Over the past five years, the Corporate Travel Services industry has been marked by significant revenue volatility. Starting from a low base due to the global financial crisis, revenue stuttered in 2010-11 before beginning a solid recovery as business confidence returned. Over the five years through 2014-15, industry revenue is forecast to rise marginally by an annualised 0.2% to total $883.7 million. However, in 2014-15, revenue is forecast to decline by 2.0%. Structural and business-related changes have provided a challenge for industry players. Upstream markets have begun competing with corporate travel service providers through increased distribution and easier access.
Companies in this industry cater for corporate clients travelling for business purposes. These agencies package accommodation, transport and leisure services for corporate clients, and work for commission.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.