Gross bookings of Expedia Group, Inc. worldwide 2005-2021

Gross bookings of Expedia Group, Inc. roughly doubled in 2021 over the previous year. After dropping sharply to 36.8 billion U.S. dollars in 2021 with the onset of the coronavirus (COVID-19) pandemic, the company's gross bookings went up to 72.4 billion U.S. dollars in 2021, as travel demand increased.

Expedia's place in the global market

Over the years, Expedia has managed to retain its position as one of the leading online travel agencies (OTAs) around the globe. In 2019, it accounted for 35 percent of all OTA revenue worldwide, with more than half of the company's global revenue in that year coming from its customers in the United States. That being said, competitor Booking Holdings held the highest share of the market that year.

The online travel market

With the growth of the internet, more travelers are choosing to organize flights and accommodations online, as shown by the revenue generated by the leading online travel agencies in the market in 2019. This internet usage has extended to applications that consumers can use on their devices. Among those who downloaded a travel application, 64 percent used the app to search for flights and accommodation.