2022 started with two serious challenges for the travel industry – namely the Omicron variant of COVID and the war in Ukraine that began in February - as well as macroeconomic issues in markets around the world.
Nevertheless, as the year progressed,
travelers returned to the roads and the skies in record numbers.
The summer season exposed the
challenges of the situation
, as consumers unleashed pent-up desire to travel while airports, hotels, car rental companies and other suppliers struggled
with inadequate staffing and a rise in Omicron subvariants.
But most digital travel brands still finished the year with sharp improvements in their revenue year over year.
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Amadeus
and
Sabre
saw their revenue more than double in 2022
compared to 2021.
Expedia Group’s full year revenue
was $11.7 billion, up from $8.6 billion in 2021, and
Booking Holdings fared even better
– up 56% year over year to $17.1 billion.
Also noteworthy,
Airbnb, which became a public company
at the end of 2020, finished the year with revenue of $8.4 billion
, up 40% compared to 2021 and 75% compared to 2019.
PhocusWire first produced its
visualization of digital travel company quarterly revenues
in November 2019.
The chart begins with just one company – Sabre – in 1995, with companies added and removed as they have gone public or private or been acquired.
Several companies in international markets only report
earnings on a half-year basis, which means their revenue numbers on the chart
only change twice a year.
Others such as Yatra and HometoGo have yet to report
Q4 2022 data.
Foreign currencies were converted into U.S dollars, using the exchange rate on
the day earnings were reported.