The Omicron variant of COVID-19, which emerged in late 2021, illustrated how travel, tourism and hospitality will likely remain at the mercy of the pandemic for some time to come.
Although many countries have not imposed the strict containment measures that have taken place at various stages throughout 2020 and 2021, travel restrictions based on vaccination status and testing requirements have allowed travelers to stay nervous or unable to travel.
Still, many digital travel brands reported sizable increases in year-over-year performance in the final quarter of 2021.
Many also revealed continued improvement in revenue over the course of 2021, although the fourth quarter has traditionally been a slower three-month period than at the start of the year.
Notable mentions include Uber’s record $5.7 billion quarter, $2.9 billion for Booking Holdings and $2.3 billion for Expedia Group, as well as $500 million and $907 million for Saber and Amadeus respectively.
PhocusWire first produced its visualization of quarterly revenue from digital travel agencies stretching back decades in November 2019.
The chart starts in 1995. We recently added revenue from Uber, Lyft, Sonder, Vacasa, and Grab.
Several companies in international markets only report their earnings on a semi-annual basis, which means that their turnover figures on the chart only change twice a year.
All currencies have been converted to US dollars, using the exchange rate as of the date of their respective earnings report.