Market Overview:
The India business travel market is currently witnessing strong growth. 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. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India business travel market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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:
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.
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 Million US$), 2015-2020
Figure 3: India: Business Travel Market Forecast: Sales Value (in Million US$), 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