The Europe business travel market size reached USD 245.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 341.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.57% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 245.2 Billion |
Market Forecast in 2033
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USD 341.7 Billion |
Market Growth Rate 2025-2033 | 3.57% |
Business travel refers to a journey that is undertaken for work. It is paid for by the companies and organizations and is set up either by in-house travel departments or external service providers. It includes various services, such as source and procurement, planning and booking, account management, and measuring and reporting. Business travel also offers the opportunity of generating mass saving through the process of negotiated discounts.
The Europe business travel market is primarily driven by the improving economic conditions in the region, which is increasing the demand for domestic and international business travel. With the demand exceeding the supply and consolidation reducing competitive pressure, short-haul prices are witnessing significant increases, while the much smaller long-haul sector is experiencing moderate price gains. Besides this, with the expanding European travel network, travelers are shifting their focus from product improvement to enhancing the customer experience. Furthermore, globalization has increased business activities in industries like healthcare and pharmaceuticals and manufacturing, which is resulting in the rapid rise of inter-regional operations.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe business travel market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.
Breakup by Type:
Breakup by Purpose Type:
Breakup by Expenditure:
Breakup by Age Group:
Breakup by Service Type:
Breakup by Travel Type:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Purpose Type, Expenditure, Age Group, Service Type, Travel Type, End User, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe business travel market was valued at USD 245.2 Billion in 2024.
We expect the Europe business travel market to exhibit a CAGR of 3.57% during 2025-2033.
The rising popularity of business travel for client meetings, brand and product promotions, employee training and incentives, etc., is primarily driving the Europe business travel market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the Europe market for business travel.
Based on the type, the Europe business travel market can be segregated into managed business travel and unmanaged business travel, where unmanaged business travel exhibits clear dominance in the market.
Based on the purpose type, the Europe business travel market has been divided into marketing, internal meetings, trade shows, product launch, and others. Currently, marketing holds the total market share.
Based on the expenditure, the Europe business travel market can be categorized into travel fare, lodging, dining, and others. Among these, travel fare currently accounts for the majority of the total market share.
Based on the age group, the Europe business travel market has been segmented into travelers below 40 years and travelers above 40 years. Currently, travelers below 40 years exhibit a clear dominance in the market.
Based on the service type, the Europe business travel market can be bifurcated into transportation, food and lodging, recreational activities, and others. Among these, food and lodging currently holds the largest market share.
Based on the travel type, the Europe business travel market has been segregated into group travel and solo travel. Currently, group travel exhibits a clear dominance in the market.
Based on the end user, the Europe business travel market can be divided into government, corporate, and others. Among these, the corporate sector accounts for the majority of the total market share.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe business travel market.