Showing 10 out of 32 companies.
Booking Holdings Inc, China Tourism Group Duty Free Corp Ltd, Expedia Group Inc, HIS Co Ltd, and Trip.com Group Ltd are the top 5 travel intermediaries in Asia-Pacific in 2021 by revenue. Cumulatively, the top 10 travel intermediaries in Asia-Pacific generated revenue of $126,315 million, with average revenue growth of 8.01%, the highest revenue was generated by Booking Holdings Inc ($10,958 million), followed by China Tourism Group Duty Free Corp Ltd ($10,492 million) and Expedia Group Inc ($8,598 million). They employed a total of 123,857 people in 2021. China Tourism Group Duty Free Corp Ltd is one of the leading travel intermediaries in Asia-Pacific by revenue. The company reported revenues of $10,492 million with average revenue growth of 28.67% in the fiscal year ending 2021 (FY2021). The company operates group and individual tours, business travel, sports activities, sightseeing tours, study tours, leisure tours, conventions, and special-interest tours. It also provides individual booking services and online tourism and travel agency services. It also invests in real estate properties for tourism business development. The company operates in China, Japan, Macao, Cambodia, Taiwan, and Hong Kong, and employs 14,720 people. Booking Holdings Inc is another leading travel intermediary in Asia-Pacific by revenue. The company reported revenues of $10,958 million with average revenue growth of 61.24% in the fiscal year ending 2021 (FY2021). The company offers various services including accommodation reservations, price comparison, rental car reservations, restaurant reservations, airline ticket booking, vacation packages, cruise booking, and travel reservations. The company operates in several countries across Europe, North America, South America, Africa, and Asia-Pacific regions, and employs 20,300 people.
FAQs
Revenue of leading OTAs worldwide 2019-2023
Overall, Booking Holdings reported the highest figure in 2023, generating roughly 21.4 billion U.S. dollars. That year, Expedia Group and Airbnb followed in the ranking, with revenue of approximately 12.8 billion and 9.9 billion U.S. dollars, respectively.
What are the travel intermediaries examples? ›
Examples of Travel Intermediaries
Some of the most popular travel trade intermediaries are Booking, Expedia, Viator, Hotels, Trip.com, Despegar, and Travelocity. Those are some of the top online travel agencies worldwide that hundreds of travel and tourism suppliers have partnered with.
Which gds is best for travel agents? ›
The best 6 GDS Software For Travel Booking Engine are:
- Sabre GDS.
- Amadeus GDS.
- Travelport GDS.
- Worldspan GDS.
- Abacus GDS.
- Galileo GDS.
Growth is powering ahead, despite the slow return of China's outbound travellers. Exceeding peak 2019 levels is forecast in 2024 with an expected USD510 billion inbound tourism spending in Asia Pacific, fuelled by intra-regional demand with a 5.4% CAGR forecast over 2025-2030.
What is the most successful OTA? ›
Though listing your property on the highest earning online travel agencies is a great strategy, it is even better to understand the markets that each OTA serves.
- Booking.com. Booking.com is a global powerhouse in the online travel agency sector. ...
- Expedia. ...
- Airbnb. ...
- Trivago. ...
- Despegar. ...
- Trip.com. ...
- eDreams Odigeo. ...
- MakeMyTrip.
In the context of revenue management, OTA refers to the distribution of hotel rooms or other travel services through online platforms such as Expedia, Booking.com, Airbnb, and many others. The arrival of OTAs has completely changed the hospitality landscape.
What do you mean by intermediaries? ›
An intermediary is a person who passes messages or proposals between two people or groups. She wanted him to act as an intermediary in the dispute with Moscow. Synonyms: mediator, agent, middleman, broker More Synonyms of intermediary.
What are four intermediaries examples? ›
There are four main types of intermediaries including agents and brokers, wholesalers, distributors, and retailers.
Who are the international intermediaries? ›
Intermediaries such as trading companies, agents and merchants have played a key role in international business for centuries.
Do airlines still use GDS? ›
Airlines can distribute their fares through GDS allowing travel agents to compare prices & services across different carriers. Travel agencies can make informed decisions based on real-time fare information helping them offer the best deals to their customers.
Amadeus Global Distribution System
Amadeus has the biggest global market share footprint of any of the GDSs, with a potential reach to millions of guests. Many bookings through Amadeus are specific to airlines however hotel owners can still benefit from this major GDS.
What GDS is used by Expedia? ›
Are Expedia and other online booking agencies considered GDSs? While they aren't standalone GDSs, online travel agencies (OTAs) like Expedia use GDSs to fuel their backend by connecting users to their fleet of travel-related services.
What is Asia Pacific known for? ›
APAC is a geographically defined region, characterised by a variability of climate and terrain with uneven population distribution and diverse languages and cultures, set against a backdrop of assorted political histories and disparate levels of economic development.
What is the tourism potential in Asia Pacific region? ›
Under the medium scenario, international visitor arrivals (IVAs) to Asia Pacific are expected to increase from 619 million in 2024 to 762 million in 2026, with a recovery rate of 111.6% compared to the 2019 level.
What is the most visited country in Asia? ›
China is the most visited country in Asia with over 65.7 million visitors in 2019. Its wide range of attractions, including iconic landmarks like the Great Wall, and the Forbidden City, and modern cities like Beijing and Shanghai attract tourists from around the world.
What is the largest OTA in North America? ›
The OTA market in North America
The two OTA giants, Expedia and Booking Holdings, continue to dominate in the US, representing 92% of the OTA market, says Phocuswright, although US online travel agency bookings fell sharply by 59% during 2020 as a result of the global pandemic.
What is typical OTA commission? ›
While the average commission range for many big online travel agents is 15-30%, some smaller and more niche OTAs offer lower prices – sometimes as low as 4%. It's common for commission rates for properties on the same OTA to vary based on their region and property type.
What is the largest online travel agency? ›
What is the largest OTA in China? ›
The largest and most commonly used OTA in China is Trip.com (formerly Ctrip). Over 65% of the participants of a recent survey use Ctrip to plan and book their travel. Ctrip doesn't specialize in a niche. It's a comprehensive platform that enables tourists to make a wide range of travel bookings.
