Corporate travel set to drive growth for majors amid global flux
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Corporate travel is poised for growth as companies focus on travel optimization amid rising costs due to global factors. The Indian corporate travel market, accounting for nearly 30% of the travel industry, is projected to grow from $44.61 billion in 2025 to $81.54 billion by 2034, with a CAGR of 6.93%. Companies are adopting technology-driven solutions to enhance travel efficiency and employee experience. MakeMyTrip reported over $1 billion in gross bookings for corporate platforms, highlighting the segment's potential. Despite global challenges, corporate earnings remain strong, indicating a positive correlation between business performance and travel demand.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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