Travel management service, or business management service, is refers to the enterprise with the help of professional travel management services team on travel activity for overall planning and comprehensive monitoring, optimizing travel management processes and policies, the overall procurement resources, thereby without affecting the business and travel experience under the premise of reduce travel cost and improve the efficiency of travel.As the second largest controllable cost of enterprises, travel expenses are necessary to be controlled.For the company to save a lot of travel budget.Travel management services can get the airline company, hotel agreement low price, for the target enterprise to provide diversity and security management.Assist enterprises to analyze travel behaviors based on facts, formulate reasonable travel policies, travel procedures and travel budgets, and implement them so as to provide effective support for business development.In contrast to standard travel agencies that only handle hotel and flight or ground travel reservations, travel management companies provide a comprehensive management service for companies, covering everything from planning to developing corporate travel policies.
This report contains market size and forecasts of Travel Management Services in Global, including the following market information:
Global Travel Management Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Travel Management Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Airline Travel Bookings Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Travel Management Services include Concur, Certify, Expensify, Chrome River Technologies, Infor, Travelport, Signal Tours, CT Business Travel and CTMS Travel Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Travel Management Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Travel Management Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Travel Management Services Market Segment Percentages, by Type, 2021 (%)
Airline Travel Bookings
Tour and Packaged Travel Bookings
Accommodation Bookings
Cruise Bookings
Car Rental
Business Performance Management and Financial Management
Hosting Service
Other
Global Travel Management Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Travel Management Services Market Segment Percentages, by Application, 2021 (%)
Personal
Group
Company
Government
Other
Global Travel Management Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Travel Management Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Travel Management Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Travel Management Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Concur
Certify
Expensify
Chrome River Technologies
Infor
Travelport
Signal Tours
CT Business Travel
CTMS Travel Group
Sure Corporate
Wexas Travel Management
Wings
SMT
Ctrip
TUI Group
Booking Holdings
Expedia Group
Elong
Qunar
Tuniu Corp
Appricity Corporation
Ariett
Basware
DATABASIC
8common
Fraedom
Oracle Corporation
NetSuite
Nexonia
Paychex
Dolphin Dynamics
Skyjunxion
Trippeo Technologies