Top 10 biggest travel company in the world

Leading online travel companies worldwide 2022, by market cap

With a market cap of approximately 78.2 billion U.S. dollars, Booking.com ranked first among the leading online travel companies worldwide as of December 2022. Competitors Airbnb, Trip.com, and Expedia followed on the list. Second-ranked Airbnb's market cap amounted to roughly 54.1 billion U.S. dollars.

Market cap of leading online travel companies worldwide as of December 2022 (in million U.S. dollars) [Graph], GP Bullhound, January 23, 2023. [Online]. Available: https://www.statista.com/statistics/1039616/leading-online-travel-companies-by-market-cap/

Booking Holdings Inc, Expedia Group Inc, Airbnb Inc, Trip.com Group Ltd, and Flight Centre Travel Group Ltd are the top 5 online travel intermediaries in the world in 2021 by revenue. Cumulatively, the top 10 online travel intermediaries in the world employed a total of 101,246 people in 2021. In terms of the geographical split, 4 out of the top 10 online travel intermediaries in the world are based in North America, 4 are based in Asia, and the remaining 2 are based in South America and Europe. The United States of America-based Booking Holdings Inc is one of the leading travel intermediaries in the world by revenue. The company reported revenues of $10,958 million with average revenue growth of 61.24% in the fiscal year ending 2021 (FY2021). The company offers various services including accommodation reservations, price comparison, rental car reservations, restaurant reservations, airline ticket booking, vacation packages, cruise booking, and travel reservations. The company operates in several countries across Europe, North America, South America, Africa, and Asia-Pacific regions, and employed 20,300 people. Expedia Group Inc is another leading travel intermediary in the world by revenue. The company reported revenues of $8,598 million with average revenue growth of 65.38% in the fiscal year ending 2021 (FY2021). It provides a wide range of services which includes booking of hotel rooms, airline seats, car rentals, and destination services through its travel suppliers. These services are offered under various brands including Expedia.com, Hotels.com, Vrbo, Orbitz, ebookers, CheapTickets, Hotwire, CarRentals .com, Travelocity, Expedia Partner Solutions, and Wotif Group. The company also carries out advertising and media business and travel management businesses and employed 14,800 people.

2021 was a year when large segments of leisure travel came roaring back from the Covid-19 lockdown. However, business travel lagged well behind leisure in the recovery.

So, what did that mean for Travel Weekly's 2022 Power List? A lot of fluctuation, some big swings, consolidation and innovative strategies for change and growth.

Here we present our annual ranking of the largest, most successful retailers in the travel industry, based on full-year 2021 sales.

Continue reading the introduction. Or click on any brand's logo below to jump straight into the 2022 Power List.

The annual Power List, an inventory of the world's biggest sellers of travel, has often served as a barometer for major events. One need only track the list over the three years of Covid to see how the industry was affected as a whole: stunned, then down, then back.

In our 2023 Power List, which measures full-year 2022 travel sales, we see that the overwhelming majority of travel agencies are reporting that business travel sales are on the comeback trail, complementing the leisure category, which burst back last year.

With sales numbers exploding, Travel Weekly restored the traditional $100 million global sales threshold for agencies for the first time since 2020. And the changes in the list from the last time the industry was quote-unquote normal, in 2019, is fascinating to see.

On the one hand, steadiness prevailed, with the top five companies retaining their order from last year.

On the other, the list is peppered with newcomers. More than a dozen travel entities entered the list this year at all levels, from multibillion-dollar roll-ups to $200 million agencies.

At 61 companies in total, this makes the 2023 Power List our biggest yet.

Continue reading the introduction. Or click on any brand's logo below to jump straight into the 2023 Power List.

Travel, while rewarding, can also be stressful. With so many options for flights, hotels, and rental cars, and so many variables that can quickly go wrong, it’s all too easy for a relaxing vacation or a productive business trip to quickly become harrowing and unnecessarily expensive.

Because of this, individual travelers and companies who require their employees to travel have been hiring experts to plan trips and handle unexpected hurdles for them for decades.

Now, thanks to the internet, travel companies have shifted to also providing tools for travelers to book their own trips with the same access, discounts, and assurance they’d receive if they hired an agent to do it all for them.

If you prefer to have someone do it all for you, though, many of these organizations still provide live service via their travel agents as well.

There are a number of these travel companies around the world, and in this article, you’ll find a list of the top ten ranked by sales revenue in 2019.

• Expedia Group. Seattle, Washington, U.S.A. 2019 Sales Revenue: $107.9 billion Founded in 1996, Expedia Group is an online travel company that uses its online platforms to help travelers find flights, hotels, and other travel services without having to hire a travel agent. It has three business segments through which it serves individual customers, creates partnerships with businesses, and generates advertising revenue. Expedia started out as a division of Microsoft. In 1996, Microsoft launched the website that is now Expedia.com as Microsoft Expedia Travel Services, one of the first online travel agencies. In 1999, Expedia was spun off into a public company. Today, Expedia Group has a number of products, including BedandBreakfast.com, CarRentals.com, Egencia, Expedia.com, Expedia Partner Solutions, trivago, Travelocity, and Vrbo.

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• Booking Holdings. Norwalk, Connecticut, U.S.A. 2019 Sales Revenue: $96.4 billion Formerly The Priceline Group, Booking Holdings was founded in 1997 with the launch of Priceline.com, an online travel website that used a bidding model for pricing. It then began to expand its portfolio by acquiring travel companies and changed its name to Booking Holdings in 2018. Today, Booking Holdings operates through six brands: Dutch startup Booking.com, the company’s original Priceline platform, Singapore-based accommodation booking program Agoda, car hiring platform Rentalcars.com, travel search engine Kayak, and restaurant reservation provider OpenTable. Through these brands, Booking Holdings operates in over 220 countries and in more than 40 languages, and it offers over 28 million accommodation listings, not to mention its service and transportation options.

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• American Express. Jersey City, New Jersey, U.S.A. 2019 Sales Revenue: $34.1 billion American Express Global Business Travel (referred to as GBT) is an organization that works with businesses to help them organize and manage their travel programs. GBT helps clients easily find the best deals, book flights, hotels, and meeting venues, manage the risk that comes with their travel programs, and support travelers as they go in case their flights get canceled, or they run into other snags. Even though GBT started as a part of American Express and has kept its name, the company is now a joint venture between American Express and several other investors. GBT operates in about 140 countries and employs around 12,000 people.

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• BCD Travel. Utrecht, Netherlands 2019 Sales Revenue: $27.5 billion Similar to GBT, BCD Travel offers travel consulting and management services to companies. BCD Travel operates in 109 countries and boasts a global client retention rate of 98%. Founded in 2006, BCD Travel was born when BCD Group, a privately owned travel company that owns BCD Travel, purchased and combined TQ3 Travel Solutions Management Holding GmbH, The Travel Company, and WorldTravel BTI. BCD Travel is based in Utrecht, Netherlands, but it also has its headquarter locations in Atlanta, London, and Singapore. It has one subsidiary, global meetings, and events agency called BCD Meetings and Events. In addition to BCD Travel, BCD Group also owns Park ‘N Fly and Airtrade.

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• Carlson Wagonlit Travel. Minneapolis, Minnesota, U.S.A. 2019 Sales Revenue: $24.8 billion Originally called Carlson Wagonlit Travel, CWT is a travel management company that was founded in 1994. It serves businesses by providing business travel, meeting, conference, exhibition, incentives, and event management services. These services are called CWT Energy, Resources and Marine, CWT Meetings and Events, CWTSatoTravel, CWT Solutions Group, and RoomIt by CWT. CWT has clients in about 145 countries and employs 15,000 people, the vast majority of whom are women. CWT also serves over 33% of the companies in the SP 500 and just under 33% of those in the FTSE 100.

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• Flight Centre. Montvale, New Jersey, U.S.A. 2019 Sales Revenue: $16 billion Flight Centre Travel Group is a travel agency that serves both leisure and corporate travelers. It was founded in 1982 in Sydney, Australia, and just 13 years later, the company opened locations in the U.K. and Canada. FCTG arrived in the Americas in 1995 when it opened up a Flight Centre store in Canada, and it expanded into the U.S. in 2008 when it acquired Liberty Travel and into Mexico in 2015 when it acquired Koch Overseas de Mexico. Now, FCTG brands in North America include FCM Travel Solutions, Corporate Traveler, Stage and Screen Travel Services, StudentUniverse, CIEVents, and 4th Dimension (4D) Business Travel Consulting.

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• Internova Travel Group. New York City, New York, U.S.A. 2019 Sales Revenue: $7.46 billion Internova Travel Group was founded in 2008 and owns a variety of travel companies and agencies in over 80 countries. Its main markets are the U.S., Canada, the U.K., and Mexico. Internova owns over 6,000 travel agencies and represents over 65,000 travel advisors. Internova’s services include luxury leisure and premium corporate travel products, hosting, franchising, and meetings and incentives advisory. Some of Internova’s brands include Travel Leaders Corporate, Altour, Travel Leaders Network, Protravel International, Travel Leaders Vacation Center, Tzell Travel Group, CruCon Cruise Outlet, Roadtrips, Nexion Travel Group, R. Crusoe and Son, In the Know Experiences, Your Event Solutions, and Cruise Specialists.
• American Express. New York City, New York, U.S.A. 2019 Sales Revenue: $6.93 billion American Express Travel is an online travel booking platform that allows customers to plan and book their vacations. Unlike the similarly named American Express Global Business Travel, it is a subsidiary of American Express Company. While you don’t have to have an American Express credit card to use these services, customers who have cards earn points on their purchases, and American Express Platinum cardholders avoid a variety of service fees and access bonuses such as vacation package discounts, dining credits, and room upgrades. American Express Travel also offers live travel agents available 24/7 to help customers with any travel snafus or questions they may have. American Express has been helping its customers travel from the beginning, as it created the Travelers Cheque in 1891 and helped its customers who were stranded abroad at the outbreak of WWI return home safely.

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• Direct Travel. Centennial, Colorado, U.S.A. 2019 Sales Revenue: $5.8 billion Direct Travel is a travel management company that focuses its efforts on middle-market customers. It offers corporate travel, meeting and event, and leisure travel services. Founded in 1980, Direct Travel has over 60 locations in the U.S. and Canada. Since its founding, the company has acquired several leisure travel companies, one of which, Satrom Travel and Tour, Inc., became Direct Travel Personalized Experiences in 2016. In 2017, Direct Travel grew its Canadian presence when it merged with major Canadian travel management company Vision Travel, Inc.

Fareportal. New York City, New York, U.S.A.

2019 Sales Revenue: $5.34 billion

While its services are travel-related, Fareportal is first and foremost a technology company. It has five travel brands that it powers through its software and flight booking technology.

Fareportal operates in North America, Europe, and Asia, offering online booking platforms for both leisure and corporate travelers, 24/7 trip booking services, and live travel agents available to help customers in a variety of locales and languages.

Fareportal partners with more than 600 airlines, one million hotels, and hundreds of car agencies to provide customers with the best options available.

Brands in the Fareportal family include Duke’s Court Travel, Ltd., Royal Scenic, Travelong, Fareportal Media Group, OneTravel, and CheapOair.

Who is the largest travel company in the world?

1. Booking Holdings. Booking Holdings, which is inclusive of brands such as Booking.com, Priceline, Agoda, Rentalcars.com, Kayak and OpenTable, held steady at number one this year, with 2022 sales topping $121 billion, up significantly from $76.6 billion in 2021.

What is the most valuable travel company?

Booking.com..

Priceline.com..

Kayak.com..

Rentalcars.com..

Agoda..

Who is the biggest travel in the world?

According to the results, the world's top 10 biggest travellers are:.

Finland. Finland is the most well-travelled country in the world, with the average Finn making 7.5 trips a year, including stays at home and abroad..

United States. ... .

Sweden. ... .

Denmark. ... .

Norway..

Who dominates the travel industry?

As previously mentioned, Booking Holdings and Expedia dominate the global OTA market, particularly in North America and Europe. They have succeeded in capturing maximum market share through a series of mergers and acquisitions making them essentially travel conglomerates.