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Russell 2000, bitcoin usd, cmc crypto 200, top 20 most valuable travel companies in the world.

In this article, we will discuss the top 20 most valuable travel companies in the world. You can skip our detailed analysis of the global leisure travel market, and go directly to see the Top 5 Most Valuable Travel Companies in the World .

After being severely impacted by the COVID-19 pandemic, global travel and tourism continued its recovery in 2023. The United Nations World Tourism Organization (UNWTO) most recent statistics show that between January and September 2023, approximately 975 million international tourists traveled. Compared to the same period in 2022, this is a noteworthy 38% growth. Additionally, during this time, worldwide tourism recovered to 87% of pre-pandemic levels.

Meanwhile, according to a report by the Brainy Insights the global leisure travel market was valued at $1.2 trillion in 2022. The market is anticipated to expand at a compound annual growth rate (CAGR) of 21.8% from 2023 to 2032, reaching a value of $8.6 trillion at the conclusion of the predicted period. The main drivers of this expansion are the growing number of tourists travelling abroad and the rising standards of living of the general public. The rapid integration of big data analytics, the Internet of Things, and artificial intelligence in travel and tourism is another factor driving the sector. However, the report points out that the leisure travel market can be significantly impacted by geopolitical unrest.

In terms of market share by age group segment in 2022, the 22–31 years segment was in the lead with a share of almost 32%. The report also mentions that, with a 38.7% market revenue share in 2022, Asia Pacific emerged as the largest global leisure travel market. The expansion of the market is anticipated to be driven by the increasing disposable income in the region, particularly in China and India.

Building up on this, according to a global survey by Hilton and Ipsos of over 10,000 travelers from nine countries, the number one reason to travel in 2024 for most of the respondents was to rest and recharge with an emphasis on sleep. The survey also found that 64% of global travelers intend to prioritize leisure travel in 2024 by cutting back on other personal expenses.

On the other hand, travelers are focusing primarily on dining experiences while they budget for 2024, per Hilton. Exploration and adventure ranked second in importance among travelers (47%) after dining experiences, with Millennials and Gen Zers devoting a bigger percentage of their budget than other generations for these experiences.

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The survey further revealed that an astounding 80% of global travelers think it's essential to be able to plan their entire trip online, with 76% appreciating travel apps that reduce the friction and stress of travel. Additionally, it also highlighted that there has been a significant shift in the way individuals do business since the pandemic. Consequently, new trends like blended leisure have emerged, and over one-third of Gen Z and Millennial business travelers plan to extend their trips in order to take advantage of free time before or after work.

Having said that, today we will be taking at a look the top most valuable travel companies in the world which include Booking Holdings Inc. (NASDAQ: BKNG ), Airbnb, Inc. (NASDAQ: ABNB ), and Marriott International, Inc. (NASDAQ: MAR ) among others.

Our Methodology

For the purpose of this article, we started by compiling a thorough list of all travel companies in the world which come from a variety of sectors, including airlines, hotels, cruises, resorts & casinos and online travel agencies. We then narrowed it down to only include companies with a significant market share and geographical reach. This was achieved by carrying out an extensive analysis of numerous industry papers, financial reports, journals, and news articles.

Top 20 most valuable travel companies in the world have been ranked in ascending order of their market capitalization based on data from Yahoo Finance as of February 21, 2024.

Please note that companies like The Walt Disney Company (NYSE:DIS) have not been included because of their engagement in various industries.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years ( see the details here ). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

20. MGM Resorts International (NYSE: MGM )

Market Capitalization: $13.83 billion

MGM Resorts International (NYSE:MGM), founded in 1986 and headquartered in Las Vegas, Nevada, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. On February 13, MGM Resorts International (NYSE:MGM) reported a Q4 non-GAAP EPS of $1.06 and a revenue of $4.38 billion, outperforming Wall Street estimates by $0.35 and $240 million, respectively.

Moreover, with a market capitalization of $13.83 billion as of February 21, it ranks among the most valuable travel companies in the world on our list.

19. United Airlines Holdings, Inc. (NASDAQ: UAL )

Market Capitalization: $14.25 billion

United Airlines Holdings, Inc. (NASDAQ:UAL), based in Chicago, Illinois, provides air transportation services to more than 210 destinations in the U.S. and more than 120 destinations internationally.

As of the end of Q4 2023, 43 hedge funds in Insider Monkey’s database owned stakes in United Airlines Holdings, Inc. (NASDAQ:UAL), compared with 34 in the previous quarter. The consolidated value of these stakes is more than $858 million.

18. InterGlobe Aviation Limited

Market Capitalization: $14.36 billion

InterGlobe Aviation Limited, among the top travel companies in the world on our list, is an India-based company that is engaged in the airline business. It has a market cap of $14.36 billion as of February 21.

17. Singapore Airlines Limited

Market Capitalization: $14.77 billion

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under airline brands such as Singapore Airlines and Scoot. The company has operations in Europe, the Americas, West Asia, Africa, North Asia, Southeast Asia, and Southwest Pacific.

16. Air China

Market Capitalization: $15.02 billion

Air China, the flag carrier of the People's Republic of China and one of the "Big Three" mainland Chinese airlines, was founded in 1988. It is also a member of the Star Alliance, the biggest alliance of airlines in the world. The company had a total of 902 aircrafts as of June 30, 2023.

As of February 21, it has a market cap of $15.02 billion and is one of the most valuable travel companies in the world.

15. InterContinental Hotels Group PLC (NYSE: IHG )

Market Capitalization: $17.53 billion

InterContinental Hotels Group PLC (NYSE:IHG), with operations in the Americas, Europe, Asia, the Middle East, Africa, and Greater China, owns, manages, leases, and franchises hotels and resorts. Based in the United Kingdom, the company operates hotels under various brand names such as Six Senses, Regent, InterContinental, Vignette Collection, Kimpton, Hotel Indigo, Voco, HUALUXE, Crowne Plaza, Iberostar, EVEN Hotels, Garner, Holiday Inn, Holiday Inn Express, Holiday Inn Resort, avid, Atwell suites, Staybridge Suites and Candlewood Suites.

14. Expedia Group, Inc. (NASDAQ: EXPE )

Market Capitalization: $18.53 billion

Expedia Group, Inc. (NASDAQ:EXPE), founded in 1996, is a travel technology company. The company generated $2.89 billion in revenues in the fourth quarter of 2023, which beat analysts’ estimates by $10 million.

13. Carnival Corporation & plc (NYSE: CCL )

Market Capitalization: $19.28 billion

Based in Miami, Florida, Carnival Corporation & plc (NYSE:CCL) is a multinational cruise company that operates a fleet of cruise ships and offers various vacation and travel experiences to passengers. As of February 21, it has a market cap of $19.28 billion and is one of the top travel companies in the world .

Moreover, hedge funds like the company. The number of hedge funds tracked by Insider Monkey owning stakes in Carnival Corporation & plc (NYSE:CCL) grew to 41 in Q4 2023, from 33 in the previous quarter. These stakes have a total value of more than $1.48 billion.

12. Southwest Airlines Co. (NYSE: LUV )

Market Capitalization: $20.20 billion

Founded in 1967, Southwest Airlines Co. (NYSE:LUV) is a passenger airline company offering scheduled air transportation services within the United States and in nearby international regions. The company declared a quarterly dividend of $0.18 per share on January 31, which was consistent with its previous dividend.

11. Galaxy Entertainment Group

Market Capitalization: $25.22 billion

Galaxy Entertainment Group, incorporated in 1987 and based in Hong Kong, is an investment holding company, which engages in the management of casino games and provision of hospitality and related services. It has a market cap of $25.22 billion as of February 21.

10. Delta Air Lines, Inc. (NYSE: DAL )

Market Capitalization: $26.11 billion

Delta Air Lines, Inc. (NYSE:DAL), based in Atlanta, Georgia, offers more than 4,000 flights per day between more than 275 destinations on six continents. It is one of the biggest travel companies in the world .

The company generated $14.22 billion in revenues in the fourth quarter of 2023, which beat analysts’ estimates by $420 million.

Insider Monkey’s database of Q4 2023 indicated that 53 hedge funds owned stakes in Delta Air Lines, Inc. (NYSE:DAL), which remained the same as in the previous quarter. The total value of these stakes is over $1.56 billion.

9. Trip.com Group Limited (NASDAQ: TCOM )

Market Capitalization: $27.03 billion

Trip.com Group Limited (NASDAQ:TCOM), with over 45,100 employees and over 400 million members, is a travel service provider offering accommodation reservations, transportation ticketing, package tours, and corporate travel management. It was founded in 1999 and is headquartered in Shanghai, China. The stock has returned 15.08% to investors on a year-to-date basis as of February 21.

In addition, Trip.com Group Limited (NASDAQ:TCOM) ranks among the largest travel companies in the world on our list.

8. Royal Caribbean Cruises Ltd. (NYSE: RCL )

Market Capitalization: $29.52 billion

Royal Caribbean Cruises Ltd. (NYSE:RCL), based in Miami, Florida, is a cruise operator that operates three famous cruise brands, Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As of February 21, it boasts a market capitalization of $29.52 billion.

As per Insider Monkey’s database of Q4 2023, 54 hedge funds held stakes in Royal Caribbean Cruises Ltd. (NYSE:RCL), up from 41 in the previous quarter. These stakes have a collective value of approximately $2.4 billion.

7. Ryanair Holdings plc (NASDAQ: RYAAY )

Market Capitalization: $31.54 billion

Ryanair Holdings plc (NASDAQ:RYAAY), parent company of Ryanair, Ryanair UK, Buzz, Lauda and Malta Air, is an Irish company that provides airline services. It connects over 240 destinations in over 40 countries. With a market capitalization of $31.54 billion as of February 21, it is among the top 10 most valuable travel companies in the world on our list.

In its fourth quarter 2023 investor letter, Oakmark International Fund stated the following regarding Ryanair Holdings plc (NASDAQ:RYAAY):

“Ryanair Holdings plc (NASDAQ:RYAAY) (Ireland), a European ultra-low-cost airline, was the top contributor to the Fund’s performance this quarter. Ryanair released strong results for the first half of fiscal-year 2024 and was accompanied by an even stronger outlook, in our view. The company’s revenue grew 30% year over year, and average fares increased by 24% to EUR 58, driven by record demand and constrained capacity at European peers. Total passengers flown expanded 11% year over year to 105.4 million, and management is on track to maintain its target of 183.5 million passengers for 2024, depending on Boeing’s ability to meet its delivery commitments. Management is expecting full-year 2024 net income to be between EUR 1.85-2.05 billion ahead of the EUR 1.82 billion consensus estimate. The company’s strong free cash flow levels and balance sheet allowed Ryanair to reinstate a EUR 400 million dividend (35 cents per share). We spoke with CEO Michael O’Leary about additional uses for its excess capital and were happy to hear about an incremental EUR 1.5 billion return to shareholders starting in 2025. We continue to be optimistic about Ryanair’s future.”

6. Las Vegas Sands Corp. (NYSE: LVS )

Market Capitalization: $39.98 billion

Founded in 1988, Las Vegas Sands Corp. (NYSE:LVS) owns, develops, and operates various integrated resort properties primarily in the United States, Macau, and Singapore.

Hedge funds like the company. Insider Monkey’s database of Q4 2023 indicated that 48 hedge funds owned stakes in Las Vegas Sands Corp. (NYSE:LVS), compared with 45 in the preceding quarter. The consolidated value of these stakes is nearly $2.5 billion.

Click to continue reading and see Top 5 Most Valuable Travel Companies in the World .

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Disclosure: None. Top 20 Most Valuable Travel Companies in the World  is published on Insider Monkey.

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Top 10 Travel Companies in the World by Sales in 2020, Travel Industry Factsheet

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The Current State of the Travel Industry

As economic prosperity rises all over the world, the top 10 travel companies in the world are contributing to stellar growth and driving critical innovation by leveraging technology in a modern travel industry.

How big is the travel industry?  As the economy for travel and tourism becomes more lucrative for a global audience, the travel industry grows as well. The global travel industry has grown from USD 6.03 trillion in 2006 to USD 8.27 trillion by 2017, growing at a CAGR of 2.9% — making the travel and tourism industry one of the world’s largest industries in the world in terms of global economic contribution (direct, indirect and induced).

  • Discover who are the top 10 travel companies in the world by sales in 2020?
  • A complete ranking and breakdown of 20 of the top travel companies in the global travel industry right now.
  • Travel and tourism industry trends and stats you should know.

BizVibe is already helping the top travel companies in the world connect. Connect and track the latest news and insights from these companies.

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Travel Industry Trends and Stats

  • Convenient booking remains the biggest trend in the global travel industry.
  • Solo Travel: Leisure travel is no longer just a family affair.
  • The travel and tourism industry generated 10.4 percent of all global economic activity last year.
  • The travel industry is the second-fastest-growing sector in the world, ahead of healthcare (+3.1%), information technology (+1.7%) and financial services (+1.7%), and behind only manufacturing.
  • Last year, travel and tourism increased its share of leisure spending to 78.5 percent.
  • Three in five travel companies say they offer customer service via chat.

Top 10 Travel Companies in the World by Sales in 2020

Who are the top 10 travel companies in the world by sales as of 2020? The following is a list of largest adventure travel companies and top travel agencies ranked by sales generated in USD billion.

Top Travel Companies in the World

1.    Expedia Group

What is the best travel agency? That’s a hard and subjective question to answer, but if you were to go by the best travel agency in the world in terms of sales, then your answer is Expedia Group. Expedia Group is an American online travel shopping company for consumer and small business travel. The company is mainly known for its travel fare aggregator websites where you can drop in and book all your travel needs from flights, car rentals, and even hotels. Expedia is also a metasearch engine to search up and plan your entire travel plans.

Expedia is a travel technology company that brought in sales of USD 99 billion last — making it the leaders in sales among the top 10 travel companies in the world on this list. In addition to the main expedia.com website, the company runs multiple websites from the best travel companies including Travelocity and trivago.

  • Founded: 1996
  • Expedia Group Headquarters: Bellevue, Washington, USA
  • Expedia Group Sales: USD 99 billion
  • Expedia Group Number of Employees: 24,000

Expedia Group Products and Services

  • Classic Vacations
  • Expedia CruiseShipCenters
  • Expedia Local Expert
  • Expedia Partner Solutions
  • Hotwire Group
  • Travelocity

2.    Booking Holdings

Number 2 on this list of the top 10 travel companies in the world is the American company Booking Holdings Inc. The company is known for operating travel fare aggregator websites and travel and tourism search engines such as its flagship booking.com, as well as Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. Booking Holdings generated sales of USD 92.7 billion last year, with nearly 90% of its profits coming from booking.com and outside the USA. Book Holdings is truly a global travel company that is expected to continue generating stellar sales within the global market.

  • Booking Holdings Headquarters: Norwalk, Connecticut, USA
  • Booking Holdings Sales: USD 92.7 billion
  • Booking Holdings Number of Employees: 24,500

Booking Holdings Products and Services

               .

  • Cheapflights

3.    American Express Global Business Travel

American Express Global Business Travel (GBT) is 3 rd on this list of the top 10 travel companies in the world. GBT is a corporate management travel company operating under a 50% ownership stake from American Express. GBT is known as a business travel management company, major corporations use GBT’s services to manage corporate travel and meetings programs, providing services and support to business travelers.

Last year, GBT brought in sales of USD 33.7 billion — making it one of the top travel companies going by sales figures.

  • Founded: 2016
  • American Express Global Business Travel Headquarters: Jersey City, New Jersey, USA
  • American Express Global Business Travel Sales: USD 33.7 billion
  • American Express Global Business Travel Number of Employees: 17,400

4.    BCD Travel

BCD Travel ranks 4 th on BizVibe’s list of the best travel companies by sales figures in 2020. BCD Travel is a provider of global corporate travel management and the largest travel company in the Netherlands. Currently, the company operates in over 109 countries and last year generated USD 27.1 billion in sales. BCD Travel’s parent company is BCD Group, a privately held Dutch company focused on travel services and corporate travel management.

  • Founded: 2006
  • BCD Travel Headquarters: Utrecht, Netherlands
  • BCD Travel Sales: USD 27.1 billion
  • BCD Travel Number of Employees: 13,800

BCD Travel Products and Services

  • Travel management
  • Travel consulting, meetings and events

5.    CWT

Formerly known as Carlson Wagonlit Travel, CWT ranks 5 th on this list of the top 10 travel companies in the world by sales in 2020. CWT is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management. The company is known for running a top tier B2B travel management platform, offering business travel, technology, and meetings and events management across 145 countries.

Last year, CWT generated sales of USD 25 billion — making it one of the top travel companies in the world in terms of transactional sales.

  • Founded: 1994
  • CWT Headquarters: Minneapolis, Minnesota, USA
  • CWT Sales: USD 25 billion
  • CWT Number of Employees: 18,000

6.    Flight Centre Travel Group

6 th on BizVibe’s list of the top 10 travel companies in the world is Flight Centre, the largest retail travel agency in Australia.  Flight Centre is headquartered in Brisbane and was founded in 1982. Flight Centre operates over 2,800 stores and offices under various retail and corporate brands in n Australia, New Zealand, United States, Canada, United Kingdom, South Africa, Hong Kong, India, China, Singapore, United Arab Emirates, and Mexico.

Last year, Flight Centre generated USD 16 billion making it one of the top travel agencies in the world by sales numbers. 50% of the company’s sales come from leisure and 50% from business.

  • Founded: 1982
  • Flight Centre Headquarters: Brisbane, Queensland, Australia
  • Flight Centre Sales: USD 16 billion
  • Flight Centre Number of Employees: 20,600

7.    Travel Leaders Group

Ranking 7 th on BizVibe’s list of the top 10 travel companies in the world is the Travel Leaders Group, a multi-unit travel industry company headquartered in New York City that has more than 7,000 company-owned, franchised and affiliated travel agency locations in the United States, Canada, the United Kingdom, and Mexico. The company has more than 52,000 travel agents worldwide and last year generated sales of USD 7.12 billion — making it one of the best travel agencies around. USD 3.73 billion in sales come from 52,000 hosted agents.

  • Travel Leaders Group Headquarters: New York City, New York, USA
  • Travel Leaders Group Sales: USD 12 billion
  • Travel Leaders Group Number of Employees: 4,000

8.    American Express Travel

American Express Travel is a full-service global travel and lifestyle network and 8 th on this list of the top 10 travel companies in the world by sales. Last year the company generated sales of USD 6.27 billion. In March 2014, American Express announced that it signed an agreement to create a joint venture for business travel and spun off its corporate travel business like American Express Global Business Travel

  • Founded: 1915
  • American Express Travel Headquarters: New York City, New York, USA
  • American Express Travel Sales: USD 6.27 billion
  • American Express Travel Number of Employees: 5,000

9.    Direct Travel

Direct Travel is a leading travel management company, DT creates personalized solutions through an agile approach to corporate travel, meetings & events, and leisure. The company ranks 9 th on BizVibe’s list of the top 10 travel companies in the world due to its stellar sales figures — generating USD 5.4 billion in transactional sales last year.

DT sells directly to consumers for corporate travel, meetings and incentives, group travel, and leisure vacations., with 87% of its sales coming from its business segment; 8% from leisure, and 5% from all other avenues.

  • Founded: 1980
  • Direct Travel Headquarters: Centennial, Colorado, USA
  • Direct Travel Sales: USD 5.4 billion
  • Direct Travel Number of Employees: 2,000

10.  Corporate Travel Management

Rounding out BizVibe’s list of the top 10 travel companies in the world in 2020 is Corporate Travel Management, a global provider of innovative and cost-effective travel solutions spanning corporate, events, leisure, loyalty, and wholesale travel. CTM provides local service solutions to customers around the world, through a blend of CTM owned and operated offices and a network of independent partner agencies. Last year, CTM generated USD 5 billion in sales — making it one of the top travel companies in the world by sales numbers.

  • Corporate Travel Management Headquarters: Denver, Colorado, USA
  • Corporate Travel Management Sales: USD 5 billion
  • Corporate Travel Management Number of Employees: 725

This is BizVibe’s list of the top 10 travel companies in the world in 2020 by sales. These companies are changing the way businesses are pushing the boundaries in the global travel industry and are leveraging technology to push travel agencies and corporate travel management to new heights.

Reach out to the top travel companies on BizVibe today.

Top Travel Companies by Sales in 2020

The following is BizVibe’s complete ranking of the top travel companies in the world by sales figures in 2020.  This list of travel companies are paving the way for success in the travel industry, connect with them on the BizVibe platform to track the latest news and insights from these companies.

The Future of the Global Travel Industry

What’s the future of the global travel industry? As economic prosperity rises throughout the world, the travel industry will be flooded by people from all over the world, and businesses are going to be at the forefront of this growth pushing their services to meet demand. Expect the top 10 travel companies in the world to continues pushing the industry to new heights. The main thing to keep in mind going forward as more people travel from all over the world is that the future will be about more travelers and easier to reach places

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  • Travel Retail Market

"Assisting You in Establishing Data Driven Brands"

Travel Retail Market Size, Share & COVID-19 Impact Analysis, By Product Type (Cosmetic & Fragrances, Wines & Spirit, Confectionery & Fine Foods, Tobacco Products, Fashion & Accessories, and Others), Sector (Duty Free and Duty Paid), Sales Channel (Airport & Airline Shops, Seaport & Cruise line Shops, Border Downtown Hotel Shops, and Others) and Regional Forecasts, 2023-2030

Region : Global | Format: PDF | Report ID: FBI104620

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KEY MARKET INSIGHTS

The global travel retail market size was valued at USD 55.74 billion in 2022 and is projected to grow from USD 60.72 billion in 2023 to USD 117.18 billion by 2030, exhibiting a CAGR of 9.85% during the forecast period.  

A growing number of millennial and middle-income traveler groups are offering immense opportunities to grow international retailing businesses. Nowadays, retail businesses keep food stations, bookshops, bars, and conference spaces decorated to maintain their shops attractive. Additionally, they maintain high-quality merchandising displays to capture travelers' attention towards buying their products. In November 2021, Bentley Leathers Inc., a Canada-based travel accessories manufacturer, launched a travel-focused retail store concept targeting airports and other travel platforms to offer a wide range of travel items, including travel bags, luggage etc. The store was initially opened in Montreal-Pierre Elliot Trudeau International Airport and aimed to expand in Canada and beyond. In this respect, key retail store innovation concepts will increase the global travel retail market share in the forthcoming years.

LATEST TRENDS of TRAVEL RETAIL MARKET 

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Sustainable Duty-Free Shopping Trend  to Boost Market Development

Nowadays, travelers prefer buying sustainably made duty free products to avoid the environmental impacts due to the usage of non-biodegradable items. This key trend has pushed airport retailers to adopt sustainable business practices such as waste recycling & reduction, biodegradable packaging, and ethical raw material sourcing activities. This factor will create newer avenues for market growth. As per the recent study by the Tax-Free World Association (TFWA) in July 2020, 70 % of the 2,456 consumer participants worldwide were influenced by sustainability practices while purchasing a product during travel. 

In addition to the factors mentioned earlier, retailers are implementing a customer-driven approach to sell their products and services online and increase their sales revenues. For instance, In July 2021, 3Sixty Digital Ltd. partnered with Virgin Atlantic Airways Ltd. to rollout Omneveo, an Omni-Channel retail platform that helps retailers uplift their customers' online shopping experience. Through such a digital shopping portal, passengers can better shop for products as per their requirements while doing in-flight and onboard activities, positively influencing market trends.

DRIVING FACTORS

Rising Number of International Travelers  to Drive Market Growth

The increasing number of domestic and international travelers will increase the product demand, driving the market growth over the forecast period. As per the report 'Indian Tourism and Hospitality Industry Analysis, ' published by the Indian Brand Equity Foundation (IBEF), in 2019, there were 10.89 million foreign tourist arrivals in India, a 3.2% up over the previous year. Nowadays, retailers offer personalized loyalty programs & deals to meet changing shopping habits of air passengers. This factor helps retailers build their revenues from Duty Free products thus fueling market growth.

Besides, rising millennial populations' spending on travel and tourism will upsurge the product revenues. Besides, rising millennial populations' spending on travel and tourism will upsurge the product revenues. For instance, as per the World Travel and Tourism Council (WTTC) data in November 2021, the French travel and tourism sector has surged by 34.9 % in 2021.

Continual Provision of Duty-Free Campaigns by Retailers  to Upsurge Product Demand

Nowadays, key companies launch promotional campaigns to encourage consumers to buy Duty Free products. Additionally, they continuously offer high-quality, privately labeled products and services to delight higher-income airport traveler groups. These factors will support the airport retail shops' product revenues. For instance, in November 2021, Mumbai Duty Free partnered with Flemingo and Adani Airport Holdings to unveil a fully digitalized flagship campaign, 'Mumbai Duty Free is Now Free Campaign.' India. This campaign was re-launched to make use of a new digital approach of barcode scanning for vouchers and ensure customers with safe and contactless access to products.

RESTRAINING FACTORS

High Product Pricing to Hinder Market Augmentation 

The majority of the products sold by retailers are high-quality & branded. This factor enables retailers to sell travel goods at higher prices, thereby limiting the product demand among lower disposable income level traveler groups. Additionally, limited customer awareness regarding new product launches and upgrades create a barrier in purchasing commodities, restricting the travel retail industry growth.

TRAVEL RETAIL MARKET SEGMENTATION

By product type analysis.

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Cosmetic & Fragrances Segment to Hold a Dominant Share Due to Surging Demand from Females

By product type, the global market is segmented into cosmetic & fragrances, wines & spirits, confectionery & fine foods, tobacco products, fashion & accessories, and others. The cosmetics segment holds a major market share due to the growing interest of females and millennials in internationally acclaimed brands that are difficult to find in their native locations. Also, the tax-free pricing of perfumes and high fashioned apparel ensures their purchase as a gifting accessory without import prices, thus surging the segment expansion.

The retailers showcase multiple collections and brands under one roof, making it easy to purchase for travelers. The branded cosmetics and fragrances companies appeal to a broader consumer base with their customer-friendly business policies. Also, retailers offer customer-friendly policies for all kinds of products merchandised in their shops.

In the case of wines & spirits, the industry has an estimated progressive growth as travelers passionate about international liquor brands. They usually purchase luxurious Duty-Free liquor brands from wine retailers to kill waiting time in airports. Nowadays, international liquor brands such as 'Macallan (The Macallan Global Boutiques), Dalmore (Dalmore Store), etc. mainly focus on selling their products through airport shops and cruise lines to increase travelers' accessibility. Such a factor is further supporting the product revenues from the wines & spirits segment.

Fashion & accessories segment is likely to achieve substantial growth during the forecast timeline, as fashion products are notably popular among celebrities and sportspersons. Fashion retailers focus on specializing in the niche marketing approach to attract an array of customers with similarities in purchasing behavior related to sports kits, musical equipment, and beauty cosmetics.

The growing popularity of innovative e-cigarettes of different sizes and shapes will increase consumer demand for such products at airports and cruises, driving segmental revenues for tobacco products. However, airlines and maritime stores' smoking-related prohibitory rules will limit the tobacco product demand among travelers, thereby declining the tobacco products' segmental growth.

Confectionery & fine food products are among the fastest-selling categories of food products that have gained transaction among youngsters and millennials. The bright and attractive displays of cartoon characters are a great way to cater to customers at the door. The stickers and fun displays with customizable wall arts create lucrative demand from youngsters. Chocolates and other confectionery retailers try to raise their presentation and create innovative ways to enlighten the mindsets of youngsters, bringing new growth opportunities for the segment.

The others segment includes watches, jewelry , fine arts, electronic items, and gift items, which are also expected to witness noticeable demand during the forecast period. These items are purchased by travelers through unique online applications to earn rewards and points, which raises the customers' thirst to acquire more products from such deals.

By Sector Analysis

Duty Free Shopping to Gain Significant Momentum Due to VAT Benefits

By sector, the global market is segmented into duty free and duty paid. The Duty Free segment holds a major share due to its value-added tax benefits over its counterpart. Nowadays, cosmetic companies such as L'Oréal, Estee Lauder Inc., and others increasingly focus on selling their products through Duty Free shops to boost sales. Such a factor will fuel the Duty Free segmental growth. Additionally, the rising number of international travelers and their demand for Duty Free products will accelerate segmental revenues. As per the data presented by the Centre for Asia-Pacific Aviation (CAPA), in 2021, the total gross Duty Free spending at Indian airports will reach USD 1.6 million by 2021.

The duty paid sector is also likely to witness growth in demand as the duty-paid retailers are taking multi-channel strategies and customer-driven solutions to sell their products. The retailers are focused on catering to a wider consumer base by launching apps to gather online information to create a curated shopping experience based on specific interests. Through expansions and tie-ups with domestic airports, selling high-quality and high-priced products will allow the retailers to upgrade their services and establish a competitive edge in the global industry.

By Sales Channel Analysis

Rising Number of Airport & Airline Shops to Augment Segment Growth

According to sales channel, the market is arrayed into airport & airline shops, seaport & cruise line shops, border downtown hotel shops, and others.

The airport & airline shops' segment holds a major share owing to the continual provision of customer-centric cosmetic and beverage products by airport retailers. This factor results in significant revenue generation from the airport segment. Furthermore, the in-flight Wi-Fi experience offers a seamless online shopping experience to the air passengers, thereby surging the segmental revenues. According to the International Civil Aviation organization data, the number of departures internationally rose by 1.7% from 2018 and reached 38.3 million in 2019.

Recently, worldwide train transportation services witnessed a considerable surge in passenger bookings. This factor will increase the train passengers' demand for such products, thereby resulting in others' segments generating considerable product revenues. As per the statistics from Indian Railways, there is an increase of 113% in earnings from passenger segments during the second quarter of 2021 compared to the first quarter. Thus, greater passenger bookings across railway stations provide potential growth opportunities for train retail services to boost passenger traffic, favoring the global travel retail market growth.

Border downtown hotel shops are gaining neutral demand as these shops create revenue for small businesses to sustain in a competitive environment and create jobs for the locals. These retailers don't charge high taxes, and customers can access various products. However, these retail channels are key for the global market forecast as they typically witness a steady flow of shoppers yearly.

Seaports & cruise line ships have steadily witnessed footfall in retail and duty free outlets and are anticipated to grow considerably during the 2023-2030 period. The growing number of workers involved in shipping cargo through the marine routes has boosted the demand among seaport retailers. Also, the surging number of travelers following the sea routes is estimated to create opportunities for cruise line shops. As per the data from Cruise Lines International (CLIA), 28 million people traveled through the ships and cruises in 2018 and will likely cross the 30 million mark in 2019.

REGIONAL ANALYSIS of TRAVEL RETAIL MARKET

Asia Pacific Travel Retail Market Size, 2022 (USD Billion)

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The worldwide tourism retail sector is segregated into the North America, Europe, Asia Pacific, South America, and Middle East & Africa regions.

Asia Pacific market was valued at USD 28.32 billion in 2022. A significant number of domestic and international travelers spend on duty Free products in China, India, and South Korea, resulting in the Asia Pacific region dominating the global industry in Duty Free retail. The adoption of cheap travel tours by companies in the Asia Pacific region, including MakeMyTrip, Yatra, and others, has facilitated customer traffic rates in booking, generating new growth opportunities for the travel operators to expand their businesses. 

Nowadays, duty Free retailers establish partnerships with Asian domestic and international airports to expand their businesses in Asia. This factor will further increase the Asia Pacific region's market growth rate. For instance, in May 2019, King Power International Group signed an agreement with Suvarnabhumi Airport (Bangkok Airport) to increase its Duty Free retailing business in Thailand.

The Europe market will grow considerably due to growing travel & tourism-related infrastructural settings such as hotels & restaurants, amusement parks, etc. As per the estimated data published by the CBI Ministry of Foreign Affairs, the total European tourism comprising air, land, and sea travel out of Europe accounted for 496 million trips in 2019. Also, the region's tourism and travel trips generated 35% of the international tourism expenditure in a similar period. Additionally, the robust presence of luxury goods brands such as 'Dufry AG, Aer Rianta International, and Lagardere Group result in considerable product revenues in the region.

Increasing U.S. and Canadian spending on travel & tourism is mainly supporting the North America industry's growth. According to the statistical data presented by U.S. Travel Organisation, in 2019, U.S. domestic and international travelers' spending reached USD 1,127 million. Also, the increase in the purchasing capacity of individuals has boosted regional growth.

Saudi Arabia and UAE's rising middle-income population groups mainly support the Middle East & Africa retail sector. Nowadays, Brazilians prefer buying high-quality apparel and cosmetic goods at domestic duty-paid shops. Such a factor will provide an increase in the product demand among Brazilians. Furthermore, the growing number of airport retailers in Brazil and Chile will increase the number of air passengers driving regional growth.

COVID-19 IMPACT

Rising Popularity of Anxiety-Reducing Products Boosted Market Growth Amid COVID-19

To minimize coronavirus infection spread, governments worldwide imposed lockdown and other travel restrictions, most notably in 2020. This factor has significantly lowered the number of air and marine travelers, threatening the overall travel & tourism industry. As per the data published by International Airport Transport Association (IATA), from 2009 to 2019, international travels had fallen below the yearly rate of 5.5%.

Nowadays, passengers prefer wellness-related products to maintain their health during the pandemic. This factor will offer duty free retailers newer opportunities to offer personalized products. Rising consumer demand for personal protection equipment (PPE) and products such as sanitizers, face masks, gloves, and others amid the pandemic will create newer avenues for Duty Free retailers' business growth. Furthermore, the growing popularity of anxiety-reducing items among air passengers will accelerate the industry growth amid the COVID-19 pandemic. For instance, in 2020, Essence Corp, a Miami U.S.-based retail distributor for Bath & Body Works (BBW), reported a 41% jump in its retail sales from the bath and body works.

KEY INDUSTRY PLAYERS

Business Expansion through E-commerce is Key Strategy Fueling the Industry

Major key players such as Dufry AG, Shilla Duty Free shop, and others focus on capturing consumer buying behavior and offering personalized retailing goods to the customers to gain a competitive edge globally. Additionally, they continuously introduce sales promotional offers to attract buyers towards their products. For instance, in September 2020, Malaysia Airports Holdings Berhad introduced an e-commerce platform, 'shopMYaiports,' to facilitate revenue amid the disruptions caused due to the pandemic. The e-commerce platform also offers free delivery with a minimum order amount of USD 71.65 to elevate the digital purchase experience.

LIST OF KEY COMPANIES PROFILED:

  • Lagardere Travel Retail (Lagardere Group) (France)
  • DFS Group Ltd. (Hong Kong)
  • Dufry AG (Switzerland)
  • King Power International Group (Thailand)
  • Aer Rianta International (Ireland)
  • The Nuance Group AG (Switzerland)
  • Lotte Duty Free (Lotte Hotel) (South Korea)
  • Gebr. Heinemann SE & Co. KG (U.S.)
  • Duty Free China Group Co. Ltd. (CDFG) (China)
  • Samsung Group (South Korea)

KEY INDUSTRY DEVELOPMENTS:

  • January 2023: Ritter Sport, a German chocolate bar brand, announced plans to expand its vegan product range with the launch of its Travel Retail Edition Vegan Tower 5x 100g set worldwide in March 2023. The new product is available in three ranges of non-dairy chocolate in a five-pack. The travel edition assortment flavors include Smooth Chocolate, Salted Caramel and the new Roasted Peanut.
  • January 2023:  Lotte Duty Free, a South Korean company, opened a store for NONFICTION, a South Korea-based beauty brand. Marking the launch, the company offered consumers free goods offline and online when purchasing NONFICTION products.
  • January 2023: Lagardère Travel Retail Belgium and Atos (a French IT service and consulting company) partnered to launch an automated Duty Free point of sales at Brussels Airport. The companies launched the automated POS to offer travelers a new and unique travelling experience.
  • February 2021: Hudson Group, a Dufry AG-owned retailing company, launched Amazon One, a technology-enabled store at Dallas Love Field Airport (DAL), to offer users an enhanced in-store shopping experience.
  • December 2021: Servy, a hospitality platform, partnered with Inflyter, a retail tech company, to develop an e-commerce platform that provides a digital shopping experience to airport travelers.

TRAVEL RETAIL MARKET REPORT COVERAGE

An Infographic Representation of Travel Retail Market

Travel Retail Market

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The travel retail industry research report analyzes the market in-depth and highlights crucial aspects such as prominent companies, product types, sectors, sales channels, and regional areas. Besides this, the report provides market outlooks and insights into the latest trends and highlights significant industry developments. In addition to the aspects mentioned above, the report encompasses several factors contributing to the industry's growth over recent years.

TRAVEL RETAIL MARKET Report Scope & Segmentation

Frequently asked questions.

Fortune Business Insights says that the industry size was USD 55.74 billion in 2022 and is anticipated to reach USD 117.18 billion by 2030.

In 2022, the industry was valued at USD 55.74 billion.

Ascending at a CAGR of 9.85%, the market will exhibit steady growth over the forecast period (2023-2030).

The cosmetic & fragrances segment will dominate the market during the forecast period (2023-2030).

The rising number of international travelers accelerates the market growth.

Lagardere Travel Retail (Lagardere Group), DFS Group Ltd., Dufry AG are leading companies worldwide.

Asia Pacific dominated the market in 2022.

Rising adoption of eco-friendly business practices is one of the prominent industry trends.

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  • PUBLISHED ON: Apr, 2023
  • BASE YEAR: 2022
  • HISTORICAL DATA: 2019-2021
  • NO OF PAGES: 175

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The global travel retail market size was valued at $55.74 billion in 2022 & is projected to grow from $60.72 billion in 2023 to $117.18 billion by 2030

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U.S. travel's third-largest segment by size: Experiences

U.S. travel's third-largest segment by size: Experiences

Travel is an experience. It's about dreams and relationships. Daring, exploring, learning. Doing and not doing. Indulging and relaxing. Connecting, reconnecting. Travel is about being there. Active travelers, those who participate in travel activities , are a passionate subset who place high importance on travel. Travel is a key part of their life, and they take more trips and spend more on travel annually than the average leisure traveler. According to Phocuswright's newly published travel research report, Experiences 2019: U.S. Market Opportunity and Consumer Behavior , travel activities account for 8% of U.S. travel gross bookings and the segment comes in third by size behind hotels and flights. The U.S. travel activities market totaled $34 billion in 2018, and growth is outpacing the total travel market.

Phocuswright Chart: U.S. Total Travel Activities Market

Flights and accommodation can be a notable part of the travel experience if a traveler is in a front-of-plane seat or staying in a unique accommodation, but mostly these products serve as logistics. It's the things travelers do when they get there that inspire them to go places. Seven in 10 travelers consider activity options as an important factor when deciding on their destination, and more than one third start researching activities before they book any other trip elements.

The industry has had to adapt business to realign to traveler behaviors, including what consumers hope to experience and how they behave throughout the activity decision-making process. Activity providers have gotten serious about digitizing business, making their inventory discoverable and bookable online – where most travelers prefer to research and purchase travel. The adoption of third-party reservation technology systems has contributed greatly to progress, providing a more efficient solution to manage business.

Even though reservation technology adoption has been on the upswing, connectivity into online resellers, that is, connectivity into the platforms that aggregate activities for consumers to search and buy, is still largely manual. Moreover, many smaller business owners feel their enterprises are not of sufficient size to require technology to assist in their distribution. However, online activity resellers and reservation technology companies have spearheaded industry efforts to educate providers and champion the importance of digitization. More activity providers are getting the message and becoming connected and savvy. More ways than ever before enable travelers to discover and book things to do and fulfill their experiential aspirations.

Phocuswright's Experiences 2019: U.S. Market Opportunity and Consumer Behavior tracks the U.S. travel activities sector, examining how U.S. consumers view and engage with activities, and charts the activity provider and seller marketplace. Purchase this report to gain insights into:

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  • The traveler activity lifecycle – where, how and when travelers research and book activities and why
  • The size and composition of the U.S. travel activities marketplace and forecasts through 2022
  • The state of U.S. activity supply – online distribution, technology adoption and marketing tactics
  • The outlook for online intermediaries and suppliers' attitudes toward online distribution

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Largest online travel companies by Market Cap

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Online Travel Market

Online travel market report by service type (transportation, travel accommodation, vacation packages), platform (mobile, desktop), mode of booking (online travel agencies (otas), direct travel suppliers), age group (22-31 years, 32-43 years, 44-56 years, above 56 years), and region 2024-2032.

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  • Methodology
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Market Overview:

The global online travel market size reached US$ 512.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,267.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032.  The e scalating penetration of smart devices, easy access to high-speed internet connectivity, the rising popularity of solo travel, and an increasing number of business travelers are some of the major factors propelling the market.

Online travel refers to the process of planning, booking, and managing travel arrangements using online platforms and websites. It encompasses various aspects of travel, including researching destinations, comparing prices, booking flights, accommodations, car rentals, and other travel-related services through online travel agencies (OTAs) and travel booking websites. It has revolutionized the way people plan and book their trips. It provides travelers with convenient access to a wide range of travel options, allowing them to search and compare different airlines, hotels, and other service providers. These platforms offer user-friendly interfaces, advanced search filters, and real-time availability, making it easier for travelers to find the best deals and make informed decisions.

The widespread availability and adoption of internet and mobile technology will stimulate the growth of the market during the forecast period. Moreover, the convenience of accessing a vast array of travel information, comparing prices, and making bookings online is positively influencing the market growth. Apart from this, the ongoing innovation and the development of user-friendly platforms, advanced search functionalities, and personalized recommendations has catalyzed the market growth. OTAs and travel booking websites have invested in providing seamless and efficient booking experiences, making it easier for travelers to find the best deals and make informed decisions. Furthermore, travelers are appreciating the ability to book their flights, accommodations, and other travel services from the comfort of their homes, and online platforms often offer exclusive deals and discounts, enabling travelers to find affordable options. In line with this, the rising demand for convenience and cost savings has augmented the market growth.

Global Online Travel Market

Online Travel Market Trends/Drivers:

Increase in Internet and Mobile Penetration

The increasing penetration of the internet and mobile technology has been a significant driver of the market. With more people gaining access to the internet and owning smartphones, the ability to plan and book travel online has become increasingly accessible. Travelers can easily research destinations, compare prices, and make bookings through online platforms, making the process more convenient and efficient. The widespread availability of mobile apps further enhances the accessibility of online travel, allowing travelers to plan and book their trips on the go. Additionally, the integration of online payment systems and secure transaction processes has further facilitated the growth of online travel by providing a seamless and secure booking experience.

Convenience and accessibility

The convenience and accessibility offered by online platforms have transformed the way people plan and book their trips. These platforms provide a one-stop solution, allowing travelers to access a vast array of travel information, options, and services in one place. The ability to browse through numerous airlines, hotels, and travel agencies in a user-friendly interface saves time and effort. Travelers can compare prices, read reviews, and make bookings from the comfort of their homes or while on the go. The 24/7 availability of online platforms means that travelers are no longer restricted by the operating hours of traditional travel agencies. This convenience and accessibility have democratized the travel planning process, empowering travelers to take more control over their itinerary and make informed decisions.

Competitive Pricing and Deals

The competitive nature of the market has resulted in competitive pricing and the availability of attractive deals and discounts. OTAs and booking websites strive to attract customers by offering exclusive promotions, discounted packages, and last-minute deals. The ability to compare prices across multiple platforms allows travelers to find the best available options and secure the most cost-effective deals. The transparency in pricing and the ability to see real-time availability and fluctuations in prices enable travelers to make informed decisions and capitalize on favorable pricing opportunities. The availability of such competitive pricing and deals has made online travel an appealing option for travelers seeking value for their money and cost savings. Moreover, loyalty programs and reward systems offered by these platforms further incentivize travelers to book through their platforms, enhancing customer loyalty and engagement.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Online Travel Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global online travel market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on service type, platform, mode of booking and age group.

Breakup by Service Type:

  • Transportation
  • Travel Accommodation
  • Vacation Packages

Travel accommodation dominates the market

The report has provided a detailed breakup and analysis of the market based on the service type. This includes transportation, travel accommodation and vacation packages. According to the report, travel accommodation represented the largest segment.

The dominance of travel accommodation as the primary service type in the market is driven by several key factors. The widespread presence of online travel platforms has made it easy for travelers to access a range of accommodation options, positively influencing the market growth. These platforms offer a comprehensive inventory of hotels, resorts, vacation rentals, and other types of accommodations, providing travelers with extensive choices and convenience.

Apart from this, the ability to compare prices, read reviews, and view photos of accommodations that empowers travelers to make informed decisions is contributing to the market growth. The user-friendly interfaces of these platforms streamline the booking process, allowing travelers to secure their preferred accommodations quickly and easily. Furthermore, the availability of customer reviews and ratings plays a significant role in driving the dominance of travel accommodation in the market.

Breakup by Platform:

Desktop holds the largest share in the market

A detailed breakup and analysis of the market based on the platform has also been provided in the report. This includes mobile and desktop. According to the report, desktop accounted for the largest market share.

The desktop platform typically involves accessing travel websites through web browsers installed on desktop computers, which offer larger screens, full-sized keyboards, and a mouse or trackpad for navigation. Desktop platforms provide travelers with a robust and comprehensive online experience for researching, planning, and booking their travel arrangements. Desktop computers offer a larger screen size and a more comfortable browsing experience, allowing travelers to easily navigate travel websites, compare options, and view detailed information. Moreover, desktop platforms provide greater processing power and stability, enabling faster loading times and smoother functionality for complex booking processes, thereby accelerating the product adoption rate. Furthermore, desktop platforms are preferred for extensive research and planning, as they provide more screen space and functionality for travelers to explore destinations, read reviews, and make informed decisions. Desktop offers various advantages in terms of screen size, processing power, and research capabilities.

Breakup by Mode of Booking:

  • Online Travel Agencies (OTAs)
  • Direct Travel Suppliers

Direct travel suppliers is the most popular mode of booking

A detailed breakup and analysis of the market based on the mode of booking has also been provided in the report. This includes online travel agencies (OTAs) and direct travel suppliers. According to the report, direct travel suppliers accounted for the largest market share.

Direct booking allows travelers to have a direct relationship with the travel supplier, whether it's an airline, hotel, or car rental company. This direct interaction gives travelers more control and the ability to personalize their travel experience, including selecting specific preferences, customizing packages, and accessing loyalty programs or exclusive offers. Moreover, the surging adoption of direct booking as it provides better pricing and deals compared to third-party OTAs is propelling the segment growth. Additionally, the rising use of direct booking as it allows better communication and customer service as travelers can directly contact the travel supplier for any queries, changes, or requests, eliminating the need to navigate through third-party customer service channels, thereby contributing to the segment growth. Furthermore, the rise of online platforms and technology that makes it easier and more convenient for travelers to directly book with travel suppliers is another major growth-inducing factor.

Breakup by Age Group:

  • 22-31 Years
  • 32-43 Years
  • 44-56 Years
  • Above 56 Years

32-43 years dominates the market

A detailed breakup and analysis of the market based on the age group has also been provided in the report. This includes 22-31, 32-43, 44-56, and above 56 years. According to the report, 32-43 years accounted for the largest market share.

The dominance of the 32-43 years age group in the market is driven by several key factors. This age group represents individuals in their prime working and earning years, typically with more disposable income to spend on travel. They are often at a stage in their lives where they have fewer family responsibilities and greater flexibility to plan and embark on trips. Moreover, the 32-43 years age group is tech-savvy and comfortable with using digital platforms for various activities, including travel planning, and booking, thereby accelerating the product adoption rate. They have grown up alongside the rapid advancement of technology and are accustomed to online transactions and digital communication. Apart from this, Online travel platforms offer a convenient and time-saving solution, allowing them to plan their trips at their own pace and from the comfort of their homes or offices. In addition, the rising preference of this age group for convenience and efficiency in their travel arrangements is contributing to the segment growth.

Breakup by Region:

To get more information on the regional analysis of this market, Request Sample

United States

  • South Korea

United Kingdom

  • Middle East and Africa

North America exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market.

The dominance of North America as the leading region in the market is driven by several key factors. North America has a highly developed and digitally advanced economy, with a large population of tech-savvy consumers. The region has widespread internet access and a high level of smartphone penetration, making it conducive for online travel activities. Moreover, familiarity and adoption of online platforms for various transactions, including travel bookings, is contributing to the dominance of North America in the market.

Apart from this, North America is home to some of the largest OTAs and travel booking platforms. In addition, these companies offering a wide range of travel services, competitive pricing, and user-friendly interfaces have catalyzed the market growth. The availability of comprehensive travel options, including flights, accommodations, car rentals, and activities, has made North American travelers rely heavily on online platforms for their travel planning and booking needs.

Competitive Landscape:

The market is experiencing a lower-than-anticipated demand compared to pre-pandemic levels however, this is likely to witness a paradigm shift over the next decade with the rise of OTAs, which provide comprehensive platforms for travelers to explore and compare various travel options. Furthermore, online platforms for travel have embraced augmented reality (AR) and virtual reality (VR) to enhance the travel planning experience. With AR, travelers can use their smartphones or wearable devices to virtually explore destinations, visualize hotel rooms or attractions, and even preview menus at restaurants. Additionally, mobile payment options and digital wallets have become widely accepted, allowing travelers to make quick and hassle-free transactions while on the go. We expect the market to witness new entrants, consolidation of portfolios, and increased strategic collaborations among key players to drive healthy competition within the domain.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Expedia Group Inc.
  • Fareportal Inc.
  • Hostelworld Group plc
  • MakeMyTrip Pvt. Ltd.
  • priceline.com LLC (Booking Holdings Inc.)
  • Thomas Cook India Ltd. (Fairfax Financial Holdings Limited)
  • Tripadvisor Inc.

Recent Developments:

  • In April 2023, Expedia launched New Feature Powered by ChatGPT to help plan travel. This innovative integration aims to enhance the travel planning experience for Expedia users by providing them with a personalized and conversational approach to trip planning. With this new feature, users can engage in natural language conversations with the ChatGPT system, similar to chatting with a virtual assistant.
  • In May 2023, HRS won three sustainability awards at BTN Americas Event by Business Travel News magazine. These accolades acknowledge HRS's comprehensive sustainability program, their role as a green supplier, and their innovative approaches to promoting sustainable travel choices. With these awards, HRS continues to inspire and lead the way in sustainable practices, encouraging positive change across the industry.
  • In August 2020, MakeMyTrip launched myPartner platform to assist travel agents in offering enhanced travel booking experiences to travelers. The platform, myPartner, has been designed to provide local travel agents access to one of the widest selections of online travel inventory. While digitizing the day-to-day booking processes of all offline travel agents alike, myPartner has been conceptualized and built to immensely benefit the local travel market beyond metro cities.

Online Travel Market Report Scope:

Key benefits for stakeholders:.

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the online travel market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global online travel market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the online travel industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global online travel market was valued at US$ 512.5 Billion in 2023.

We expect the global online travel market to exhibit a CAGR of 10.4% during 2024-2032.

The expanding travel and tourism industry, along with the rising utilization of online travel agencies across numerous hotels to ensure more visibility and increase their overall sales and profitability, is currently catalyzing the global online travel market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary restrictions on national and international travel activities, thereby limiting the overall demand for online travel.

Based on the service type, the global online travel market has been segmented into transportation, travel accommodation, and vacation packages. Among these, travel accommodation holds the majority of the total market share.

Based on the platform, the global online travel market can be divided into mobile and desktop, where desktop currently exhibits a clear dominance in the market.

Based on the mode of booking, the global online travel market has been categorized into Online Travel Agencies (OTAs) and direct travel suppliers. Currently, direct travel suppliers account for the majority of the global market share.

Based on the age group, the global online travel market can be segregated into 22-31 years, 32-43 years, 44-56 years, and above 56 years. Among these, 32-43 years age group currently holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global online travel market include Expedia Group Inc., Fareportal Inc., Hostelworld Group plc, HRS, Hurb, MakeMyTrip Pvt. Ltd., priceline.com LLC (Booking Holdings Inc.), Thomas Cook India Ltd. (Fairfax Financial Holdings Limited), Tripadvisor Inc., and Yatra.com.

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  • Business travel expenditure in India estimated at USD 38.2 billion in 2024

India is the 9th largest travel market in the world for business travel spending. It is the 4th largest market for the Asia Pacific region, representing 5.7 per cent of business travel spending in the region. In 2023, India’s business travel spending grew 24.7 per cent and we anticipate an 18.3 per cent increase in spending in 2024.

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  • Updated On Mar 4, 2024 at 03:50 PM IST

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South Asia's swift tourism recovery to aid Indian inbound by 2026; arrivals to increase by 58%: Expert

Under both mild and severe scenarios, it is projected that by the end of 2024, South Asia will attract 25 million and 60 million visitors, respectively. On the other end, India's attractiveness to tourists is expected to improve by 2026. Prof Haiyan Song, Research Head at PATA, and Dean of Hospitality and Tourism at Hong Kong Polytechnic University shares more insights.

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  • Published On Mar 4, 2024 at 03:50 PM IST

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The Moscow Metro Museum of Art: 10 Must-See Stations

There are few times one can claim having been on the subway all afternoon and loving it, but the Moscow Metro provides just that opportunity.  While many cities boast famous public transport systems—New York’s subway, London’s underground, San Salvador’s chicken buses—few warrant hours of exploration.  Moscow is different: Take one ride on the Metro, and you’ll find out that this network of railways can be so much more than point A to B drudgery.

The Metro began operating in 1935 with just thirteen stations, covering less than seven miles, but it has since grown into the world’s third busiest transit system ( Tokyo is first ), spanning about 200 miles and offering over 180 stops along the way.  The construction of the Metro began under Joseph Stalin’s command, and being one of the USSR’s most ambitious building projects, the iron-fisted leader instructed designers to create a place full of svet (radiance) and svetloe budushchee (a radiant future), a palace for the people and a tribute to the Mother nation.

Consequently, the Metro is among the most memorable attractions in Moscow.  The stations provide a unique collection of public art, comparable to anything the city’s galleries have to offer and providing a sense of the Soviet era, which is absent from the State National History Museum.  Even better, touring the Metro delivers palpable, experiential moments, which many of us don’t get standing in front of painting or a case of coins.

Though tours are available , discovering the Moscow Metro on your own provides a much more comprehensive, truer experience, something much less sterile than following a guide.  What better place is there to see the “real” Moscow than on mass transit: A few hours will expose you to characters and caricatures you’ll be hard-pressed to find dining near the Bolshoi Theater.  You become part of the attraction, hear it in the screech of the train, feel it as hurried commuters brush by: The Metro sucks you beneath the city and churns you into the mix.

With the recommendations of our born-and-bred Muscovite students, my wife Emma and I have just taken a self-guided tour of what some locals consider the top ten stations of the Moscow Metro. What most satisfied me about our Metro tour was the sense of adventure .  I loved following our route on the maps of the wagon walls as we circled the city, plotting out the course to the subsequent stops; having the weird sensation of being underground for nearly four hours; and discovering the next cavern of treasures, playing Indiana Jones for the afternoon, piecing together fragments of Russia’s mysterious history.  It’s the ultimate interactive museum.

Top Ten Stations (In order of appearance)

Kievskaya station.

largest travel marketplace

Kievskaya Station went public in March of 1937, the rails between it and Park Kultury Station being the first to cross the Moscow River.  Kievskaya is full of mosaics depicting aristocratic scenes of Russian life, with great cameo appearances by Lenin, Trotsky, and Stalin.  Each work has a Cyrillic title/explanation etched in the marble beneath it; however, if your Russian is rusty, you can just appreciate seeing familiar revolutionary dates like 1905 ( the Russian Revolution ) and 1917 ( the October Revolution ).

Mayakovskaya Station

Mayakovskaya Station ranks in my top three most notable Metro stations. Mayakovskaya just feels right, done Art Deco but no sense of gaudiness or pretention.  The arches are adorned with rounded chrome piping and create feeling of being in a jukebox, but the roof’s expansive mosaics of the sky are the real showstopper.  Subjects cleverly range from looking up at a high jumper, workers atop a building, spires of Orthodox cathedrals, to nimble aircraft humming by, a fleet of prop planes spelling out CCCP in the bluest of skies.

Novoslobodskaya Station

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Novoslobodskaya is the Metro’s unique stained glass station.  Each column has its own distinctive panels of colorful glass, most of them with a floral theme, some of them capturing the odd sailor, musician, artist, gardener, or stenographer in action.  The glass is framed in Art Deco metalwork, and there is the lovely aspect of discovering panels in the less frequented haunches of the hall (on the trackside, between the incoming staircases).  Novosblod is, I’ve been told, the favorite amongst out-of-town visitors.

Komsomolskaya Station

Komsomolskaya Station is one of palatial grandeur.  It seems both magnificent and obligatory, like the presidential palace of a colonial city.  The yellow ceiling has leafy, white concrete garland and a series of golden military mosaics accenting the tile mosaics of glorified Russian life.  Switching lines here, the hallway has an Alice-in-Wonderland feel, impossibly long with decorative tile walls, culminating in a very old station left in a remarkable state of disrepair, offering a really tangible glimpse behind the palace walls.

Dostoevskaya Station

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Dostoevskaya is a tribute to the late, great hero of Russian literature .  The station at first glance seems bare and unimpressive, a stark marble platform without a whiff of reassembled chips of tile.  However, two columns have eerie stone inlay collages of scenes from Dostoevsky’s work, including The Idiot , The Brothers Karamazov , and Crime and Punishment.   Then, standing at the center of the platform, the marble creates a kaleidoscope of reflections.  At the entrance, there is a large, inlay portrait of the author.

Chkalovskaya Station

Chkalovskaya does space Art Deco style (yet again).  Chrome borders all.  Passageways with curvy overhangs create the illusion of walking through the belly of a chic, new-age spacecraft.  There are two (kos)mosaics, one at each end, with planetary subjects.  Transferring here brings you above ground, where some rather elaborate metalwork is on display.  By name similarity only, I’d expected Komsolskaya Station to deliver some kosmonaut décor; instead, it was Chkalovskaya that took us up to the space station.

Elektrozavodskaya Station

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Elektrozavodskaya is full of marble reliefs of workers, men and women, laboring through the different stages of industry.  The superhuman figures are round with muscles, Hollywood fit, and seemingly undeterred by each Herculean task they respectively perform.  The station is chocked with brass, from hammer and sickle light fixtures to beautiful, angular framework up the innards of the columns.  The station’s art pieces are less clever or extravagant than others, but identifying the different stages of industry is entertaining.

Baumanskaya Statio

Baumanskaya Station is the only stop that wasn’t suggested by the students.  Pulling in, the network of statues was just too enticing: Out of half-circle depressions in the platform’s columns, the USSR’s proud and powerful labor force again flaunts its success.  Pilots, blacksmiths, politicians, and artists have all congregated, posing amongst more Art Deco framing.  At the far end, a massive Soviet flag dons the face of Lenin and banners for ’05, ’17, and ‘45.  Standing in front of the flag, you can play with the echoing roof.

Ploshchad Revolutsii Station

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Novokuznetskaya Station

Novokuznetskaya Station finishes off this tour, more or less, where it started: beautiful mosaics.  This station recalls the skyward-facing pieces from Mayakovskaya (Station #2), only with a little larger pictures in a more cramped, very trafficked area.  Due to a line of street lamps in the center of the platform, it has the atmosphere of a bustling market.  The more inventive sky scenes include a man on a ladder, women picking fruit, and a tank-dozer being craned in.  The station’s also has a handsome black-and-white stone mural.

Here is a map and a brief description of our route:

Start at (1)Kievskaya on the “ring line” (look for the squares at the bottom of the platform signs to help you navigate—the ring line is #5, brown line) and go north to Belorusskaya, make a quick switch to the Dark Green/#2 line, and go south one stop to (2)Mayakovskaya.  Backtrack to the ring line—Brown/#5—and continue north, getting off at (3)Novosblodskaya and (4)Komsolskaya.  At Komsolskaya Station, transfer to the Red/#1 line, go south for two stops to Chistye Prudy, and get on the Light Green/#10 line going north.  Take a look at (5)Dostoevskaya Station on the northern segment of Light Green/#10 line then change directions and head south to (6)Chkalovskaya, which offers a transfer to the Dark Blue/#3 line, going west, away from the city center.  Have a look (7)Elektroskaya Station before backtracking into the center of Moscow, stopping off at (8)Baumskaya, getting off the Dark Blue/#3 line at (9)Ploschad Revolyutsii.  Change to the Dark Green/#2 line and go south one stop to see (10)Novokuznetskaya Station.

Check out our new Moscow Indie Travel Guide , book a flight to Moscow and read 10 Bars with Views Worth Blowing the Budget For

Jonathon Engels, formerly a patron saint of misadventure, has been stumbling his way across cultural borders since 2005 and is currently volunteering in the mountains outside of Antigua, Guatemala.  For more of his work, visit his website and blog .

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Photo credits:   SergeyRod , all others courtesy of the author and may not be used without permission

A historic Texas ranch on the market for $180 million has been devastated by wildfires, owners say

  • About 80% of Turkey Track Ranch, listed for $180 million, has been destroyed by wildfire.
  • The owners said Texas's Smokehouse Creek Fire has decimated the pastures, plains, and vegetation.
  • The fire has spread to nearly 1.1 million acres — an area bigger than Rhode Island.

Insider Today

Most of a historic Texas ranch, on the market for $180 million, was badly burned by wildfires spreading across the Texas Panhandle, the owners said Thursday.

In a statement, the owners of the Turkey Track Ranch , which contains around 80,000 acres, said an early assessment indicated that about 80% of "pastures, plains, and creek bottom vegetation" had been destroyed.

The owners said the loss of livestock, crops, wildlife, and infrastructure was "unparalleled in our history."

"We are heartbroken by this devastating fire and its tremendous associated effects and losses which continue," they said, while thanking firefighters who came to help save the ranch.

According to Icon Global , the Dallas-based brokerage running the marketing for the property's sale, the Turkey Track Ranch was one of the original ranches of the Panhandle.

It has an extensive Native American history and is known for the battles of Adobe Walls in 1864 and 1874.

Situated in northern Texas, the ranch was overrun by the Smokehouse Creek Fire, the largest of several wildfires blazing through the Panhandle.

The fire, which broke out on Monday, quickly became the "largest and most destructive" in Texas's history, the West Odessa Volunteer Fire Department said in a Facebook post on Thursday.

It's also the second most destructive wildfire in US history, after the 1825 Miramichi Fire in Maine, according to the Austin American-Statesman.

In total, it's spread to nearly 1.1 million acres — an area bigger than Rhode Island — with only about 3% of the fire contained as of Thursday, the fire department said.

Two people have been confirmed dead.

Responding to the crisis, Texas Gov. Greg Abbott issued a disaster declaration on Tuesday for 60 counties affected by the "devastating" wildfires.

President Joe Biden, who was in Texas on Thursday to visit the US-Mexico border, announced that he had directed federal officials to do "everything possible" to assist communities affected.

More than 500 federal personnel are already engaging in fire-fighting efforts, he said.

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Watch: Massive Texas fire burns out of control, razing half a million acres of land

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American Airlines orders 260 new planes, including Boeing Max jets

American airlines is slated to add over 180 boeing airplanes to its fleet in next decade.

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American Airlines purchased 260 planes – including a significant number of Boeing's largest 737 Max airplane – in an effort to boost its domestic and short-haul international network and expand its first-class seating. 

The Texas-based carrier placed orders for 85 Airbus A321neo, 85 Boeing 737 Max 10 and 90 Embraer E175 aircraft with the option to purchase an additional 193 aircraft.

American is also converting its 30 existing 737 Max 8 orders to 737 Max 10 aircraft.

American Airlines CEO Robert Isom said these orders "will continue to fuel our fleet with newer, more efficient aircraft so we can continue to deliver the best network and record-setting operational reliability for our customers."

FAA GIVES BOEING 90 DAYS TO DEVELOP PLAN TO ADDRESS 'QUALITY-CONTROL' ISSUES

American is also retrofitting its A319 and A320 fleets beginning next year to increase the number of domestic first-class seats on each aircraft to cater to what it says is "growing customer demand for a premium travel experience."

An American Airlines and a JetBlue jet on the runway

An American Airlines plane lands on a runway near a parked JetBlue plane. (Joe Raedle / Getty Images)

The news comes as the Federal Aviation Administration (FAA) ramps up oversight of Boeing and its suppliers as a part of its investigation into an Alaska Airlines incident involving a Max 9 jet that lost a door plug mid-flight earlier this year. Part of its efforts included halting production expansion of the Boeing 737 Max. 

BOEING TO STABILIZE 737 PRODUCTION LATER THIS YEAR, EXEC SAYS

Late last month, the FAA said it was giving Boeing 90 days to develop a comprehensive action plan that will address "systemic quality-control issues." 

FAA Administrator Mike Whitaker said the airplane manufacturer "must commit to real and profound improvements." 

Boeing Sign

The Boeing Co. manufacturing facility in Renton, Washington, on Jan. 7, 2024. (David Ryder/Bloomberg via / Getty Images)

Still, with orders for more than 150 Max jets and 25 Dreamliners, Boeing said American will add more than 180 Boeing airplanes to its fleet in the next decade.

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Boeing Commercial Airplanes CEO Stan Deal said in a statement that its team, "is committed to delivering on this new order and supporting American's strategic growth with one of the industry's largest and most modern fleets."

"We deeply appreciate American Airlines' trust in Boeing and its confidence in the 737 Max family," Deal said.

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  • Travel product online bookings in Canada 2023
  • Travel product online bookings in the UK 2023
  • Travel product online bookings in China 2023
  • Travel product online bookings in India 2023
  • Reasons for feeling frustrated when planning trips worldwide 2023, by tourist type
  • Revenue of leading OTAs worldwide 2019-2022
  • Marketing expenses of leading OTAs worldwide 2019-2022
  • Number of employees at leading travel companies worldwide 2022
  • Leading online travel companies worldwide 2020-2022, by revenue CAGR
  • Leading online travel companies worldwide 2022-2023, by EV/EBITDA
  • Number of bookings through Booking Holdings worldwide 2010-2023, by segment
  • Operating income of Booking Holdings worldwide 2007-2023
  • Net income of Booking Holdings worldwide 2007-2023
  • Revenue of Expedia Group, Inc. worldwide 2017-2023, by business model
  • Operating income of Expedia Group, Inc. worldwide 2007-2023
  • Net income of Expedia Group, Inc. worldwide 2007-2023
  • Airbnb revenue worldwide 2017-2023
  • Airbnb revenue worldwide 2019-2023, by region
  • Airbnb operations income worldwide 2017-2023
  • Airbnb net income worldwide 2017-2023
  • Total revenue of Trip.com Group 2012-2022
  • Revenue of Trip.com 2012-2022, by product
  • Revenue of Trip.com 2017-2022, by region
  • Net profit of Trip.com 2012-2022
  • Revenue of Tripadvisor worldwide 2008-2023
  • Revenue of Tripadvisor worldwide 2017-2023, by business segment
  • Revenue of Tripadvisor worldwide 2012-2023, by region
  • Operating income of Tripadvisor worldwide 2008-2023
  • Net income of Tripadvisor worldwide 2008-2023

Other statistics that may interest you Online travel market worldwide

Industry overview

  • Premium Statistic Market size of the tourism sector worldwide 2010-2023
  • Premium Statistic Travel and tourism revenue worldwide 2019-2028, by segment
  • Premium Statistic Distribution of sales channels in the travel and tourism market worldwide 2017-2027
  • Premium Statistic Online travel market size worldwide 2020-2030
  • Premium Statistic Revenue of the travel apps industry worldwide 2017-2027
  • Premium Statistic Most downloaded online travel agency apps worldwide 2022, by aggregated downloads
  • Premium Statistic Most popular travel and tourism websites worldwide 2024

Online bookings

  • Premium Statistic Travel product online bookings in the U.S. 2023
  • Premium Statistic Travel product online bookings in Canada 2023
  • Premium Statistic Travel product online bookings in the UK 2023
  • Premium Statistic Travel product online bookings in China 2023
  • Premium Statistic Travel product online bookings in India 2023
  • Premium Statistic Reasons for feeling frustrated when planning trips worldwide 2023, by tourist type

Market leaders

  • Premium Statistic Revenue of leading OTAs worldwide 2019-2022
  • Premium Statistic Marketing expenses of leading OTAs worldwide 2019-2022
  • Premium Statistic Number of employees at leading travel companies worldwide 2022
  • Basic Statistic Market cap of leading online travel companies worldwide 2023
  • Premium Statistic Leading online travel companies worldwide 2020-2022, by revenue CAGR
  • Premium Statistic Leading online travel companies worldwide 2022-2023, by EV/EBITDA

Booking Holdings

  • Basic Statistic Revenue of Booking Holdings worldwide 2007-2023
  • Premium Statistic Number of bookings through Booking Holdings worldwide 2010-2023, by segment
  • Premium Statistic Operating income of Booking Holdings worldwide 2007-2023
  • Premium Statistic Net income of Booking Holdings worldwide 2007-2023
  • Premium Statistic Revenue of Expedia Group, Inc. worldwide 2007-2023
  • Premium Statistic Revenue of Expedia Group, Inc. worldwide 2017-2023, by business model
  • Premium Statistic Operating income of Expedia Group, Inc. worldwide 2007-2023
  • Premium Statistic Net income of Expedia Group, Inc. worldwide 2007-2023
  • Premium Statistic Airbnb revenue worldwide 2017-2023
  • Premium Statistic Airbnb revenue worldwide 2019-2023, by region
  • Premium Statistic Airbnb operations income worldwide 2017-2023
  • Premium Statistic Airbnb net income worldwide 2017-2023
  • Premium Statistic Total revenue of Trip.com Group 2012-2022
  • Premium Statistic Revenue of Trip.com 2012-2022, by product
  • Premium Statistic Revenue of Trip.com 2017-2022, by region
  • Premium Statistic Net profit of Trip.com 2012-2022

Tripadvisor

  • Premium Statistic Revenue of Tripadvisor worldwide 2008-2023
  • Premium Statistic Revenue of Tripadvisor worldwide 2017-2023, by business segment
  • Premium Statistic Revenue of Tripadvisor worldwide 2012-2023, by region
  • Premium Statistic Operating income of Tripadvisor worldwide 2008-2023
  • Premium Statistic Net income of Tripadvisor worldwide 2008-2023

Further related statistics

  • Premium Statistic Online travel agencies: growth in gross bookings in Europe 2013-2016
  • Premium Statistic Online travel agencies: share of hotel bookings in Europe 2012-2016
  • Premium Statistic Online travel agency market value 2014, by region
  • Premium Statistic Lastminute.com Group revenue worldwide 2017-2022
  • Premium Statistic Lastminute.com Group profit/loss before income tax 2016-2020
  • Premium Statistic Transaction volume of the Chinese online travel booking market 2013-2022
  • Premium Statistic Growth of the online travel booking market transaction volume in China 2014-2022
  • Premium Statistic Information U.S. travelers obtain about travel sites before online booking U.S. 2017
  • Premium Statistic Total assets of Booking Holdings worldwide 2007-2023
  • Premium Statistic Time consumers spent using travel-related websites APAC 2019
  • Premium Statistic Expedia travel bookings in Germany 2017-2020
  • Premium Statistic Number of visits per travel-related website user APAC 2019
  • Premium Statistic Share of U.S. residents who have used select OTAs and metasearch engines 2017
  • Premium Statistic Number of users of buses in Asia 2019-2028
  • Premium Statistic Lastminute.com Group revenue share in 2019, by product category
  • Premium Statistic Penetration rate of trains in China 2019-2028

Further Content: You might find this interesting as well

  • Online travel agencies: growth in gross bookings in Europe 2013-2016
  • Online travel agencies: share of hotel bookings in Europe 2012-2016
  • Online travel agency market value 2014, by region
  • Lastminute.com Group revenue worldwide 2017-2022
  • Lastminute.com Group profit/loss before income tax 2016-2020
  • Transaction volume of the Chinese online travel booking market 2013-2022
  • Growth of the online travel booking market transaction volume in China 2014-2022
  • Information U.S. travelers obtain about travel sites before online booking U.S. 2017
  • Total assets of Booking Holdings worldwide 2007-2023
  • Time consumers spent using travel-related websites APAC 2019
  • Expedia travel bookings in Germany 2017-2020
  • Number of visits per travel-related website user APAC 2019
  • Share of U.S. residents who have used select OTAs and metasearch engines 2017
  • Number of users of buses in Asia 2019-2028
  • Lastminute.com Group revenue share in 2019, by product category
  • Penetration rate of trains in China 2019-2028

IMAGES

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  5. The List Of Top 10 World’s Largest B2B Marketplaces (2022)

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VIDEO

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COMMENTS

  1. Top online travel companies by market cap 2023

    Market cap of leading online travel companies worldwide as of September 2023. (in million U.S. dollars) Characteristic. Market cap in million U.S. dollars. Booking Holdings (United States) 112,793 ...

  2. Top 20 Most Valuable Travel Companies in the World

    The report also mentions that, with a 38.7% market revenue share in 2022, Asia Pacific emerged as the largest global leisure travel market. The expansion of the market is anticipated to be driven ...

  3. Mondee

    To manage your clients' or organization's leisure travel, download our world-class Mondee Marketplace travel app to start crafting custom travel experiences, with discounted rates and 24/7 traveler support from our innovative AI travel assistant, Abhi. With the Mondee Marketplace app, you can run your business from anywhere.

  4. Leading travel companies by sales worldwide 2022

    Leisure Travel. Market cap of leading online travel companies worldwide 2023 + Leisure Travel. Revenue of Expedia Group, Inc. worldwide 2007-2023 + Travel, Tourism & Hospitality.

  5. Top 10 Travel Companies in the World by Sales in 2020

    5. CWT. Formerly known as Carlson Wagonlit Travel, CWT ranks 5 th on this list of the top 10 travel companies in the world by sales in 2020. CWT is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management.

  6. World Travel Market Events

    5-7 November 2024 World Travel Market London is home to the world's travel trade - the most influential travel and tourism event globally. Visit WTM London. ... Get in touch today to find out how you can take part in the world's largest travel market. Get in touch. Your place for travel industry news

  7. Travel Network

    That's why American Express Global Business Travel (GBT) has established a travel management network, GBT Partner Solutions (GPS). The aim of GPS is to help agencies drive more value to their customers in a competitive landscape. By joining this travel network, agency members and independent agents can offer their clients all the options ...

  8. Aventura

    AI Travel Assistant ... The world's largest travel marketplace. Go further with Expedia. Discover over 60,000 experiences. Tours, things to do, sightseeing, day trips & more. Top-brand gear, clothing and outdoor adventures. The best way to discover and book your next RV adventure. The largest collection of detailed, hand-curated trail maps ...

  9. The US Remains the Largest Domestic Travel Market

    Feb 7, 2024. In 2024, international visitor numbers in the U.S. are predicted to reach 98% of 2019 levels. While this is certainly cause for celebration on the road to post-pandemic recovery, the ...

  10. U.S. Travel Market Report 2022-2026

    With pandemic concerns in the rearview, the U.S. travel market experienced a bounce back in 2022. In reality, recovery varied wildly by segment. Despite concerns over staffing, supply chain and economic hardships, travelers eagerly returned to their favorite leisure activity. Gross bookings finally surpassed 2019 totals in 2022 in the United States, for the first time since the pandemic's onset.

  11. PDF WTM Global Travel Report

    providing attendees to World Travel Market with the latest trends shaping the travel landscape. Using an expansive data-bank covering more than 185 countries worldwide as ... largest inbound markets are expected to see significant growth in spend compared to 2019, with Spain, France, and Turkey leading the way. These

  12. Largest travel companies by market cap

    Miramar Hotel and Investment. 0071.HK. $0.90 B. $1.31. 1.15%. 🇭🇰 Hong Kong. This is the list of the largest travel companies by market capitalization. Only the top travel companies are shown in this list and travel companies that are not publicly traded are excluded. The ranking and the market cap data shown on this page are updated daily.

  13. Travel Retail Market Size, Growth, Forecast, Report, 2032

    The global travel retail market size was valued at USD 55.74 billion in 2022 and is projected to grow from USD 60.72 billion in 2023 to USD 117.18 billion by 2030, exhibiting a CAGR of 9.85% during the forecast period. A growing number of millennial and middle-income traveler groups are offering immense opportunities to grow international ...

  14. U.S. travel's third-largest segment by size: Experiences

    The U.S. travel activities market totaled $34 billion in 2018, and growth is outpacing the total travel market. (Click image to view a larger version.) Flights and accommodation can be a notable part of the travel experience if a traveler is in a front-of-plane seat or staying in a unique accommodation, but mostly these products serve as logistics.

  15. Luxury Travel Market Size, Share And Growth Report, 2030

    The global luxury travel market size was estimated at USD 1.37 trillion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2030. Increasing spending by elite travelers to visit unexplored destinations and gain new experiences is driving the market. In addition, the growing trend of micro trips and the ...

  16. Largest online travel companies by Market Cap

    Largest online travel companies by Market Cap. companies: 13 total market cap: $279.24 B. Rank Name Market Cap Price Today Price (30 days) Country; 1: Booking Holdings (Booking.com) BKNG. $118.53 B: ... The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.

  17. Online Travel Market Size, Forecast Report 2024-2032

    The global online travel market size reached US$ 512.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,267.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032. The escalating penetration of smart devices, easy access to high-speed internet connectivity, the rising popularity of solo ...

  18. <%if ($Tourid !="") {echo $TourName;}%>

    RUSSIA TRAVEL PACKAGES A selection of Russian tours to take as they are or adjust to your needs. THE GOLDEN RING Visit the heart of ancient Russia. What is the Golden Ring? MOSCOW TOURS What you can see in Moscow. MOSCOW DAY TRIPS Get out of Moscow and take a relaxing trip to some of these places.

  19. Deadly Texas wildfire torches 1 million acres

    Altogether, the fire is among the largest in the Lower 48 since reliable record-keeping began in the 1980s. The inferno is one of three fires burning in the Texas Panhandle - with no end in sight.

  20. Business Travel In India: Business travel expenditure in India

    Business Travel In India: India is the 9th largest travel market in the world for business travel spending. It is the 4th largest market for the Asia Pacific region, representing 5.7 per cent of business travel spending in the region. In 2023, India's business travel spending grew 24.7 per cent and we anticipate an 18.3 per cent increase in spending in 2024.

  21. 'Two sessions': China scraps a decades-long political ...

    Delegates converge The gathering, which takes place in Beijing's cavernous Great Hall of the People, is the only time each year that the nearly 3,000-person legislature, the National People's ...

  22. Passenger airlines in the U.S.

    The United States has the world's second-largest air travel market, with more than 369 million passengers being transported in 2020. With all the passenger traffic, it is no surprise that the U.S ...

  23. Elektrostal to Moscow

    The city covers an area of 2511 km2, while the urban area covers 5891 km2, and the metropolitan area covers over 26000 km2. Moscow is among the world's largest cities, being the most populous city entirely in Europe, the largest urban and metropolitan area in Europe, and the largest city by land area on the European continent. - Wikipedia

  24. Elektrostal

    History. It was known as Zatishye (Зати́шье) until 1928. [citation needed] In 1938, it was granted town status.[citation needed]Administrative and municipal status. Within the framework of administrative divisions, it is incorporated as Elektrostal City Under Oblast Jurisdiction—an administrative unit with the status equal to that of the districts.

  25. US government sues to block largest supermarket merger in history

    The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store ...

  26. The Moscow Metro Museum of Art: 10 Must-See Stations

    Have a look (7)Elektroskaya Station before backtracking into the center of Moscow, stopping off at (8)Baumskaya, getting off the Dark Blue/#3 line at (9)Ploschad Revolyutsii. Change to the Dark Green/#2 line and go south one stop to see (10)Novokuznetskaya Station. Check out our new Moscow Indie Travel Guide, book a flight to Moscow and read 10 ...

  27. $180M Texas Ranch Gutted by Largest Wildfire in State History: Owners

    Most of a historic Texas ranch, on the market for $180 million, was badly burned by wildfires spreading across the Texas Panhandle, the owners said Thursday. In a statement, the owners of the ...

  28. American Airlines orders 85 Boeing 737 Max jets

    American Airlines purchased 260 planes - including a significant number of Boeing's largest 737 Max airplane - in an effort to boost its domestic and short-haul international network and ...

  29. Global online travel market size 2023

    Published by Statista Research Department , Aug 30, 2023. The market size of the online travel industry worldwide was expected to increase in 2023 over the previous year. As estimated, the global ...