BUSINESS TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has dominated the business tourism market for decades with estimated 38.9% share in 2024. The U.S. alone accounts for a massive portion of the overall market. This is largely due to the prominent presence of American multinationals and large corporations across all major industries. Many of these companies routinely conduct international conferences, trade shows, board meetings, and other business events that require travel. American cities like New York, Los Angeles, Chicago, and Las Vegas have become hubs for both domestic and international business travel. The infrastructure and accommodation capacity in these cities easily support large business events and conventions throughout the year.

Asia Pacific is currently the fastest growing regional market for business tourism. Countries like China, India, and Indonesia have seen explosive economic growth in recent decades which has fueled demand. As their local companies expand globally and multinationals increasingly tap into domestic opportunities, inter- and intra-regional business travel has significantly increased. Cities such as Shanghai, Beijing, Singapore, Mumbai, and Jakarta now regularly host major industry expos and leadership summits that bring huge delegations.