The business travel market is predicted to reach $2095.4 billion by 2031, rising at a CAGR of 9.5 per cent from 2022 to 2031, according to a new study from Allied Market Research titled, Business Travel Market. “The growing popularity of leisure incorporating business with recreational or leisure activities to relieve stress and enhance work-efficiency is propelling the global business travel market. The development and growth of various online travel agencies such as booking.com, KAYAK and Expedia, are contributing toward the growth of the global business travel market. Moreover, the growth of the global business travel market is driven by the expansion of the travel and tourism industry, surge in government initiatives for the development of M!CE segment and SME sector and increase in globalization of business.
