Leading Players of the Global Travel Industry

Exclusive extracts from this 68-page-long report:

- Who are the key players?

The travel industry is highly fragmented, but some companies such as traditional players Tui and Thomas Cook, as well as OTAs like Booking Holdings and Expedia, stand out from the crowd. A number of traditional travel companies have not only felt the impact of growing connectivity and the rapid adoption of Internet/digital channels but have also had to deal with the resulting shift from packaged trips to separate travel products (i.e. hotel and airline tickets bought separately). [...]

Groups analysed in this report include: Tui, Booking Holdings, Thomas Cook, Expedia, H.I.S., Ctrip.com, Fosun, Tripadvisor, MakeMyTrip and eDreams Odigeo.

- What are the players' strategies?

Tui, the world's leading travel agency by size of revenues, continues to expand its portfolio, both horizontally into new travel segments (e.g. cruises) and vertically (e.g. a proprietary air fleet and hotels). In early 2018, the group received the first of its 70 Boeing 737 Max 8 and Max 7 narrow-body aircraft, ordered in line with its 2023 fleet renewal objective. The aircraft will be integrated into Tui's six European airlines (in Germany, France Belgium, Sweden, the UK and the Netherlands). […]

- What are the players' key growth and profitability drivers?

Thomas Cook's revenue was up 15.3%, reflecting the successful turnaround of its ailing airline operations. Operating income was at a three-year high, supported by structural improvements in the tour operating business in Continental Europe and physical retail network optimisation (closure of numerous small boutiques and launches of fewer, larger ones). [...]

1. Overview

1.1. The Sector

1.2. Ranking

1.3. Performance analysis

2. Company Profiles

3. Sources

4. Annexes

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