Corporate Travel Industry Size at Traveling

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Corporate Travel Industry Size. Business travel, also known as corporate travel, is a journey explicitly undertaken for work purposes or to expand business operations. The global travel industry has grown from usd 6.03 trillion in 2006 to usd 8.27 trillion by 2017, growing at a cagr of 2.9% — making the travel and tourism industry one of the world’s largest industries in the world in terms of global economic contribution (direct, indirect and induced).

Philippines market set to reach US7bn in 2023
Philippines market set to reach US7bn in 2023 from www.globaldata.com

Hotel occupancy dove to 25%.2travel showed its resilience when relief arrived in the form of vaccines. It is centred on the movement of people from one location to another, as well as the services they require along the way and is closely linked to the hospitality industry and the hotel industry, among others. Rely on marketresearch.com’s catalog of market research studies to keep you abreast of the resurgent corporate travel industry.

Philippines market set to reach US7bn in 2023

Corporate travel in 2022 and beyond. The global corporate travel insurance market size is usd million in 2022 from. The global business travel market has witnessed strong growth owing to the increase in in travel & tourism and the accelerated development of businesses across the globe. Historically, gbt caters to two business categories: