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In this article, we will be covering the 20 largest travel companies in the world. If you want to skip our detailed analysis of the travel and tourism industry, you can go directly to 5 Largest Travel Companies In The World .

The travel and tourism sector plays a vital role in global economies. It creates jobs, fosters cultural exchange, and supports local businesses. It promotes understanding between nations while also contributing significantly to GDP growth. According to the World Travel & Tourism Council (WTTC), travel and tourism accounted for 7.6% of global GDP in 2022 while also creating 22 million new jobs around the world.

An Analysis of the Global Travel and Tourism Industry

The travel and tourism sector plays a crucial role in addressing societal and economic challenges. The industry is now thriving after being severely impacted during the peak of the COVID-19 crisis, which led to travel restrictions, cancellations, and a sharp decline in tourism activities. According to a report by Market Research Future, the global travel and tourism market reached a value of $648.03 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2032 and reach a value of more than $1.01 trillion by the end of the forecasted period. The North American region leads the global travel and tourism market, while Europe follows as the second-largest market. The Asia-Pacific region is anticipated to exhibit the fastest growth in the industry during the forecasted period.

The travel and tourism market is undergoing a digital transformation with online booking platforms, travel agencies, mobile apps, and online travel-related services driving growth by enhancing connectivity and providing convenient and personalized traveler experiences. The trend of cultural and experiential tourism, with travelers seeking authentic, immersive experiences, unique destinations, and local experiences, is also a key factor driving market growth. Moreover, the rise in disposable incomes, especially in emerging markets, is leading to increased tourism. More people have the means to explore domestic and international destinations. According to the World Travel & Tourism Council (WTTC), domestic visitor spending saw an increase of 20.4% in 2022. On the other hand, international visitor spending went up by 81.9% in 2022.

What are Some of the Biggest Companies in the Travel and Tourism Industry Up To?

Prominent companies in the travel and tourism industry are actively pursuing various strategies to expand their global presence and increase their profitability. Some of the most notable names are Marriott International Inc. (NYSE: MAR ), Hilton Worldwide Holdings Inc. (NYSE: HLT ), and Booking Holdings Inc. (NASDAQ: BKNG ).

Booking Holdings Inc. (NASDAQ:BKNG) is one of the world’s largest providers of online travel and related services. It provides online travel services in more than 220 countries through its brands which include Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Booking Holdings Inc. (NASDAQ:BKNG) is also one of the best travel stocks to buy . On February 22, Booking Holdings Inc. (NASDAQ:BKNG) reported strong earnings for the fiscal fourth quarter of 2023. The company reported earnings per share (EPS) of $32, surpassing EPS estimates by $1.95. The company’s revenue for the quarter grew by 18.15% year-over-year and amounted to $4.78 billion, ahead of market consensus by $73.37 million. Here are some comments from Booking Holdings Inc.’s (NASDAQ:BKNG) Q4 2023 earnings call:

“As we look to the year ahead, we see strong growth on the books for travel that’s scheduled to take place in 2024, which gives early indications of potentially another record summer travel season. As we’ve noted previously, a high percentage of these bookings are capable and what is on the books today for the summer period represents a small percentage of the total bookings that we expect to ultimately receive. David will provide further details on fourth quarter results and on our thoughts about the first quarter and full year 2024. Looking back at the full year of 2023, I am proud of our efforts to drive more benefits to our travelers and supply partners while also delivering record-setting industry-leading financial results. We reached a significant milestone last year with our customers’ booking an all-time high of over 1 billion room nights on our platform, which was an increase of 17% versus 2022.”

As the demand for travel and tourism continues to grow, companies operating in this space are launching new products, engaging in mergers and acquisitions, increasing investments, and forming contracts and collaborations. Marriott International Inc. (NYSE:MAR) is an American multinational hospitality company. It operates and franchises hotels and licenses vacation ownership resorts in more than 130 countries around the world. On March 7, Marriott International Inc. (NYSE:MAR) announced that it has entered into an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection. This new addition is set to become part of Autograph Collection Hotels by early 2025. Autograph Collection Hotels’ portfolio includes more than 300 independent properties in some of the most desirable locations around the world. Situated within a 28-story mixed-use complex featuring retail spaces on the lower floors, the new hotel is projected to have 820 guest rooms, an executive lounge, 3 unique dining venues, extensive event spaces spanning over 1,700 square meters, and various recreational facilities. Some of the guest rooms will boast stunning views of Victoria Harbour, while others will overlook the city or Victoria Park in Hong Kong.

On February 7, Hilton Worldwide Holdings Inc. (NYSE:HLT) announced an exclusive strategic partnership with Small Luxury Hotels of the World (SLH) that will introduce guests of Hilton Worldwide Holdings Inc. (NYSE:HLT) to a wide range of hotels in some of the most popular destinations around the world. This collaboration will significantly enhance Hilton Worldwide Holdings Inc.’s (NYSE:HLT) luxury offerings as unique SLH properties become part of the esteemed Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, and LXR Hotels & Resorts brands.

Now that we have discussed what’s going on in the global travel and tourism industry, let’s take a look at the 20 largest travel companies in the world.

A line of travellers queuing for a commercial flight, emphasizing the airport management operations.

Methodology

In this article, we have listed the 20 largest travel companies in the world. To find the top travel companies in the world, we sifted through various sources including industry reports, our own rankings in addition to rankings available on various websites, and consulted stock screeners from Yahoo Finance and Finviz. For companies that are publicly traded, we decided to rank them according to their market capitalization as of March 9. We used fiscal year revenues to rank the companies that are not publicly traded. For foreign companies, we converted the market caps and revenues to US dollars according to their respective exchange rates, as of March 9. Finally, we narrowed down our selection to rank the 20 largest travel companies in the world based on their market capitalization and revenues, which are listed below in ascending order.

20. Host Hotels & Resorts Inc. ( NYSE: HST )

Market Capitalization: $14.9 Billion

Host Hotels & Resorts Inc. (NYSE:HST) is a major American lodging real estate investment trust (REIT) that invests in hotels. It owns a diverse portfolio of luxury and upper-upscale hotels. Host Hotels & Resorts Inc. (NYSE:HST) has a market capitalization of $14.9 billion as of March 9, 2024.

19. Hyatt Hotels Corporation ( NYSE: H )

Market Capitalization: $16.12 Billion

Hyatt Hotels Corporation (NYSE:H) is an American multinational hospitality company. As one of the world’s top hospitality companies, it manages and franchises luxury and business hotels, resorts, and vacation properties in more than 70 countries across 6 continents. As of March 9, 2024, Hyatt Hotels Corporation (NYSE:H) has a market capitalization of $16.12 billion.

18. InterContinental Hotels Group PLC ( NYSE: IHG )

Market Capitalization: $17.4 Billion

InterContinental Hotels Group PLC (NYSE:IHG) is a British multinational hospitality company. With more than 6,000 hotels in over 100 countries, it is one of the world’s leading hotel companies. InterContinental Hotels Group PLC (NYSE:IHG) has a market capitalization of $17.4 billion as of March 9, 2024. It ranks 18th on our list of the 20 biggest travel companies in the world.

17. Expedia Group Inc. ( NASDAQ: EXPE )

Market Capitalization: $18.5 Billion

Expedia Group Inc. (NASDAQ:EXPE) is an American travel technology company. As one of the top travel agencies in the world, it owns and operates various brands including Expedia, Hotels.com, CarRentals.com, Vrbo, Travelocity, Trivago, Orbitz, Ebookers, CheapTickets, and Expedia Cruises. As of March 9, 2024, Expedia Group Inc. (NASDAQ:EXPE) has a market capitalization of $18.5 billion.

16. Southwest Airlines Co. ( NYSE: LUV )

Market Capitalization: $20.44 Billion

Southwest Airlines Co. (NYSE:LUV) is an American airline company. It offers low-cost air travel service with frequent flights of mostly short routes. As one of the biggest travel companies in the world, Southwest Airlines Co. (NYSE:LUV) has a market capitalization of $20.44 billion as of March 9, 2024.

15. Qatar Airways Group

Revenue: $21 Billion

Qatar Airways Group is the flag carrier of Qatar. Owned by the Government of Qatar, it is one of the world’s top airlines and it currently flies to over 170 international destinations. Qatar Airways Group generated an annual revenue of $21 billion in the year 2022-2023. It ranks among the top 15 on our list of the 20 largest travel companies in the world.

14. Carnival Corporation & plc (NYSE: CCL )

Market Capitalization: $21.38 Billion

Carnival Corporation & plc (NYSE:CCL) is a British-American cruise operator. As one of the world's largest leisure travel companies, it owns some of the most well-known cruise line brands in North America, the United Kingdom, Germany, Italy, and Australia. Carnival Corporation & plc (NYSE:CCL) has a market capitalization of $21.38 billion as of March 9, 2024.

13. Galaxy Entertainment Group Limited (SEHK:0027)

Market Capitalization: $21.83 Billion

Galaxy Entertainment Group Limited (SEHK:0027) is one of Asia’s top developers and operators of integrated entertainment and resort facilities. It owns and operates a broad portfolio of integrated resort, retail, dining, hotel, and gaming facilities in Macau. As one of the top travel companies in the world, Galaxy Entertainment Group Limited (SEHK:0027) has a market capitalization of $21.83 billion as of March 9, 2024.

12. Delta Air Lines Inc. ( NYSE: DAL )

Market Capitalization: $27.17 Billion

Delta Air Lines Inc. (NYSE:DAL) is one of America’s major airlines. It is also one of the world’s largest airlines by number of passengers carried. As one of the top travel companies in the world, Delta Air Lines Inc. (NYSE:DAL) has a market capitalization of $27.17 billion as of March 9, 2024.

11. Amadeus IT Group S.A. (BME:AMS)

Market Capitalization: $27.31 Billion

Amadeus IT Group S.A. (BME:AMS) is a Spanish multinational technology company that develops technology and software for airlines, travel agencies, hotels, payment providers, and other travel-related businesses to enhance their operations and customer experiences. With a presence in more than 190 countries, the company provides software solutions for the global travel and tourism industry. As of March 9, 2024, Amadeus IT Group S.A. (BME:AMS) has a market capitalization of $27.31 billion.

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

Market Capitalization: $28.27 Billion

Trip.com Group Limited (NASDAQ:TCOM) is a multinational travel service company that ranks among the top 10 on our list of the largest travel companies in the world. It owns and operates several travel agencies and travel fare aggregators including Ctrip, Qunar, Trip.com and Skyscanner. As of March 9, 2024, Trip.com Group Limited (NASDAQ:TCOM) has a market capitalization of $28.27 billion.

9. Ryanair Holdings plc ( NASDAQ: RYAAY )

Market Capitalization: $32.3 Billion

Ryanair Holdings plc (NASDAQ:RYAAY) is an Irish airline company. As one of Europe's largest airline groups, it is the parent company of Ryanair, Ryanair UK, Buzz, Lauda, and Malta Air. With a market capitalization of $32.3 billion as of March 9, 2024, Ryanair Holdings plc (NASDAQ:RYAAY) ranks 9th on our list of the 20 largest travel companies in the world.

8. Emirates Group

Revenue: $32.6 Billion

Emirates Group is Dubai’s state-owned international aviation holding company. It owns Dubai National Air Travel Agency (dnata), an airport and ground services company, and Emirates Airline, one of the largest airlines in the Middle East. Emirates Group generated an annual revenue of $32.6 billion in the year 2022-2023.

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

Market Capitalization: $32.71 Billion

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a global cruise holding company that owns and operates cruise brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As one of the world’s largest cruise line operators, Royal Caribbean Cruises Ltd. (NYSE:RCL) has a global fleet of 65 ships traveling to around 1,000 destinations around the world. The company has a market capitalization of $32.71 billion as of March 9, 2024.

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

Market Capitalization: $38.81 Billion

Las Vegas Sands Corp. (NYSE:LVS) is an American casino and resort company that owns and operates integrated resorts in Macao and Singapore. As a driver of valuable leisure and business tourism, it is one of the world’s largest hotel and casino companies. With a market capitalization of $38.81 billion as of March 9, 2024, Las Vegas Sands Corp. (NYSE:LVS) ranks 6th on our list of the 20 largest travel companies in the world.

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10 best travel management companies in the USA

Top corporate travel management companies in the usa, 1. travelperk.

• 24/7 traveler support : TravelPerk’s support agents are on-hand to provide support in target 15 second response time.
• Industry-leading travel inventory: ensures you're accessing highly competitive rates in the market.
• FlexiPerk : allows you to book flexible travel that ensures 80% of your money back when canceling up to two hours in advance.
• Real-time expense reports : give you greater insights into your travel spending.
• GreenPerk : enables you to offset the carbon footprint of your corporate travel by investing in sustainable initiatives.
• Centralized invoicing : to ensure the finance team has everything in one place for easy budget management.
• TravelCare : helps ensure your traveling employees are safe when traveling, and up to date with any travel restrictions or issues.
• G2 rating : 4.6 / 5 stars, based on 1,417 reviews
• Capterra rating : 4.8 / 5 stars, based on 375 reviews

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2. sap concur.

• Works with some of the biggest brands
• Easy tracking and reporting for expense management 
• Many connected apps, such as Uber and Airbnb
• G2 rating : 4 / 5 stars, based on 5,685 reviews
• Capterra rating : 4.3 / 5 stars, based on 1,746 reviews

Reasons why SAP Concur customers have moved to TravelPerk in the past year

• Incredible UX to provide a high-quality experience
• More and better access to international travel options
• VAT recovery: enables you to save 20% on all business travel costs 

Click below for a more detailed comparison between both platforms:

• VAT recovery and reimbursement
• Duty of care and risk management
• Inventory based on Expedia Groups’ well-known brands
• G2 rating : 4.4 / 5, based on 65,746 reviews
• Capterra rating : 3.9 / 5, based on 5,149 reviews

Reasons why Egencia customers have moved to TravelPerk in the past year:

• Freemium model, simple pricing, and no minimum contract
• No extra cost for customer care or implementation
• No extra monthly fees or hidden charges
• FlexiPerk : Book any type of travel—flight, hotel, car, or train—and cancel at any time

4. AMEX GBT

• Risk alerts and direct communication during disruption
• Pre-negotiated rates and 2 million options in accommodation
• Cooperation to maximize the value and efficiency of your travel program
• G2 rating : 4.7 / 5 stars, based on 86 reviews
• Capterra rating : no data available

Reasons why AMEX GBT customers have moved to TravelPerk in the past year:

• A huge travel inventory (with particularly wide coverage in Europe), including air, hotels, rail, and more
• Customer care operating at a target 15-second response time 
• FlexiPerk: enabling cancellations at any time with 80% of your money back
• TravelSafe: delivering you verified, up-to-date, safety information

5. BCD Travel

• A software suite of three separate platforms for businesses to manage travel arrangements
• Access to APIs to integrate with the platform to meet unique business needs
• Solutions for SMEs
• G2 rating : no data available

Reasons why BCD Travel customers have moved to TravelPerk in the past year:

• 7- star customer service : including a target 15-second response time, available 24/7 and 365 days of the year, and not a bot in sight. 
• Flexible corporate travel bookings with FlexiPerk
• Slick UI and easy-to-use booking tool

6. TravelBank

• All-in-one platform that includes travel data, travel expenses, and travel management services
• User-friendly platform
• Supports thousands of corporate and personal cards
• G2 rating : 4.4 / 5 stars, based on 333,291 reviews
• Capterra rating : 4.7 / 5 stars, based on 225,169 reviews

Reasons why TravelBank customers have moved to TravelPerk in the past year:

• Top-notch, in-house support 
• A larger inventory, meaning better rates, and booking options when you need them
• A faster pace of development, constantly using feedback to improve functionality
• TravelSafe : delivering reliable and verified traveler safety information
• Accessible web and mobile app with over 2.5 million downloads
• Specialist services for industries such as pharma and biotech, media and entertainment, and energy and resources
• High-quality risk management
• G2 rating : 3.1 / 5 stars, based on 7 reviews

Reasons why CWT customers have moved to TravelPerk in the past year:

• Flexible corporate travel booking process with FlexiPerk

8. FCM Travel

• Strong global presence with business hubs in major international cities
• Personalized user experience 
• Use of innovation when it comes to flexible and sustainable travel options 
• G2 rating : 3.8 / 5 stars, based on 6 reviews

Reasons why FCM Travel customers have moved to TravelPerk in the past year:

• An intuitive platform with dozens of third-party integration options
• 24/7 customer service, delivered within a target 15-second response time 
• Guest account option for members booking outside your organization

9. CTM Travel

• Airfare forecasting
• Real-time travel risk management 
• Global team of travel agents
• G2 rating : 1.8 / 5 stars, based on 2 reviews

Reasons why CTM customers have moved to TravelPerk in the past year:

• Leading support in target 15-second response time
• An industry-leading travel inventory 
• An intuitive, accessible app to access trip itineraries, and more.

• Online booking tool 
• Group travel management 
• Travel program design 
• G2 rating: 4.7, based on 7,571 reviews
• Capterra rating: 4.6, based on 174 reviews

Reasons why Navan customers have moved to TravelPerk in the past year:

• A much larger global travel inventory — including rail travel across the EMEA region — ensuring access to competitive negotiated rates
• User-friendly self-service booking platform  
• With TravelPerk, you have the freedom to choose your own expense management tool that integrates seamlessly with the platform; with Navan, you’re tied into using their proprietary tool 
• 100% transparency on fees: Only pay for travel when you travel

Wrapping up

Manage business travel like a pro. Step up your travel management game today.

Make business travel simpler. Forever.

• See our platform in action . Trusted by thousands of companies worldwide, TravelPerk makes business travel simpler to manage with more flexibility, full control of spending with easy reporting, and options to offset your carbon footprint.
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10 Largest Travel Companies In The World

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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 Jobs ( Overview )

Booking Holdings Jobs ( Overview )

American Express Jobs ( Overview )

BCD Travel Jobs ( Overview )

Carlson Wagonlit Travel Jobs ( Overview )

Flight Centre Jobs ( Overview )

Fareportal Jobs ( Overview )

10 Largest Travel Companies in the World

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.

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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.

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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.

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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.

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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.

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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.

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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.

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.

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.

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.

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Abby is a writer who is passionate about the power of story. Whether it’s communicating complicated topics in a clear way or helping readers connect with another person or place from the comfort of their couch. Abby attended Oral Roberts University in Tulsa, Oklahoma, where she earned a degree in writing with concentrations in journalism and business.

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• Leading travel companies worldwide 2022, by sales

Travel agencies worldwide

Travel management, leading travel companies worldwide in 2022, by gross sales (in billion u.s. dollars).

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¹ Booking Holdings and Expedia Group did not take part in the survey provided by the source. Data came from the groups' public financial reports. ² Estimate. Figures refer to global gross sales of travel products. The source only included companies generating at least 100 million U.S. dollars in travel sales, with a minimum of 15 percent of the sales volume in the United States. The companies also had to be the agent of record on the transaction from a supplier's perspective.

Other statistics on the topic Travel agency industry

• Revenue of Expedia Group, Inc. worldwide 2007-2023
• Revenue of Royal Caribbean Cruises worldwide 1988-2023
• Turnover of Hays Travel Limited in the UK 2008-2023
• Key information on the global travel agency industry January 2024

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Statistics on " Travel companies "

• Market size of the tourism sector worldwide 2011-2024
• Online travel market size worldwide 2017-2028
• Market cap of leading online travel companies worldwide 2023
• Number of employees at leading travel companies worldwide 2022
• Revenue of leading OTAs worldwide 2019-2022
• Marketing expenses of leading OTAs worldwide 2019-2022
• Marketing/revenue ratio of leading OTAs worldwide 2019-2022
• Revenue of Booking Holdings worldwide 2007-2023
• Airbnb revenue worldwide 2017-2023
• Total revenue of Trip.com Group 2012-2022
• Revenue of Tripadvisor worldwide 2008-2023
• Most popular travel and tourism websites worldwide 2024
• Total visits to travel and tourism website booking.com worldwide 2021-2024
• Total visits to travel and tourism website tripadvisor.com worldwide 2020-2024
• ACSI - U.S. customer satisfaction with online travel websites as of 2023
• Number of aggregated downloads of leading online travel agency apps worldwide 2023
• Number of aggregated downloads of leading online travel agency apps in the U.S. 2023
• Leading travel apps in the U.S. 2022, by market share
• Leading travel apps in Europe 2022, by market share
• U.S. travel agency industry market size 2012-2022
• U.S. tour operator industry market size 2012-2022
• Revenue of TUI AG worldwide 2004-2023
• Leading travel agents ranked by number of outlets in the UK 2024
• Leading ATOL-licensed tour operators in the UK 2024, by passengers licensed
• Worldwide cruise company market share 2022
• Revenue of Carnival Corporation & plc worldwide 2008-2023
• Revenue of Norwegian Cruise Line worldwide 2011-2023
• TUI cruise brand revenue worldwide 2015-2023, by brand
• Percentage change in revenue of leading cruise companies worldwide 2020-2023

Other statistics that may interest you Travel companies

Industry overview

• Premium Statistic Market size of the tourism sector worldwide 2011-2024
• Premium Statistic Online travel market size worldwide 2017-2028
• Premium Statistic Key information on the global travel agency industry January 2024
• Basic Statistic Market cap of leading online travel companies worldwide 2023
• Premium Statistic Leading travel companies worldwide 2022, by sales
• Premium Statistic Number of employees at leading travel companies worldwide 2022

Online travel agencies (OTAs)

• Premium Statistic Revenue of leading OTAs worldwide 2019-2022
• Premium Statistic Marketing expenses of leading OTAs worldwide 2019-2022
• Premium Statistic Marketing/revenue ratio of leading OTAs worldwide 2019-2022
• Basic Statistic Revenue of Booking Holdings worldwide 2007-2023
• Premium Statistic Revenue of Expedia Group, Inc. worldwide 2007-2023
• Premium Statistic Airbnb revenue worldwide 2017-2023
• Premium Statistic Total revenue of Trip.com Group 2012-2022
• Premium Statistic Revenue of Tripadvisor worldwide 2008-2023

Travel websites and apps

• Premium Statistic Most popular travel and tourism websites worldwide 2024
• Premium Statistic Total visits to travel and tourism website booking.com worldwide 2021-2024
• Premium Statistic Total visits to travel and tourism website tripadvisor.com worldwide 2020-2024
• Premium Statistic ACSI - U.S. customer satisfaction with online travel websites as of 2023
• Premium Statistic Number of aggregated downloads of leading online travel agency apps worldwide 2023
• Premium Statistic Number of aggregated downloads of leading online travel agency apps in the U.S. 2023
• Premium Statistic Leading travel apps in the U.S. 2022, by market share
• Premium Statistic Leading travel apps in Europe 2022, by market share

Travel agencies and tour operators

• Premium Statistic U.S. travel agency industry market size 2012-2022
• Premium Statistic U.S. tour operator industry market size 2012-2022
• Premium Statistic Revenue of TUI AG worldwide 2004-2023
• Premium Statistic Leading travel agents ranked by number of outlets in the UK 2024
• Premium Statistic Leading ATOL-licensed tour operators in the UK 2024, by passengers licensed
• Premium Statistic Turnover of Hays Travel Limited in the UK 2008-2023

Cruise companies

• Premium Statistic Worldwide cruise company market share 2022
• Premium Statistic Revenue of Carnival Corporation & plc worldwide 2008-2023
• Premium Statistic Revenue of Royal Caribbean Cruises worldwide 1988-2023
• Premium Statistic Revenue of Norwegian Cruise Line worldwide 2011-2023
• Premium Statistic TUI cruise brand revenue worldwide 2015-2023, by brand
• Premium Statistic Percentage change in revenue of leading cruise companies worldwide 2020-2023

Further related statistics

• Premium Statistic Sales performance of corporate agencies in the U.S. in 2014 vs. 2013, by segment
• Premium Statistic Revenue of traditional travel agents in the U.S. in 2012, by product type
• Premium Statistic Average annual sales per fulltime frontline travel agent 2014, by agency type
• Premium Statistic Sales performance in travel agencies in the U.S. in 2014 compared to 2013, by segment
• Premium Statistic Decrease in sales of traditional travel agents in the U.S. from 2008 to 2012
• Premium Statistic U.S. travel agencies share of sales by travel segment 2014, by agency type
• Premium Statistic Sales performance of U.S. independent travel agents in 2014 vs. 2013, by segment
• Basic Statistic Home-based travel agents reporting a decrease in sales in the U.S. from 2008 to 2017
• Basic Statistic Travel agents change in sales in the U.S. 2008-2017
• Premium Statistic Sales performance of retail leisure agencies in the U.S. in 2014 vs. 2013, by segment
• Premium Statistic Change in total sales of traditional travel agents in the U.S. in H1 2013 vs. 2012
• Premium Statistic Change in total sales of home-based travel agents in the U.S. in H1 2013 vs. 2012
• Basic Statistic Travel agents reporting a decrease in sales in the U.S. from 2008 to 2017
• Basic Statistic Revenue distribution of home-based travel agents in the U.S. in 2013, by product type
• Premium Statistic Tuniu's gross profit 2014-2022
• Premium Statistic Travel agents and tour operators: number of employees in Croatia 2010-2016
• Premium Statistic Brazil: favorite channels to look for travel options 2020, by service type
• Premium Statistic Industry revenue of “other reservation service and related activities“ in Poland 2012-2025

Further Content: You might find this interesting as well

• Sales performance of corporate agencies in the U.S. in 2014 vs. 2013, by segment
• Revenue of traditional travel agents in the U.S. in 2012, by product type
• Average annual sales per fulltime frontline travel agent 2014, by agency type
• Sales performance in travel agencies in the U.S. in 2014 compared to 2013, by segment
• Decrease in sales of traditional travel agents in the U.S. from 2008 to 2012
• U.S. travel agencies share of sales by travel segment 2014, by agency type
• Sales performance of U.S. independent travel agents in 2014 vs. 2013, by segment
• Home-based travel agents reporting a decrease in sales in the U.S. from 2008 to 2017
• Travel agents change in sales in the U.S. 2008-2017
• Sales performance of retail leisure agencies in the U.S. in 2014 vs. 2013, by segment
• Change in total sales of traditional travel agents in the U.S. in H1 2013 vs. 2012
• Change in total sales of home-based travel agents in the U.S. in H1 2013 vs. 2012
• Travel agents reporting a decrease in sales in the U.S. from 2008 to 2017
• Revenue distribution of home-based travel agents in the U.S. in 2013, by product type
• Tuniu's gross profit 2014-2022
• Travel agents and tour operators: number of employees in Croatia 2010-2016
• Brazil: favorite channels to look for travel options 2020, by service type
• Industry revenue of “other reservation service and related activities“ in Poland 2012-2025

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A Business-to-Business-for-Employees (B2B4E) travel management platform

At CWT we focus on B2B4E, short for "business to business for employees." We make it our mission to bring the best customer experience to you and your employees. With our long history in travel we understand travelers and are continuously innovating our processes and tools to improve business travelers' experiences.

CWT Meetings & Events  (M&E) is our award-winning global corporate meetings & events management service. CWT M&E delivers comprehensive live, virtual and hybrid program solutions for thousands of customers every year.  

We hold ourselves and everyone we work with to the highest standards of ethics and conduct . Our Environmental, Social and Governance (ESG) approach resulted in 3 gold and 2 platinum EcoVadis awards for 5 consecutive years.

Committed professionals who love to help

Meet the people who power CWT

What does it take to deliver the personalized service you need when you book your business trip? Get to know the people who continue to deliver on CWT's promise of simplifying travel. From those working on our anytime, anywhere, anyhow consumer-grade travel platform to the team organizing high-performing events. Our employees are here to help connect people and help businesses succeed.

3 promises that guide everything we do

Our mission

Read about our 3 brand promises

Milestones in our journey as an industry leader

Our history

Our journey started in 1872 when the Belgian innovator Georges Nagelmackers started the company Wagons-Lits. Discover the milestones that lead to becoming one of world's largest travel management companies (TMC's).

CWT at a glance

Key facts and figures

Companies and governments rely on us to keep their travelers connected with a consumer-grade travel experience, combining innovative technology with our vast experience.

How we've chosen to conduct ourselves at CWT

Ethics and compliance

At CWT we hold ourselves and everyone we work with to the highest standards of ethics and conduct. This commitment to our employees, clients, suppliers, and other partners guides everything we do.

Come build a world-leading travel management platform

CWT Careers

We actively look for the sort of people who bring a positive attitude to work with them. It’s reflected in the atmosphere in our offices and contact centers, and the dynamic between colleagues. Our people want to be here, and it shows.

In everything we do, we seek to be performance-driven, innovative, empowered and customer-focused. These four attributes form the foundations of CWT culture and they shape the daily experiences of our employees, as well as those of our clients and travelers.

CWT careers website

How we act to be socially and environmentally responsible

Environmental, Social and Governance (ESG) at CWT

CWT is deeply committed to sustainability/corporate social responsibility (CSR), which we call Environmental, Social and Governance (ESG). It is important to us that our strategy focuses on the areas of most importance to CWT and our stakeholders. To understand their views, we engage with our employees, customers and suppliers on a regular basis and consider their feedback when deciding on the issues and opportunities to address and report on.

Making sure our workspace, tools and online presence are accessible for everyone

Accessibility

To achieve CWT’s commitments in the important area of accessibility, CWT works with various independent agencies to assess and verify CWT’s Platform on an ongoing basis.

Read our Accessibility statement

Get in touch to find out more about CWT

Traveler help

Help me manage my travel

Careers at CWT

Explore career opportunities

Careers @ CWT

Learn more about travel management

Contact CWT

Learn more about our travel management offering

Travelers: manage your travel here . The below form is for inquiries about our corporate travel management offering.

To reach out to CWT to learn more and also receive communications (email or phone) on our products and services, please complete the form below. You can unsubscribe at any point in the future from our mailing list using the ‘unsubscribe’ link on any of our emails.

Thank you for your interest in CWT, we will contact you soon.

Thank you for your interest in CWT. Unfortunately, CWT cannot offer services in your home country at this time. Your contact request has not been submitted.

With kind regards,

ALTOUR is one of the largest travel management companies in the United States and globally. Serving the corporate and leisure luxury and mid-markets and entertainment community, ALTOUR has over 43 offices and more than 690 travel professionals worldwide. In addition to travel management services, ALTOUR companies include ALTOUR Air, ALTOUR Leisure, ALTOUR Entertainment, ALTOUR Meetings and Incentives and the ALTOUR Global Network. ALTOUR is ranked among the largest travel agencies in the UK by Buying Business Travel and The Los Angeles Business Journal ranks ALTOUR as the #1 travel agency in Los Angeles County. ALTOUR has also been consistently named to the “ CMI 25 ” listing as one of the largest and most influential meetings and incentives companies by MeetingsNet .

Business travel focus – unparalleled expertise.

A global network to increase your worldwide efficiency. Negotiated supplier discounts to reduce your costs. Travel Policy consultation and Budget Management to impact your bottom-line results. Personalized service to simplify your journey.

Travel is personal

We’ll take the time to get to know you, so we can determine what you want — and determine the best way to make it happen. ALTOUR professionals draw on years of experience to give you the expert advice you deserve.

Best of both worlds – the ALTOUR advantage

High volume with client focus. Global presence with local accountability. Concierge service with competitive pricing. The latest technology with depth of experience. Industry knowledge with creativity. You deserve the best of both worlds.

Concierge service at your finger tips

Restaurant reservations, premium car service or even a private jet – responsive concierge service for your demanding lifestyle is only a call, email or text away.

Our offices

1270 Avenue of the Americas, New York, NY 10020

Los Angeles

10635 Santa Monica Blvd Ste 200, Los Angeles, CA 90025

1st Floor, 101 St Martin's Ln, London WC2N 4AZ, United Kingdom

30 boulevard Haussmann 75009 Paris

5124 Poplar Ave. Memphis, TN 38117

ALTOUR - Milne Bangor

193 Broad St. Ste. 2 Bangor, ME 04401

ALTOUR - Milne Barre

325 North Main St. Barre, VT 05641

ALTOUR - Milne Manchester

545 Hooksett Rd., Maple Tree Mall Manchester, NH 03104

ALTOUR - Milne Middlebury

15 Washington St. Middlebury, VT 05753

ALTOUR - Milne South Burlington

40 Patchen Rd. South Burlington, VT 05403

ALTOUR - Milne W. Lebanon

24 Airport Rd. West Lebanon, NH 03784

ALTOUR Reading

Queens Wharf 47 Queens Rd. Reading, England RG1 4QE

3384 Peachtree Rd. NE, Ste. 150 Atlanta, GA 30326

23 Old Country Road Carle Place, NY 11514 - Foreign Currency Sold Here

300 South Jackson Street., Ste. 410 Denver, CO 80209

4175 S. Riley St., Ste. 201 Las Vegas, NV 89147

1st Floor, Eastcheap Court, 11 Philpot Lane, London, EC3M 8BA

1270 Avenue of the Americas 15th Floor New York, NY 10020

240 Newport Center Dr., Ste. 116 Newport, CA 92660

1600 West 16th St., Store T 19-20 Oakbrook, IL 60523 - Foreign Currency Sold Here

West 115 Century Rd., Ste. 330 Paramus, NJ 07652

Park View Travel

9440 S. Santa Monica Blvd. Ste 600 Beverly Hills, CA 90210

Platinum Travel

9432 Shelbyville Road, Louisville KY 40222

TTA - Main Office

4801 Olympia Park Plaza, Suite 4000, Louisville, Kentucky

TTA Canyon Creek Travel

333 W. Campbell Road Richardson, TX 75080

12525 Old Meridian Street, Ste 120 Carmel, IN 46032

TTA Cleveland

1468 West 9th Street Suite 100, Cleveland OH 44113

TTA Farragut

11529 Kingston Pike Farragut, TN 37934

TTA Highlands

2525 Bardstown Rd. Louisville, KY 40205

TTA Lafayette

840 Main St. Lafayette, IN 47901

TTA Lakeville

27850 Kenwood Trail Suite 211 Lakeville, MN 55044

TTA Lexington

165 Moore Dr., Ste. 165 Lexington, KY 40503

TTA Louisville

9432 Shelbyville Road Louisville, KY 40222

TTA Mandarin

2970 Hartley Rd., Ste. 100 Jacksonville, FL 32257

Travel Square One

1777 S. Harrison St., Ste. 1005 Denver, CO 80210

Travelmaster, LLC.

12100 West Olympic Blvd., Ste. 300 Los Angeles, CA 90064

Westfield Valencia Town Center 24300 Town Center Dr. Valencia, CA 91355

310 West Center St. Visalia, CA 93291

100 Crossways Park Dr. West Suite 201 Woodbury, NY 11797

Woodland Hills

21800 Burbank Blvd., Ste. 120 Woodland Hills, CA 91367

Press and accolades

ALTOUR Meetings & Incentives Named to 10th Annual MeetingsNet CMI 25 List

Largest member of American Express’s Travel Representative Network

Travel Weekly 2014 & 2015 Travel Management Company (TMC) Power List

Best Places to Work in Los Angeles since 2009 by Los Angeles Business Journal

ALTOUR ranked largest travel agency in Los Angeles County in 2015 by the Los Angeles Business

CMI 25 by Meetings Net, 2014

Ranked #21 largest private company Los Angeles Business Journal, 2014

Ranked among the largest travel agencies in the UK by Buying Business Travel, 2014

ALTOUR was honored as the Gold Winner in the 2014 Travel Weekly Magellan Awards for our website

Travel + Leisure 2014’s A- List

Condé Nast Traveler- Top Travel Specialists, 2013

Travel Leaders Group and ALTOUR Announce Merger

ALTOUR Announces Business Partnership with Milne Travel

ALTOUR Announces Partnership with Top Flight Travel Management in the UK

Corporate Travel Industry Trending Towards Biggest Shift in Procurement Process in Two Decades

Travel Industry Demands Change: New Whitepaper Finds Travel Managers Are Tired of ‘Buying like its 1995’

Travel Leaders Corporate and ALTOUR Align to Form One Powerful Business Travel Brand Using the Name ALTOUR

You've met the rest, now speak with the best.

Sign up for our newsletter.

By submitting your email, you are agreeing to receive ALTOUR’s newsletter.  You can unsubscribe at any time. Please read our Privacy Policy to learn more on how we protect you and your data.

London design agency, Boldly studio.

10 Largest 2021 Travel Acquisitions Ripple Across Industry

Dennis Schaal , Skift

December 27th, 2021 at 2:30 AM EST

Big names drove many of the top 10 travel mergers of the year. But among the largest deals, aircraft lessors, rail manufacturers and an online travel agency used the pandemic to scoop up infrastructure and technology to shore up their positions.

Dennis Schaal

Pandemic opportunities fueled much of the mergers-and-acquisitions activity in travel this year, as buyers pounced on favorable valuations and sectors set for strong recoveries.

Among the top 10 deals were three that involved infrastructure or services for planes and trains, and the dealmakers were companies that your average traveler never heard of.

The biggest such deal saw Dublin-based AerCap, already the largest aircraft lessor in the world, acquiring a U.S.-based rival, GE Capital Aviation Services , for $30.7 billion in November. That deal, which saw GE grabbing $23 million in cash and a 46 percent stake in the merged companies in a bet on an aviation recovery, was roughly five times larger than the number two acquisition of the year.

In that second-biggest acquisition, France-headquartered Alstom bought UK-based Bombardier Transportation, a rail car manufacturer, in a $6.2 billion (euro 5.5 billion) deal that closed in January 2021.

lnterestingly, both sellers General Electric in the AerCap deal, and Bombardier, then-parent of Bombardier Transportation, in the transaction with Alstom, viewed the transactions as enabling them to return to their core businesses, an energy equipment and services provider for GE, and business jets for Bombardier.

The third infrastructure-services deal was the 10th biggest travel-related acquisition with Siemens Mobility acquiring rail software maker Squills for $650 million.

See the chart below to view the top 10 deals.

Hotels and real estate were in play as Blackstone and Starwood Capital executed the third largest travel-related acquisition of the year and took control of Extended Stay America for $6 billion. One might characterize Extended Stay America as a merger and acquisition football — When the deal closed in June, it was the third time Blackstone has been owner of Extended Stay America.

In another major hotel deal, the fifth largest travel acquisition of the year, Hyatt bought Apple Leisure Group for $2.7 billion in November, extending Chicago-based Hyatt’s reach further into Europe and the all-inclusive sector.

The fourth largest deal of the year had Certares, Knighthead and Apollo winning an auction to lead U.S.-based Hertz out of bankruptcy in a roughly $4.7 billion deal.

The sixth-largest travel acquistion announced or closed in 2021 was the only Asia entry with Tata Group intending to take Air India private for $2.4 billion.

It wasn’t a particularly active mergers and acquisitions year for online travel agencies, but one, Booking Holdings, announced late in the year two billion-dollar-plus acquisitions, Swedish flight-tech provider Etraveli Group for $1.8 billion (seventh-largest deal) and hotel wholesaler and distributor Getaroom for $1.2 billion (eighth largest).

Expedia Group was a seller. The online travel agency sold its once-rising star Egencia , the corporate travel agency, to American Express Global Business Travel for a 14 percent stake in the world’s largest travel management company, worth about $750 million, and a long-term hotel distribution deal. That was the ninth-largest travel acquisition of the year.

We didn’t consider special-purpose acquisition company deals in our top 10 because they are transactions executed by shell companies with no operations. If we had included them, then Altimeter Capital Growth 1’s merger with Singapore’s Grab, the ride sharing and food delivery superapp, would have been in the mix in a $4 billion transaction.

Travel’s 10 Biggest Merger and Acquisition Deals of 2021

Source: Skift, financial filings

The Daily Newsletter

Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.

Have a confidential tip for Skift? Get in touch

Tags: Blackstone Group , booking holdings , corporate travel , expedia , extended stay america , grab , hotels , hyatt , online travel agencies

Photo credit: Pictured is an AerCap a320neo. The aircraft lessor participated in the largest travel acquisition of 2021.

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