Global Travel Management Services - Procurement Market Intelligence Report 2016-2020

About Travel Management Services

The travel management sector is poised for rapid growth over the next 4–5 years due to positive trends in global macroeconomic factors and growing business activities across emerging markets such as India. Despite the sluggishness of the economy in China, it is expected to become the top destination for travelers by 2018. The market is being driven by TMCs that are offering sustainable travel options and one-stop solutions to reduce the dependence of buyers on multiple stakeholders for various needs (such as visa processing, local transport, and destination management). Buyers have control over subcontracting services that are not a part of suppliers’ service portfolios. Buyers evaluate capabilities of subcontractors and define service expectations during the contract phase.
Technavio’s procurement specialist forecast the travel management services market to grow at a CAGR of 7.3% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the travel management services market for 2016-2020. The report contains a comprehensive market and supplier landscape in addition to a SWOT analysis of the key suppliers.

The market is divided into the following segments based on geography:
• Americas
• Europe
• APAC
• Middle East and Africa

Technavio's report, Global Travel Management Services 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key suppliers operating in this market.

Key suppliers
• Carlson Wagonlit Travel
• BCD Travel
• American Express Global Business Travel
• Priceline
• Expedia

Market driver
• Technological developments
• For a full, detailed list, view our report

Market challenge
• Adoption of virtual meetings
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key suppliers in this market space?
• What are the market opportunities and threats faced by the key suppliers?
• What are the strengths and weaknesses of the key suppliers?

You can request one free hour of our procurement specialist’s time when you purchase this market report. Details are provided within the report.