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B2B Travel Market Share

Report ID: GMI10314
Published Date: Jul 2024
Report Format: PDF

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B2B Travel Market Share

Carlson Wagonlit Travel (CWT), BCD Travel, and American Express Global Business Travel (GBT) dominate the market with around 10.6% of the market share. American Express Global Business Travel (GBT) is a leading player in the B2B travel market. It offers a comprehensive suite of travel, expense, and meeting & event management solutions. They cater to businesses of all sizes and leverage their vast network and partnerships to secure competitive rates for flights, hotels, and car rentals. The company’s platform streamlines booking processes, manages travel expenses, and provides real-time travel updates. Additionally, they offer consulting services to help companies optimize their travel programs and ensure duty of care compliance.

BCD Travel offers corporate travel booking, expense management, and meeting & event solutions. The company has a strong global presence with a focus on serving mid-sized companies. They are known for their innovative technology solutions, including an AI-powered chatbot that assists travelers with booking and itinerary management. Additionally, the company emphasizes sustainability initiatives and offers programs to help companies reduce their travel footprint.

Carlson Wagonlit Travel (CWT), recently acquired by American Express Global Business Travel, was a well-established provider of corporate travel management services. They offer a wide range of solutions for businesses, including travel booking tools, expense management systems, and visa application support. The company’s expertise and client base contribute significantly to the merged entity's position in the market.

B2B Travel Market Companies

Major players operating in the B2B travel industry are:

Carlson Wagonlit Travel (CWT)
BCD Travel
American Express Global Business Travel (GBT)
Sabre Corporation
Flight Centre Travel Group
AMEX GBT Egencia
CTM (Corporate Travel Management)
ATPI
Frosch
Altour

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of B2B travel reached USD 30.7 billion in 2023 and is set to register a CAGR of over 10.6% between 2024 and 2032, owing to the increased reliance of companies on B2B travel services for efficient travel management such as itinerary planning, expense management, and compliance with travel policies.

The B2B travel industry share from large enterprises is expected to be worth over USD 47.9 billion by 2032, as these enterprises often have a global footprint, requiring frequent international travel for meetings, conferences, and overseeing operations.

North America captured approximately 37% of the market share in 2023, due to the strong economic performance fueling business activities and corporate travel in the region, alongside early adoption of advanced travel management technologies, such as AI, machine learning, and data analytics, to optimize travel plans and enhance efficiency.

Carlson Wagonlit Travel (CWT), BCD Travel, American Express Global Business Travel (GBT), Sabre Corporation, Flight Centre Travel Group, AMEX GBT Egencia, CTM (Corporate Travel Management), ATPI, Frosch, and Altour among others.