PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182215
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182215
Global Incentive Travel Market Size study & Forecast, by Industry Type, by End User, by Source and Regional Analysis, 2022-2029
Global Incentive Travel Market is valued approximately USD 42 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.1% over the forecast period 2022-2029. Incentive Travel is a type of incentive scheme utilized by companies to rewards their employees. In addition, companies also offer incentive travel to their dealers, distributors, and partners among others. The companies offer different facilities under incentive travel such as hotel stays, planned fun activities, parties, and events etc. The increasing expansion of travel & tourism sector and in post covid era growing spending from corporates on employee benefits as well as strategic initiatives from leading market players would create lucrative growth prospectus for the market over the market period.
According to Statista - as of 2022, the global travel & tourism market is estimated at USD 716.80 billion, and the revenue is projected to witness an annual growth rate of 8.46% between 2022 and 2026, to reach to USD 992.10 billion by 2026. Also, rising industrialization in emerging markets and increasing penetration of online ticket booking platforms would create lucrative growth prospectus for the market over the forecast period. However, the lack of penetration from SMEs due to budget constraints impedes the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Incentive Travel Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to presence of leading market players as well as rising spending on employees benefits in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrialization as well as increasing penetration on line ticketing booking platforms in the region.
Major market players included in this report are:
360 Destination Group
Access Destination Services
Atpi Ltd.
Bcd Group
Bi Worldwide
Carlson Wagonlit Travel
Cievents
Conference Care Ltd.
Creative Group, Inc.
Csi Dmc
Recent Developments in the Market:
- In July 2022, Minnesota, USA based CWT, a business-to-business-for-employees (B2B4E) travel management platform, announced addition of car rental and train booking facilities to the mobile and web channels on its myCWT platform.
Global Incentive Travel Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Industry Type, End User, Source, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Industry Type
Healthcare
Banking and Finance
Manufacturing
IT
Retail
Hospitality
Others
By End User
Individuals
Corporate Institutions
Others
By Source
Domestic
International
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Incentive Travel Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Incentive Travel Market, by Industry Type, 2019-2029 (USD Billion)
- 1.2.3. Incentive Travel Market, by End User, 2019-2029 (USD Billion)
- 1.2.4. Incentive Travel Market, by Source, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Incentive Travel Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Incentive Travel Market Dynamics
- 3.1. Incentive Travel Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing expansion of travel & tourism sector.
- 3.1.1.2. Growing spending from corporates on employee benefits.
- 3.1.1.3. Strategic initiatives from leading market players.
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of penetration from SMEs due to budget constraints.
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising industrialization in emerging markets.
- 3.1.3.2. Increasing penetration of online ticket booking platforms.
- 3.1.1. Market Drivers
Chapter 4. Global Incentive Travel Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Incentive Travel Market, by Industry Type
- 6.1. Market Snapshot
- 6.2. Global Incentive Travel Market by Industry Type, Performance - Potential Analysis
- 6.3. Global Incentive Travel Market Estimates & Forecasts by Industry Type 2019-2029 (USD Billion)
- 6.4. Incentive Travel Market, Sub Segment Analysis
- 6.4.1. Healthcare
- 6.4.2. Banking and Finance
- 6.4.3. Manufacturing
- 6.4.4. IT
- 6.4.5. Retail
- 6.4.6. Hospitality
- 6.4.7. Others
Chapter 7. Global Incentive Travel Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Incentive Travel Market by End User, Performance - Potential Analysis
- 7.3. Global Incentive Travel Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 7.4. Incentive Travel Market, Sub Segment Analysis
- 7.4.1. Individuals
- 7.4.2. Corporate Institutions
- 7.4.3. Others
Chapter 8. Global Incentive Travel Market, by Source
- 8.1. Market Snapshot
- 8.2. Global Incentive Travel Market by Source, Performance - Potential Analysis
- 8.3. Global Incentive Travel Market Estimates & Forecasts by Source 2019-2029 (USD Billion)
- 8.4. Incentive Travel Market, Sub Segment Analysis
- 8.4.1. Domestic
- 8.4.2. International
Chapter 9. Global Incentive Travel Market, Regional Analysis
- 9.1. Incentive Travel Market, Regional Market Snapshot
- 9.2. North America Incentive Travel Market
- 9.2.1. U.S. Incentive Travel Market
- 9.2.1.1. Industry Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. End User breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Source breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Incentive Travel Market
- 9.2.1. U.S. Incentive Travel Market
- 9.3. Europe Incentive Travel Market Snapshot
- 9.3.1. U.K. Incentive Travel Market
- 9.3.2. Germany Incentive Travel Market
- 9.3.3. France Incentive Travel Market
- 9.3.4. Spain Incentive Travel Market
- 9.3.5. Italy Incentive Travel Market
- 9.3.6. Rest of Europe Incentive Travel Market
- 9.4. Asia-Pacific Incentive Travel Market Snapshot
- 9.4.1. China Incentive Travel Market
- 9.4.2. India Incentive Travel Market
- 9.4.3. Japan Incentive Travel Market
- 9.4.4. Australia Incentive Travel Market
- 9.4.5. South Korea Incentive Travel Market
- 9.4.6. Rest of Asia Pacific Incentive Travel Market
- 9.5. Latin America Incentive Travel Market Snapshot
- 9.5.1. Brazil Incentive Travel Market
- 9.5.2. Mexico Incentive Travel Market
- 9.6. Rest of The World Incentive Travel Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. 360 Destination Group
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Access Destination Services
- 10.2.3. Atpi Ltd.
- 10.2.4. Bcd Group
- 10.2.5. Bi Worldwide
- 10.2.6. Carlson Wagonlit Travel
- 10.2.7. Cievents
- 10.2.8. Conference Care Ltd.
- 10.2.9. Creative Group, Inc.
- 10.2.10. Csi Dmc
- 10.2.1. 360 Destination Group
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Incentive Travel Market, report scope
- TABLE 2. Global Incentive Travel Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Incentive Travel Market estimates & forecasts by Industry Type 2019-2029 (USD Billion)
- TABLE 4. Global Incentive Travel Market estimates & forecasts by End User 2019-2029 (USD Billion)
- TABLE 5. Global Incentive Travel Market estimates & forecasts by Source 2019-2029 (USD Billion)
- TABLE 6. Global Incentive Travel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Incentive Travel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Incentive Travel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Incentive Travel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Incentive Travel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Incentive Travel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Incentive Travel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Incentive Travel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Incentive Travel Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Incentive Travel Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Incentive Travel Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Incentive Travel Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Incentive Travel Market
- TABLE 71. List of primary sources, used in the study of global Incentive Travel Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Incentive Travel Market, research methodology
- FIG 2. Global Incentive Travel Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Incentive Travel Market, key trends 2021
- FIG 5. Global Incentive Travel Market, growth prospects 2022-2029
- FIG 6. Global Incentive Travel Market, porters 5 force model
- FIG 7. Global Incentive Travel Market, pest analysis
- FIG 8. Global Incentive Travel Market, value chain analysis
- FIG 9. Global Incentive Travel Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Incentive Travel Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Incentive Travel Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Incentive Travel Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Incentive Travel Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Incentive Travel Market, regional snapshot 2019 & 2029
- FIG 15. North America Incentive Travel Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Incentive Travel Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Incentive Travel Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Incentive Travel Market 2019 & 2029 (USD Billion)
- FIG 19. Global Incentive Travel Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
