MICE, Travel & Hospitality Indirect · Indirect
Monitoring · monthlyProcurement Category Intelligence
Corporate Travel Management - TMC
Overview
Market size
$15.0B
global, USD
CAGR
5.6%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
3
tracked players
Signals
12
5 high severity
Market outlook
2031$19.7B
What changed
Demand by region
North America demand38%
Europe demand30%
Asia Pacific demand22%
Latin America demand6%
Rest of world demand4%
share of global demandtotal 100%
Cost drivers
Labor and specialist travel agents45%
GDS and technology infrastructure fees25%
Data security and software licensing15%
Overheads and administrative costs10%
Marketing and client acquisition5%
share of delivered cost (analyst estimate)