United States Business Travel Market

Market Overview:

The United States business travel market is currently witnessing moderate growth. Business travel, or corporate travel, refers to trips undertaken for work or expanding business operations. The process involves traveling to different branch locations to meet with suppliers and buyers or attending events like conferences and business meetings. Business travel also includes several other components such as meeting clients, brand and production promotion, employee training and incentives, and business expansion. In the United States, digitization in the tourism and corporate sectors has led to the growing demand for business travel across the country.

The United States business travel market is primarily driven by the growing focus on domestic networks. Additionally, the increasing demand for traveling on international routes and the weakening of the dollar have encouraged visitors to opt for business travel in the United States. With a significant rise in the number of business activities, several corporate organizations have collaborated with the leading business travel companies to provide customized collaborative spaces and team-building exercises to relieve stress and improve work efficiency. On account of these factors, the market is expected to witness 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 United States 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:

• Group Travel
• Solo Travel
   

Breakup by End User:

• Government
• Corporate
• Others
   

Breakup by Region:

• Northeast
• Midwest
• South
• West
   

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

List of Tables

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