Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

India Business Travel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India business travel market reached a value of US$ 34.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% 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 the journey that is undertaken for work and business purposes. It is usually paid for by the employer through the in-house travel departments or external service providers. Business travel includes a wide variety of components such as sourcing and procurement, planning and booking, account management, and measuring and reporting. In India, business travel has gained momentum as it facilitates cost tracking and control for organizations while helping the employees adhere to corporate T&E policies, generating mass savings through negotiated discounts.

The India business travel market is primarily driven by stable economic growth and decreasing airfares due to the introduction of new airlines. Additionally, as India has the capability of becoming a business hub, it is creating opportunities for corporates to open offices in the region. Along with this, tie-ups of several corporate organizations with the leading business travel providers to offer customized collaborative spaces and team-building exercises are positively impacting the growth of the market. Furthermore, increasing business activities in industries like healthcare, pharmaceuticals, and manufacturing, which are the largest end customers for business travel, are rapidly driving inter-regional operations.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India business travel market, along with forecasts at the country and regional 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:

  • North India
  • West and Central India
  • South India
  • East India
     

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$ Billion
Segment Coverage Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, Region
Region Covered North India, West and Central India, South India, East India, 
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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 India 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 India 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 India 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    India 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    North India
        13.1.1 Market Trends
        13.1.2 Market Breakup by State
        13.1.3 Market Forecast
    13.2    West and Central India
        13.2.1 Market Trends
        13.2.2 Market Breakup by State
        13.2.3 Market Forecast
    13.3    South India
        13.3.1 Market Trends
        13.3.2 Market Breakup by State
        13.3.3 Market Forecast
    13.4    East India 
        13.4.1 Market Trends
        13.4.2 Market Breakup by State
        13.4.3 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: India: Business Travel Market: Major Drivers and Challenges
Figure 2: India: Business Travel Market: Sales Value (in Billion US$), 2015-2020
Figure 3: India: Business Travel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: India: Business Travel Market: Breakup by Type (in %), 2020
Figure 5: India: Business Travel Market: Breakup by Purpose Type (in %), 2020
Figure 6: India: Business Travel Market: Breakup by Expenditure (in %), 2020
Figure 7: India: Business Travel Market: Breakup by Age Group (in %), 2020
Figure 8: India: Business Travel Market: Breakup by Service Type (in %), 2020
Figure 9: India: Business Travel Market: Breakup by Travel Type (in %), 2020
Figure 10: India: Business Travel Market: Breakup by End User (in %), 2020
Figure 11: India: Business Travel Market: Breakup by Region (in %), 2020
Figure 12: India: Business Travel (Managed Business Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: India: Business Travel (Managed Business Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: India: Business Travel (Unmanaged Business Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: India: Business Travel (Unmanaged Business Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: India: Business Travel (Marketing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: India: Business Travel (Marketing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: India: Business Travel (Internal Meetings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: India: Business Travel (Internal Meetings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: India: Business Travel (Trade Shows) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: India: Business Travel (Trade Shows) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: India: Business Travel (Product Launch) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: India: Business Travel (Product Launch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: India: Business Travel (Other Purpose Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: India: Business Travel (Other Purpose Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: India: Business Travel (Travel Fare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: India: Business Travel (Travel Fare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: India: Business Travel (Lodging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: India: Business Travel (Lodging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: India: Business Travel (Dining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: India: Business Travel (Dining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: India: Business Travel (Other Expenditures) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: India: Business Travel (Other Expenditures) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: India: Business Travel (Travelers Below 40 Years) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: India: Business Travel (Travelers Below 40 Years) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: India: Business Travel (Travelers Above 40 Years) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: India: Business Travel (Travelers Above 40 Years) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Business Travel (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Business Travel (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Business Travel (Food and Lodging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Business Travel (Food and Lodging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Business Travel (Recreational Activities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Business Travel (Recreational Activities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Business Travel (Other Service Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: India: Business Travel (Other Service Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Business Travel (Group Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Business Travel (Group Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Business Travel (Solo Travel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Business Travel (Solo Travel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: India: Business Travel (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: India: Business Travel (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: India: Business Travel (Corporate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: India: Business Travel (Corporate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Business Travel (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: India: Business Travel (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: North India: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: North India: Business Travel Market: Breakup by State (in %), 2020
Figure 58: North India: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: West and Central India: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: West and Central India: Business Travel Market: Breakup by State (in %), 2020
Figure 61: West and Central India: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South India: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South India: Business Travel Market: Breakup by State (in %), 2020
Figure 64: South India: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: East India: Business Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: East India: Business Travel Market: Breakup by State (in %), 2020
Figure 67: East India: Business Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: India: Business Travel Industry: SWOT Analysis
Figure 69: India: Business Travel Industry: Value Chain Analysis
Figure 70: India: Business Travel Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Business Travel Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Business Travel Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: India: Business Travel Market Forecast: Breakup by Purpose Type (in Million US$), 2021-2026
Table 4: India: Business Travel Market Forecast: Breakup by Expenditure (in Million US$), 2021-2026
Table 5: India: Business Travel Market Forecast: Breakup by Age Group (in Million US$), 2021-2026
Table 6: India: Business Travel Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 7: India: Business Travel Market Forecast: Breakup by Travel Type (in Million US$), 2021-2026
Table 8: India: Business Travel Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 9: India: Business Travel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 10: India: Business Travel Market: Competitive Structure
Table 11: India: Business Travel Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links