Top 10 largest travel agencies in the world
The ten largest travel companies in the world come from a variety of industries including airlines, hotels, cruise lines, and online travel agencies. In this article, their quote is based on their market value using data from the S&P IQ platform. Of course, among the flagship companies is Airbnb, which although listed on 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 major hotel chains such as Marriott International and Hilton Worldwide.
The Boeing Co. holds the top spot on the list. Its market value is around $ 125 billion. In a recent forecast, Boeing predicts steady growth and greater sustainability of the European commercial aviation fleet over the next 20 years, with the vast majority of the existing fleet being replaced by more fuel-efficient models. European carriers will need 8,705 new aircraft worth € 1.25 trillion through 2040, according to Commercial Market Outlook (CMO) 2021, Boeing’s long-term forecast for demand for commercial and service aircraft. In addition, the Boeing Company announced on September 29 the appointment of Kuljit Ghata-Aura as the new Chairman of Boeing Middle East, Turkey and Africa (META).
Airbnb sits second on the list with a market value of $ 105.8 billion. The short-term rental platform Airbnb, founded in 2007, has hardly been affected by the pandemic, losing around 80% of its turnover in a few months. Fortunately, this summer has picked up dynamically as new trends have revealed themselves. 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 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 leisure and tourism field. The market value of Booking Holdings is $ 95.8 billion, while the market value of Airbus and Oriental Land is $ 88.3 billion and $ 51 billion, respectively. Oriental Land’s net sales in Q3 2021 were 137,113 million yen compared to 59,149 million yen in Q2 2021.
Marriott International is in 6th place in the ranking with a market value of $ 47 billion. Marriott International recently announced that it has signed 22 new hotel deals in South Asia – including India, Bhutan, Bangladesh, Sri Lanka, Maldives and Nepal – over the past 18 months, with plans to add more 2,700 rooms to its rapidly growing portfolio. Marriott International is currently the hotel chain with the most rooms in the South Asian region and hopes to continue its solid growth with these new signings.
Hilton Worldwide sits seventh on the list with a market value of $ 36.6 billion. Hilton has announced that it will halve its environmental footprint and double its social impact investment by 2030. In other words, Hilton Worldwide is reducing its carbon emissions by 61% and its water waste by 50%.
Southwest Airlines, Las Vegas Sands and Amadeus IT round out the list of the top 10 travel agencies in the world. Southwest Airlines has a market value of $ 28.9 billion, while Las Vegas Sands and Amadeus IT has a market value of $ 28.7 billion and $ 27.3 billion, 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, with sales reaching $ 3.612 billion in 2020.
Finally, Amadeus IT Group is a leading Spanish IT supplier to the global travel and tourism industry. The company was founded in 1987 and achieved a turnover of 5.578 billion euros in 2019.
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