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Asia Pacific Business Travel Market Insight, Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2026

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Nasir Jones
Asia Pacific Business Travel Market Insight, Size, Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2026

According to IMARC Group’s latest report, titled “Asia Pacific Business Travel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Asia Pacific business travel market to exhibit strong growth during 2021-2026. Business travel, or corporate travel, refers to a journey explicitly undertaken for work purposes. Such kind of travel endeavor serves various corporate objectives, such as business expansion, exhibitions, networking, client meetings, promoting brands, incentives, and employee training. These trips are usually managed by a business travel manager who coordinates travel logistics, books flights, negotiates with airlines and hotels for best prices, and enforces travel policies.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Request for a free sample copy of this report: https://www.imarcgroup.com/asia-pacific-business-travel-market/requestsample

Asia Pacific Business Travel Market Trends and Drivers:

The Asia Pacific business travel market is majorly driven by the rise in the travel and tourism industry along with increasing adoption of advanced technologies in travel management operations. In line with this, the trend of globalizing businesses and digitizing tourism with the help of the Internet of Things (IoT) have intensified the need for business travel in the region. Moreover, the rising practice of combining work with pleasure elements that offer stress-relieving activities to improve work efficiency is propelling the market growth. However, the mass outbreak of the coronavirus disease (COVID-19) presented challenges to the market growth in the Asia Pacific due to the travel ban imposed by governments of various nations to constrain the spread of the virus. The market is expected to recover the impeded growth once normalcy is regained.

Key Market Segmentation:

The report has segmented the Asia Pacific business travel market on the basis of type, purpose type, expenditure, age group, service type, travel type, end user and region.

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:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Competitive Landscape With Key Players:

The competitive landscape of the Asia Pacific business travel market has been studied in the report with the detailed profiles of the key players operating in the market.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/asia-pacific-business-travel-market

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Market
  • Value Chain Analysis
  • Structure of the Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Europe Business Travel Market: https://www.imarcgroup.com/europe-business-travel-market

Latin America Business Travel Market: https://www.imarcgroup.com/latin-america-business-travel-market

India Business Travel Market: https://www.imarcgroup.com/india-business-travel-market

United States Business Travel Market: https://www.imarcgroup.com/united-states-business-travel-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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