Corporate Travel Services in Australia - Market Research Report

Corporate Travel Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.6%

Revenue growth for the Corporate Travel Services industry has been strong over the past five years. An upward trend in domestic business tourist nights and steady growth in government spending have driven the industry's performance over the period. Despite some volatility, overall positive business confidence over the past five years has also aided the industry's expansion. However, operators have faced challenges arising from structural and technological changes. Industry revenue is expected to rise at an annualised 3.6% over the five years through 2018-19, to $1.4 billion. This includes anticipated growth of 3.5% in the current year, due to a rise in business tourist nights. The proliferation of technology, particularly online sales platforms, has...
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Corporate Travel Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The outlook for the Corporate Travel Services industry is positive. Solid growth in the number of business tourist nights and rising government expenditure are forecast to support the industry over the next five years. Strong business confidence is also projected to boost demand for corporate travel services. The industry will be subject to ongoing structural change, which is likely to intensify competition and limit the pace of expansion. In an effort to maintain profit margins, industry players are likely to focus on new distribution models and reducing costs through expanding their online operations and process automation. However, the industry will continue to be exposed to greater competition from upstream tourist service providers, such as airl...
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Corporate Travel Services industry statistics

  • attach_money Market Size: $1bn
  • business Number of Businesses: 1,373
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 4,926

Biggest companies in the Corporate Travel Services industry

The companies holding the largest market share in the Corporate Travel Services in Australia industry include Flight Centre Travel Group Limited and Corporate Travel Management Limited.

  • pie_chart Flight Centre Travel Group Limited Market Share: x.x%
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  • pie_chart Corporate Travel Management Limited Market Share: x.x%
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What is Corporate Travel Services industry?

Industry Definition

Industry firms cater for business and government clients travelling for business purposes. These agencies package accommodation, transport and leisure services for corporate clients, and work for commission.

Industry Products and Services

  • Airline bookings
  • Other transport bookings
  • Accommodation bookings
  • Other services
  • All Others

Industry Activities

  • Booking service provision
  • Ticket selling
  • Travel agency operation

Market research report - table of contents

Industry Definition

Industry firms cater for business and government clients travelling for business purposes. These agencies package accommodation, transport and leisure services for corporate clients, and work for commission.

Main Activities

  • Booking service provision
  • Ticket selling
  • Travel agency operation

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Business tourist nights represent the nights spent by Australians travelling domestically for business, and those spent by international travellers stayin...
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Business tourist visitor nights
Business confidence index
Government consumption expenditure
Trade-weighted index

Current Performance

Industry change and competition
Profitability
 Chart: Revenue Growth

Industry Outlook

Profitability
 Table: Corporate Travel Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Corporate Travel Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Professional, Scientific and Technical Services






Key Selling Industries

International Airlines in Australia
Domestic Airlines in Australia
Hotels and Resorts in Australia
Motels in Australia
Scenic and Sightseeing Transport in Australia


Products & Services

Services offered by the Corporate Travel Services industry can be broken down into airline bookings, accommodation bookings, other transport bookings and ...
Outbound international business travellers
Inbound international business travellers




Demand Determinants

Demand for industry services has changed dramatically over the past five years. Demand is reliant on business and government spending, and has been influe...
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Major Markets

Outbound international business travellers
Inbound international business travellers





 Chart: Major Market Segmentation for the Corporate Travel Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Corporate Travel Services industry exhibits a moderate level of market share concentration. The industry’s four largest players are expected to accoun...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Corporate Travel Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Corporate Travel Services in Australia - Market Research Report Industry

Industry Globalization

Flight Centre Travel Group Limited is an Australian-owned publicly listed company that operates numerous travel agency brands. The firm is the largest Aus...
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Flight Centre

 Table: Flight Centre - financial performance

Corporate Travel Management

 Table: Corporate Travel Management - financial performance

Capital Intensity

The Corporate Travel Services industry is characterised by a low level of capital intensity. Industry operators are estimated to allocate $8.61 on wages f...
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 Chart: Level of Capital Intensity for the Corporate Travel Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Corporate Travel Services in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

REVENUE

SUPPLIERS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Corporate Travel Services industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
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This report on Corporate Travel Services in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Corporate Travel Services in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corporate Travel Services in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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