Travel Financial Models
A booking platform earns a fee without owning the room or ship; an operator must fill capacity it has already paid to provide. Advance bookings can bring in cash before a trip takes place. Ownership and payment timing therefore matter alongside occupancy and guest spending.
Marriott International
Marriott International is the world's largest hotel company, operating, franchising, and licensing over 9,300 properties and 1.7 million rooms across more than 30 brands globally.
Carnival
Carnival Corporation & plc is the world's largest leisure travel and cruise company, operating a portfolio of global brands including Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, Cunard, and P&O Cruises.
Booking Holdings
Booking Holdings is the world's leading provider of online travel and related services, connecting consumers with travel service providers for accommodation, flights, and rental cars.
MGM Resorts
MGM Resorts International is a global gaming and entertainment company operating integrated casino, hotel, and entertainment resorts.
Royal Caribbean Group
Royal Caribbean Group is one of the world's largest cruise vacation companies, operating a global fleet of ships that travel to over 1,000 destinations.
Expedia Group
Expedia Group is a leading global online travel agency (OTA) that provides travel products and services to leisure and corporate travellers.
Las Vegas Sands
Las Vegas Sands (LVS) is a leading global developer and operator of integrated resorts, featuring premium accommodations, world-class gaming, retail malls, conventions, and entertainment.
Hilton Worldwide
Hilton Worldwide Holdings Inc.
Airbnb
Airbnb operates a global two-sided marketplace that connects hosts offering accommodations and experiences with guests seeking unique travel stays.
Norwegian Cruise Line Holdings
Norwegian Cruise Line Holdings Ltd.
Wynn Resorts
Wynn Resorts, Limited is a developer and operator of high-end luxury integrated resorts featuring casino gaming, premium accommodation, and extensive food, beverage, and entertainment amenities.
