Breakup by End User
13.3.9 Market Forecast
13.4 Italy
13.4.1 Market Trends
13.4.2 Market Breakup by Type
13.4.3 Market Breakup by Purpose Type
13.4.4 Market Breakup by Expenditure
13.4.5 Market Breakup by Age Group
13.4.6 Market Breakup by Service Type
13.4.7 Market Breakup by Travel Type
13.4.8 Market Breakup by End User
13.4.9 Market Forecast
13.5 Spain
13.5.1 Market Trends
13.5.2 Market Breakup by Type
13.5.3 Market Breakup by Purpose Type
13.5.4 Market Breakup by Expenditure
13.5.5 Market Breakup by Age Group
13.5.6 Market Breakup by Service Type
13.5.7 Market Breakup by Travel Type
13.5.8 Market Breakup by End User
13.5.9 Market Forecast
13.6 Others
13.6.1 Market Trends
13.6.2 Market Breakup by Type
13.6.3 Market Breakup by Purpose Type
13.6.4 Market Breakup by Expenditure
13.6.5 Market Breakup by Age Group
13.6.6 Market Breakup by Service Type
13.6.7 Market Breakup by Travel Type
13.6.8 Market Breakup by End User
13.6.9 Market Forecast 14 SWOT Analysis
14.1 Overview
14.2 Strengths
14.3 Weaknesses
14.4 Opportunities
14.5 Threats 15 Value Chain Analysis
16 Porters Five Forces Analysis
16.1 Overview
16.2 Bargaining Power of Buyers
16.3 Bargaining Power of Suppliers
16.4 Degree of Competition
16.5 Threat of New Entrants
16.6 Threat of Substitutes 17 Price Analysis
18 Policy and Regulatory Landscape
19 Competitive Landscape
19.1 Market Structure
19.2 Key Players
19.3 Profiles of Key Players
List of Figures
Figure 1: Europe: Business Travel Market: Major Drivers and Challenges
Figure 2: Europe: Business Travel Market: Sales Value (in Million US$), 2015-2020
Figure 3: Europe: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Europe: Business Travel Market: Breakup by Type (in %), 2020
Figure 5: Europe: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 6: Europe: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 7: Europe: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 8: Europe: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 9: Europe: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 10: Europe: Business Travel Market: Breakup by End User (in %), 2020
Figure 11: Europe: Business Travel Market: Breakup by Country (in %), 2020
Figure 12: Europe: Business Travel (Managed Business Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Europe: Business Travel (Managed Business Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Europe: Business Travel (Unmanaged Business Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Europe: Business Travel (Unmanaged Business Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Europe: Business Travel (Marketing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Europe: Business Travel (Marketing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Europe: Business Travel (Internal Meetings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Europe: Business Travel (Internal Meetings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Europe: Business Travel (Trade Shows) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Europe: Business Travel (Trade Shows) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Europe: Business Travel (Product Launch) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Europe: Business Travel (Product Launch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Europe: Business Travel (Other Purpose Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Europe: Business Travel (Other Purpose Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Europe: Business Travel (Travel Fare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Europe: Business Travel (Travel Fare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Europe: Business Travel (Lodging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Europe: Business Travel (Lodging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Europe: Business Travel (Dining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Europe: Business Travel (Dining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Europe: Business Travel (Other Expenditures) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Europe: Business Travel (Other Expenditures) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Europe: Business Travel (Travelers Below 40 Years) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Europe: Business Travel (Travelers Below 40 Years) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Europe: Business Travel (Travelers Above 40 Years) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Europe: Business Travel (Travelers Above 40 Years) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Europe: Business Travel (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Europe: Business Travel (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Europe: Business Travel (Food and Lodging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Europe: Business Travel (Food and Lodging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Europe: Business Travel (Recreational Activities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Europe: Business Travel (Recreational Activities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Europe: Business Travel (Other Service Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Europe: Business Travel (Other Service Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Europe: Business Travel (Group Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Europe: Business Travel (Group Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Business Travel (Solo Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Business Travel (Solo Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Business Travel (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Business Travel (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Business Travel (Corporate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Business Travel (Corporate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Business Travel (Other End-Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Europe: Business Travel (Other End-Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Germany: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Business Travel Market: Breakup by Type (in %), 2020
Figure 58: Germany: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 59: Germany: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 60: Germany: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 61: Germany: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 62: Germany: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 63: Germany: Business Travel Market: Breakup by End User (in %), 2020
Figure 64: Germany: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Business Travel Market: Breakup by Type (in %), 2020
Figure 67: France: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 68: France: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 69: France: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 70: France: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 71: France: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 72: France: Business Travel Market: Breakup by End User (in %), 2020
Figure 73: France: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: United Kingdom: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: United Kingdom: Business Travel Market: Breakup by Type (in %), 2020
Figure 76: United Kingdom: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 77: United Kingdom: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 78: United Kingdom: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 79: United Kingdom: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 80: United Kingdom: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 81: United Kingdom: Business Travel Market: Breakup by End User (in %), 2020
Figure 82: United Kingdom: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Italy: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Italy: Business Travel Market: Breakup by Type (in %), 2020
Figure 85: Italy: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 86: Italy: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 87: Italy: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 88: Italy: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 89: Italy: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 90: Italy: Business Travel Market: Breakup by End User (in %), 2020
Figure 91: Italy: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Spain: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Spain: Business Travel Market: Breakup by Type (in %), 2020
Figure 94: Spain: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 95: Spain: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 96: Spain: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 97: Spain: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 98: Spain: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 99: Spain: Business Travel Market: Breakup by End User (in %), 2020
Figure 100: Spain: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 101: Others: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 102: Others: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 103: Europe: Business Travel Industry: SWOT Analysis
Figure 104: Europe: Business Travel Industry: Value Chain Analysis
Figure 105: Europe: Business Travel Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Europe: Business Travel Market: Key Industry Highlights, 2020 and 2026
Table 2: Europe: Business Travel Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Europe: Business Travel Market Forecast: Breakup by Purpose Type (in Million US$), 2021-2026
Table 4: Europe: Business Travel Market Forecast: Breakup by Expenditure (in Million US$), 2021-2026
Table 5: Europe: Business Travel Market Forecast: Breakup by Age Group (in Million US$), 2021-2026
Table 6: Europe: Business Travel Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 7: Europe: Business Travel Market Forecast: Breakup by Travel Type (in Million US$), 2021-2026
Table 8: Europe: Business Travel Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 9: Europe: Business Travel Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 10: Europe: Business Travel Market: Competitive Structure
Table 11: Europe: Business Travel Market: Key Players
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