According to a December 2024 analysis, SaaS companies operating in the hospitality industry reported the highest enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide. As estimated, businesses in that segment recorded an EV/Revenue multiple of 7.2x. This figure was 12 times higher than that of the metasearch segment.
Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment
The SaaS (hospitality market) segment refers to companies like Shiji Group, Agilysis, RateGain, SiteMinder, CoStar Group, and Serko.
The lodging segment refers to companies like Hilton, Hyatt, IHG Hotels & Resorts, Accor, Choice Hotels, Wyndham Hotels & Resorts, and Marriott.
The global online travel agencies segment refers to companies like Booking Holdings, Airbnb, Expedia Group, and Trip.com.
The B2B transactional segment refers to companies like Webjet, Lightspeed, Amadeus, and Sabre.
The ride share segment refers to companies like Uber and Lyft.
The leisure segment refers to companies like Hilton Grand Vacations, Marriott Vacations Worldwide, Travel + Leisure, Carnival Cruise Line, and Vail Resorts.
The niche online travel agencies segment refers to companies like MakeMyTrip, Despegar, Adventure, Helloworld Business Travel, Tongcheng Travel, eDreams ODIGEO, and Utour.
The metasearch segment refers to companies like Tripadvisor and Trivago.
The airlines segment refers to companies like Delta, American Airlines, United Airlines, Ryanair, and Southwest.
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AGC Partners. (January 3, 2025). Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/
AGC Partners. "Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment." Chart. January 3, 2025. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/
AGC Partners. (2025). Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment. Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/
AGC Partners. "Estimated Enterprise Value to Revenue (Ev/Revenue) Ratio in The Online Travel Market Worldwide as of December 2024, by Segment." Statista, Statista Inc., 3 Jan 2025, https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/
AGC Partners, Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment Statista, https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/ (last visited June 07, 2025)
Estimated enterprise value to revenue (EV/Revenue) ratio in the online travel market worldwide as of December 2024, by segment [Graph], AGC Partners, January 3, 2025. [Online]. Available: https://www.statista.com/statistics/1039631/leading-online-travel-companies-by-cagr/