While most of the leading global travel companies focused mainly on business travel in 1991, leisure travel gradually gained more importance over the next thirty years. By 2022, the leisure travel market was much larger than its business travel counterpart. That year, companies Booking Holdings and Expedia were the travel agencies recording the highest gross sales worldwide, generating roughly 121.3 billion and 95.1 billion U.S. dollars, respectively. These figures surpassed the revenue reported by the leading travel companies in 1991 by a significant margin. In 1991, American Express and Carlson Travel Network - known today as CWT - topped the ranking, with sales amounting to 6.9 billion and 3.4 billion U.S. dollars, respectively.
Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars)
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Travel Weekly. (June 26, 2023). Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars) [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/
Travel Weekly. "Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars)." Chart. June 26, 2023. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/
Travel Weekly. (2023). Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars). Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/
Travel Weekly. "Leading Travel Companies Worldwide in 1991 and 2022, by Gross Sales (in Million U.S. Dollars)." Statista, Statista Inc., 26 Jun 2023, https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/
Travel Weekly, Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars) Statista, https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/ (last visited April 25, 2024)
Leading travel companies worldwide in 1991 and 2022, by gross sales (in million U.S. dollars) [Graph], Travel Weekly, June 26, 2023. [Online]. Available: https://www.statista.com/statistics/1324251/leading-travel-companies-worldwide-by-sales-historical-overview/