£4.5bn
£XXX.Xm
10,591
710
£XXX.Xm
Corporate travel is closely tied to fluctuations in business confidence. Economic uncertainty, Brexit and the COVID-19 pandemic, which grinded the industry to a halt, significantly dented revenue for agencies in the five years through 2020-21 and it is still adapting to the new working trends and spending strategies of corporate companies post-pandemic in 2024-25. Demand for travel services has also faced recent hurdles of high prices for flights and hotels due to high inflation and companies trying to curb their carbon emissions. Video calls are now a cemented alternative to domestic and international business travel that saves time and money for companies.
Industry revenue has declined at a CAGR of 4.1 % over the past five years, to reach an estimated £4.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
TUI Travel Ltd | 774.0 | |
Flight Centre (UK) Ltd | 210.6 | |
CWT UK Group Ltd | 62.2 |
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Industry revenue is measured across several distinct product and services lines, including Overseas travel arrangements, Domestic travel arrangements and Overseas accommodation arrangements. Overseas travel arrangements is the largest segment of the Corporate Travel Services.
Domestic travel and accommodation have become the biggest money maker for agents
Operators in the Corporate Travel Services industry provide travel services for employers and employees who are travelling for business purposes.
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SIC 79.11 - Corporate Travel Services
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic accelerated shift to online meetings, hindering travel agencies. The global pandemic has driven a permanent change in business behaviour, pushing companies towar...
Learn about an industry's products and services, markets and trends in international trade.
Domestic travel has grown in importance. Since the COVID-19 pandemic, Zoom meetings, domestic travel and accommodation, arranged by agencies, has overtaken traditional intern...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
London is a prime hotspot for corporate travel agencies. Its position as the financial nucleus of the UK, accessible transportation to worldwide destinations, and easy coordi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Service quality sets agencies apart. Corporate travel agents can stand out from the rest of the pack by proving their worth with exceptional and adaptable customer service, m...
Learn about the performance of the top companies in the industry.
Economies of scale makes TUI the dominant industry company. As the biggest agency in the industry, TUI enjoys low-cost operations, which leads to competitive pricing and cust...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Package Travel and Linked Travel Arrangements Regulations 2018 protect travellers. These regulations ensure financial safeguards and help when there are disruptions, to prote...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is still recovering from pandemic devestation. A sluggish comeback of corporate travel following the outbreak of COVID-19 has left profit still recovering. High airlin...
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Corporate Travel Services industry in United Kingdom is £4.5bn in 2024.
There are 710 businesses in the Corporate Travel Services industry in United Kingdom, which has declined at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Corporate Travel Services industry in United Kingdom has been declining at a CAGR of 4.1 % between 2019 and 2024.
Over the next five years, the Corporate Travel Services industry in United Kingdom is expected to grow.
The biggest companies operating in the Corporate Travel Services market in United Kingdom are TUI Travel Ltd, Flight Centre (UK) Ltd and CWT UK Group Ltd
Overseas travel arrangements and Domestic travel arrangements are part of the Corporate Travel Services industry.
The company holding the most market share in United Kingdom is TUI Travel Ltd.
The level of competition is moderate and increasing in the Corporate Travel Services industry in United Kingdom.