# Travel Financial Models

Canonical: https://finamodel.com/sectors/travel

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.

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- [Marriott International](https://finamodel.com/companies/marriott-international)
- [Carnival](https://finamodel.com/companies/carnival)
- [Booking Holdings](https://finamodel.com/companies/booking-holdings)
- [MGM Resorts](https://finamodel.com/companies/mgm-resorts)
- [Royal Caribbean Group](https://finamodel.com/companies/royal-caribbean-group)
- [Expedia Group](https://finamodel.com/companies/expedia-group)
- [Las Vegas Sands](https://finamodel.com/companies/las-vegas-sands)
- [Hilton Worldwide](https://finamodel.com/companies/hilton-worldwide)
- [Airbnb](https://finamodel.com/companies/airbnb)
- [Norwegian Cruise Line Holdings](https://finamodel.com/companies/norwegian-cruise-line-holdings)
- [Wynn Resorts](https://finamodel.com/companies/wynn-resorts)