• Share full article


Supported by

Travel Industry Takes Crucial First Step Toward Combating Climate Change

More than 300 travel companies, tourism boards and countries have signed the Glasgow Declaration on Climate Action in Tourism, the first step for a shared road map to cut carbon emissions.

travel company in news

By Ceylan Yeginsu

The travel industry has reached a turning point.

As thousands of scientists, government officials and business leaders met in Glasgow over the past two weeks for the pivotal United Nations climate conference , hundreds of members of the trillion-dollar tourism industry came together and made the first commitment toward a shared road map to cut carbon emissions in half by 2030 and reach “net zero” by 2050.

More than 300 global travel stakeholders, including tour operators, tourism boards and hotel chains, have signed the Glasgow Declaration on Climate Action in Tourism, requiring them to submit a concrete and transparent plan within 12 months. While the details have yet to be put forward, the companies and countries that signed on, from Germany railway company Deutsche Bahn AG to the country of Panama, will be expected to disclose their carbon emissions and offer clear strategies for how to reduce them. The process is being spearheaded by the U.N. World Tourism Organization and the World Travel & Tourism Council, two industry bodies that have previously sparred on climate matters.

“This is undoubtedly the biggest climate commitment our industry has come together for,” said Jeremy Smith, the co-founder of Tourism Declares a Climate Emergency , an initiative that supports climate action and provided the framework for the Glasgow Declaration.

“Our initiative launched two years ago because the industry had no collective plan, and we did well getting over 400 tourism organizations on board without funding,” he said. “But the Glasgow Declaration builds on our work. It’s the coming together of major players in our sector and it’s owned by everyone who has signed it, establishing collective responsibility.”

The travel industry is a large contributor to global carbon emissions, with a footprint estimated between 8 and 11 percent of total greenhouse gases, according to the World Travel & Tourism Council, or W.T.T.C . Aviation alone represents around 17 percent of total travel carbon emissions. Each year, a growing number of destinations and communities heavily dependent on tourism — countries like Thailand, India and Madagascar — are hit hard by the impacts of climate change, in the form of rising sea levels, drought, wildfires, deforestation and biodiversity loss.

The pandemic spotlighted the adverse impact of industry growth and overtourism on Venice, Bali and other popular destinations, forcing some places to take stock and pivot toward more sustainable and environmentally friendly business models. Yet with most operators and destinations reeling from the industry shutdown last year, it is unclear how many of those plans will be prioritized over the need for fast recovery.

“We need a cultural change and we need to move beyond the traditional growth-oriented mind-sets to see a more sustainable, responsible and climate-neutral tourism ecosystem,” said Patrick Child, deputy director general of environment at the European Commission.

travel company in news

52 Places to Love in 2021

We asked readers to tell us about the spots that have delighted, inspired and comforted them in a dark year. Here, 52 of the more than 2,000 suggestions we received, to remind us that the world still awaits.

‘A lot of apathy’

The declaration has four main targets: measurement, requiring companies to disclose all travel- and tourism-related emissions; decarbonization, by setting targets aligned with climate science; regeneration, to restore and protect natural ecosystems; and collaboration, to ensure best practices are shared and financing is available to follow through.

A recent analysis by the W.T.T.C. of 250 travel businesses found that only 42 percent had publicly announced climate targets and many of them were not based on the latest science. The council last week published a road map for different industries within travel, providing concrete guidance on how to reach “net zero” targets by 2050.

“There has been a lot of apathy, with some people not quite sure about what they need to do and how to do it, or some thinking they are not significant enough, and that’s why it’s really important for larger organizations to show the way,” said Darrell Wade, the co-founder and chairman of Intrepid Travel , the only global tour company with a climate target verified by the Science Based Targets initiative , which promotes best practices in emissions reductions in line with climate science.

Joining Deutsche Bahn and Panama in signing the Glasgow Declaration are big companies like Accor, Skyscanner, The Travel Corporation and Iberostar Group , as well as countries that are already affected by climate change, including Norway and Barbados. Signatories hope that more destinations will participate in the coming weeks.

Throughout his experience in the Tourism Declares a Climate Emergency initiative, Mr. Smith found it easier to get smaller, more agile companies and smaller countries involved. When it came to larger companies, there were more barriers and obstacles, he said.

“When you reach a destination, or even a city, it becomes even harder because there are multiple different players with different interests at the scale of a country,” he said. “It takes time.”

Panama, one of only three carbon-negative countries in the world (meaning that it absorbs more carbon emissions than it emits), has taken a lead role in establishing initiatives for economic growth in tourism, which also benefit and preserve local communities and resources.

“Our main plan for our sustainable tourism market is to empower local communities, particularly Indigenous people, so that they can generate an income through tourism that allows them to preserve their ancestral way of life, allowing them to sustainably manage their natural resources like forests and coral reefs,” said Ivan Eskildsen, Panama’s tourism minister.

He pointed to an example of a trail that was built in a national park that was designed to involve local communities in the active management of the area. “Over 30 percent of our land and sea are preserved national parks, so it’s humanly impossible to supervise all these areas,” he said. “The community can benefit economically from these areas and will also be prone to stay and take care of it instead of only coming there for short-term income.”

Visit Scotland, that country’s national tourism organization, which helped draft the declaration, has also taken a lead role. The organization has reduced its own carbon emission by 74 percent since 2008, and more than 850 local businesses have been given green tourism awards for their sustainability efforts.

Challenges persist

While the Glasgow Declaration has garnered great momentum and established common objectives, challenges lie ahead, especially when it comes to setting a global standard for reporting emissions figures for such a wide range of sectors within the industry, from tour operators to destinations, and airlines to cruise ships.

Signatories are expected to hold each other accountable and set common standards throughout international supply chains. Once action plans have been submitted within the next year, a reporting framework will be necessary. Anyone who fails to submit a road map within that time frame will be removed from the declaration.

“It is really important to bring value chains together,” said Catherine Dolton, the chief sustainability officer at IHG Hotels and Resorts. “Hotel developers, hotel owners, investors, franchisees, as well as the operators, are all impacting sustainability at different stages of the hotel life cycle.”

Visibly absent from the list of signatories were members of the cruise industry. The sector made a separate pledge to pursue carbon-neutral cruising by 2050 and reduce emissions 40 percent by 2030 in an annual environmental report, published last week by the industry trade group, Cruise Line International Association. While the report makes detailed commitments to reducing the cruise industry’s carbon footprint using new technology and alternative fuels, it does not address other environmental issues such as discharge of waste.

“Despite technical advances and some surveillance programs, cruising remains a major source of air, water (fresh and marine) and land pollution affecting fragile habitats, areas and species, and a potential source of physical and mental human health risks,” according to a recent report by the Marine Pollution Bulletin Journal.

Though there was some disappointment about the limited participation of some industries in the pledge, the overall sentiment was one of optimism and a belief that the declaration would lead to real change and less “greenwashing,” a term used to describe companies that try to portray themselves as more environmentally minded than they actually are.

“I’ve long been quite pessimistic about travel and tourism’s approach toward climate change,” said Mr. Wade of Intrepid Travel, which recently published a tool kit, available online, to help travel businesses measure and reduce their carbon emissions. “But now I’m really very optimistic because there is broad-level support from the industry to actually reduce emissions, and it’s the first time I’ve seen real concrete commitments from industry and governments.”

Follow New York Times Travel on Instagram , Twitter and Facebook . And sign up for our weekly Travel Dispatch newsletter to receive expert tips on traveling smarter and inspiration for your next vacation. Dreaming up a future getaway or just armchair traveling? Check out our 52 Places list for 2021 .

Ceylan Yeginsu is a London-based reporter. She joined The Times in 2013, and was previously a correspondent in Turkey covering politics, the migrant crisis, the Kurdish conflict, and the rise of Islamic State extremism in Syria and the region. More about Ceylan Yeginsu

  • Election 2024
  • Entertainment
  • Newsletters
  • Photography
  • Personal Finance
  • AP Investigations
  • AP Buyline Personal Finance
  • AP Buyline Shopping
  • Press Releases
  • Israel-Hamas War
  • Russia-Ukraine War
  • Global elections
  • Asia Pacific
  • Latin America
  • Middle East
  • Election Results
  • Delegate Tracker
  • AP & Elections
  • Auto Racing
  • 2024 Paris Olympic Games
  • Movie reviews
  • Book reviews
  • Personal finance
  • Financial Markets
  • Business Highlights
  • Financial wellness
  • Artificial Intelligence
  • Social Media

In this provided by the California Department of Transportation, a section of Highway 1 re-opened, Friday, May 17, 2024, in Big Sur, Calif., after repairs were made following storm damage. (Kevin Drabinski/California Department of Transportation via AP)

California’s scenic Highway 1 to Big Sur opens to around-the-clock travel as slide repair advances

FILE - A Federal Aviation Administration sign hangs in the tower at John F. Kennedy International Airport in New York, March 16, 2017. Congressional negotiators have agreed on a $105 billion bill designed to improve the safety of air travel after a series of close calls between planes at the nation’s airports. (AP Photo/Seth Wenig, File)

House signs off on FAA bill that addresses aircraft safety and the refund rights of passengers

Festival workers lay the red carpet at the Palais des Festivals on opening day of the 77th international film festival, Cannes, southern France, Tuesday, May 14, 2024. The Cannes film festival runs from May 14 until May 25, 2024. (Photo by Andreea Alexandru/Invision/AP)

How Cannes works, from the standing ovations to the juries to the Palm Dog

Malians take part in the annual replastering of the world's largest mud-brick building, the Great Mosque of Djenne, Mali, Sunday, May 12, 2024. The building has been on UNESCO's World Heritage in Danger list since 2016. The mosque and surrounding town are threatened by conflict. Djenne's mosque requires a new layer of mud each year before the start of the rainy season in June. (AP Photo/Moustapha Diallo)

Thousands replaster Mali’s Great Mosque of Djenne, which is threatened by conflict

FILE - The Transportation Security Administration's new facial recognition technology is seen at a Baltimore-Washington International Thurgood Marshall Airport security checkpoint, April 26, 2023, in Glen Burnie, Md. A bipartisan group of senators wants restrictions on the use of facial recognition technology by the TSA, saying they're concerned about travelers' privacy and civil liberties.(AP Photo/Julia Nikhinson, File)

Senators want limits on the government’s use of facial recognition technology for airport screening

Science and nature inspire huge new sculpture series at london’s kew gardens.

London’s Royal Botanic Gardens, Kew is showcasing sculptures inspired by nature. (01 May 2024) (AP/ Cassandra Allwood)

Watch therapy dogs comfort anxious travelers at Istanbul airport

Balloon museum exhibit awakens our childlike wonder, nyc natural history museum previews new wing, united airlines says it has regained some privileges that were suspended after problem flights, cruise ship sails into new york city port with 44-foot dead whale across its bow, cruise ship worker accused of stabbing 3 people with scissors on board vessel bound for alaska.

Mick Jagger, of the Rolling Stones, performs during the New Orleans Jazz and Heritage Festival in New Orleans, Thursday, May 2, 2024. (AP Photo/Matthew Hinton)

The Rolling Stones are set to rock New Orleans Jazz Fest after two previous tries

FILE - A United Airlines flight information screen displays flight information, including canceled flights, at O'Hare International Airport in Chicago, Jan. 14, 2024. Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours. (AP Photo/Nam Y. Huh, File)

Consumer groups push Congress to uphold automatic refunds for airline passengers

FILE - Southwest Airlines plane prepares to land at Midway International Airport, Feb. 12, 2023, in Chicago. Flight attendants at Southwest Airlines on Wednesday, April 24, 2024, ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the industry's recovery since the pandemic. (AP Photo/Kiichiro Sato, File)

Southwest Airlines is considering changes to its quirky boarding and seating practices

FILE — This undated inmate photo provided by the Blue Ridge Regional Jail Authority shows Estes Carter Thompson III. Police arrested Thompson, an American Airlines flight attendant, Thursday, Jan 18, 2024, on suspicion of trying to secretly record a 14-year-old female passenger using a bathroom aboard an airplane he was working on last September. Thompson was indicted Thursday, April 25, 2024, by a federal grand jury. (Blue Ridge Regional Jail Authority via AP, File)

Flight attendant indicted in attempt to record teen girl in airplane bathroom

A british tourist is in a hospital after a shark attack. tobago closes several beaches.

FILE - A track from a wolf is seen in the mud near the Slough Creek area of Yellowstone National Park, Wyo., Wednesday, Oct. 21, 2020. As Yellowstone National Park in Wyoming opens for the busy summer season, wildlife advocates are leading a call for a boycott of the conservative ranching state over laws that give people wide leeway to kill gray wolves with little oversight. (AP Photo/Matthew Brown, File)

Animal groups are urging tourists not to visit Wyoming after a man hit a wolf then took it to a bar

FILE- Mayor Patrick Rosenello stands next to a destroyed section of sand dune in North Wildwood N.J., Jan. 22, 2024.. on April 25, 2024, North Wildwood and the state of New Jersey announced an agreement for an emergency beach replenishment project there to protect the city until a full-blown beach fill can be done by the U.S. Army Corps of Engineers that may still be two years away. Winter storms punched a hole through what is left of the city's eroded dune system, leaving it more vulnerable than ever to destructive flooding. (AP Photo/Wayne Parry, File)

Help is coming for a Jersey Shore town that’s losing the man-vs-nature battle on its eroded beaches

FILE - The air traffic control tower of Charles de Gaulle airport is pictured in Roissy-en-France, north of Paris, Tuesday, April 23, 2024 in Paris. Air passengers traveling to and from Paris experienced significant disruptions on Thursday, despite a canceled strike by air traffic controllers after last-minute negotiations. Although the strike was averted, the prior adjustments made in anticipation caused a substantial reduction in flight operations. (AP Photo/Thibault Camus, File)

French air traffic controllers cancel a strike but Paris flights are still disrupted

Stewards check tourists QR code access outside the main train station in Venice, Italy, Thursday, April 25, 2024. The fragile lagoon city of Venice begins a pilot program Thursday to charge daytrippers a 5 euro entry fee that authorities hope will discourage tourists from arriving on peak days. The daytripper tax is being tested on 29 days through July, mostly weekends and holidays starting with Italy's Liberation Day holiday Thursday. Officials expect some 10,000 people will pay the fee to access the city on the first day, downloading a QR code to prove their payment, while another 70,000 will receive exceptions, for example, because they work in Venice or live in the Veneto region. (AP Photo/Luca Bruno)

Venice tests a 5-euro entry fee for day-trippers as the Italian city grapples with overtourism

U.S. Secretary of Transportation Pete Buttigieg, center, Sen. Catherine Cortez Masto, right, drive rail spikes into a symbolic rail, on Monday, April 22, 2024, in Las Vegas. A $12 billion high-speed passenger rail line between Las Vegas and the Los Angeles area has started construction. (AP Photo/Ty ONeil)

Rail spikes hammered, bullet train being built from Sin City to the City of Angels

FILE - Joan Torrent, 64, walks toward his house carrying two plastic jugs of water refilled at a natural spring in Gualba, about 50 km, (31 miles) northwest of Barcelona, Spain, Wednesday, Jan 31, 2024. Spain’s drought-stricken northeastern Catalonia is considering imposing water restrictions on tourists in the driest parts of the region if domestic consumption is not curtailed, the Catalan government said Tuesday April 16, 2024. (AP Photo/Emilio Morenatti, File)

Barcelona to get floating desalination plant to help fight drought in northeastern Spain

A man carries a child through floodwater caused by heavy rain while waiting for transportation on Sheikh Zayed Road highway in Dubai, United Arab Emirates, Thursday, April 18, 2024. The United Arab Emirates attempted to dry out Thursday from the heaviest rain the desert nation has ever recorded, a deluge that flooded out Dubai International Airport and disrupted flights through the world's busiest airfield for international travel. (AP Photo/Christopher Pike)

United Arab Emirates struggles to recover after heaviest recorded rainfall ever hits desert nation

Emergency management work in the former Stock Exchange of Copenhagen, Boersen, Wednesday, April 17, 2024. A fire raged through one of Copenhagen’s oldest buildings on Tuesday, causing the collapse of the iconic spire of the 17th-century Old Stock Exchange as passersby rushed to help emergency services save priceless paintings and other valuables. (Liselotte Sabroe/Ritzau Scanpix via AP)

Copenhagen fights the last pockets of a fire that destroyed a 400-year-old landmark

Travelers queue up for the check-in counter for Aeromexico Airlines Tuesday, April 16, 2024, in Denver International Airport in Denver. (AP Photo/David Zalubowski)

The Biden administration recruits 15 states to help enforce airline consumer laws

Don’t let it flow: tourists to spain’s catalonia may soon see water restrictions in the dry season.

FILE - Boeing employees walk the new Boeing 787-10 Dreamliner down towards the delivery ramp area at the company's facility after conducting its first test flight at Charleston International Airport, Friday, March 31, 2017, in North Charleston, S.C. A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying safety concerns about the company’s aircraft. The panel has summoned Boeing's CEO, Dave Calhoun, to a hearing next week where a company engineer, Sam Salehpour, is expected to detail safety concerns about the manufacture and assembly of Boeing’s 787 Dreamliner. (AP Photo/Mic Smith, File)

Boeing pushes back on whistleblower’s allegations and details how airframes are put together

This image released by the Italian Culture Ministry on Wednesday, April 10, 2024, shows a fresco depicting the Greek mythology's figures of Helen, left, and Paris of Troy, right, inside an imposing banquet hall, with elegant black walls, decorated with mythological subjects inspired by the Trojan War, recently unhearted in the Pompeii archaeological area near Naples in southern Italy. (Italian Culture Ministry via AP, HO)

Project to shore up Pompeii yields stunning black banquet hall, with frescoes of Trojan War figures

Tourists visit Bayon temple at Angkor Wat temple complex in Siem Reap province, Cambodia, Wednesday, April 3, 2024. The Angkor site is one of the largest archaeological sites in the world, spread across some 400 square kilometers (155 square miles) in northwestern Cambodia. It contains the ruins of Khmer Empire capitals from the 9th to 15th centuries, including the temple of Angkor Wat, featured on several Cambodian banknotes, such as the 2,000 riel note depicting rice farmers working fields around the temple, as well as the country's flag. (AP Photo/Heng Sinith)

Cambodia’s relocation of people from UNESCO site raises concerns

FILE - A tourist takes a selfie with the Christ the Redeemer statue in Rio de Janeiro, Brazil, Nov. 25, 2017. Brazil’s government has postponed until April 2025 tourist visa exemptions for citizens of the U.S., Australia, and Canada that had been scheduled to end on Wednesday, according to a decree published in the nation's official gazette. (AP Photo/Bruna Prado, File)

Brazil again extends visa exemptions for US, Canada and Australia, this time until 2025

YouTuber Ium Daro, who started filming Angkor monkeys about three months ago, follows a mother and a baby along a dirt path with his iPhone held on a selfie stick near Bayon temple at Angkor Wat temple complex in Siem Reap province, Cambodia, Tuesday, April 2, 2024. (AP Photo/Heng Sinith)

Cruelty for clicks: Cambodia is investigating YouTubers’ abuse of monkeys at the Angkor UNESCO site

Troops from France's 1er Regiment de le Garde Republicaine partake in the Changing of the Guard ceremony at Buckingham Palace, to commemorate the 120th anniversary of the Entente Cordiale - the historic diplomatic agreement between Britain and France which laid the groundwork for their collaboration in both world wars, in London, Monday, April 8, 2024. France is the first non-Commonwealth country to take part in the Changing of the Guard. (Victoria Jones/Pool Photo via AP)

British, French troops march in historic joint parades in London and Paris in a show of solidarity

80-year-old american tourist killed in elephant attack during game drive in zambia.

The collapsed section of the southbound lane of Highway 1 at Rocky Creek Bridge is marked off by cones Thursday, April 4, 2024, in Big Sur, Calif. The break has caused the closure of the scenic road. (AP Photo/Godofredo A. Vásquez)

Stretch of California Highway 1 that collapsed in Big Sur closes again as new storm arrives

FILE - People in the arrivals area at Heathrow Airport in London, Jan. 26, 2021. The British government says it will grant extensions to several large U.K. airports unable to meet the June 1 deadline to fully install new scanning technology that would have allowed passengers to take two liters (70 ounces) of liquid in their hand luggage — rather than the current paltry 100 milliliters (3.5 ounces). (AP Photo/Matt Dunham, File)

UK airports get more time to put in new scanners that will allow more liquids and packed laptops

A view of the cruise ship MSC Armony moored in the port of Barcelona, Spain, Wednesday, April 3, 2024. Authorities said Wednesday that a group of 69 Bolivians are not being allowed to disembark from a cruise ship in the Spanish northeastern port of Barcelona because they lack valid documents to enter the European Union's Schengen area. (AP Photo/Emilio Morenatti)

Cruise ship carrying 1,500 passengers stuck in Spain port due to Bolivian passengers’ visa problems

Klaus Mäkelä, new director of the Chicago Symphony Orchestra, poses for a portrait Wednesday, March 20, 2024, at the Mandarin Oriental in New York. (AP Photo/Frank Franklin II)

Klaus Mäkelä, just 28, to become Chicago Symphony Orchestra music director in 2027

FILE - In this aerial photo, responders are seen near wreckage in the aftermath of a fatal, multi-vehicle pileup on I-55 in Manchac, La., Oct. 23, 2023. The National HIghway Traffic Safety Administration will release its estimate of traffic deaths for 2023 on Monday, April 1, 2024. (AP Photo/Gerald Herbert, File)

US traffic deaths fell 3.6% in 2023, the 2nd straight yearly drop. But nearly 41,000 people died

travel company in news

The long awaited Venice day tripper tax is coming into force in 2024.

  • Search Please fill out this field.
  • Manage Your Subscription
  • Give a Gift Subscription
  • Newsletters
  • Sweepstakes

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation.

  • World's Best

The 15 Best Tour Operators in 2022

These are the companies Travel + Leisure readers trust to provide them with travel expertise and memorable experiences.

travel company in news

Note: If you’re looking for our most recent recommendations, check out the 2023 list of our favorite tour operators .

When it comes to an itinerary, Travel + Leisure readers want more than a string of photo opportunities — and the right tour operator makes all the difference in creating a trip of a lifetime versus one that simply checks off a list of sights. This year, our readers were especially drawn to companies that utilize local expertise and experience to thoughtfully design trips that will entertain as well as inspire.

Every year for our World's Best Awards survey , T+L asks readers to weigh in on travel experiences around the globe — to share their opinions on the top hotels, resorts, cities, islands, cruise ships, spas, airlines, and more. Readers rated tour operators and safari outfitters based on their staff and guides, itineraries and destinations, activities, accommodations, food, and overall value.

The top picks were noted for their deep knowledge of destinations and guides who "go the extra mile." One reader who has been traveling for more than five decades said a trip with Classic Journeys (No. 2) was the "very best" they had experienced. Others noted attention to pandemic safety details, while one who went to Norway was charmed by a "wonderful surprise dinner in Bergen out on the water that was fantastic."

Tour operators that seamlessly navigated the logistics of a trip also came out on top. Quasar Expeditions (No. 9) was noted "for really planning out every detail" so that "all you have to do is show up and have a great time." Meanwhile, of TCS World Travel (No. 10), a guest said: "You never lift a finger and just spend your time actually exploring the destination." They even added that they "learned so much" along the way.

Among the five companies on this year's list that weren't on last year's were two women-only tour operators that cater to travelers of all ages. AdventureWomen (No. 14) has multiday tours designed by women from Bhutan to Yellowstone National Park, while Explorer Chick (No. 15) has everything from day trips — like glassblowing in Baltimore and cave rappelling in St. Louis — to full itineraries in Machu Picchu and the Galápagos. One reader said her Everest Base Camp trip with AdventureWomen was filled with "like-minded women" who "bonded so well," while another said she felt it was a "safe tour group for women."

No matter which tour they chose, readers were most taken by the people they met along the way, as one said of Trek Travel (No. 13): "By the end of the trip, a group of strangers felt like longtime friends." Find out which other companies round out the list of the best tour operators below.

1. DuVine Cycling + Adventure Co.

A tour with DuVine goes far beyond just riding a bike — it's a way to really see the character of a destination. Case in point: even those who say they're not necessarily cycling fans have been converted. That's part of what helped the tour operator — which runs trips in Europe, the U.S., Latin America, and Africa — skyrocket from No. 14 last year to this year's top spot. Its "top-notch biking equipment" and "challenging but doable itineraries" didn't hurt either. One reader was especially taken by a guide picking figs off of a local tree in Puglia for an extra energy boost during a tough climb, as well as another guide singing to the group after dinner. As another reader put it simply: "They exceed your expectations."

Score: 99.12

More information: duvine.com

2. Classic Journeys

Score: 99.04

More information: classicjourneys.com

3. Artisans of Leisure

Score: 98.38

More information: artisansofleisure.com

4. (tie) Black Tomato

Score: 98.33

More information: blacktomato.com

4. (tie) GeoEx

More information: geoex.com

4. (tie) Wilderness Travel

More information: wildernesstravel.com

7. Inside Japan Tours

Score: 98.14

More information: insidejapantours.com

8. Kensington Tours

Score: 98.03

More information: kensingtontours.com

9. Quasar Expeditions

Score: 97.84

More information: quasarex.com

10. TCS World Travel

Score: 97.78

More information: tcsworldtravel.com

11. Butterfield & Robinson

Score: 97.33

More information: butterfield.com

Score: 96.95

More information: tauck.com

13. Trek Travel

Score: 96.90

More information: trektravel.com

14. AdventureWomen

Score: 96.11

More information: adventurewomen.com

15. Explorer Chick

Score: 95.87

More information: explorerchick.com

Related Articles

The New Normal: Travel Companies Temper Expectations for 2024


FILE PHOTO: A cleaning lady wearing a protective face mask wipes dust in the lobby at the Sacher hotel in Vienna, Austria May 28, 2020. REUTERS/Leonhard Foeger/File Photo

By Doyinsola Oladipo

NEW YORK (Reuters) -The buzzword from travel companies for 2024 is "normal."

After the pandemic slammed the brakes on the tourism industry, and the subsequent years were the era of "revenge travel," hotel operators Hilton Worldwide and Marriott International and online travel agency Expedia expect demand to grow more slowly this year.

They, along with other travel companies, are forecasting full-year 2024 profits short of the consensus from Wall Street analysts. That has been a disappointment to investors, as people had been making more room in their spending budgets for vacations and hotel stays.

"We expect travel demand to remain relatively healthy, but we expect growth rates across the world to decelerate," Expedia Chief Executive Officer Peter Kern told investors on a call.

Marriott told investors that it expects 2024 revenue per available room, a closely watched industry metric for hotels' top-line performance, to increase between 3% and 5% this year, after nearly 15% growth in 2023.

Similarly, Hilton expects full-year room revenue to rise between 2% and 4% in 2024, down from a 12.6% increase in 2023.

"The rebound impact from the pandemic has waned," Marriott's CEO Anthony Capuano told investors on a call.

So far this year, Marriott and Hilton shares have risen 3.4% and 3.3%, respectively, after gains of 51.46% and 44.10% in 2023.

The U.S. hotel industry notched new records for the average daily room rate and revenue per available room, according to commercial real estate analytics firm CoStar, but that may not be repeated this year.

Average U.S. revenue per available room in 2023 was $97.97, up 4.9% from 2022. Average daily rates rose 4.3% to $155.62, according to CoStar.

Despite expectations for travel costs to rise 3.5% year-over-year in 2024, travelers have an average of about 4.9 trips planned per person, a 2% rise above 2019 levels, according to a survey of over 500 U.S. travelers by Jefferies.

Short-term rental company Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel.

However, the company expects the growth rate of nights booked in the quarter to moderate compared with the fourth quarter of 2023. Average daily rates for the quarter are expected to be flat or slightly up year-over-year, the company said.

One laggard for hospitality companies has been China, but the hotel giants were more optimistic about that country's growth for the coming year as well as rebounding group and business travel.

"For the hotel industry, 2024 will be the first normal year we've seen since 2019," said Patrick Scholes, Truist equity analyst. "The last market still needing to catch up is China."

Hilton forecast 2024 adjusted profit between $6.80 and $6.94 per share, below the analyst consensus for $7.07, while Marriott's range was $9.18 to $9.52 per share, versus expectations for $9.69 per share, LSEG data showed.

Airfares are also expected to soften, analysts said, as excess domestic capacity has weakened the pricing power of air carriers.

In January, domestic airfare averaged $273 per round-trip ticket, up 1.8% from 2023 but down 2.2% from 2019, according to data from travel booking app Hopper.

Expedia said it expects revenue growth in 2024 to be in the mid-single digits after a 10% increase in revenue in 2023, and it said pricing should be soft across several categories in 2024. The company's gross air bookings were partially affected by lower average ticket prices and continued pressure on car rental rates.

Investors will get another look at how the accommodations sector performed in the fourth quarter when vacation rental company Airbnb reports earnings after the bell on Tuesday.

(Reporting by Doyinsola Oladipo in New York; additional reporting by Aishwarya Jain in Bengaluru; Editing by Nick Zieminski and Jonathan Oatis)

Copyright 2024 Thomson Reuters .

Tags: United States

The Best Financial Tools for You

Credit Cards

travel company in news

Personal Loans

travel company in news

Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

travel company in news

Subscribe to our daily newsletter to get investing advice, rankings and stock market news.

See a newsletter example .

You May Also Like

7 best money market funds for 2024.

Tony Dong May 17, 2024

travel company in news

5 Best No-Load Mutual Funds

Coryanne Hicks May 17, 2024

travel company in news

Top Stocks From All 11 Market Sectors

Glenn Fydenkevez May 16, 2024

travel company in news

Top Ray Dalio Stocks for 2024

Brian O'Connell May 16, 2024

travel company in news

What Are Financial Advisor Disclosures?

Marguerita Cheng May 16, 2024

travel company in news

21 Investors to Follow on Social Media

Ian Bezek May 16, 2024

travel company in news

7 Best Vanguard Bond Funds to Buy

Tony Dong May 15, 2024

travel company in news

Best Bond Funds for Retirement

Coryanne Hicks May 15, 2024

travel company in news

8 Best Quantum Computing Stocks to Buy

Brian O'Connell May 15, 2024

travel company in news

7 Best High-Dividend Stocks Under $10

Jeff Reeves May 15, 2024

travel company in news

7 Best REIT ETFs to Buy for 2024

Glenn Fydenkevez May 14, 2024

travel company in news

Roundtable Q&A on the Inflation Dilemma

Rachel McVearry May 14, 2024

travel company in news

7 Best International Stock Funds to Buy

Tony Dong May 14, 2024

travel company in news

7 Top Financial Advisor Firms by AUM

Marc Guberti May 14, 2024

travel company in news

Brokerage Account vs. IRA: Which Wins?

Wayne Duggan May 14, 2024

travel company in news

5 Great Fixed-Income Funds to Buy Now

Tony Dong May 13, 2024

travel company in news

7 High-Return, Low-Risk Investments

Brian O'Connell May 13, 2024

travel company in news

Best Vanguard ETFs to Buy

travel company in news

7 Best Equal-Weight ETFs to Buy

Glenn Fydenkevez May 13, 2024

travel company in news

These 3 Fund Families Control the Market

Wayne Duggan May 13, 2024

travel company in news

an image, when javascript is unavailable

Today's Digital Daily

site categories

Parent item expand the sub menu, exclusive: iris van herpen unveils the world’s first 3d-printed wedding dress, yohji yamamoto writes letter to the future at 10 corso como, ‘bridgerton’ season three new face hannah dodd on francesca’s journey, away names first president as luggage company accelerates growth with return of travel.

Away has promoted its CFO to the new role of president as the company prepares for aggressive growth.

Accessories Editor

  • Share this article on Facebook
  • Share this article on X
  • Share this article on Flipboard
  • Share this article on Pin It
  • Share this article on Tumblr
  • Share this article on Reddit
  • Share this article on LinkedIn
  • Share this article on WhatsApp
  • Share this article on Email
  • Print this article
  • Share this article on Talk


Away is eyeing further growth and has appointed its first president. The direct-to-consumer luggage and lifestyle brand has promoted chief financial officer Catherine Dunleavy to the newly created position.

As Away’s president, Dunleavy will oversee strategy, operations and supply chain, digital product, legal and finance. Away will look to hire a new CFO.

Related Articles

Vilebrequin and blue note jazz club collaborate on collection, cnn champions for change 2024: 4kinship indigenous fashion brand founder amy denet deal.

Earlier this year, Away added a new product offshoot called F.A.R. — For All Routes — to its assortment, a collection of luggage with outdoorsy, performance-driven tourism in mind. This, coupled with the return of travel , has helped the company exceed its pandemic recovery projections, it said.

Dunleavy said of her new job: “I’m incredibly proud of the work that the entire Away team has accomplished since I joined the company two years ago. I’m honored that [cofounder] Jen Rubio and the board have given me their confidence to drive greater impact in this new role. Away’s continued growth amid tumultuous macro-environments coupled with our impressive brand affinity highlight just how beloved Away remains, despite external factors impacting retail and travel industries. I’m excited to work alongside Away’s best-in-class executive team as we continue to catapult the company’s future growth together.”

In an exclusive statement to WWD, Rubio said that adding the role of president to Away’s executive lineup has been a long time coming. “I, along with Away’s board, have been eager to establish this role for some time. Over the last few years, one of my biggest priorities has been to build a top-tier leadership team to help me steer the business into the future. Throughout that process — and as the business continues to strengthen and mature — we identified this new structure as an opportunity to create deeper focus, drive greater impact across the business and enable a more seamless execution of our long-term plans,” Rubio said.

Rubio, who remains the brand’s chief executive officer, added: “It’s important to note that the position of president is not simply an extension of scope for our financial function, but rather a distinct role that will leverage Catherine’s experience and expertise in a new capacity. As president, Catherine will directly oversee finance, legal, operations and supply chain, and technology functions. As a result, I’ll be able to dedicate increased focus on our brand, our products and our people operations.”

Sign up for WWD news straight to your inbox every day

‘Back to Black’ Star Marisa Abela Talks About The ‘Iconic’ Style of Amy Winehouse

WWD and Women's Wear Daily are part of Penske Media Corporation. © 2024 Fairchild Publishing, LLC. All Rights Reserved.

Fashion Expand fashion menu

  • Fashion Trends
  • Fashion Features
  • Fashion Scoops
  • Designer & Luxury
  • Ready-To-Wear
  • Accessories

Business Expand business menu

  • Government & Trade
  • Mergers & Acquisitions
  • Marketing & Promotion
  • Human Resources
  • Business Features
  • Real Estate

Beauty Expand beauty menu

  • Beauty Features

Men's Expand mens menu

  • Mens Accessories
  • Mens Clothing Furnishings
  • Mens Designer Luxury
  • Mens Lifestyle
  • Mens Retail Business
  • Mens Sportswear
  • Mens Fashion

Runway Expand runway menu

  • Men’s Fall 2024
  • Pre-Fall 2024
  • Spring Ready-to-Wear 2024
  • Fall Couture 2023
  • Resort 2024

Denim Expand denim menu

Sustainability expand sustainability menu.

  • Environment
  • Social Impact

Home/Design Expand home-design menu

  • Interior Design
  • Architecture

WWD Weekend Expand wwd-weekend menu

Events expand events menu, eye expand eye menu.

  • Celebrity Real Estate

Shop Expand shop menu

More expand more menu.

  • Fairchild Live
  • RetailRx Community

Verify it's you

Please log in.

travel company in news

Find Your Next Vacation

Design your perfect vacation by choosing from the best ranked hotels, cruises and destinations.

travel company in news

Best Vacations

Find the perfect vacation based on region and type.

travel company in news

Best Cruises

Explore cruises and find the one that's right for you.

travel company in news

Best Hotels

Browse more than 35,000 hotels across the world.

travel company in news

Best Rewards

Research the best hotel and airline rewards programs.

Travel Advice

travel company in news

The 28 Best Water Parks in the U.S. for 2024

travel company in news

The 25 Best Beaches on the East Coast for 2024

travel company in news

The 50 Best Hotels in the USA 2024

travel company in news

The 32 Most Famous Landmarks in the World

Where do you want to go.

travel company in news


travel company in news

Grand Canyon

travel company in news

New York City

travel company in news

Rio de Janeiro

travel company in news

Amalfi Coast

travel company in news

The Maldives

Popular rankings.

travel company in news

Best Places to Visit in the USA

  • # 1 Glacier National Park
  • # 3 Grand Canyon National Park

More Rankings in the USA

  • Best Cheap Vacations in the U.S. for 2023
  • Best Romantic Getaways in the U.S. for 2024
  • Best Family Vacations in the USA for 2024
  • Best Small Towns to Visit in the USA
  • Best Honeymoon Destinations in the USA
  • Places to Visit in the USA

travel company in news

Best Places to Visit in Canada

  • # 2 Jasper National Park
  • # 3 Vancouver, Canada

More Rankings in Canada

  • Best Family Vacations in Canada
  • Best National Parks in Canada
  • Places to Visit in Canada

travel company in news

Best Places to Visit in the Caribbean

  • # 1 Turks & Caicos
  • # 2 St. Lucia
  • # 3 British Virgin Islands

More Rankings in the Caribbean

  • Best Cheap Caribbean Vacations
  • Best Family Vacations in the Caribbean
  • Best Caribbean Beaches for 2024
  • Best Caribbean Honeymoons
  • Places to Visit in the Caribbean

travel company in news

Best Places to Visit in Europe

  • # 3 Swiss Alps

More Rankings in Europe

  • Best Cheap European Vacations for 2023-2024
  • Best Family Vacations in Europe
  • Best Winter Vacations in Europe
  • Best Eastern Europe Travel Spots
  • Places to Visit in Europe

travel company in news

Best Places to Visit in Mexico

  • # 1 Zihuatanejo
  • # 3 Cozumel

More Rankings in Mexico

  • Best Mexico Beaches for 2024
  • Best Cheap Mexico Vacations
  • Places to Visit in Mexico

travel company in news

Best Luxury Cruise Lines

  • # 1 Viking Ocean Cruises
  • # 2 Seabourn Cruise Line
  • # 3 Regent Seven Seas Cruises

More Cruise Line Rankings

  • Cruise Lines for the Money
  • Cruise Lines for Families
  • Cruise Lines for Couples
  • Cruise Lines in the Caribbean
  • Cruise Lines in the Mediterranean
  • Luxury Cruise Lines

If you make a purchase from our site, we may earn a commission. This does not affect the quality or independence of our editorial content.

  • Today's news
  • Reviews and deals
  • Climate change
  • 2024 election
  • Fall allergies
  • Health news
  • Mental health
  • Sexual health
  • Family health
  • So mini ways
  • Unapologetically
  • Buying guides


  • How to Watch
  • My Portfolio
  • Latest News
  • Stock Market
  • Premium News
  • Biden Economy
  • EV Deep Dive
  • Stocks: Most Actives
  • Stocks: Gainers
  • Stocks: Losers
  • Trending Tickers
  • World Indices
  • US Treasury Bonds
  • Top Mutual Funds
  • Highest Open Interest
  • Highest Implied Volatility
  • Stock Comparison
  • Advanced Charts
  • Currency Converter
  • Basic Materials
  • Communication Services
  • Consumer Cyclical
  • Consumer Defensive
  • Financial Services
  • Industrials
  • Real Estate
  • Mutual Funds
  • Credit cards
  • Balance Transfer Cards
  • Cash-back Cards
  • Rewards Cards
  • Travel Cards
  • Personal Loans
  • Student Loans
  • Car Insurance
  • Morning Brief
  • Market Domination
  • Market Domination Overtime
  • Opening Bid
  • Stocks in Translation
  • Lead This Way
  • Good Buy or Goodbye?
  • Fantasy football
  • Pro Pick 'Em
  • College Pick 'Em
  • Fantasy baseball
  • Fantasy hockey
  • Fantasy basketball
  • Download the app
  • Daily fantasy
  • Scores and schedules
  • GameChannel
  • World Baseball Classic
  • Premier League
  • CONCACAF League
  • Champions League
  • Motorsports
  • Horse racing
  • Newsletters

New on Yahoo

  • Privacy Dashboard

Yahoo Finance

20 largest travel companies in the world.

In this article, we will be covering the 20 largest travel companies in the world. If you want to skip our detailed analysis of the travel and tourism industry, you can go directly to 5 Largest Travel Companies In The World .

The travel and tourism sector plays a vital role in global economies. It creates jobs, fosters cultural exchange, and supports local businesses. It promotes understanding between nations while also contributing significantly to GDP growth. According to the World Travel & Tourism Council (WTTC), travel and tourism accounted for 7.6% of global GDP in 2022 while also creating 22 million new jobs around the world.

An Analysis of the Global Travel and Tourism Industry

The travel and tourism sector plays a crucial role in addressing societal and economic challenges. The industry is now thriving after being severely impacted during the peak of the COVID-19 crisis, which led to travel restrictions, cancellations, and a sharp decline in tourism activities. According to a report by Market Research Future, the global travel and tourism market reached a value of $648.03 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2032 and reach a value of more than $1.01 trillion by the end of the forecasted period. The North American region leads the global travel and tourism market, while Europe follows as the second-largest market. The Asia-Pacific region is anticipated to exhibit the fastest growth in the industry during the forecasted period.

The travel and tourism market is undergoing a digital transformation with online booking platforms, travel agencies, mobile apps, and online travel-related services driving growth by enhancing connectivity and providing convenient and personalized traveler experiences. The trend of cultural and experiential tourism, with travelers seeking authentic, immersive experiences, unique destinations, and local experiences, is also a key factor driving market growth. Moreover, the rise in disposable incomes, especially in emerging markets, is leading to increased tourism. More people have the means to explore domestic and international destinations. According to the World Travel & Tourism Council (WTTC), domestic visitor spending saw an increase of 20.4% in 2022. On the other hand, international visitor spending went up by 81.9% in 2022.

What are Some of the Biggest Companies in the Travel and Tourism Industry Up To?

Prominent companies in the travel and tourism industry are actively pursuing various strategies to expand their global presence and increase their profitability. Some of the most notable names are Marriott International Inc. (NYSE: MAR ), Hilton Worldwide Holdings Inc. (NYSE: HLT ), and Booking Holdings Inc. (NASDAQ: BKNG ).

Booking Holdings Inc. (NASDAQ:BKNG) is one of the world’s largest providers of online travel and related services. It provides online travel services in more than 220 countries through its brands which include Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Booking Holdings Inc. (NASDAQ:BKNG) is also one of the best travel stocks to buy . On February 22, Booking Holdings Inc. (NASDAQ:BKNG) reported strong earnings for the fiscal fourth quarter of 2023. The company reported earnings per share (EPS) of $32, surpassing EPS estimates by $1.95. The company’s revenue for the quarter grew by 18.15% year-over-year and amounted to $4.78 billion, ahead of market consensus by $73.37 million. Here are some comments from Booking Holdings Inc.’s (NASDAQ:BKNG) Q4 2023 earnings call:

“As we look to the year ahead, we see strong growth on the books for travel that’s scheduled to take place in 2024, which gives early indications of potentially another record summer travel season. As we’ve noted previously, a high percentage of these bookings are capable and what is on the books today for the summer period represents a small percentage of the total bookings that we expect to ultimately receive. David will provide further details on fourth quarter results and on our thoughts about the first quarter and full year 2024. Looking back at the full year of 2023, I am proud of our efforts to drive more benefits to our travelers and supply partners while also delivering record-setting industry-leading financial results. We reached a significant milestone last year with our customers’ booking an all-time high of over 1 billion room nights on our platform, which was an increase of 17% versus 2022.”

As the demand for travel and tourism continues to grow, companies operating in this space are launching new products, engaging in mergers and acquisitions, increasing investments, and forming contracts and collaborations. Marriott International Inc. (NYSE:MAR) is an American multinational hospitality company. It operates and franchises hotels and licenses vacation ownership resorts in more than 130 countries around the world. On March 7, Marriott International Inc. (NYSE:MAR) announced that it has entered into an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection. This new addition is set to become part of Autograph Collection Hotels by early 2025. Autograph Collection Hotels’ portfolio includes more than 300 independent properties in some of the most desirable locations around the world. Situated within a 28-story mixed-use complex featuring retail spaces on the lower floors, the new hotel is projected to have 820 guest rooms, an executive lounge, 3 unique dining venues, extensive event spaces spanning over 1,700 square meters, and various recreational facilities. Some of the guest rooms will boast stunning views of Victoria Harbour, while others will overlook the city or Victoria Park in Hong Kong.

On February 7, Hilton Worldwide Holdings Inc. (NYSE:HLT) announced an exclusive strategic partnership with Small Luxury Hotels of the World (SLH) that will introduce guests of Hilton Worldwide Holdings Inc. (NYSE:HLT) to a wide range of hotels in some of the most popular destinations around the world. This collaboration will significantly enhance Hilton Worldwide Holdings Inc.’s (NYSE:HLT) luxury offerings as unique SLH properties become part of the esteemed Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, and LXR Hotels & Resorts brands.

Now that we have discussed what’s going on in the global travel and tourism industry, let’s take a look at the 20 largest travel companies in the world.

A line of travellers queuing for a commercial flight, emphasizing the airport management operations.


In this article, we have listed the 20 largest travel companies in the world. To find the top travel companies in the world, we sifted through various sources including industry reports, our own rankings in addition to rankings available on various websites, and consulted stock screeners from Yahoo Finance and Finviz. For companies that are publicly traded, we decided to rank them according to their market capitalization as of March 9. We used fiscal year revenues to rank the companies that are not publicly traded. For foreign companies, we converted the market caps and revenues to US dollars according to their respective exchange rates, as of March 9. Finally, we narrowed down our selection to rank the 20 largest travel companies in the world based on their market capitalization and revenues, which are listed below in ascending order.

20. Host Hotels & Resorts Inc. ( NYSE: HST )

Market Capitalization: $14.9 Billion

Host Hotels & Resorts Inc. (NYSE:HST) is a major American lodging real estate investment trust (REIT) that invests in hotels. It owns a diverse portfolio of luxury and upper-upscale hotels. Host Hotels & Resorts Inc. (NYSE:HST) has a market capitalization of $14.9 billion as of March 9, 2024.

19. Hyatt Hotels Corporation ( NYSE: H )

Market Capitalization: $16.12 Billion

Hyatt Hotels Corporation (NYSE:H) is an American multinational hospitality company. As one of the world’s top hospitality companies, it manages and franchises luxury and business hotels, resorts, and vacation properties in more than 70 countries across 6 continents. As of March 9, 2024, Hyatt Hotels Corporation (NYSE:H) has a market capitalization of $16.12 billion.

18. InterContinental Hotels Group PLC ( NYSE: IHG )

Market Capitalization: $17.4 Billion

InterContinental Hotels Group PLC (NYSE:IHG) is a British multinational hospitality company. With more than 6,000 hotels in over 100 countries, it is one of the world’s leading hotel companies. InterContinental Hotels Group PLC (NYSE:IHG) has a market capitalization of $17.4 billion as of March 9, 2024. It ranks 18th on our list of the 20 biggest travel companies in the world.

17. Expedia Group Inc. ( NASDAQ: EXPE )

Market Capitalization: $18.5 Billion

Expedia Group Inc. (NASDAQ:EXPE) is an American travel technology company. As one of the top travel agencies in the world, it owns and operates various brands including Expedia, Hotels.com, CarRentals.com, Vrbo, Travelocity, Trivago, Orbitz, Ebookers, CheapTickets, and Expedia Cruises. As of March 9, 2024, Expedia Group Inc. (NASDAQ:EXPE) has a market capitalization of $18.5 billion.

16. Southwest Airlines Co. ( NYSE: LUV )

Market Capitalization: $20.44 Billion

Southwest Airlines Co. (NYSE:LUV) is an American airline company. It offers low-cost air travel service with frequent flights of mostly short routes. As one of the biggest travel companies in the world, Southwest Airlines Co. (NYSE:LUV) has a market capitalization of $20.44 billion as of March 9, 2024.

15. Qatar Airways Group

Revenue: $21 Billion

Qatar Airways Group is the flag carrier of Qatar. Owned by the Government of Qatar, it is one of the world’s top airlines and it currently flies to over 170 international destinations. Qatar Airways Group generated an annual revenue of $21 billion in the year 2022-2023. It ranks among the top 15 on our list of the 20 largest travel companies in the world.

14. Carnival Corporation & plc (NYSE: CCL )

Market Capitalization: $21.38 Billion

Carnival Corporation & plc (NYSE:CCL) is a British-American cruise operator. As one of the world's largest leisure travel companies, it owns some of the most well-known cruise line brands in North America, the United Kingdom, Germany, Italy, and Australia. Carnival Corporation & plc (NYSE:CCL) has a market capitalization of $21.38 billion as of March 9, 2024.

13. Galaxy Entertainment Group Limited (SEHK:0027)

Market Capitalization: $21.83 Billion

Galaxy Entertainment Group Limited (SEHK:0027) is one of Asia’s top developers and operators of integrated entertainment and resort facilities. It owns and operates a broad portfolio of integrated resort, retail, dining, hotel, and gaming facilities in Macau. As one of the top travel companies in the world, Galaxy Entertainment Group Limited (SEHK:0027) has a market capitalization of $21.83 billion as of March 9, 2024.

12. Delta Air Lines Inc. ( NYSE: DAL )

Market Capitalization: $27.17 Billion

Delta Air Lines Inc. (NYSE:DAL) is one of America’s major airlines. It is also one of the world’s largest airlines by number of passengers carried. As one of the top travel companies in the world, Delta Air Lines Inc. (NYSE:DAL) has a market capitalization of $27.17 billion as of March 9, 2024.

11. Amadeus IT Group S.A. (BME:AMS)

Market Capitalization: $27.31 Billion

Amadeus IT Group S.A. (BME:AMS) is a Spanish multinational technology company that develops technology and software for airlines, travel agencies, hotels, payment providers, and other travel-related businesses to enhance their operations and customer experiences. With a presence in more than 190 countries, the company provides software solutions for the global travel and tourism industry. As of March 9, 2024, Amadeus IT Group S.A. (BME:AMS) has a market capitalization of $27.31 billion.

10. Trip.com Group Limited ( NASDAQ: TCOM )

Market Capitalization: $28.27 Billion

Trip.com Group Limited (NASDAQ:TCOM) is a multinational travel service company that ranks among the top 10 on our list of the largest travel companies in the world. It owns and operates several travel agencies and travel fare aggregators including Ctrip, Qunar, Trip.com and Skyscanner. As of March 9, 2024, Trip.com Group Limited (NASDAQ:TCOM) has a market capitalization of $28.27 billion.

9. Ryanair Holdings plc ( NASDAQ: RYAAY )

Market Capitalization: $32.3 Billion

Ryanair Holdings plc (NASDAQ:RYAAY) is an Irish airline company. As one of Europe's largest airline groups, it is the parent company of Ryanair, Ryanair UK, Buzz, Lauda, and Malta Air. With a market capitalization of $32.3 billion as of March 9, 2024, Ryanair Holdings plc (NASDAQ:RYAAY) ranks 9th on our list of the 20 largest travel companies in the world.

8. Emirates Group

Revenue: $32.6 Billion

Emirates Group is Dubai’s state-owned international aviation holding company. It owns Dubai National Air Travel Agency (dnata), an airport and ground services company, and Emirates Airline, one of the largest airlines in the Middle East. Emirates Group generated an annual revenue of $32.6 billion in the year 2022-2023.

7. Royal Caribbean Cruises Ltd. ( NYSE: RCL )

Market Capitalization: $32.71 Billion

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a global cruise holding company that owns and operates cruise brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As one of the world’s largest cruise line operators, Royal Caribbean Cruises Ltd. (NYSE:RCL) has a global fleet of 65 ships traveling to around 1,000 destinations around the world. The company has a market capitalization of $32.71 billion as of March 9, 2024.

6. Las Vegas Sands Corp. ( NYSE: LVS )

Market Capitalization: $38.81 Billion

Las Vegas Sands Corp. (NYSE:LVS) is an American casino and resort company that owns and operates integrated resorts in Macao and Singapore. As a driver of valuable leisure and business tourism, it is one of the world’s largest hotel and casino companies. With a market capitalization of $38.81 billion as of March 9, 2024, Las Vegas Sands Corp. (NYSE:LVS) ranks 6th on our list of the 20 largest travel companies in the world.

Click to continue reading and see 5 Largest Travel Companies In The World .

Suggested Articles:

40 Most Polluted Cities in the World in 2024

20 Countries with the Strongest Paramilitary Forces in the World

15 Sunniest Cities in Europe

Disclosure: None. 20 Largest Travel Companies In The World is published on Insider Monkey.

Press Releases

Are you looking for something specific? Use our filters to find the Press Release you are looking for.

Travel + Leisure Co. Named to Newsweek List of America’s Most Responsible Companies for Second Consecutive Year

Give the gift of unforgettable experiences with travel + leisure go, travel + leisure co. appoints new chief technology officer sy esfahani, travel + leisure co. announces pricing of $650 million of senior secured notes due 2029, travel + leisure co. appoints lucinda martinez to board of directors, travel + leisure co. announces launch of senior secured notes offering, travel + leisure co. increases cash dividend, travel + leisure co. reports third quarter 2021 results and increases full year 2021 adjusted ebitda guidance, travel + leisure co. completes $350 million term securitization, club wyndham brings hallmark channel’s countdown to christmas to life in three immersive holiday suites.

  • Next Page arrow_forward

Press Contacts

Contact our media contacts regarding any press related questions or needs.

Get the Hottest Deals First!

Now Open! Join Us in the South Pacific

Experience the Mediterranean Life

.card.collette-hero-overlay { width: 90vw; } .card.collette-hero-overlay img { margin-top: -40px; margin-bottom: -40px; max-width: 680px; margin-right: auto; margin-left: auto; } .collette-hero .card-title { font-size: clamp(4rem, 4.8vw, 7rem); line-height: clamp(6rem, 7vw, 7rem); margin-top: 60px; text-shadow: 0 0 25px rgba(0,0,0,0.7), 0 0 50px rgba(0,0,0,0.7); } .home-search-hero-form a.btn-info { margin-bottom: 15px; filter: drop-shadow( 0 0 20px rgba(6, 36, 39, 0.4)); } .map-marker-center { color: #fff; font-size: 12px; font-weight: 400; text-shadow: 0 0 10px rgba(0,0,0,0.4), 0 0 70px #000000, 0 0 180px #000000; margin-top: 30px; } @media only screen and (max-width: 1260px) { .collette-hero .card-title { margin-top: 140px; } .collette-hero .card-title { font-size: clamp(4rem, 7vw, 7rem); } } @media only screen and (max-width: 900px) { .card.collette-hero-overlay { width: auto; } } @media only screen and (max-width: 767px) { .hero-image .py-5.mt-5.d-none.d-md-block { display: block important; } .collette-hero .card-title { font-size: clamp(3.5rem, 7vw, 7rem) important; line-height: clamp(4.2rem, 10vw, 6rem) important; text-wrap: wrap; max-width: 100vw; line-height: 5rem; margin-top: 160px; padding: 8px; } } dive in plitvice lakes national park, croatia, special offers, the collette difference.

Collette Difference 400x400 expertlydesigned

Expertly Designed

We get it. You’re not the homebody type. We aren’t either. Your passion, needs, and desires have shaped our business. Destination experts hand-craft transformative experiences designed specifically with you – our fellow traveler – at heart. We wouldn't trust your experience with anyone else.

Collette Difference guided touring reimagined

Guided Touring Reimagined

We know you want to explore and also dive in. We’re curious travelers, just like you, so rest assured, you’ll experience must-sees and connect with the people and culture that define the destination. You’ll eat in locals’ homes, take cooking classes, travel by trains and tuk tuks, explore cities with food tours, and stay in igloos, castles, and chateaus.

Collette Difference value

Value Beyond Price

Your time is one of your most precious commodities, so you should spend more of it in the destination, not driving between places. We design tours that spend the fewest hours on the coach. One-night stays are a rarity. This is your trip, and you shouldn’t feel rushed. With choice, flexibility, and free time, take it all in – this is your tour.

Confidently Collette

Travel with trust. Because this is your trip - something you've planned for and dreamed about. You should feel confident in your journey every step of the way.

Industry-Leading Travel Protection

Cancel for any reason (bad hair day applies) up to 24 hours before your tour leaves and get a full money-back refund. Collette issued a record-breaking $185 million cash back to travelers during the COVID-19 pandemic.

Experience & Expertise

We've been doing this for a long time. Since 1918, in fact. Collette is the most experienced and longest-running tour operator in North America. You choose...

Traveling Well

Our team is on the pulse of world events and protocols, so you are kept fully aware and feel well-prepared for your trip.

travel company in news

Service Rating


Why Guided Travel

You're a traveler with places to go. We'll take care of the details. You embrace the journey.

why guided deskt v2

Social Connections

Meet a group of people who share your love of travel. Learn from locals. Forge friendships in the coolest places.


There's plenty of time built into our itineraries, plus optional tours, Choice on Tour excursions, and more. It's your trip, your way.

Expertly Planned

You know what you want to see and do - let a team of experts handle all the details from the must-sees to centrally-located accommodations and local lessons.

The Best Pacing

Don’t rush – this is your time to see the world. Get more time in the destination, and enjoy an ideal balance of included excursions and free time.

Our Best Moments

When you go, capture all those incredible moments, and use the hashtag #GoCollette so that we can share your joy!

2023 travel weekly readers choice

Featured Tours

Collette travelers choose from 160 tours across all 7 continents, as well as 5 travel styles including small group touring and destination spotlights. Check out some trending tours for inspiration on your next adventure.


travel company in news

African Safari: Kenya and Tanzania

travel company in news

Tuscan & Umbrian Countryside featuring Italy's Charming Hill Towns

travel company in news

Alaska's Northern Lights

travel company in news

Winter in Croatia featuring Plitvice Lakes and the Adriatic Coast

$4,949 pp* $5,399 pp.

travel company in news

Icelandic Adventure

travel company in news

Costa Rica: A World of Nature featuring Tortuguero National Park, Arenal Volcano & Manuel Antonio National Park

travel company in news

Mediterranean Coastal Journey Spain, France & Italy

travel company in news

The Best of Ireland featuring the Wild Atlantic Way

travel company in news

Exploring South Africa, Victoria Falls & Botswana

$3,299 pp* $3,699 pp, historical greenbrier featuring washington d.c. & williamsburg, $2,299 pp* $2,499 pp, spotlight on northern italy featuring venice, verona & the dolomites.

travel company in news

Spain's Costa del Sol & Madrid

Find a travel agency.

Once you've found the perfect Collette tour, your local travel agent can assist you in making reservations. To find a preferred travel agent in your area, please enter your 5-digit zip code, then click Search.

Enter a Whole or Partial Zip Code

Please tell us everything, we want it all.

We really value your feedback, please be open an honest. Tell us where we can improve, how we can get better. This feedback is anonymous, but if you would like us to get in touch with you regarding an issue provide your email address as part of your feedback and we will get right back to you.

Talk to an Expert

Please fill out the form below, and a Collette Expert will contact you shortly.

  • Yes, I'm a Travel Professional
  • Yes, I am working with a Travel Professional
  • I am traveling with 8 or more travelers

View or Download

travel company in news

Travel’s Fastest Growing U.S. Small Businesses Offer a Glimpse Into These Emerging Trends

Sean O'Neill, Skift

August 19th, 2021 at 2:00 AM EDT

The pandemic catapulted a few niche innovations into widespread use, benefiting a few fast-moving travel businesses. Lists come and go, but pay attention to the underlying trends that will last after the crisis passes.

Though the pandemic has hammered much of the travel sector, a handful of fast-growth companies powered through somewhat undiminished. Apart from the worst lockdowns, 16 U.S. private companies in travel emerged in good enough financial health to be counted as among the 5,000 fastest-growing private companies in America .

The track record of these travel businesses reflects broader trends that undergird the entire sector’s phased recovery. The pandemic in many ways re-prioritized what people want from travel suppliers. Some interests and behaviors that used to be specialized transformed into more widely popular options. Vacation rentals, outdoor travel, and experiences are some of the categories to benefit.

The list from Inc. assessed companies by their revenue growth between 2017 and 2020. Like every list, it isn’t perfect. This one suspiciously neglects startups, such as recreational vehicle marketplace Outdoorsy and outdoor adventure booking service Hipcamp , which seem to be growing rapidly.

“Many venture backed companies refuse to disclose precise revenue numbers and that means they don’t appear on the Inc list,” said Nadav Gur, a principal at Vanguard Enterprises , a consultancy for startups, and executive chairman of ridehail aggregator Obi .

But directionally speaking, the companies on the list reveal broader patterns worth tracking.

Alternative Accommodations Is the Big Winner

The top-performer in the travel and hospitality sector is Frontdesk , named the 136th fastest-growing private company on the list. The Milwaukee, Wisconsin-based startup runs short-term rentals with hotel-like amenities. It also sells operational software, called Flex , to property managers.

“It’s an honor to be on the list, but it’s even more of an honor just to survive Covid,” said Kyle Weatherly, co-founder and CEO at Frontdesk, which operates more than 700 fully managed suites in 160 buildings across 35 U.S. cities.

“From a revenue perspective and consumer behavior perspective, we’re back to pre-Covid levels,” Weatherly said. “We’re on track to be profitable next year.”

Another fast-growing company in the alternative accommodations space also is a startup taking a branded approach. Yet AvantStay , a Los Angeles-based business, has a twist in that it specializes in short-term rentals for groups.

Frontdesk and AvantStay belong to the largest cohort of the fast-growing companies in travel, namely ones that professionally manage alternative accommodations. This lodging category has drawn consumers in large numbers during the pandemic.

The list of fast-growth property managers includes Del Mar Vacations , which rents 200 Cape Cod properties, RealJoy , which rents 800 vacation homes in Florida, Vacation Rentals of Breckenridge , which rents Colorado homes, Teeming , a full-service property manager in Florida, Sandbridge Blue , which rents beach houses in Virginia, and Nomadess , which rents luxury properties in California and Colorado.

More Working From Home Means More Travel

One key pandemic trend has been an interest in the outdoors. Gaining from that was Under Canvas , an outdoor destination hospitality experience company providing “safari-style accommodations.”

Ready to pounce on the trend in companies reuniting workers and managing distributed workforces is Team Housing Solutions . It’s a fast-growth company based in Texas that provides corporate lodging solutions, including full-service corporate housing and discounted hotel options for teams of all sizes.

Both businesses are riding the tailwinds of a bigger displacement that may turn out to be an enduring feature.

“The biggest outcome from the pandemic might be a lastingly higher number of people who keep an option to work remotely part or all of the time,” said Gur of Vanguard Enterprises. “Unless you have to send kids to school or are tied to a dialysis machine, you can have more mobility more often.”

“This trend will have momentum even after the pandemic fades and will benefit the travel industry broadly, but especially players in the recreational vehicle, camping, and vacation rental spaces,” Gur said.

Surprises and Experiences

One of the surprise names on the fast-growth company list is World Amenities , which makes guest room amenities that are vegan, cruelty-free, environmentally friendly, recyclable, and biodegradable. The underlying trend from this challenger to Sysco there speaks for itself.

A demand for experiences by travelers also played into the hands of AOA , a creator of immersive design and production of themed rides and attractions, live shows, and interactive exhibits. If you want something creative for your museum or attraction park, you might turn to this Florida-based consultancy and vendor.

The fastest growing company in the tours, activities, and experiences sector has been City Brew Tours , a nationwide franchise that provides local brewery tours.

A Bet on Travel Tech Investment

Some parts of the travel industry are going through a similar digital transformation as other sectors, such as e-commerce and retail, went through after the financial crisis a decade ago.

Vendors and consultants aim to help travel companies adapt to the new realities.

A case in point is Jacaruso Enterprises , which is a Texas-based company that provides remote hotel sales support and training for owners and management companies of small to medium size hotels.

Playing to that tech-outsourcing trend, too, is StayMarquis , which provides marketing, booking, concierge and management services for vacation rentals.

The subscription model is a trend much discussed in the past year, and one example of a fast-growth company making use of it is Vacation VIP , an Orlando-based digital marketing agency focusing on providing qualified prospects to timeshare resort developers.

For this review, we picked 16 companies as fitting a classical definition of “travel,” and we left out adjacent services, such as private jet aviation.

Yet we see that some companies that made the Inc 5,000 list impact the travel sector without being formally part of it. The most notable company like that is DataArt , a software engineering firm, because of the broader trend in outsourced tech spending that it represents.

“We expect the travel sector to approach 15 percent of our company’s revenue by the end of 2021,” said Greg Abbott, DataArt’s head of travel, transportation, and hospitality. “Travel companies are leveraging automation and custom technology solutions to solve for many of the operational challenges born from the pandemic.”

When sectors face a revenue crunch or a new cycle for technological investment, companies typically turn to outsourced vendors for help. Many analysts expect the travel sector to turn to tech experts in the coming year.

DataArt, which has 5,000 workers, had a growth rate of 80 percent in the three years through 2020. Its travel practice has served more than 100 travel brands, including Priceline, Apple Leisure Group, Inspirato, and Best Day Travel.

Beyond Silicon Valley

One subtle trend that the list of fast-growing companies reveals is that the 16 travel companies aren’t based in the traditional startup headquarters of either Silicon Valley or New York. Not only are more people working remotely, but more and more entrepreneurs are founding companies outside of the best-known entrepreneurial hubs. While Inc’s list seems to overlook some venture-backed companies, it nevertheless reveals a geographically diverse landscape.

Small business is having a moment. In 2020, the U.S. Census received a record number of new business applications, with nearly 4.5 million enterprises forming, which was 51 percent higher than the 2010-19 annual average. Many of the companies are sole proprietorships that may fade with time. But several of these businesses will eventually need to travel to grow their companies, boosting the broader industry.

These companies may be more resilient even after the foam blows out of equity markets.

“As a Midwest-based company, we didn’t have access to as much investor capital,” Weatherly of Frontdesk said. “That reality forced us to be very capital efficient, growing almost entirely out of revenues.”

Founded in 2017, his startup reported 3,012 percent growth in the past three years. Yet earlier this month it only raised a $7 million venture round.

“Whatever the opposite of fake it until you make it is, that’s what we’ve had to do,” Weatherly said. “We didn’t have piles of investor cash.”

The Daily Newsletter

Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.

Have a confidential tip for Skift? Get in touch

Tags: coronavirus recovery , small businesses , startups

Photo credit: A short-term rental apartment with hotel-style amenities bookable in Columbus, Ohio, from Frontdesk, a startup based in Milwaukee. It's the fastest-growing of more than a dozen U.S. private companies in travel, according to Inc. magazine. Frontdesk

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

Credit cards are getting smarter

How banks are using huge amounts of data to separate legitimate purchases from scams

travel company in news

In mid-March, a scammer in California tried to buy $150 worth of Wingstop using my debit card. Aside from being impressed at the sheer size of the order, I was relieved because Citibank, which issued my card, declined the transaction on the spot and alerted me to the fraud. In minutes I was able to shut off my card, heading off any more purchases by the scammers, and order a new card. All's well that ends well.

When I went to Buenos Aires in April, I figured I might run into a similar situation . Sure, the banks say you don't have to call ahead when you travel anymore, but I assumed I'd still have some purchase flagged as potential fraud, as had happened in past trips abroad. Miraculously, everything went off without a hitch. I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. (No, I didn't book my flight on the same card, and whatever, everybody gets Botox now .)

It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Many people have some horror story about having their credit card stolen or having their own legitimate transactions flagged as suspicious. And it's nice not to have to spend 20 minutes on the phone before a vacation explaining where you're going and when. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. On the flip side, it's also kind of wild to consider just how much financial institutions must know about you to make the right calls.

I was curious about how it all works — and, frankly, a little creeped out. So I reached out to some credit-card companies and academics to learn more. Why don't people have to alert their credit-card companies about travel anymore? And, more broadly, just how have banks gotten so good at figuring out what's normal about our spending habits and what isn't?

The Federal Trade Commission receives thousands of card-fraud complaints each year. The Nilson Report, which tracks the card industry, says payment-card fraud resulted in $33 billion in losses worldwide in 2022 and $13.6 billion in losses in the US. As such, credit-card issuers and banks are keen to do what they can to spot fraud. They want to keep their customers happy, and, more importantly, they want to stem their losses. In the US, the major credit-card issuers and banks generally have a zero-liability policy , which means that when a customer gets scammed, the organization, not the customer, has to eat the cost.

Years ago, whether a transaction went through was based on things like whether a physical card was present, whether you had enough money to make the purchase, and (if the cashier wanted to look) whether your signature on the receipt matched the one on the back of your card. In some cases, the cashier may have even asked for ID or called the bank to verify the funds. We've come a long way from those bad old days by using the same tools that power most innovations: data and computers. Credit-card companies and banks know a lot about us — where we shop, when we spend, and how much we're usually willing to pay for things — and they're getting better and better at turning that knowledge into action.

The models are evaluating a trillion dollars' worth of transactions a year.

While it's all the rage to talk about newfangled forms of artificial intelligence , fraud detection owes a lot to machine learning, a field within AI that's been around for years. A bunch of data gets dumped into computer systems, and algorithms figure out patterns and relationships. The algorithms create decision trees to predict the likelihood of different outcomes and identify what may be considered normal or fishy. It's not that your credit-card company knows that you, specifically, would blow a bunch of cash on A and not on B — it knows that customers with your profile are in the "likes A" camp and not the "likes B" one.

"It's looking at what's happening that is very much out of the ordinary for your general behaviors," said Tina Eide, an executive vice president of global fraud risk at American Express. "And when I talk about general behaviors, it is generalized, right? It is not down to the specific purchase or to the specific merchant." Eide added, "The models are evaluating a trillion dollars' worth of transactions a year."

The machines know more now than ever. Mike Lemberger, Visa's regional risk officer for North America, said that over the past five years the number of data points people generate with their credit cards has grown tremendously. People are increasingly using cards over cash. And they don't just have a physical card they're pulling out at the store — they've got their card credentials in their Amazon account, Netflix account, iPhone, etc. The more purchases the card issuer can analyze, the more accurate the fraud detection will be.

"Visa, we don't have consumer information — that's your financial institution that has that — but what we have is this triangulation of all these data points," Lemberger said. "We can create more and better scores, layer on top of that machine learning and AI abilities, and it becomes a much, much more powerful predictor, which we then feed into all of our partners to say, 'Hey guys, if you want to make the best decisions, here's a whole bunch of really good information.'"

Visa isn't going to block your card directly, but it'll alert your bank that your purchase looks suspicious or that fraud has been detected at the merchant you're dealing with.

This all seemed pretty simple until I talked to Yann-Aël Le Borgne and Gianluca Bontempi, a pair of researchers at the Université Libre de Bruxelles in Belgium who work on machine learning and card fraud . They emphasized the vast scale of this fraud-detection technology. Companies and their algorithms are ingesting millions of transactions and creating so many decision trees to categorize certain activities that it can defy human logic, they said. Basically, the computer may be right that your transaction looks funky even if it's made in your home city at a fairly innocuous vendor, or it may be right that the transaction is fine even though it's made in a faraway place — but when humans try to figure out what did or didn't sound the alarm, nobody will really be able to pinpoint why.

"Machines can consider many more features, and at the end of the day it's not clear if all those features have meaning for humans," Bontempi said. "Humans are used to working with two, three features, at most five features, while machines can work with hundreds of features. So there are really different levels between what a machine can do."

There are human-written rules, which are generally interpretable, and there are machine-written rules, which can be a black box. They're more accurate, but they may be harder, if not impossible, for people to reverse engineer. And banks may be using several different algorithms, making this even more complicated. Data scientists are the ultimate decision-makers, but the information they're dealing with is based on highly complex tech.

Humans are used to working with two, three features, at most five features, while machines can work with hundreds of features.

When I explained to experts my somewhat embarrassing wings-versus-wrinkles conundrum and asked what may have triggered one alert and not the other, they offered up different explanations. Eide, from American Express, said that even though I hadn't booked my trip to Argentina with the credit card I used to buy the Botox, something else had probably tipped off the system that I was there. I realized I'd also bought a package of spin classes in Buenos Aires on my phone with the same card. I had also paid for a meal in the city. Lemberger, from Visa, emphasized that it's about all the data and spending patterns and said that given my spending patterns, the Botox likely matched my profile more than the massive delivery order.

"I hate to say this to you, but at the end of the day, all these data points build personas. Just like in marketing somebody would use personas to market to you, we're using that same technology to protect you," he said. "And the fact is that we use those data points to not just secure you but the whole ecosystem."

At some point it occurred to me that the supercomputers that credit-card companies and banks are working with could know more about me than I even know or understand about myself.

"It's probable that the exact reason why a transaction caused your card to be blocked has no straightforward interpretation," Le Borgne said.

I also asked whether there was a big difference in credit-card protections and debit protections and was told not really — maybe banks will be a little more restrictive about credit because they're technically lending you money that's not limited by your actual cash balance. I also asked if companies don't worry about preclearing travel because they don't care as much about losing money to fraud anymore, to which the answer was a hard no.

"At the end of the day, somebody's got to pay for the fraudulent activity," Lemberger said. Credit-card companies will give you your money back if you're a victim of fraud, but they'll find another place to recoup that money, just as they always do .

Instinctually, I am not a technology-is-awesome person — if the AI really is going to kill us, I feel like we should unplug it. I'm not super freaked out about the privacy stuff, but I also don't love the idea that AmEx and JPMorgan and Citi have me so pegged. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better. I don't want to be like "Yay, banks!" but maybe here the answer really is a little "Yay, banks!" At least that's the case until the next major data-privacy breach, at which point I will regret everything.

Emily Stewart is a senior correspondent at Business Insider, writing about business and the economy.

About Discourse Stories

Through our Discourse journalism, Business Insider seeks to explore and illuminate the day’s most fascinating issues and ideas. Our writers provide thought-provoking perspectives, informed by analysis, reporting, and expertise. Read more Discourse stories here .

travel company in news

Related stories

More from Retail

Most popular

travel company in news

  • Main content


Chinese state-backed company to launch space tourism flights by 2028

B EIJING (Reuters) - Chinese commercial space company CAS Space announced its "space tourism vehicle" will first fly in 2027 and travel to the edge of space in 2028, state media reported on Friday.

The announcement comes just days after Jeff Bezos-backed Blue Origin announced that its New Shepard Rocket, which flies cargo and humans on short trips to the edge of space, would resume flights on Sunday, ending a near two-year pause of crewed operations.

CAS Space said that its vehicle will include a tourist cabin that has four panoramic windows and can carry seven passengers per flight. The company plans to arrange a launch every 100 hours from a newly-built aerospace theme park, with ten vehicles available to take tourists to the edge of space in shifts.

Tickets will cost 2 million to 3 million yuan ($415,127) per person per trip, state media said.

Guangzhou-based CAS Space was founded in 2018 and its second-largest shareholder is China's biggest state research institute, the Chinese Academy of Sciences.

China's space exploration program has recently narrowed the gap with the United States and could become the first country to return samples from the far side of the moon after it launched the Chang'e-6 mission earlier this month.

That launch attracted hordes of tourists to the launch site on China's island province of Hainan. Before blast-off tens of thousands of people gathered in different viewing spots near the launch site, causing long traffic jams.

($1 = 7.2267 Chinese yuan renminbi)

(Reporting by Eduardo Baptista; Editing by Sonali Paul)

FILE PHOTO: The Chang'e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. REUTERS/Eduardo Baptista/File Photo

Hydrogen-powered aircraft in development by Australian company AMSL Aero aims for net zero aviation

While the race to transform electric vehicles on land speeds up, it is a different story in the sky.

Battery technology is not yet able to power even the smallest aircraft beyond 200 kilometres, and in Australia, that is hardly worth the effort.

But an Australian aviation startup on a mission to decarbonise air travel is developing a battery that could power a small aircraft to travel 1,000 km using hydrogen, and it already has a customer.

AMSL Aero received the first commercial order for its Vertiia aircraft from Aviation Logistics, the company behind regional airline AirLink.

AirLink chief executive Matthew Kline said the purchase was key to meet industry plans to be net zero by 2050.

"Using hydrogen is a game-changer for us, we can get up to 1,000km flight distance and that's what we need for the work we do," he said.

A person in a fluro jacket pushes open the door of an aircraft hangar to reveal a small electric aircraft

The next decade of aviation policy will be outlined with the release of the federal government's Aviation White Paper later this year.

Last year's Green Paper indicated two areas of focus were net zero emissions and accessibility for regional and remote communities, both of which could be supported by aircraft known as Advanced Air Mobility (AAM) services.

Vertiia is the first Australian-made aircraft to apply for AAM-type certification through the Civil Aviation Safety Authority (CASA).

A rendered image of an electric aircraft on tarmac with the sun setting in the distance

In a statement, CASA called it an exciting yet "daunting" task, considering Vertiia had features of both a helicopter and a fixed-wing aircraft.

"Nobody's done this in Australia ever and in that sense, it will be breaking new ground," said manager of aircraft certification, Klaus Schwerdtfeger.

Testing is already underway at an airstrip near Wellington, in central-west New South Wales, and if all regulatory approvals are met, operations could begin in 2027.

AirLink plans to initially rollout Vertiia for its freight and charter flight services, with a view of later introducing the hydrogen-powered aircraft for its scheduled service flying Dubbo, Walgett, Bourke and Lightning Ridge.

A man and a woman stand in front of an electric aircraft inside an airplane hangar

"At the moment, we fly out to Bourke and leave the aircraft out there all day before we fly back in the afternoon," Mr Kline said.

"But because the running costs are so much lower, we could bring that aircraft back and do other flights or run there and back a few times in a day."

Takes off like a helicopter, flies like a plane

As companies across the globe work to improve the fuel efficiency of existing planes, AMSL Aero co-founder Siobhan Lyndon said they chose instead to start from scratch.

"There are companies who are retrofitting fixed-wing aircraft and helicopters but this is a clean-sheet design," she said.

Co-founder and chief engineer Andrew Moore took inspiration from another Australian inventor while developing the Vertiia's box-wing design.

a small box wing aircraft hovers just above ground at a regional airstrip

"It's an evolution of the box kite which Lawrence Hargrave invented, and it's one of the oldest, funnily enough," he said.

Lawrence Hargrave was an Australian aeronautical pioneer who experimented with theories of flight to construct different flying machine models in the late 19th century.

"We actually did lots of configuration studies and just happened to come to the same conclusion that Hargrave did, the box-wing works really well."

Historical photo of two men preparing to launch box kites to fly

The Vertiia design uses eight motors pointed vertically for take-off and landing that rotate to a horizontal position when at cruising altitudes up to 10,000 feet, or 3,000 metres.

While other electric vertical take-off and landing aircraft (eVTOL) do exist, AMSL Aero hopes to be the first long-range eVTOL to market using hydrogen.

"Nearly all other eVTOL are focused on electric batteries which have a shorter range to serve the urban air mobility market like Manhattan, or that Silicon Valley-to-San Francisco route," Ms Lyndon said.

"Those aircraft will have a 160km range to start with, but we see hydrogen as a game changer for us to allow that longer range of 1,000km non-stop."

60 million drone flights annually by 2043

In October last year, researchers from Swinburne University of Technology completed the first flight of an uncrewed hydrogen fuel cell eVTOL drone in Australia.

By retrofitting existing drones with electric and hydrogen fuel cell systems, the Aerostructures Innovation Research (AIR) Hub team has been able to develop flight data for hydrogen-powered aircraft.

It is an area sorely lacking in data, according to AIR Hub director Adriano di Pietro.

"There is some work happening internationally, but it's usually locked up in a proprietary sense," Dr di Pietro said.

"The other reason we're doing this work is to really drive the use case and demand, to help Aussie companies actually justify doing first development for aviation systems."

Aerial view of people preparing a hydrogen powered drone for its first flight

AMSL Aero is also developing its own uncrewed aircraft after receiving a $3 million grant from the federal government's Cooperative Research Centre program to build a remotely piloted version of Vertiia to be used for aerial firefighting.

"Being remotely piloted, you might use it in ways that are too risky for a pilot today," Mr Moore said.

"It could potentially save people's lives on the ground by getting to those situations where there's a raging fire threatening people."

In March, Airservices Australia announced plans to develop a digital air traffic management system after an analysis projected the growth of drone and uncrewed aircraft would reach 60 million annual flights by 2043 .

"I think what is not talked about a lot is the fact that aviation underpins a lot of industry in Australia that most people aren't aware of," Dr di Pietro said.

"Most of the land area of Australia is serviced by aviation and certainly, there is a big government push at the moment to drive that forward."

ABC Western Plains — local news in your inbox

  • X (formerly Twitter)

Related Stories

How close is australia's aviation industry to going fully electric.

A render image of three white planes in the sky

Could electric planes bring back short-haul flights? Some aviation experts think so

Passengers may be booking seats on electric aircraft within two years, industry insiders say.

A side picture on a plane sitting on a runway

Rex says it will retrofit planes with electric-propulsion engines, saying it's the future of air travel.

A close up of the front of a small plane with a sunset behind

  • Air Transport Industry
  • Climate Change
  • Decarbonisation
  • Lightning Ridge
  • Regional Communities

Expedia Rewards is now One Key™

Elektrostal, visit elektrostal, check elektrostal hotel availability, popular places to visit.

  • Electrostal History and Art Museum

You can spend time exploring the galleries in Electrostal History and Art Museum in Elektrostal. Take in the museums while you're in the area.

  • Cities near Elektrostal

Photo by Ksander

  • Places of interest
  • Yuri Gagarin Cosmonaut Training Center
  • Central Museum of the Air Forces at Monino
  • Peter the Great Military Academy
  • History of Russian Scarfs and Shawls Museum
  • Balashikha Arena
  • Ramenskii History and Art Museum
  • Balashikha Museum of History and Local Lore
  • Bykovo Manor
  • Pekhorka Park
  • Malenky Puppet Theater
  • Drama Theatre BOOM
  • Likino Dulevo Museum of Local Lore
  • Pavlovsky Posad Museum of Art and History
  • Saturn Stadium
  • Noginsk Museum and Exhibition Center
  • Fairy Tale Children's Model Puppet Theater
  • Fifth House Gallery
  • Church of Vladimir
  • Malakhovka Museum of History and Culture
  • Orekhovo Zuevsky City Exhibition Hall


  1. Top 10 Travel Companies in the World by Sales in 2020, Travel Industry

    travel company in news

  2. Top 10 Travel Companies In India

    travel company in news

  3. Top 50 Best Travel Companies in India

    travel company in news

  4. The 13 most innovative travel companies

    travel company in news

  5. Top 10 Travel Companies in World

    travel company in news

  6. Working Solutions Poll Reveals the Face and Challenges of a Travel

    travel company in news


  1. Latest Travel & Tourism News

    Ends in 15 days. TravelPulse is a trusted news source for US and international travel and tourism news. Covering destinations, cruise lines, airlines, hotels and resorts with in-depth analysis.

  2. 10 Largest 2021 Travel Acquisitions Ripple Across Industry

    Travel's 10 Biggest Merger and Acquisition Deals of 2021. 1. AerCap. 2. Alstom. 3. Blackstone/Starwood Capital.

  3. Travel Industry News

    Caribbean Week, hosted by the Caribbean Tourism Organization (CTO) at the InterContinental New York Times Square, is set to captivate New York City from June 16-21, 2024. The latest travel ...

  4. Travel Industry Takes Crucial First Step Toward Combating Climate

    A recent analysis by the W.T.T.C. of 250 travel businesses found that only 42 percent had publicly announced climate targets and many of them were not based on the latest science. The council last ...

  5. Travel Weekly

    The travel industry's trusted source for breaking U.S. and international news, destination information, hotel headlines, cruise itineraries, travel trends, expert insight and beyond.

  6. Skift: Travel News, Airline News and Hotel News

    Skift's morning newsletter delivers breaking news, features, and exclusive analysis from around the world straight to your inbox, six days a week. Email*. The trusted source for breaking travel ...

  7. Travel News: Latest US & International Travel News

    Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world's population sees AP journalism every day. Stay up to date on US and international travel and tourism news from The Associated ...

  8. Travel News: Latest News, Breaking Stories, and Analysis of Travel

    The latest news about airlines, hotels, destinations, online booking technology and more essential sectors in the global travel industry.

  9. Travel News

    Travel News. Destinations Food & Drink News Stay Video. Search. Menu. News. Latest articles. Venice entry fee tickets go on sale. Here's how they work. ... A Warner Bros. Discovery Company.

  10. Business Travel News

    Business Travel News is the leading source of information serving the managed business travel and meetings market.  BTN provides business travel management professionals in multinational, large, midsize and small corporations with news, analysis, and research to help them better evaluate, select and purchase business travel and meetings for their companies.  www.businesstravelnews ...

  11. The 15 Best Tour Operators in 2022

    The 15 Best Tour Operators in 2022. These are the companies Travel + Leisure readers trust to provide them with travel expertise and memorable experiences. DuVine Cycling + Adventure Co. bike tour ...

  12. The New Normal: Travel Companies Temper Expectations for 2024

    Average daily rates rose 4.3% to $155.62, according to CoStar. Despite expectations for travel costs to rise 3.5% year-over-year in 2024, travelers have an average of about 4.9 trips planned per ...

  13. Hospitality and travel companies finally see a rebound

    Four of the companies that grew their revenue the most in recent years are in hospitality and travel. All of them more than doubled their revenue from 2020 to 2023, and none made last year's Fast ...

  14. Corporate Travel 100

    BTN's 2021 Corporate Travel 100 Ranked: Total business travel spend for the largest 100 corporate travel programs measured by U.S.-booked travel volume rose again in 2019. U.S.-originating travel as estimated by BTN for these programs hit $11.8 billion, its highest point ever. Yet, the spend spread widened between the biggest programs on the list and the smallest ones.

  15. Away Luggage Makes Executive Change as It Plots Accelerated Growth

    Away Names First President as Luggage Company Accelerates Growth With Return of Travel. Away has promoted its CFO to the new role of president as the company prepares for aggressive growth. By ...

  16. Best Vacations: Top Destinations and Hotels

    Find the best vacation spots, hotels, and attractions with U.S. News Travel. Compare destinations, read reviews, and get travel advice.

  17. 20 Largest Travel Companies In The World

    As one of the top travel agencies in the world, it owns and operates various brands including Expedia, Hotels.com, CarRentals.com, Vrbo, Travelocity, Trivago, Orbitz, Ebookers, CheapTickets, and ...

  18. Press Releases :: Travel + Leisure Co. (TNL)

    Oct 27, 2021 6:30am EDT. Travel + Leisure Co. Reports Third Quarter 2021 Results and Increases Full Year 2021 Adjusted EBITDA Guidance.

  19. Vacations, US Tour Companies, and Guided Travel

    Call us toll free at 800.340.5158. Request A Call Back. Talk To An Expert. Collette is more than just a travel company. Collette vacation tours are one-of-a-kind. Visit us and discover our collection of amazing travel destinations.

  20. The Fast-Growing Small Travel Brands That Weathered Lockdowns

    Many analysts expect the travel sector to turn to tech experts in the coming year. DataArt, which has 5,000 workers, had a growth rate of 80 percent in the three years through 2020. Its travel ...

  21. Visitors to Singapore Can Use Automated Lanes to Speed Up Travel

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

  22. Credit Cards Are Smarter: Better Fraud Detection, No Travel Alerts

    How banks are using huge amounts of data to separate legitimate purchases from scams In mid-March, a scammer in California tried to buy $150 worth of Wingstop using my debit card. Aside from being ...

  23. Chinese state-backed company to launch space tourism flights by 2028

    BEIJING (Reuters) - Chinese commercial space company CAS Space announced its "space tourism vehicle" will first fly in 2027 and travel to the edge of space in 2028, state media reported on Friday.

  24. Hydrogen-powered aircraft in development by Australian company AMSL

    An Australian aviation startup on a mission to decarbonise air travel is developing a battery that could power a small aircraft to travel 1,000 km using hydrogen, and it already has a customer ...

  25. Elektrostal

    Major companies include: Elektrostal metallurgical factory; Elektrostal chemical-mechanical factory ... Elektrostal is linked by Elektrichka suburban electric trains to Moscow's Kursky Rail Terminal with a travel time of 1 hour and 20 minutes. Long distance buses link Elektrostal to Noginsk, Moscow and other nearby towns. Local public transport ...

  26. Elektrostal

    Elektrostal, city, Moscow oblast (province), western Russia.It lies 36 miles (58 km) east of Moscow city. The name, meaning "electric steel," derives from the high-quality-steel industry established there soon after the October Revolution in 1917. During World War II, parts of the heavy-machine-building industry were relocated there from Ukraine, and Elektrostal is now a centre for the ...

  27. Visit Elektrostal: 2024 Travel Guide for Elektrostal, Moscow Oblast

    Cities near Elektrostal. Places of interest. Pavlovskiy Posad Noginsk. Travel guide resource for your visit to Elektrostal. Discover the best of Elektrostal so you can plan your trip right.

  28. New & Custom Home Builders in Elektrostal'

    Custom house building companies also obtain the necessary permits. Good new home builders in Elektrostal', Moscow Oblast, Russia have skills that go far beyond construction — he or she must supervise subcontractors and artisans; keep tabs on local zoning regulations, building codes and other legalities; inspect work for problems along the way ...