Global Online Travel Platforms of 2026
Booking ~$26.9bn; Expedia ~$14.7bn; Airbnb ~$12.2bn; Trip.com net revenue ~$8.9bn.
Main table: latest full-year revenue
Compiled 2026-08-13. Ranked by latest full-year revenue for online travel / OTA platforms: Booking Holdings, Expedia Group, Airbnb, Trip.com Group, Tongcheng Travel, Tripadvisor and MakeMyTrip. RMB converted at company-reported USD or about CNY 7.2 = USD 1 only for ranking. Related boards: hotel groups / airlines.
| # | Company | Revenue | USD equiv. | YoY / note |
|---|---|---|---|---|
| 1 | Booking Holdings | $26.917bn | 26.9 | CY2025; +13%; Booking.com etc. |
| 2 | Expedia Group | $14.733bn | 14.7 | CY2025; +8% |
| 3 | Airbnb | $12.2bn | 12.2 | CY2025; +10%; stays & experiences |
| 4 | Trip.com Group | RMB 62.409bn | ~8.93 | CY2025 net revenue; co. USD ~$8.925bn; +17% |
| 5 | Tongcheng Travel | RMB 19.396bn | ~2.69 | CY2025; +11.9% |
| 6 | Tripadvisor | $1.891bn | 1.89 | CY2025; record revenue |
| 7 | MakeMyTrip | $1.044bn | 1.04 | FY2026 (to Mar 2026); first year above $1bn; +10.7% CC |
Booking leads on revenue. Expedia and Airbnb follow. Trip.com is near $9bn on net revenue. Tongcheng, Tripadvisor and MakeMyTrip fill the next band.
Side table: bookings / cuts
| Cut | Figure | Scope |
|---|---|---|
| Booking · gross bookings | $186.1bn (+12%) | CY2025 |
| Expedia · gross bookings | $119.590bn (+8%) | CY2025 |
| Airbnb · GBV | $91.3bn (+12%) | CY2025 |
| Tongcheng · core OTA revenue | RMB 16.4715bn (+16.0%) | CY2025 |
| MakeMyTrip · bookings | ~$10.4bn | FY2026 coverage |
How we ranked
Main table uses latest full-year platform revenue (Trip.com on net revenue; MakeMyTrip on Indian FY to Mar 2026). Gross bookings / GBV sit in the side table. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| PhocusWire · Booking FY2025 | 2026 | Revenue $26.9B; gross bookings $186.1B |
| Expedia FY2025 | 2026 | Revenue $14,733m; gross bookings $119,590m |
| Airbnb Q4 / FY2025 | 2026-02 | FY revenue $12.2B; GBV $91.3B |
| Trip.com FY2025 | 2026 | Net revenue RMB 62,409m (~$8.925B) |
| Tongcheng Travel 2025 | 2026 | Revenue RMB 19,396.0m; +11.9% |
| Tripadvisor revenue / FY2025 release | 2026 | ~$1.891B |
| MakeMyTrip FY2026 | 2026 | Revenue $1,044.0m; bookings ~$10.4B |
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