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20 largest travel companies in the world.

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.

Click to continue reading and see 5 Largest Travel Companies In The World .

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Disclosure: None. 20 Largest Travel Companies In The World is published on Insider Monkey.

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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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• Market cap of leading online travel companies worldwide 2023

As of September 2023, Booking Holdings was the online travel company with the highest market cap worldwide. As of that month, Booking Holdings - the leading online travel agency (OTA) worldwide by revenue - recorded a market cap of roughly 112.8 billion U.S. dollars. Airbnb and the Trip.com Group followed in the ranking, with a market cap of around 91.1 and 23.2 billion U.S. dollars, respectively.

Market cap of leading online travel companies worldwide as of September 2023 (in million U.S. dollars)

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Booking Holdings

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Expedia Group

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Trip.com Group

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Tripadvisor

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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

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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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The thriving tourism industry in Greece adapts seasonally to an increase in the number tourists who are eager to indulge in local delicacies during their holidays. Hotels and Experience providers, in particular, play a pivotal role in influencing local food systems.

TUI Hotels & Resorts focuses on a variety of hotel experiences in the emerging destination. Also new: TUI Blue Tuy Hoa in the south-east.

The TUI Green IT Award recognises exemplary initiatives and programmes by the tourism company's IT suppliers in the area of sustainability. The winners were announced at the TUI Campus in Hanover.

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Intrepid Travel

We’ve travelled a long way to be here, and we’re so glad we did. Since Intrepid’s humble beginnings in 1989, our founders have been passionate about creating positive change through the joy of travel, creating experiences that benefit both people, and the planet. In fact, their very first business plan included donations to communities long before they were even making any money. Now the world’s largest adventure travel company, and largest travel B Corp, Intrepid offer over 1000 trips across all 7 continents. Our network of over 25 destination management companies deliver innovative, immersive and sustainable, experience rich travel experiences for curious, connected and conscious travellers across a variety of travel styles and themes. Our not-for-profit, The Intrepid Foundation, and our commitment to the UN Sustainable Development Goals ensure that our words are never too far from our work. We want to not only be the best travel IN the world, but the best travel company FOR the world. For the real. For the curious. We are Intrepid.

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Governance 21.0.

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Workers 29.2

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Community 14.7

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

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Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

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Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

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

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.

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

Connect on BizVibe

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December 11, 2023

4 minute read

InteleTravel Joins Travel Leaders Network

Announcement at annual InteleTravelQuest conference brings together the largest host travel agency and travel agency consortium

Delray Beach, Fla. (Dec. 11, 2023) — InteleTravel, the world’s largest host travel agency, will join Travel Leaders Network (TLN), the largest travel agency consortium. The announcement was made by InteleTravel President and Co-founder James R. Ferrara on Sunday during the opening session of the 29th annual InteleTravelQuest conference at the Moon Palace All-Inclusive Resort in Cancun.

After sharing the news with thousands of advisors, travel brands, and suppliers in attendance at InteleTravelQuest, Ferrara welcomed TLN Senior Vice President Lindsay Pearlman on-stage for remarks about the partnership, which brings together the largest host travel agency and largest travel agency consortium and will provide significant opportunities and benefits for both organizations, as well as travelers, travel advisors, industry partners, and suppliers.  

InteleTravel’s announcement comes as the mega-host travel agency continues expanding its network of independent travel advisors while growing exponentially year over year due in part to its advanced training, educational resources, and technologies that help advisors expand their business. In 2023, InteleTravel is on track to reach more than $800 million in sales, which represents an annual growth of over 50% and an all-time high for the company since being established in 1991.

“InteleTravel continues to experience huge growth, and as we continue to improve advisor education and resources, we’ve found that our goals and needs have changed,” said Ferrara. “While we loved our previous partnerships, we’ve decided that Travel Leaders Network has become more aligned with our growth, and we are excited to join forces.”

TLN comprises nearly 6,000 travel agency locations and is the largest North American seller of luxury travel, cruises, river cruises and tours in the travel agency industry. As its membership continues to grow, TLN introduced new partnerships with suppliers and destinations this past year as well as expanded its best-in-class programs. The Network’s award-winning Agent Profiler lead generation tool set a record of over 300,000 consumer leads distributed to members in 2023. Several new Leaders Alliances programs have opened up to top-selling advisors. And the ultra-luxury OLTRE magazine has been added to TLN’s consumer marketing options. 

“We are very pleased that InteleTravel is coming back to our Network,” said Roger E. Block, President of Travel Leaders Network. “As members of TLN, they will find great value in all the solutions we offer our members—including the many new programs and tools Travel Leaders Network has developed since our last association. TLN has a long history of supporting all business models including the independent contractor model so we are the right home for one of the oldest and largest host agencies.  InteleTravel in turn will contribute market-leading sales growth, a culture that values intensive education and a high energy that will benefit the entire TLN organization.” 

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These are the best places to stay in the world for 2024, according to Tripadvisor

Choosing your next vacation isn’t just about where you visit, but where you stay.

To help travelers book the vacation possible, Tripadvisor, one of the biggest online travel agencies, revealed its 2024 Travelers’ Choice Best of the Best Awards — including the list of the world’s best hotels.

The list ranks destinations that received a high volume of above-and-beyond reviews and opinions from the Tripadvisor community over the past year — out of 8 million listings, fewer than 1% achieved the milestone.

New York City is still one of the top tourist destinations in the world, so it’s no shock that three of the top stays in the US are right here in Manhattan: The Luma Hotel in Times Square, The Bryant Park Hotel and Casablanca Hotel by Library Hotel Collection, also in Times Square.

But although many people agree NYC is the greatest city in the world, none of its hotels made the list for the best stays on a global scale.

The top hotel in the world is the Hotel Colline de France in Brazil, according to Tripadvisor.

The luxurious stay was highly rated for its “sophistication and comfort” shown through its glamorous rooms and luscious spa.

The live piano music played at breakfast and complimentary sparkling wine were also nice touches.

“The hotel’s sensational design and warm atmosphere make it a unique choice for an elegant, yet cozy, getaway,” Tripadvisor said.

• Hotel Colline de France, Brazil
• OBLU SELECT Lobigili, Maldives
• La Siesta Hoi An Resort & Spa, Vietnam
• Adiwana Suweta, Indonesia
• Iberostar Grand Packard, Cuba
• Emerald Maldives Resort & Spa, Maldives
• La Siesta Classic Ma May, Vietnam
• Secrets Akumal Riviera Maya, Mexico
• Padma Resort Ubud, Indonesia
• Sofitel Mexico City Reforma, Mexico

The top hotel in the US is the Shore Hotel in Santa Monica, California, according to Tripadvisor.

The pet-friendly hotel stands out with its beautiful view of the ocean and eco-friendly but slick design — its proximity to the Santa Monica Pier also helps to attract guests.

Travelers also raved about the variety of food options, including the in-room breakfast options and the poolside bar.

“A stylish atmosphere and attention to detail ensure a fab stay for you and your furry friend,” Tripadvisor said.

• Shore Hotel, Santa Monica, California
• Luma Hotel Times Square, New York
• FivePine Lodge & Spa, Oregon
• The Bryant Park Hotel, New York
• Hotel Emma, San Antonia, Texas
• The Loutrel, South Carolina
• Lotte Hotel Seattle, Washington
• Four Seasons Hotel Chicago, Illinois
• Ironworks Hotel Indy, Indiana
• San Antonio Marriott Rivercenter on the River Walk, Texas
• The Lodge at Woodloch, Pennsylvania
• Koloa Landing Resort at Poipu, Autograph Collection, Hawaii
• Casablanca Hotel by Library Hotel Collection, New York

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- moscow tour packages – russian fairy tale tour 6 night / 7 days, activity overview.

• Description
• The Moscow Metro is among the biggest and thickest metro networks in the world.
• This makes it easier for people to travel quickly in Moscow.
• The Moscow Metro is made up of 12 lines and 200 stations, and it is around 333 kilometers long.

Activity Important

• Important to know
• Certified English speaking local guide.
• Hotel/port pickup and drop.
• Tips and personal expenses.
• Instant package confirmation at the time of booking.
• This package does not qualify for any refund policy.
• You will need to present either a paper or an electronic voucher for this activity.

Other activities in Russia

Senate Square Tour

Red Square Tour

Moscow Tour

For tour package: moscow metro tour.

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