Accommodation, Hospitality & Personal Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Corporate Travel Services
Overview
Market size
$1,650
global, USD
CAGR
6.5%
base to forecast
Buyer power
-1.5
supplier-favoured
Suppliers
5
tracked players
Signals
12
2 high severity
Market outlook
2031$2261
What changed
Demand by region
North America demand38%
Europe demand30%
Asia Pacific demand22%
Latin America demand5%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Labor and Agent Operations45%
IT, Software, and AI Architecture Integration25%
GDS Fees and Booking Technology Platforms15%
Overhead, Marketing, and Administrative Costs15%
share of delivered cost (analyst estimate)