Corporate Travel Industry Size at Traveling

Best traveling tips and references website . Search anything about traveling Ideas in this website.

Corporate Travel Industry Size. Sales value (in million us$), 2015 & 2020 figure 53: Business travel, also known as corporate travel, is a journey explicitly undertaken for work purposes.

6 Key Travel Industry Growth Statistics Hotelmize
6 Key Travel Industry Growth Statistics Hotelmize from www.hotelmize.com

Try our corporate solution for free! 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). Sweden and norway, with respective market growth rates of 6.8% and 6.6 %, are quickly becoming popular business travel destinations as well (gbta, 2018).

6 Key Travel Industry Growth Statistics Hotelmize

Business travel (other end users) market: It includes transportation, accommodation, business work, entertainment, and. Hotel occupancy dove to 25%.2travel showed its resilience when relief arrived in the form of vaccines. This third chart is a more detailed breakdown of the 2014 numbers, with the gdp contribution of travel touching $8 trillion in 2015 and rising.