United Kingdom Business Travel Market Size, Share, and COVID-19 Impact Analysis, By Purpose (Marketing, Internal Meetings, Trade Shows, Product Launch, Others), By Type (Group Travel, Solo Travel), By End User (Government, Corporate, and Others), and United Kingdom Business Travel Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom Business Travel Market Insights Forecasts to 2035

• The United Kingdom Business Travel Market Size was estimated at USD 63,404.45 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 10.07% from 2025 to 2035
• The United Kingdom Business Travel Market Size is Expected to Reach USD 182,205.87 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United Kingdom Business Travel Market Size is anticipated to reach USD 182,205.87 Million by 2035, growing at a CAGR of 10.07% from 2025 to 2035. The rapid globalization of business, the development of travel and tourism, and a growing percentage of younger professionals who join business and leisure travel have all contributed to the necessity of business trip connectivity across industries.

Market Overview

The United Kingdom business travel market refers to the marketplace focused on a trips taken for work-related or business-related reasons is referred to as business travel. Usually, the employer covers the cost through internal travel departments or outside service providers. There are several different parts to business travel, including sourcing and procurement, booking and planning, account management, and measurement and reporting. Business travel has become more popular in the UK due to its development in every sector, and centres of attraction across the European business industry. Further, over the years and sports events and the sporting industry which taken the tourism industry to a high level and a profitable revenue share. Especially, football culture contributed to this sector with crazy support from club fans. For instance, some club collaboration for a business purpose trip fuels the market growth, like in July 2021, Luton Town FC announced a three-year partnership with Corporate Travel Management (CTM) as its official team travel partner. CTM, a global leader in business and sports travel management, provided team and supporter travel services for Luton Town, ensuring smooth logistics for away matches. The partnership also saw CTM’s specialist sports travel services promoted across the club’s channels, offering enhanced travel packages for fans.

Report Coverage

This research report categorizes the market for the United Kingdom business travel market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom business travel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom business travel market.

Driving Factors

The market for United Kingdom business travel is primarily influenced by the country's rising tourism sector due to its scenic landscape and several tourism spots. Furthermore, the country is surrounded by a substantial coastline, which might be encouraged for marine tourism for businessman and their organization to spend time with leisure activities on the coastline. The technical and technological upgradation could uplift the market growth at a rapid pace. Furthermore, business travel management has become more convenient and easier with the introduction of virtual and augmented reality technology into the travel sector, and this makes it more proficient and extends the new growth opportunities. Moreover, the increase in the number of corporate events in both developed and developing regions across the country for a variety of purposes, including announcing product launches, communicating the organization's strategy, inspiring, and rewarding employees, bolstered the market growth.

Restraining Factors

The market growth might be hampered by the growing political diversification among the country's regulatory organizations. The unpredictable situations, such as riots, criminal incidents across the country with geopolitical uncertainty, trade conflicts, cyberattacks, pandemics, and other factors, are the variables that might slow down or hinder the market expansion. Further, rising wars and conflicts negatively impact international travel and impede market growth.

Market Segmentation

The United Kingdom business travel market share is classified into purpose, type, and end user.

• The product launch segment held the highest share in 2024 and is anticipated to grow at a substantial CAGR over the forecast period.

The United Kingdom business travel market is divided by purpose into marketing, internal meetings, trade shows, product launch, and others. Among these, the product launch segment held the highest share in 2024 and is anticipated to grow at a substantial CAGR over the forecast period. The segment growth is driven by offering new goods or services and targeting new consumers as part of business travel by performing a vital component of marketing strategy. At last, this helps the recently introduced items succeed and gain market share by establishing credibility and differentiating them in competitive markets.

• The solo travel segment held a significant share in 2024 and is expected to grow at a rapid pace during the forecast period.

The United Kingdom business travel market is segmented by type into group travel, and solo travel. Among these, the solo travel segment held a significant share in 2024 and is expected to grow at a rapid pace during the forecast period. This is because of the rising popularity of the entrepreneur's role across the business sector. Moreover, handling a variety of responsibilities such as attending conferences and client meetings without the company of coworkers. Employees must effectively manage their schedules, lodgings, and relationships while representing the interests of their organization, which presents a unique opportunity for personal growth, networking, and adaptability.

• The government segment accounted for a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period.

The United Kingdom business travel market is classified by end user into government, corporate, and others. Among these, the government segment accounted for a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period. This segment growth contributed to the market expansion by establishing diplomatic ties, furthering national interests, fostering international collaboration, and tackling national and international issues. In addition, government officials may fly overseas for official visits, training, or study to broaden their expertise and expertise in particular fields related to their positions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom business travel market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• FCM Travel
• Althams Travel Services
• Applehouse Travel
• Brunlea & Dalescrest Travel
• Hays Travel
• Others

Recent Developments:

• In January 2025, UK-based ATPI Group announced a strategic partnership with Saudi Arabian corporate travel agency Arjaa Travel to expand its presence in the Middle East. Arjaa Travel, part of the Almajdouie Group, specializes in sectors like energy, marine, mining, corporate, sports, and events.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom business travel market based on the below-mentioned segments:

United Kingdom Business Travel Market, By Purpose

• Marketing
• Internal Meetings
• Trade Shows
• Product Launch
• Others

United Kingdom Business Travel Market, By Type

• Group Travel
• Solo Travel

United Kingdom Business Travel Market, By End User

• Government
• Corporate
• Others