Incentive Travel Market, By Product Type, By Industry, By End user, By Geography

Description

The global incentive travel market is estimated to be valued at USD 44.56 Bn in 2024 and is expected to reach USD 89.40 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	44.56 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	10.50%	2031 Value Projection:	89.40 Bn

Figure. Incentive Travel Market Share (%), By Region 2024

Incentive travel involves planning and organizing travel and activities for groups as a reward for performance or to motivate employees. Companies across various industries utilize incentive travel programs to recognize and reward employees, salespersons, and channel partners for achieving key performance targets. Factors such as growing demand for experiential and rewards-based travel among corporates and desire to enhance employee productivity and satisfaction are fueling the growth of the incentive travel market globally. However, the market was affected temporarily during the COVID-19 pandemic but has started recovering since 2022 as travel restrictions ease.

Market Dynamics:

The global incentive travel market growth is driven by growing focus of companies on employee engagement and motivation. Incentive travel programs help corporates in boosting employee morale, fostering team spirit, and enhancing their loyalty. Moreover, experiential travel has emerged as an effective way for companies to recognize top performers and encourage excellence. However, factors such as economic uncertainties affecting corporate budgets and the short-term negative impact of the COVID-19 pandemic on business travel present challenges for market players. The market has strong opportunities stemming from rising demand for customized incentive travel programs and blended virtual-physical experiences. Key players are focusing on developing innovative and hybrid offerings to attract clients from different industries.

Key Features of the Study:

This report provides in-depth analysis of the global incentive travel market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global incentive travel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel (CWT), FCM Travel Solutions, Maritz Travel Company, Conference Direct, Incentive Concepts, Ovation Travel Group, The Incentive Travel Council, Reed Exhibitions, HelmsBriscoe, Travel Leaders Group, TUI Group, Capita Symonds, and JTB Corporation

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global incentive travel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- International Incentive Travel
- Domestic Incentive Travel
By Industry Insights (Revenue, USD Bn, 2019 - 2031)
- Corporate
- Educational
- Government
- Non-Profit
- Others
By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Individual
- Corporate Institutions
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- American Express Global Business Travel
- BCD Travel
- Carlson Wagonlit Travel (CWT)
- FCM Travel Solutions
- Maritz Travel Company
- Conference Direct
- Incentive Concepts
- Ovation Travel Group
- The Incentive Travel Council
- Reed Exhibitions
- HelmsBriscoe
- Travel Leaders Group
- TUI Group
- Capita Symonds
- JTB Corporation

Product Code: CMI7501

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Incentive Travel Market, By Product Type
- Global Incentive Travel Market, By Industry
- Global Incentive Travel Market, By End User
- Global Incentive Travel Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Incentive Travel Market, By Product Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
International Incentive Travel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Domestic Incentive Travel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Incentive Travel Market, By Industry, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Corporate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Educational
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Non-Profit
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Incentive Travel Market, By End User, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Individual
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Corporate Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Incentive Travel Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Industry, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

American Express Global Business Travel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BCD Travel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Carlson Wagonlit Travel (CWT)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FCM Travel Solutions
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Maritz Travel Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Conference Direct
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Incentive Concepts
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ovation Travel Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
The Incentive Travel Council
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Reed Exhibitions
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
HelmsBriscoe
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Travel Leaders Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
TUI Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Capita Symonds
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
JTB Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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