In particular, a boom in the food and lodging segment contributed about half of the market share in 2017, owing to the increasing involvement of accommodation booking services such as Airbnb. According to the report, this segment is expected to see the fastest growth rate at 4.7 per cent. The corporate industry segment garnered the largest market share in 2017, contributing about 64.61 per cent of the total revenue. It will also register a growth rate of 4.7 per cent due to an increase in activities such as client meetings, as well as brand and product promotions. The Asia Pacific region is predicted to govern the market through 2023, with Allied Market Research projecting it will contribute 42 per cent of revenue. The region could see a growth rate of 5.5 per cent owing to strong economic growth, which creates opportunities for investors. Get the full story at Buying Business Travel