Travel Services: Booking Holdings Inc. owns the largest revenue base; Pursuit Attractions and Hospitality, Inc. has the fastest current growth.
The industry itself · before any single company
How has Travel Services moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 48% ahead of S&P 500. Earnings across its companies grew 24% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 8 weeks running.
BREAKING OUT · ahead 8w~Price and the fundamentals both up10 of 14 companies ahead of S&P 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more
Travel Services, equal-weighted, based at 200S&P 500, same base, same starttrailing 12-month earnings per share risingfalling
Strength anatomyMixedHow much of the industry is participating, how recently, and whether the movers score well.
Together10 of 14 stocks moving
Fresh3 crossed in the last 4 weeks
Backed by scoresmovers score +2 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large2/3+1
Mid2/50
Small6/6+1
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Travel Services outperforming S&P 500?
Travel Services has outperformed S&P 500 by 12.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 19.3%. 9 of 13 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Lindblad Expeditions Holdings, Inc. is the strongest against the sector itself at +44%.
+19.3%Sector vs S&P 500 · 13 weeks
+12.7%Sector vs S&P 500 · 52 weeks
9/13Stocks leading S&P 500
5/13Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Travel Services has outperformed S&P 500 by 12.7% over 52 weeks and 19.3% over 13 weeks. 9 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself. Booking Holdings Inc. leads with revenue of $27,687 million, based on 13 of 14 comparable companies through Mar 2026.
Is the Travel Services sector outperforming S&P 500?
Travel Services has outperformed S&P 500 by 12.7% over 52 weeks and 19.3% over 13 weeks. 9 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself.
Which Travel Services company is largest by revenue?
Booking Holdings Inc. leads with revenue of $27,687 million, based on 13 of 14 comparable companies through Mar 2026.
Which Travel Services company is growing fastest?
Pursuit Attractions and Hospitality, Inc. has the fastest current revenue growth at 27.3%, across 13 of 14 comparable companies.
Which Travel Services company has the strongest 4-Factor Sector Score?
Pursuit Attractions and Hospitality, Inc. ranks first at 63.4/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Travel Services company reports the most CAPEX?
Norwegian Cruise Line Holdings Ltd. reports the largest latest CAPEX at $1,437 million, with 13 of 14 companies comparable.
Which Travel Services company has the least gross debt?
NusaTrip Incorporated has the lowest comparable gross debt at $0 million. Carnival Corporation Ltd. has the highest at $26,170 million.
Which Travel Services company has the lowest comparable PEG?
Royal Caribbean Cruises Ltd. has the lowest comparable Guarded PEG at 0.47, among 7 of 14 companies that pass the metric’s comparability rules.
How much history does this Travel Services comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
14
complete canonical membership
Combined market value
$482.5B
Booking Holdings Inc.
Revenue growing
12/13
positive TTM year-on-year growth
Beating S&P 500
9/13
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Pursuit Attractions and Hospitality, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.
Norwegian Cruise Line Holdings Ltd. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Global Business Travel Group, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11.7/35Growth & earnings
Revenue 0% · PAT — · OPM change -120.2 pp
33% evidence
9.3/25Capital efficiency
ROCE -15% · debt/equity 0×
60% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y 103.2%
0% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Booking Holdings Inc. has the highest Revenue among the 14 Travel Services companies compared here, at $27,687 million. Carnival Corporation Ltd. is next at $27,311 million. Pursuit Attractions and Hospitality, Inc. has the highest Revenue growth at 27.3%, so level and change sit with different companies. 13 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Booking Holdings Inc. is the scale leader at $27,687 million, 1.4% ahead of Carnival Corporation Ltd.. Pursuit Attractions and Hospitality, Inc.'s growth is 27.3% from a $467 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderBooking Holdings Inc. · $27,687 million
Gap1.4% versus #2 · Carnival Corporation Ltd.
Persistence8/8 recent comparable periods
Coverage13/14 companies · 253 observations
Investor read: Booking Holdings Inc. is the scale benchmark; Pursuit Attractions and Hospitality, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Booking Holdings Inc.'s growth falls below Pursuit Attractions and Hospitality, Inc.'s for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Booking Holdings Inc. BKNG$27.7B
2Carnival Corporation Ltd. CCL$27.3B
3Royal Caribbean Cruises Ltd. RCL$18.4B
4Expedia Group, Inc. EXPE$15.2B
5Airbnb, Inc. ABNB$12.6B
Revenue growthfastest growers
1Pursuit Attractions and Hospitality, Inc. PRSU27%
2Viking Holdings Ltd VIK21%
3Global Business Travel Group, Inc. GBTG21%
4Lindblad Expeditions Holdings, Inc. LIND19%
5Booking Holdings Inc. BKNG15%
Revenue · company comparison
13/14 level · 13/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Royal Caribbean Cruises Ltd. has the highest OPM among the 14 Travel Services companies compared here, at 26.1%. Booking Holdings Inc. is next at 23%. Pursuit Attractions and Hospitality, Inc. has the highest Margin change at +39.7 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Royal Caribbean Cruises Ltd. leads opm at 26.1%; Pursuit Attractions and Hospitality, Inc. leads margin change at +39.7 percentage points.
LeaderRoyal Caribbean Cruises Ltd. · 26.1%
Gap13.5% versus #2 · Booking Holdings Inc.
Persistence6/8 recent comparable periods
Coverage14/14 companies · 253 observations
Investor read: Royal Caribbean Cruises Ltd. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Royal Caribbean Cruises Ltd. RCL26%
2Booking Holdings Inc. BKNG23%
3Travel + Leisure Co. TNL17%
4MakeMyTrip Limited MMYT16%
5Carnival Corporation Ltd. CCL13%
Margin changefastest expanders
1Pursuit Attractions and Hospitality, Inc. PRSU+39.7 pp
2Expedia Group, Inc. EXPE+9.6 pp
3MakeMyTrip Limited MMYT+3.3 pp
4Royal Caribbean Cruises Ltd. RCL+2.5 pp
5Viking Holdings Ltd VIK+2.1 pp
Operating margin · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Booking Holdings Inc. has the highest Net profit among the 14 Travel Services companies compared here, at $6,154 million. Royal Caribbean Cruises Ltd. is next at $4,505 million. Pursuit Attractions and Hospitality, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Booking Holdings Inc. leads with $6,154 million of TTM profit, 36.6% above Royal Caribbean Cruises Ltd.. Pursuit Attractions and Hospitality, Inc. shows ≥100% on the scoring scale (955.6% uncapped) growth from a $95 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderBooking Holdings Inc. · $6,154 million
Gap36.6% versus #2 · Royal Caribbean Cruises Ltd.
Persistence6/8 recent comparable periods
Coverage13/14 companies · 253 observations
Investor read: Booking Holdings Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Booking Holdings Inc. BKNG$6.2B
2Royal Caribbean Cruises Ltd. RCL$4.5B
3Carnival Corporation Ltd. CCL$3.1B
4Airbnb, Inc. ABNB$2.5B
5Expedia Group, Inc. EXPE$1.5B
Profit growthfastest growers
1Pursuit Attractions and Hospitality, Inc. PRSU100%
2Royal Caribbean Cruises Ltd. RCL38%
3Carnival Corporation Ltd. CCL21%
4Booking Holdings Inc. BKNG13%
5Airbnb, Inc. ABNB-0.8%
Net profit · company comparison
13/14 level · 6/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Norwegian Cruise Line Holdings Ltd. has the highest CAPEX among the 14 Travel Services companies compared here, at $1,437 million. Carnival Corporation Ltd. is next at $875 million. The same company also holds the highest CAPEX intensity, at 61.6%. 13 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Norwegian Cruise Line Holdings Ltd. reports $1,437 million of CAPEX; Norwegian Cruise Line Holdings Ltd. has the highest covered intensity at 61.6%. Coverage is only 13 of 14 companies and 216 reported observations, so this is partial evidence—not a complete sector rank.
LeaderNorwegian Cruise Line Holdings Ltd. · $1,437 million
Gap64.2% versus #2 · Carnival Corporation Ltd.
Persistence8/8 recent comparable periods
Coverage13/14 companies · 216 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Norwegian Cruise Line Holdings Ltd. NCLH$1.4B
2Carnival Corporation Ltd. CCL$875M
3Viking Holdings Ltd VIK$531M
4Royal Caribbean Cruises Ltd. RCL$500M
5Expedia Group, Inc. EXPE$184M
CAPEX intensityhighest reinvestment intensity
1Norwegian Cruise Line Holdings Ltd. NCLH62%
2Viking Holdings Ltd VIK50%
3Pursuit Attractions and Hospitality, Inc. PRSU33%
4Carnival Corporation Ltd. CCL13%
5Royal Caribbean Cruises Ltd. RCL11%
Capital expenditure · company comparison
13/14 level · 13/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
NusaTrip Incorporated has the lowest Gross debt among the 14 Travel Services companies compared here, at $0 million. Pursuit Attractions and Hospitality, Inc. is next at $226 million. Airbnb, Inc. has the lowest Net debt at $9,530 million net cash, so level and change sit with different companies. Its Gross debt series carries 9 reported observations across the 20-quarter window.
What the numbers say: Airbnb, Inc. has the clearest covered balance-sheet capacity with $9,530 million net cash and gross debt of $2,475 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderNusaTrip Incorporated · $0 million
Gap100% versus #2 · Pursuit Attractions and Hospitality, Inc.
Persistence8/8 recent comparable periods
Coverage14/14 companies · 254 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1NusaTrip Incorporated NUTR · older report$0M
2Pursuit Attractions and Hospitality, Inc. PRSU$226M
3Lindblad Expeditions Holdings, Inc. LIND$665M
4Tripadvisor, Inc. TRIP$1.2B
5MakeMyTrip Limited MMYT$1.4B
Net debtlowest net debt
1Airbnb, Inc. ABNB$-9.5B
2Expedia Group, Inc. EXPE$-1.1B
3NusaTrip Incorporated NUTR · older report$-13M
4Tripadvisor, Inc. TRIP$112M
5Pursuit Attractions and Hospitality, Inc. PRSU$191M
Debt and balance-sheet capacity · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Booking Holdings Inc. has the highest ROCE among the 14 Travel Services companies compared here, at 13.6%. Royal Caribbean Cruises Ltd. is next at 4%. Expedia Group, Inc. has the highest ROCE change at +4.2 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Booking Holdings Inc. leads ROCE at 13.6%, 9.6 percentage points above Royal Caribbean Cruises Ltd.. Expedia Group, Inc. has the strongest latest improvement at +4.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderBooking Holdings Inc. · 13.6%
Gap240% versus #2 · Royal Caribbean Cruises Ltd.
Persistence8/8 recent comparable periods
Coverage14/14 companies · 252 observations
Investor read: Booking Holdings Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Booking Holdings Inc. BKNG14%
2Royal Caribbean Cruises Ltd. RCL4.0%
3Expedia Group, Inc. EXPE3.4%
4Lindblad Expeditions Holdings, Inc. LIND3.1%
5Travel + Leisure Co. TNL3.1%
ROCE changefastest improvers
1Expedia Group, Inc. EXPE+4.2 pp
2Booking Holdings Inc. BKNG+3.8 pp
3Lindblad Expeditions Holdings, Inc. LIND+1.0 pp
4Pursuit Attractions and Hospitality, Inc. PRSU+1.0 pp
5MakeMyTrip Limited MMYT+0.6 pp
Return on capital · company comparison
14/14 level · 14/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Royal Caribbean Cruises Ltd. has the lowest Guarded PEG among the 14 Travel Services companies compared here, at 0.47×. Airbnb, Inc. is next at 0.6×. Carnival Corporation Ltd. has the lowest P/E at 12.6×, so level and change sit with different companies. 7 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Royal Caribbean Cruises Ltd. has the lowest comparable Guarded PEG at 0.47×, 21.7% below Airbnb, Inc.. Only 7 of 14 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderRoyal Caribbean Cruises Ltd. · 0.47×
Gap21.7% versus #2 · Airbnb, Inc.
Persistence0/8 recent comparable periods
Coverage7/14 companies · 27 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Royal Caribbean Cruises Ltd. RCL0.5
2Airbnb, Inc. ABNB0.6
3Carnival Corporation Ltd. CCL0.6
4Norwegian Cruise Line Holdings Ltd. NCLH0.7
5Booking Holdings Inc. BKNG1.2
P/Elowest P/E
1Carnival Corporation Ltd. CCL12.6
2Norwegian Cruise Line Holdings Ltd. NCLH15.7
3Royal Caribbean Cruises Ltd. RCL16.8
4Expedia Group, Inc. EXPE20.3
5Travel + Leisure Co. TNL20.9
Valuation · company comparison
7/14 level · 12/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Tripadvisor, Inc. has the lowest EV/EBITDA among the 14 Travel Services companies compared here, at 8.18×. Carnival Corporation Ltd. is next at 8.4×. Global Business Travel Group, Inc. has the lowest P/BV at 1.81×, so level and change sit with different companies. 13 of 14 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Tripadvisor, Inc. leads ev/ebitda at 8.18×; Global Business Travel Group, Inc. leads p/bv at 1.81×.
LeaderTripadvisor, Inc. · 8.18×
Gap2.6% versus #2 · Carnival Corporation Ltd.
Persistence0/8 recent comparable periods
Coverage13/14 companies · 189 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Tripadvisor, Inc. TRIP8.2
2Carnival Corporation Ltd. CCL8.4
3Expedia Group, Inc. EXPE9.0
4Norwegian Cruise Line Holdings Ltd. NCLH11.0
5Lindblad Expeditions Holdings, Inc. LIND13.7
P/BVlowest P/BV
1Global Business Travel Group, Inc. GBTG1.8
2Pursuit Attractions and Hospitality, Inc. PRSU1.9
3Tripadvisor, Inc. TRIP2.0
4Carnival Corporation Ltd. CCL3.0
5Norwegian Cruise Line Holdings Ltd. NCLH3.5
Enterprise and book valuation · company comparison
13/14 level · 10/14 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Lindblad Expeditions Holdings, Inc. has the strongest one-year price move in Travel Services at +153.5%. It also leads on Mansfield relative strength against the S&P 500 at +59%. 9 of 13 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Travel Services comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 14 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set
Which companies are included?
All 14 companies in the canonical Travel Services membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
This comparison is built from the reported filings of 14 Travel Services companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
These 18 answers restate the Travel Services comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Travel Services company is the biggest?
Booking Holdings Inc. is the largest, with trailing-twelve-month revenue of $27,687 million, ahead of Carnival Corporation Ltd. at $27,311 million. That covers 13 of 14 companies with comparable reporting through Mar 2026.
Which Travel Services company is growing fastest?
Pursuit Attractions and Hospitality, Inc. has the fastest revenue growth at 27.3% year on year, across 13 of 14 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Travel Services company has the best profit margins?
Royal Caribbean Cruises Ltd. has the highest operating margin at 26.1%, from 14 of 14 comparable companies. Pursuit Attractions and Hospitality, Inc. shows the biggest recent improvement, at +39.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Travel Services company makes the most profit?
Booking Holdings Inc. earns the most, at $6,154 million of trailing-twelve-month net profit, from 13 of 14 comparable companies. Pursuit Attractions and Hospitality, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Travel Services company earns the highest return on capital?
Booking Holdings Inc. leads on return on capital employed at 13.6%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Travel Services stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Royal Caribbean Cruises Ltd. screens cheapest at 0.47×. Only 7 of 14 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Travel Services company has the strongest balance sheet?
NusaTrip Incorporated carries the lowest comparable gross debt at $0 million, from 14 of 14 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Travel Services company is investing most in new capacity?
Norwegian Cruise Line Holdings Ltd. reports the largest capital spending at $1,437 million, across 13 of 14 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Is the Travel Services sector beating the market?
Travel Services has outperformed S&P 500 by 12.7% over the last 52 weeks and 19.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 9 of 13 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Travel Services stock has the strongest price momentum?
Lindblad Expeditions Holdings, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Travel Services company scores highest for research priority?
Pursuit Attractions and Hospitality, Inc. scores 63.4 out of 100 with 76% evidence confidence, from 29.2 points on growth and earnings, 9.7 on capital efficiency, 9 on valuation and 15.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Travel Services companies does this comparison cover, and over what period?
It compares 14 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Travel Services sector?
The 14 Travel Services companies on this page carry $482,473 million of combined market value. Booking Holdings Inc. is the largest at $154,441 million, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Travel Services sector's P/E ratio?
The median price-to-earnings ratio across the 14 Travel Services companies on this page is 27.3×, measured on the 12 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Travel Services sector performing?
9 of the 13 covered Travel Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 12.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Travel Services stocks are listed in the US?
This comparison covers 14 listed Travel Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.