Airbnb the third, followed by the GDS Amadeus and Saber
RR | Miami | June 18, 2024
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RELATED TOPICS: Airbnb, Amadeus, Booking, Expedia, Expedia Group, Miami, New York, REPORTUR Ranking, Sabre, Trip.com Group, TripAdvisor
With the pandemic, the vast majority of tourism companies were paralyzed, then came the ups and downs generated by the wars between Ukraine and Russia and Israel and Hamas; which continued to create uncertainty for the Travel industry. However, already in 2023 they had some stability, especially publicly traded digital tourism companies.
According to data from Phocuswire, within the ranking by record income are: Booking, Expedia Group, Airbnb, Trip.com Group, as well as the GDS Amadeus and Sabre, which increased their income and their adjusted EBITDA in 2023, and obtained levels record, like this:
- Booking Holdings: Record revenue of $21.4 billion, up from $17.1 billion in 2022 and $15.1 billion in 2019.
- Expedia Group: record revenue of USD 12.8 billion with an increase of 10% compared to 2022.
- Airbnb: revenue of USD 9.9 billion, increasing 18% over the previous year, with adjusted EBITDA increasing by 28% to USD 3.7 billion.
- Amadeus: revenue 21% above previous year
- Saber: revenue increase by 15% in the last year
- Trip.com Group: achieved the highest record with the reopening of Travel in China with an increase of 122% annually in 2023 to USD 6 billion.
As reported REPORTUR.us, financial figures from Expedia, Booking, Airbnb and Trip.com, four of the world’s largest online Travel agencies, show they spent $16.8 billion on sales and marketing last year, a record amount aimed at to promote their brands and attract customers, as recorded in March by Phocuswire. (Record marketing spending for Expedia, Booking, Airbnb and Trip).
This is a clear sign of the intense competition they face to capture reservations and suppliers such as hotels and airlines.
