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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

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Top 10 largest travel companies in the world

The top ten largest travel companies in the world come from a variety of sectors, including airlines, hotels, cruises and online travel agencies. In this article, their listing is based on their market value using data from the S&P platform IQ. Of course, among the leading companies is Airbnb, which although it entered the New York Stock Exchange in 2020, managed in the last days of September to exceed the capitalization limit of 100 billion dollars. The list also includes large hotel chains such as Marriott International and Hilton Worldwide.

The Boeing Co. holds the first place of the list. Its’ market value is about 125 billion dollars. In a recent forecast, Boeing projects steady growth and greater sustainability for Europe’s commercial aviation fleet over the next 20 years, as the vast majority of the existing fleet is replaced with more fuel-efficient models. European carriers will need 8,705 new airplanes valued at €1.25 trillion through 2040, according to the 2021 Commercial Market Outlook (CMO), Boeing’s long-term forecast of demand for commercial airplanes and services. Also, the Boeing Company announced on the 29th of September the appointment of Kuljit Ghata-Aura as the new president of Boeing Middle East, Turkey and Africa (META).

Airbnb holds the second place of the list with 105,8 billion dollars market value. The Airbnb short-term rental platform, founded in 2007, was hardly hit by the pandemic, losing about 80% of its turnover in a matter of months. Fortunately, this summer recovered dynamically as new trends were revealed. Zoom and other technologies that enable remote working have created a new class of workers. Based on this trend, the company saw its revenues increase.

In the third place is Booking Holdings and in fourth place is another aircraft manufacturer Airbus, while the top five is completed by Oriental Land, a Japanese company with more than 60 years of presence in the field of leisure and tourism. The market value of Booking Holdings is 95,8 billion dollars, while the market value of Airbus and Oriental Land is 88,3 and 51 billion dollars respectively. The Oriental Land’s net sales at the 3rd quarter of 2021 were 137,113 million yen from 59,149 million yen at the second quarter of 2021.

Marriott International holds the 6th place of the list with 47 billion dollars market value. Marriott International has recently announced that has signed 22 new hotel agreements in South Asia – comprising India, Bhutan, Bangladesh, Sri Lanka, Maldives and Nepal – in the past 18 months, expecting to add more than 2,700 rooms to its fast-growing portfolio. Marriott International currently is the hotel chain with the largest number of rooms in the South Asia region and expects to continue its solid growth with these new signings.

Hilton Worldwide holds the position number seven of the list with 36,6 billion dollars market value. Hilton has announced that it will cut its environmental footprint in half and double its social impact investment by 2030. In other words, Hilton Worldwide is in the process of reducing carbon emissions by 61% and water waste by 50%.

Southwest Airlines, Las Vegas Sands and Amadeus IT complete the list with the top 10 largest travel companies in the world. The market value of the Southwest Airlines is 28,9 billion dollars, while the market value of Las Vegas Sands and Amadeus IT is 28,7 and 27,3 billion dollars respectively. Las Vegas Sands Corporation is an American casino and resort company based in Paradise, Nevada, United States. The company was founded in 1988 by Sheldon Adelson, while the revenue reached 3.612 billion dollars in 2020.

Lastly, Amadeus IT Group is a major Spanish IT provider for the global travel and tourism industry. The company was founded in 1987 and reached 5.578 billion euros revenue in 2019.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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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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Largest travel companies by market cap

This is the list of the largest travel companies by market capitalization. Only the top travel companies are shown in this list and travel companies that are not publicly traded are excluded. The ranking and the market cap data shown on this page are updated daily.

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

CompaniesMarketCap is receiving financial compensation for Delta App installs. CompaniesMarketCap is not associated in any way with CoinMarketCap.com Stock prices are delayed, the delay can range from a few minutes to several hours. Company logos are from the CompaniesLogo.com logo database and belong to their respective copyright holders. Companies Marketcap displays them for editorial purposes only.

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15 biggest travel companies in the world: when will they recover their 2020 losses.

In this article we will list the 15 biggest travel companies in the world . Click to skip ahead and see the 5 Biggest Travel Companies in the World .

Traveling is not only a form of enjoyment, it is also good for your health. Whether a person decides to spend the summer, winter or simply a short weekend break in a foreign country, travel always has a positive effect on the mind and body of a person. Everyone who hears the word travel first thinks of a break from everyday obligations, getting up early and city noise. But a vacation is much more than just a walk down the main street of an unknown city or a visit to a museum. Every time we travel somewhere, we enrich our experiences and learn things that cannot be read in a tourist guide, because a visit to a new city and a new country brings with it getting to know people, their way of life and customs, culinary specialties and all other things that make a nation special and different. Social interaction in an unknown city contributes to relaxation, and acquaintances with new people or locals often turn into friendships, especially nowadays when maintaining contact through social networks is easier than ever.

Travel also has a good effect on the human body and gives excellent results in treating stress and depression, helping to restore energy. The key to happiness has always been hidden in experiences, not in material things. Travel is food for the soul. People love to see and enjoy beautiful things and places. For many, it is enough to go to places they have already visited or to take a short break somewhere in the vicinity. This provides a respite from current preoccupations and gives strength to move on.

You are able to see places that you thought did not exist, learn something about their history, maybe learn a word of a foreign language. Every new place and experience enriches your lives. Today, many things are available online, but learning from the locals the history, how they live, what are the customs, culture and other specifics of a place can allow you to gain new views of the world. Traveling can also be seen as a challenge for several reasons, starting with not knowing the language, eating unfamiliar food and losing the everyday comfort that everyone is used to. Each trip is a new experience by which we break established habits. By overcoming them, we become stronger, more resourceful and more satisfied with ourselves. If you enjoy traveling you might want to consider checking out the 10 Best Places to Visit in USA in February .

Those first experiences in life are always remembered. That first time is always somehow special. Full of uncertainty, thinking about how it will be, where it will be, will everything go according to plan, do we have a plan at all? Because of the excitement caused by adrenaline, we feel alive, and that is why a little extra adrenaline is not a bad idea. Traveling always awakens in us that feeling of the first time. Going to the still unknown, an undiscovered place that we may already know a lot about from various literature or we have heard from others or we know almost nothing about, but we want to see how it is there. There is nothing more beautiful than packing and going in an unknown direction, where a new adventure awaits us! As Mark Twain said - travel is fatal to prejudice, inhumanity and limited perceptions. You may regularly watch the news and what is happening in the world on TV, but only when you go there, on the spot, can you really understand what the problem of that country is, or what is really beautiful there. First-hand experiences are irreplaceable.

It may sound counterintuitive but travel industry managed to grow almost continuously until the coronavirus pandemic. The number of international tourist arrivals worldwide stood at 600 million in 1999, increased to 800 million by 2009, and has been steadily climbing to 1.2 billion through 2019. We don't have the precise figures for 2020, but it is expected to fall below the 400 million level in 2020 because of the pandemic. US residents cut down their domestic travel by 70% this summer and international travel by 90% for the same reason. Some analysts are so pessimistic that they don't expect air travel demand to recoup its losses until 2024. We actually disagree. We believe air travel will come back with a vengeance in 2022 because of pent-up demand. That's probably why travel stocks like Booking Holdings (BKNG) trade near their 52-week highs.

Precisely because everyone loves adventure and travel, travel companies always have a lot of work, so here is a list of 15 biggest travel companies in the world!

15. Omega World Travel

Through more than 45 years Omega World Travel has established a superb record of providing comprehensive domestic and international travel management services to organizations of all types. Omega is one of the largest business travel management companies in the U.S., with $1,47 billion in sales. It has 530 employees. President and CEO of the company is Gloria Bohan. She launched Omega World Travel in 1972 as a small-town storefront travel agency. Today, Omega is the top woman-owned business in the U.S. This company offers comprehensive service configurations to corporations and governments, including technology tools and other travel services and it owns Cruise.com, an online cruise seller, and TravTech, a wholly owned technology company.

Pixabay/Public Domain

Frosch ranks 14th in our list of the biggest travel companies in the world. Frosch was founded in 1972. In 1977, Richard Leibman acquired sole ownership of the agency from the Frosch family. In 1998, Richard was joined by his son, Bryan who today serves as the company’s President & CEO. In 2004, Lara Leibman joined the company as Executive Vice President. The company has $2,25 billion in sales and 1180 employees. Frosch owns Frosch Rewards & Incentives, Frosch Global Conferences & Events and Frosch Student Travel.

Pixabay/ Public Domain

13. Travel and Transport

Travel and Transport, Inc. was founded in 1946. It is headquartered in Nebraska, US. Chief Executive Officer and Chairman of the company is Kevin M. O’Malley, President and Chief Operating Officer is Timothy J. Fleming and Executive Vice President and Chief Information Officer is Michael P. Kubasik. The company has sales of $3,53 billion and 1737 employees.

12. AAA Travel

AAA Travel ranks 12th in our list of the biggest travel companies in the world. Whether it's a family vacation or cruise, a romantic getaway, or a business trip, AAA can get you there in style, with great member savings. You'll get hotel discounts, discount car rentals, and vacation packages that meet your needs and budget. President and CEO is Marshall L. Doney. They have sales of $4,13 billion and 4655 employees.

11. Fareportal

Fareportal ranks 11th in our list of the biggest travel companies in the world. Fareportal is company founded in 2002. With their strong knowledge and experience in the air travel booking vertical, including corporate travel management and automation of wholesale distribution of complex international airfares, today they operate in North America, Europe, and Asia. CEO and Founder of the company is Sam S. Jain. Fareportal has sales of $4,95 billion and 3899 employees. CO-CEO of the company is Werner Kunz-Cho and CFO of the company is Kenneth West.

10. Corporate Travel Management North America

Corporate Travel Management North America is a wholly owned subsidiary of Corporate Travel Management Ltd. It offers direct sales to corporate customers and consumers, including business travel, leisure travel, loyalty point redemption and meeting and event services. Brand portfolio includes Corporate Travel Management (CTM), Event Travel Management, Air Fulfillment Services, Allure Travel by CTM, CTM Loyalty Solutions and MTravel, which is CTM's hosted, commissioned agent program. It has sales of $5 billion and 725 employees. CEO is Chris Thelen and CFO is Anne Rudd.

06photo/Shutterstock.com

9. Direct Travel

Direct Travel ranks 9th in our list of the biggest travel companies in the world. Direct Travel is one of the most respected companies in North America and around the world, providing corporate travel, meetings and events, and leisure services. The company was founded in 1980. It is led by industry visionary Ed Adams and CFO of the company is John Coffman. It has sales of $5,4 billion and 2000 employees.

8. American Express Travel ( NYSE: AXP )

The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York. It engages in the provision of charge and credit card products, and travel-related services. President of the American Express Travel is Audrey Hendley. It has sales of $6,27 billion and 5000 employees. Chief Executive Officer is Stephen J. Squeri.

7. Travel Leaders Group

Travel Leaders Group ranks 7th in our list of the biggest travel companies in the world. Travel Leaders Group is 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, Mexico and other countries. It was founded in 1996. Chairman of the company is Michael Batt, Chief Executive Officer is Ninan Chacko. The company has sales of $7,12 billion and 4000 employees.

6. Flight Centre Travel Group

Flight Centre Travel Group (FCTG) is a large retail travel agency in Australia. It was founded in 1982 by Graham Turner and Geoff Harris, and is headquartered in Brisbane. FCTG operates under multiple names in Australia, New Zealand, United States, Canada, United Kingdom, South Africa, Hong Kong, India, China, Singapore, United Arab Emirates, and Mexico, and licenses its name in a further 80 countries. Executives of the company in US are: President - Dean Smith, CFO - Peter Stone. The company has sales of $16 billion and 20600 employees.

Please continue reading and see the 5 biggest travel companies in the world .

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• World's Best

The Top 15 Tour Operators in 2021

Scott Bay is a magazine editor specializing in travel, architecture, and gear. He was previously an assistant editor at Travel + Leisure . His work has also appeared in Wired , Architectural Digest , Wallpaper , Robb Report , Saveur , Daily Beast , and more.

Note: If you’re looking for our most recent recommendations, check out the 2023 list of our favorite tour operators .

This year's World's Best Awards survey was open for voting January 11 through May 10, 2021, as destinations around the world were lifting COVID-19 restrictions. Survey rules have always allowed readers to reflect on their travel experiences over a three-year period. We hope that this year's honorees will inspire your own travels as you get back out into the world.

Linking up with the right tour operator can take an amazing trip and turn it into a trip of a lifetime . This might seem like magic, but their in-the-know expertise and long-standing relationships open the doors for the seemingly impossible — a private Jeep safari with a professional tracking team in the depths of Torres del Paine or one-on-one cooking classes from a chef that runs a Michelin-starred restaurant in the south of France. And if any group has traversed the world enough to discern the best tour operators out there, it's the readers of Travel + Leisure .

Every year for our World's Best Awards survey, T+L asks readers to weigh in on travel experiences around the globe — to share their opinions on the top hotels, resorts, cities, islands, cruise ships, spas, airlines, and more. Hotels were rated on their facilities, location, service, food, and overall value. Properties were classified as city or resort based on their locations and amenities.

The companies that made the list have the skills and connections to create itineraries that reflect their clients' personal interests. No. 3 VBT Bicycling Vacations curates two-wheeled trips all over the globe . One reader said, "Their staff make all the difference." No. 2 Mountain Lodges of Peru puts together highly personalized trekking adventures to Machu Picchu. As another reader exclaimed, "This is the way to visit Machu Picchu!"

But at the top of the list is Quasar Expeditions. Though primarily known for its cruises (the company won the small-ship ocean cruises category this year), it also operates a roster of dynamic safari-style excursions in South America. Read on to find out what sets it apart and which other companies join it on this year's list of the best tour operators in the world.

1. Quasar Expeditions

Quasar Expeditions is for adventurers. The highly specialized itineraries are designed to make guests feel like they're James Cook or Charles Darwin. "Quasar Expeditions' guides are the ultimate, passionate gatekeepers to the Galápagos Islands," one reader said. "Their enthusiasm and love of the islands and the wildlife encourages you to share in their passion and desire to conserve the natural beauty and habitat of the area while still allowing low-impact tourism." Another raved, "Excellent isn't a high enough rating to describe our experience with Quasar Expeditions. Extraordinary in every way!" And while Quasar is best known for its Galápagos trips, it gets high marks for its Patagonia itineraries, which takes guests into the best parts of Chile's Torres del Paine and Argentina's Los Glaciares — two of South America's most spectacular national parks.

Score: 99.58 More information: quasarex.com

2. Mountain Lodges of Peru

Score: 98.93 More information: mountainlodgesofperu.com

3. VBT Bicycling Vacations

Score: 98.70 More information: vbt.com

4. Classic Journeys

Score: 98.60 More information: classicjourneys.com

5. TCS World Travel

Score: 97.55 More information: tcsworldtravel.com

6. Black Tomato

Score: 97.25 More information: blacktomato.com/us

7. Inside Japan Tours

Score: 96.84 More information: insidejapantours.com

Score: 96.72 More information: tauck.com

9. Wilderness Travel

Score: 95.71 More information: wildernesstravel.com

10. Trek Travel

Score: 95.71 More information: trektravel.com

11. Geographic Expeditions

Score: 95.70 More information: geoex.com

12. Thomson Family Adventures

Score: 94.89 More information: familyadventures.com

13. Greaves

Score: 94.74 More information: greavesindia.com

14. DuVine Cycling + Adventure Co.

Score: 94.64 More information: duvine.com

15. Odysseys Unlimited

Score: 94.39 More information: odysseys-unlimited.com

See all of our readers' favorite hotels, cities, airlines, cruise lines, and more in the World's Best Awards for 2021 .

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A Deep Dive Into Trip.com Group 2020

Seth Borko + Skift Team

Report Overview

China’s Trip.com, or as you more likely know it, Ctrip, is the world’s largest online booking site with more than $129 billion of travel sold in 2019. That’s fitting for the premier travel agency in the world’s largest outbound travel market.

This is a business everyone in travel needs to understand. If you haven’t bumped up against Trip.com yet, you almost certainly will at some point. it has big ambitions to expand internationally and that’s still the case even after the devastating impact of Covid-19.

Trip.com is unlike any U.S. or European booking site you may be familiar with, having built a complex web of strategic investments and partnerships throughout China and across the globe. It is mobile-first and offers a connected trip across a diverse range of products.

Deciphering Trip.com also offers insights into what the post-Covid world of travel will look like as China recovers faster than the rest of us. Here’s a hint: it features outside-the-box marketing campaigns and more business travel than you might expect.

Trip.com offers us a lesson in optimism and new growth, even after the industry’s worst even crisis.

What You'll Learn From This Report

• Trip.com’s business structure, including key segments and growth rates.
• How Trip.com stacks up to its global peers, Expedia Group and Booking Holdings.
• A detailed look into Trip.com’s complicated network of strategic investments, partnerships, and subsidiaries.
• Trip.com’s international and domestic growth strategies.
• The ways Trip.com has been impacted by COVID-19 and how it is responding to gain market share and return to growth.

Related Reports

• A Deep Dive into Google Travel Part III: Hotel Distribution From East to West April 2024
• India’s Travel Booking Landscape March 2024
• The Past, Present, and Future of Online Travel March 2024
• Skift Research Global Travel Outlook 2024 January 2024

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Travel agency industry - statistics & facts

The biggest players of the ota market, the travel agency and tour operator retail market, key insights.

Detailed statistics

Online travel market size worldwide 2017-2028

U.S. travel agency industry market size 2012-2022

U.S. tour operator industry market size 2012-2022

Editor’s Picks Current statistics on this topic

Current statistics on this topic.

Tour Operators & Travel Agencies

Market size of the travel agency services industry worldwide 2011-2024

Online Travel Market

Revenue of leading OTAs worldwide 2019-2022

Related topics

• Online travel market
• Mobile travel trends
• Impact of technology on travel and tourism
• Artificial intelligence (AI) use in travel and tourism

Online travel companies

• Booking Holdings Inc.
• Expedia Group, Inc.
• Tripadvisor

Travel agency and tour operator market

• Travel agencies in the United Kingdom (UK)
• Package travel in Japan

Recommended statistics

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

Market size of the tourism sector worldwide 2011-2024

Market size of the tourism sector worldwide from 2011 to 2023, with a forecast for 2024 (in trillion U.S. dollars)

Online travel market size worldwide from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)

Key information on the global travel agency industry January 2024

Key data on the travel agency industry worldwide as of January 2024

Market cap of leading online travel companies worldwide 2023

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

Leading travel companies worldwide 2022, by sales

Leading travel companies worldwide in 2022, by gross sales (in billion U.S. dollars)

Number of employees at leading travel companies worldwide 2022

Number of employees at selected leading travel companies worldwide in 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
• Premium Statistic Despegar: revenue 2015-2022

Leading online travel agencies (OTAs) worldwide from 2019 to 2022, by revenue (in million U.S. dollars)

Marketing expenses of leading OTAs worldwide 2019-2022

Marketing expenses of leading online travel agencies (OTAs) worldwide from 2019 to 2022 (in million U.S. dollars)

Marketing/revenue ratio of leading OTAs worldwide 2019-2022

Marketing to revenue ratio of leading online travel agencies (OTAs) worldwide from 2019 to 2022

Revenue of Booking Holdings worldwide 2007-2023

Revenue of Booking Holdings worldwide from 2007 to 2023 (in billion U.S. dollars)

Revenue of Expedia Group, Inc. worldwide 2007-2023

Revenue of Expedia Group, Inc. worldwide from 2007 to 2023 (in billion U.S. dollars)

Airbnb revenue worldwide 2017-2023

Revenue of Airbnb worldwide from 2017 to 2023 (in billion U.S. dollars)

Total revenue of Trip.com Group 2012-2022

Total revenue of Trip.com Group Ltd. in China from 2012 to 2022 (in billion yuan)

Revenue of Tripadvisor worldwide 2008-2023

Revenue of Tripadvisor, Inc. worldwide from 2008 to 2023 (in million U.S. dollars)

Despegar: revenue 2015-2022

Revenue of Despegar.com, Corp. from 2015 to 2022 (in million U.S. dollars)

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 2024
• 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

Most popular travel and tourism websites worldwide 2024

Most visited travel and tourism websites worldwide as of April 2024 (in million visits)

Total visits to travel and tourism website booking.com worldwide 2021-2024

Estimated total number of visits to the travel and tourism website booking.com worldwide from December 2021 to March 2024 (in millions)

Total visits to travel and tourism website tripadvisor.com worldwide 2020-2024

Estimated total number of visits to the travel and tourism website tripadvisor.com worldwide from August 2020 to March 2024 (in millions)

ACSI - U.S. customer satisfaction with online travel websites as of 2024

U.S. customer satisfaction with online travel websites from 2000 to 2024 (index score)

Number of aggregated downloads of leading online travel agency apps worldwide 2023

Number of aggregated downloads of selected leading online travel agency apps worldwide in 2023 (in millions)

Number of aggregated downloads of leading online travel agency apps in the U.S. 2023

Number of aggregated downloads of selected leading online travel agency apps in the United States in 2023 (in millions)

Leading travel apps in the U.S. 2022, by market share

Market share of leading travel apps in the United States in 2022

Leading travel apps in Europe 2022, by market share

Market share of leading travel apps in Europe in 2022

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

Market size of the travel agency sector in the United States from 2012 to 2022 (in billion U.S. dollars)

Market size of the tour operator sector in the United States from 2012 to 2022 (in billion U.S. dollars)

Revenue of TUI AG worldwide 2004-2023

Revenue of TUI AG worldwide from 2004 to 2023 (in billion euros)

Leading travel agents ranked by number of outlets in the UK 2024

Leading travel agencies in the United Kingdom (UK) as of February 2024, by number of travel shops

Leading ATOL-licensed tour operators in the UK 2024, by passengers licensed

Leading ATOL-licensed tour operators in the United Kingdom as of February 2024, ranked by number of passengers licensed

Turnover of Hays Travel Limited in the UK 2008-2023

Turnover of Hays Travel Limited in the United Kingdom from 2008 to 2023 (in million GBP)

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

Worldwide cruise company market share 2022

Worldwide market share of leading cruise companies in 2022

Revenue of Carnival Corporation & plc worldwide 2008-2023

Revenue of Carnival Corporation & plc worldwide from 2008 to 2023 (in billion U.S. dollars)

Revenue of Royal Caribbean Cruises worldwide 1988-2023

Revenue of Royal Caribbean Cruises Ltd. worldwide from 1988 to 2023 (in billion U.S. dollars)

Revenue of Norwegian Cruise Line worldwide 2011-2023

Revenue of Norwegian Cruise Line Holdings Ltd. worldwide from 2011 to 2023 (in billion U.S. dollars)

TUI cruise brand revenue worldwide 2015-2023, by brand

Revenue of TUI cruise brands worldwide from 2015 to 2023, by brand (in million euros)

Percentage change in revenue of leading cruise companies worldwide 2020-2023

Percentage change in revenue of leading cruise companies worldwide from 2020 to 2023 (compared to 2019)

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The Inbound Report

Covering the Inbound Tourism Industry Since 1996

The Top 20 companies that Dominate the World of Travel Agencies?

July 24, 2018 by Tom Berrigan

Some of the revelations that come with a review of review of the numbers in the list include the following:

—Online travel agencies Expedia and Booking Holdings (formerly the Priceline Group ) saw their domination of the travel agency business grow. Expedia’s sales were up 21.5 percent over 2017 to $88 billion, while Booking’s brands increased sales by 20.7 percent to $81.6 billion. Together, the two OTAs generated as much turnover as did the rest of the companies in the Power List ’s Top 20. (The Travel Weekly annual listing includes travel companies with at least $100 million in annual sales,)

—Overall, nearly every company on the list increased sales, although there were 10 fewer on the list than there were in 2017 (49 vs. 59), a reflection, in part, of continued consolidation in the industry—the most significant being last July’s merger of Travel Leaders Group and Altours .

—The unique positioning of some companies—doing both international outbound and inbound—keeps some receptive tour operators busy. Three U.S.-based operations of Japanese companies illustrate the point: JTB Americas (No. 17 on the list); H.I.S. USA Holdings (No. 28) and Kintetsu USA (No. 45). H.I.S. underscored the importance of the receptive sector during the past year with its acquisition of the largest receptive tour operator in Canada, Jonview Canada .

TW ’s Notes on Methodology: To qualify for the Power List, a company had to have a minimum of $100 million in sales in 2017. For purposes of this survey, sales are defined as gross sales of travel products worldwide, whether to consumers or to corporate travelers; the company must be the merchant of record on the transaction from a supplier’s perspective.

At least 15 percent of the sales volume must have been generated in the U.S.

Early this year, the questionnaire was sent to companies that had appeared on the list in previous years; had been in the news because of acquisitions or had grown for other reasons; or had contacted Travel Weekly believing they qualified.

As has been the case for years, Travel Weekly requested that gross sales volume be certified by a company’s owner, CEO or CFO. In a small number of cases, certification was made by an executive at the vice president level but with financial oversight.

While all cooperating listees did certify sales (or made them public), it must be kept in mind that even those numbers are difficult to verify because the great majority of travel sellers are privately held and under no obligation to disclose financial data.

Also, there is no commonly accepted standard for calculating sales volume, and there is no clearinghouse in the U.S. that tracks nonairline sales, as the Airlines Reporting Corp. (ARC) does for airline sales.

Where possible, Travel Weekly sought to confirm accuracy in the figures by referring to other data and to articles published in the past year. We also reviewed responses for consistency and used whatever resources we had at our disposal to ensure accuracy.

The survey on which these rankings were based also included questions involving sales figures, ARC sales, travel-related subsidiaries, percentage of sales from business and leisure, corporate structure and others.

Interested in More? To review the entire Travel Weekly Power List feature material, visit:

www.travelweekly.com/PowerList2018

To compare this year’s Power List with that of last year, visit:

https://www.travelweekly.com/PowerList2017

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Ethiopian Performance in MRO Lauded

A ddis Ababa, April 25, 2024 (ENA) The success of Ethiopian Airlines is not only on the passenger side but also in maintenance, repair, and overhaul (MRO), Fairfax Africa Fund Global Chairman Zemedeneh Negatu said.

In an exclusive interview with ENA, the chairman said Ethiopian Airlines has a very large MRO shop, which is one of the biggest in the world and the best in the world to maintain modern aircrafts.

It’s a very well-known organization for maintaining aircrafts, not only for itself but other airlines send their aircraft here, he added.

According to Zemedeneh, Ethiopian Airlines is the biggest airline in Africa and one of the largest in the world.

“Its success is not only predicated on its ability to transport passengers from around the world, but also its ability to maintain these very sophisticated, very expensive aircrafts.”

Moreover, Bole International Airport is today the largest gateway for travel into and out of Africa.

“On top of that, Ethiopian Airlines, which travels from Africa to other parts of the world and into Africa, is bigger than Emirates, Turkish, and Lufthansa combined in Africa.”

One of the challenges a lot of African airlines face in addition to not being able to afford to acquire aircraft is not being able to find affordable and quality MRO services on the continent, the chairman said.

He added that African carriers used to send or send their aircraft to Europe or in some cases all the way to the United States to repair and maintain their aircraft at very expensive rates, whereas Ethiopian Airlines, certified by all the manufacturers, is right here in Africa.

Presently, however, Zemedeneh said that you see aircraft from many African countries, including Nigeria and Rwanda, among others.

The pan-Africanism that we talk about is being demonstrated clearly to the active support of Ethiopian Airlines for other African carriers, he noted.

“I think it is a testament to what happens when you have investment, vision, determination and the capacity to deliver something that used to be considered stuff to be done in Europe, stuff to be done in America, is done in Africa right here in Ethiopia.”

The chairman pointed out that Ethiopian Airlines has been doing this for a very long time. The airline has been around for almost 75 years, but the maintenance shop has also been around for decades.

The airline has the expertise and is benefiting other African carriers as well, he stated.

Recognizing the necessity of effective MRO services for the smooth operation and success of an airline, Ethiopian Airlines operates a modern MRO facility at its hub in Addis Ababa, established in 1957, and developed over the years.

Ukraine-Russia war latest: 'Huge fire breaks out' in port city after missile strike; Russia 'shifting battlefield focus'

Aerial images of the eastern town of Chasiv Yar have revealed the effects of Russian bombardment. A leading thinktank has suggested Moscow's battlefield focus may have shifted towards the town. Listen to a Daily podcast on whether the UK should send troops to Ukraine as you scroll.

Wednesday 1 May 2024 23:39, UK

• Large fire breaks out in Odesa after missile strike  
• Drone footage reveals ghost town left after Russian bombardment  
• The signs Moscow's battlefield focus could be shifting
• Your questions answered: Why can't Ukraine destroy key Crimean bridge?
• Listen to the Sky News Daily above and  tap here  to follow wherever you get your podcasts
• Live reporting by Katie Williams

We're wrapping up our live updates of the Ukraine war for this evening, but will be back soon with more updates.

In the meantime, scroll through the blog below to catch up on the latest events.

A Ukrainian drone attack has  damaged power lines in southern Russia's Kursk region, the local governor has said. 

The attack has left the village of Ponyri without power. 

Regional governor Roman Starovoit said the drone had been downed and repair crews are on site to restore power. 

As we reported earlier, tonight's missile attack on Odesa is the third reportedly carried out by Russian forces since Monday.

The city, particularly its port infrastructure, has been a frequent target of Moscow's during the war.

On 29 April, a Russian missile struck an educational institution in a seafront park in the port city, killing at least five people and injuring 32 others.

Among the wounded were eight people in a serious condition, including a four-year-old child, regional governor Oleh Kiper said. A pregnant woman was also hurt.

He said that in addition to those killed in the attack, a man later died after suffering a stroke related to the strike.

Footage showed the roof of the ornate building destroyed by fire.

Mr Kiper said another Russian missile attacked killed three people and injured three others in Odesa overnight on Tuesday.

He said the strike was carried out by a ballistic missile but didn't provide further details.

The attack also damaged civilian infrastructure, he said.

Regional governor Oleg Kiper reports that an air alarm is sounding in Odesa after this evening's missile strike.

He urged residents in the city and wider region to stay safe in a post to Telegram .

Nova Poshta, a Ukrainian postal and courier company, has confirmed its warehouse has been struck in Odesa.

The firm said none of its employees were injured or dead.

It added that customers would be compensated for parcels destroyed in the strike, which local officials say was carried out by Russia.

There are at least 13 victims as a result of a reported Russian missile strike on Odesa this evening, according to regional governor Oleg Kiper.

He did not specify if the victims had been killed or were injured.

In a Telegram post, Mr Kiper reported a "powerful fire at the point of impact".

Ballistic missiles were used to target the city, he said.

A large fire has erupted in the Ukrainian port city of Odesa after a missile strike, according to local media reports.

Unverified images circulating on social media show flames at the site of the reported strike and large plumes of smoke billowing towards the sky.

It comes after a Russian attack on an educational institution in the city on Monday that killed at least five people and injured 32 others.

Three people were killed in a separate missile attack in Odesa overnight last night.

Volodymyr Zelenskyy has formally dismissed the head of the Ukrainian security service's cybersecurity department after a media probe into his finances.

A decree issued on on his presidential website today shows Illia Vitiuk has been officially removed from the post.

Mr Vitiuk had already been suspended after an investigation by a journalist at independent outlet Slidstvo.info which raised questions over the property holdings of his wife and the source of the couples' wealth.

The journalist was later targeted by enlistment officers in a "revenge" move, the outlet reported.

Washington has accused Moscow of violating an international treaty by using a First World War-era chemical weapon in Ukraine.

The state department said Russia has deployed the choking agent chloropicrin against Ukrainian troops and used riot control agents "as a method of warfare".

According to the Centre for Disease Control and Prevention, chloropicrin is an irritant "with characteristics of a tear gas".

It was used by Germany against allied troops during the First World War but has since been banned for military use.

"The use of such chemicals is not an isolated incident and is probably driven by Russian forces' desire to dislodge Ukrainian forces from fortified positions and achieve tactical gains on the battlefield," the state department said in a statement. 

The Russian embassy didn't immediately respond to a request for comment.

In Ukraine's partially occupied Donetsk region, troops continue to fight back against Russian forces on the frontline.

Moscow is heavily focusing on the eastern region, where it claims to have captured several towns and villages.

In these pictures, Ukrainian soldiers fire a howitzer at Russian positions.

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