20-quarter listed-company comparison

Travel Services Stocks

Travel Services: Booking Holdings Inc. owns the largest revenue base; Pursuit Attractions and Hospitality, Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Travel Services moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 47% 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 9 weeks running.

BREAKING OUT · ahead 9w~Price and the fundamentals both up11 of 14 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑9w · 12/14 >200d (+4) · 11/14 lead (+4) · EPS 9/14↑

Travel Services, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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.

02 · sector relative strength, before individual stocks

Is Travel Services outperforming S&P 500?

Travel Services has outperformed S&P 500 by 8.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 16%. 7 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 +58.9%.

+16.0%Sector vs S&P 500 · 13 weeks

+8.8%Sector vs S&P 500 · 52 weeks

7/13Stocks 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 8.8% over 52 weeks and 16% over 13 weeks. 7 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 11 of 14 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$482.9B

Booking Holdings Inc.

Revenue growing

10/11

positive TTM year-on-year growth

Beating S&P 500

7/13

positive Mansfield relative strength

Comparing 5 of 14

03 · 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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Lindblad Expeditions Holdings, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 60.6% evidence confidence.

Carnival Corporation Ltd. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Lindblad Expeditions Holdings, Inc.LIND	60.7/100Mixed-positive evidence61% evidence	BREAKING OUT	20.8/35 Revenue 19.1% · PAT — · OPM change 1.6 pp 62% evidence	10.3/25 ROCE 3.1% · OPM 7.5% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	19.6/20 RS sector 58.9% · RS bench 71.8% · 1Y 175.8%11 of 12 weeks ahead 100% evidence
Exact sum: 20.8 + 10.3 + 10 + 19.6 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Pursuit Attractions and Hospitality, Inc.PRSU	60.3/100Mixed-positive evidence75% evidence	LEADER	29.2/35 Revenue 27.3% · PAT 100% · OPM change 39.7 pp 83% evidence	6.3/25 ROCE -2.8% · OPM -43.5% 76% evidence	9.3/20 P/E 37× · PEG 1.27 65% evidence	15.5/20 RS sector 8.8% · RS bench 17.6% · 1Y 47.3%12 of 12 weeks ahead 70% evidence
Exact sum: 29.2 + 6.3 + 9.3 + 15.5 = 60.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Booking Holdings Inc.BKNG	59.6/100Mixed-positive evidence81% evidence	TURNING	22.5/35 Revenue 14.9% · PAT 13.2% · OPM change 0.7 pp 83% evidence	19.2/25 ROCE 13.6% · OPM 23% 76% evidence	11.6/20 P/E 22.2× · PEG 1.22 65% evidence	6.3/20 RS sector -15.7% · RS bench -9.3% · 1Y -10.2%2 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 19.2 + 11.6 + 6.3 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Expedia Group, Inc.EXPE	58.9/100Mixed-positive evidence74% evidence	TURNING	23.6/35 Revenue 10% · PAT 27.8% · OPM change 9.6 pp 62% evidence	12.7/25 ROCE 3.4% · OPM 7.3% 76% evidence	5.7/20 P/E 20.3× · PEG 3.27 65% evidence	16.9/20 RS sector 6.5% · RS bench 14.9% · 1Y 59.8%4 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 12.7 + 5.7 + 16.9 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Royal Caribbean Cruises Ltd.RCL	53.1/100Thin evidence · provisional58% evidence	TURNING	18.2/35 Revenue — · PAT — · OPM change 2.5 pp 45% evidence	15.8/25 ROCE 4.3% · OPM 26.1% 76% evidence	11.0/20 P/E 19.6× · PEG — 15% evidence	8.1/20 RS sector -8.2% · RS bench -1.1% · 1Y 8.1%4 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 15.8 + 11 + 8.1 = 53.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Viking Holdings LtdVIK	52.9/100Mixed-positive evidence64% evidence	BREAKING OUT	21.1/35 Revenue 20.8% · PAT 100% · OPM change 2.1 pp 62% evidence	7.2/25 ROCE 0.2% · OPM 1.1% 76% evidence	9.9/20 P/E 27.3× · PEG — 15% evidence	14.7/20 RS sector 18.7% · RS bench 28.4% · 1Y 90%11 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 7.2 + 9.9 + 14.7 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Travel + Leisure Co.TNL	49.4/100Thin evidence · provisional58% evidence	TURNING	17.2/35 Revenue — · PAT — · OPM change -0.2 pp 45% evidence	15.1/25 ROCE 3.1% · OPM 16.5% 76% evidence	10.4/20 P/E 20.9× · PEG — 15% evidence	6.7/20 RS sector -5.9% · RS bench 1.7% · 1Y 32.6%3 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 15.1 + 10.4 + 6.7 = 49.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Airbnb, Inc.ABNB	48.7/100Mixed-negative evidence81% evidence	TURNING	17.2/35 Revenue 12.6% · PAT -0.8% · OPM change 1.5 pp 83% evidence	9.9/25 ROCE 0.9% · OPM 3.2% 76% evidence	14.6/20 P/E 31.1× · PEG 0.6 65% evidence	7.0/20 RS sector -5.2% · RS bench 2.4% · 1Y 23.9%1 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 9.9 + 14.6 + 7 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Carnival Corporation Ltd.CCL	42.8/100Mixed-negative evidence85% evidence	TURNING	13.4/35 Revenue 5.2% · PAT 21.4% · OPM change -2 pp 95% evidence	9.7/25 ROCE 2.2% · OPM 12.8% 76% evidence	15.5/20 P/E 12.6× · PEG 0.63 65% evidence	4.2/20 RS sector -13.7% · RS bench -6.9% · 1Y 4.3%4 of 12 weeks ahead 100% evidence
Exact sum: 13.4 + 9.7 + 15.5 + 4.2 = 42.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10MakeMyTrip LimitedMMYT	42.8/100Mixed-negative evidence71% evidence	BREAKING OUT	15.9/35 Revenue 6.8% · PAT -46.3% · OPM change 3.3 pp 83% evidence	12.1/25 ROCE 3% · OPM 16% 76% evidence	8.8/20 P/E 103.6× · PEG — 15% evidence	6.0/20 RS sector -21% · RS bench -15.5% · 1Y -33.1%5 of 12 weeks ahead 100% evidence
Exact sum: 15.9 + 12.1 + 8.8 + 6 = 42.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Norwegian Cruise Line Holdings Ltd.NCLH	39.8/100Thin evidence · provisional58% evidence	TURNING	14.2/35 Revenue — · PAT — · OPM change 0.6 pp 45% evidence	9.5/25 ROCE 2.2% · OPM 10% 76% evidence	11.2/20 P/E 13.2× · PEG — 15% evidence	4.9/20 RS sector -20.9% · RS bench -14.9% · 1Y -16.4%1 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 9.5 + 11.2 + 4.9 = 39.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Global Business Travel Group, Inc.GBTG	38.0/100Mixed-negative evidence64% evidence	FADING	13.0/35 Revenue 20.7% · PAT — · OPM change -8.5 pp 62% evidence	5.5/25 ROCE 0.1% · OPM 0.4% 76% evidence	9.3/20 P/E 34.9× · PEG — 15% evidence	10.2/20 RS sector 2.7% · RS bench 10.6% · 1Y 25.6%11 of 12 weeks ahead 100% evidence
Exact sum: 13 + 5.5 + 9.3 + 10.2 = 38 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Tripadvisor, Inc.TRIP	31.1/100Thin evidence · provisional58% evidence	BREAKING OUT	10.7/35 Revenue 2% · PAT -64.2% · OPM change -2.7 pp 62% evidence	5.9/25 ROCE -1.4% · OPM -6.6% 76% evidence	8.5/20 P/E 106.6× · PEG — 15% evidence	6.0/20 RS sector -12% · RS bench -5.6% · 1Y -20.3%9 of 12 weeks ahead 70% evidence
Exact sum: 10.7 + 5.9 + 8.5 + 6 = 31.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14NusaTrip IncorporatedNUTR	37.1/100Thin evidence · provisional26% evidence		11.7/35 Revenue 0% · PAT — · OPM change -120.2 pp 33% evidence	5.4/25 ROCE -15% · OPM -162.3% 57% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y 103.2% 0% evidence
Exact sum: 11.7 + 5.4 + 10 + 10 = 37.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 14 companies

04 · what price has already done

Market action

Lindblad Expeditions Holdings, Inc. has the strongest one-year price move in Travel Services at +175.8%. It also leads on Mansfield relative strength against the S&P 500 at +71.8%. 7 of 13 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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. 11 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

Coverage11/14 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

3Expedia Group, Inc. EXPE$15.2B

4Airbnb, Inc. ABNB$12.6B

5Viking Holdings Ltd VIK$6.7B

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

11/14 level · 11/14 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Carnival Corporation Ltd. CCL	$6.7B	5.3%	Jun 2026
Booking Holdings Inc. BKNG	$5.5B	16%	Mar 2026
Royal Caribbean Cruises Ltd. RCL	$4.5B	11%	Jun 2026
Expedia Group, Inc. EXPE	$3.4B	15%	Mar 2026
Airbnb, Inc. ABNB	$2.7B	18%	Mar 2026
Norwegian Cruise Line Holdings Ltd. NCLH	$2.3B	9.5%	Jun 2026
Viking Holdings Ltd VIK	$1.1B	18%	Mar 2026
Travel + Leisure Co. TNL	$961M	2.9%	Jun 2026
Global Business Travel Group, Inc. GBTG	$840M	35%	Mar 2026
Tripadvisor, Inc. TRIP	$382M	-4.0%	Mar 2026
MakeMyTrip Limited MMYT	$250M	2.0%	Mar 2026
Lindblad Expeditions Holdings, Inc. LIND	$208M	16%	Mar 2026
Pursuit Attractions and Hospitality, Inc. PRSU	$52M	37%	Mar 2026
NusaTrip Incorporated NUTR	$1M	-100%	Sep 2025

Full 20-quarter history · every available company

Revenue · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021$2.2B

Dec 2021$1.5B

Mar 2022$1.5B

Jun 2022$2.1B

Sep 2022$2.9B

Dec 2022$1.9B

Mar 2023$1.8B

Jun 2023$2.5B

Sep 2023$3.4B

Dec 2023$2.2B

Mar 2024$2.1B

Jun 2024$2.7B

Sep 2024$3.7B

Dec 2024$2.5B

Mar 2025$2.3B

Jun 2025$3.1B

Sep 2025$4.1B

Dec 2025$2.8B

Mar 2026$2.7B

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021$4.7B

Dec 2021$3.0B

Mar 2022$2.7B

Jun 2022$4.3B

Sep 2022$6.1B

Dec 2022$4.0B

Mar 2023$3.8B

Jun 2023$5.5B

Sep 2023$7.3B

Dec 2023$4.8B

Mar 2024$4.4B

Jun 2024$5.9B

Sep 2024$8.0B

Dec 2024$5.5B

Mar 2025$4.8B

Jun 2025$6.8B

Sep 2025$9.0B

Dec 2025$6.3B

Mar 2026$5.5B

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021$546M

Dec 2021$1.3B

Mar 2022$1.6B

Jun 2022$2.4B

Sep 2022$4.3B

Dec 2022$3.8B

Mar 2023$4.4B

Jun 2023$4.9B

Sep 2023$6.9B

Dec 2023$5.4B

Mar 2024$5.4B

Jun 2024$5.8B

Sep 2024$7.9B

Dec 2024$5.9B

Mar 2025$5.8B

Jun 2025$6.3B

Sep 2025$8.2B

Dec 2025$6.3B

Mar 2026$6.2B

Jun 2026$6.7B

Expedia Group, Inc. · EXPE

Sep 2021$3.0B

Dec 2021$2.3B

Mar 2022$2.2B

Jun 2022$3.2B

Sep 2022$3.6B

Dec 2022$2.6B

Mar 2023$2.7B

Jun 2023$3.4B

Sep 2023$3.9B

Dec 2023$2.9B

Mar 2024$2.9B

Jun 2024$3.6B

Sep 2024$4.1B

Dec 2024$3.2B

Mar 2025$3.0B

Jun 2025$3.8B

Sep 2025$4.4B

Dec 2025$3.5B

Mar 2026$3.4B

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021$197M

Dec 2021$287M

Mar 2022$350M

Jun 2022$486M

Sep 2022$488M

Dec 2022$527M

Mar 2023$578M

Jun 2023$592M

Sep 2023$571M

Dec 2023$549M

Mar 2024$610M

Jun 2024$625M

Sep 2024$597M

Dec 2024$591M

Mar 2025$621M

Jun 2025$631M

Sep 2025$674M

Dec 2025$792M

Mar 2026$840M

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021$65M

Dec 2021$66M

Mar 2022$68M

Jun 2022$91M

Sep 2022$145M

Dec 2022$118M

Mar 2023$143M

Jun 2023$125M

Sep 2023$176M

Dec 2023$125M

Mar 2024$154M

Jun 2024$136M

Sep 2024$206M

Dec 2024$149M

Mar 2025$180M

Jun 2025$168M

Sep 2025$240M

Dec 2025$183M

Mar 2026$208M

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021$67M

Dec 2021$115M

Mar 2022$89M

Jun 2022$143M

Sep 2022$131M

Dec 2022$171M

Mar 2023$149M

Jun 2023$197M

Sep 2023$169M

Dec 2023$214M

Mar 2024$203M

Jun 2024$255M

Sep 2024$211M

Dec 2024$267M

Mar 2025$245M

Jun 2025$269M

Sep 2025$229M

Dec 2025$296M

Mar 2026$250M

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021$153M

Dec 2021$487M

Mar 2022$522M

Jun 2022$1.2B

Sep 2022$1.6B

Dec 2022$1.5B

Mar 2023$1.8B

Jun 2023$2.2B

Sep 2023$2.5B

Dec 2023$2.0B

Mar 2024$2.2B

Jun 2024$2.4B

Sep 2024$2.8B

Dec 2024$2.1B

Mar 2025$2.1B

Jun 2025$2.5B

Sep 2025$2.9B

Dec 2025$2.2B

Mar 2026$2.3B

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021$457M

Dec 2021$982M

Mar 2022$1.1B

Jun 2022$2.2B

Sep 2022$3.0B

Dec 2022$2.6B

Mar 2023$2.9B

Jun 2023$3.5B

Sep 2023$4.2B

Dec 2023$3.3B

Mar 2024$3.7B

Jun 2024$4.1B

Sep 2024$4.9B

Dec 2024$3.8B

Mar 2025$4.0B

Jun 2025$4.5B

Sep 2025$5.1B

Dec 2025$4.3B

Mar 2026$4.5B

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021$839M

Dec 2021$870M

Mar 2022$809M

Jun 2022$922M

Sep 2022$937M

Dec 2022$899M

Mar 2023$879M

Jun 2023$949M

Sep 2023$986M

Dec 2023$936M

Mar 2024$916M

Jun 2024$985M

Sep 2024$993M

Dec 2024$971M

Mar 2025$934M

Jun 2025$1.0B

Sep 2025$1.0B

Dec 2025$1.0B

Mar 2026$961M

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 2021$303M

Dec 2021$241M

Mar 2022$262M

Jun 2022$417M

Sep 2022$459M

Dec 2022$354M

Mar 2023$371M

Jun 2023$494M

Sep 2023$533M

Dec 2023$390M

Mar 2024$395M

Jun 2024$497M

Sep 2024$532M

Dec 2024$411M

Mar 2025$398M

Jun 2025$529M

Sep 2025$553M

Dec 2025$411M

Mar 2026$382M

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022$881M

Mar 2023$629M

Jun 2023$1.5B

Sep 2023$1.5B

Dec 2023$1.1B

Mar 2024$718M

Jun 2024$1.6B

Sep 2024$1.7B

Dec 2024$1.4B

Mar 2025$897M

Jun 2025$1.9B

Sep 2025$2.0B

Dec 2025$1.7B

Mar 2026$1.1B

Jun 2026—

Revenue growth · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202258%

Sep 202229%

Dec 202224%

Mar 202320%

Jun 202318%

Sep 202318%

Dec 202317%

Mar 202418%

Jun 202411%

Sep 20249.9%

Dec 202412%

Mar 20256.1%

Jun 202513%

Sep 20259.7%

Dec 202512%

Mar 202618%

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202299%

Sep 202229%

Dec 202236%

Mar 202340%

Jun 202327%

Sep 202321%

Dec 202318%

Mar 202417%

Jun 20247.3%

Sep 20248.9%

Dec 202414%

Mar 20257.9%

Jun 202516%

Sep 202513%

Dec 202516%

Mar 202616%

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022688%

Dec 2022198%

Mar 2023173%

Jun 2023105%

Sep 202359%

Dec 202341%

Mar 202422%

Jun 202418%

Sep 202415%

Dec 202410%

Mar 20257.5%

Jun 20259.5%

Sep 20253.3%

Dec 20256.6%

Mar 20266.1%

Jun 20265.3%

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202251%

Sep 202222%

Dec 202215%

Mar 202319%

Jun 20235.6%

Sep 20238.6%

Dec 202310%

Mar 20248.4%

Jun 20246.0%

Sep 20243.3%

Dec 202410%

Mar 20253.4%

Jun 20256.4%

Sep 20258.7%

Dec 202511%

Mar 202615%

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022218%

Sep 2022148%

Dec 202284%

Mar 202365%

Jun 202322%

Sep 202317%

Dec 20234.2%

Mar 20245.5%

Jun 20245.6%

Sep 20244.6%

Dec 20247.7%

Mar 20251.8%

Jun 20251.0%

Sep 202513%

Dec 202534%

Mar 202635%

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022507%

Sep 2022123%

Dec 202279%

Mar 2023110%

Jun 202337%

Sep 202321%

Dec 20235.9%

Mar 20247.7%

Jun 20248.8%

Sep 202417%

Dec 202419%

Mar 202517%

Jun 202524%

Sep 202517%

Dec 202523%

Mar 202616%

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022333%

Sep 202296%

Dec 202249%

Mar 202367%

Jun 202338%

Sep 202329%

Dec 202325%

Mar 202436%

Jun 202429%

Sep 202425%

Dec 202425%

Mar 202521%

Jun 20255.5%

Sep 20258.5%

Dec 202511%

Mar 20262.0%

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022956%

Dec 2022212%

Mar 2023249%

Jun 202386%

Sep 202357%

Dec 202331%

Mar 202420%

Jun 20247.6%

Sep 202411%

Dec 20246.2%

Mar 2025-2.9%

Jun 20256.2%

Sep 20254.7%

Dec 20256.4%

Mar 20269.5%

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20224,182%

Sep 2022555%

Dec 2022165%

Mar 2023173%

Jun 202361%

Sep 202339%

Dec 202328%

Mar 202429%

Jun 202417%

Sep 202417%

Dec 202413%

Mar 20257.3%

Jun 202510%

Sep 20255.2%

Dec 202513%

Mar 202611%

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202216%

Sep 202212%

Dec 20223.3%

Mar 20238.7%

Jun 20232.9%

Sep 20235.2%

Dec 20234.1%

Mar 20244.2%

Jun 20243.8%

Sep 20240.7%

Dec 20243.7%

Mar 20252.0%

Jun 20253.4%

Sep 20255.1%

Dec 20255.6%

Mar 20262.9%

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202277%

Sep 202251%

Dec 202247%

Mar 202342%

Jun 202318%

Sep 202316%

Dec 202310%

Mar 20246.5%

Jun 20240.6%

Sep 2024-0.2%

Dec 20245.4%

Mar 20250.8%

Jun 20256.4%

Sep 20254.0%

Dec 20250.0%

Mar 2026-4.0%

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202327%

Mar 202414%

Jun 20249.1%

Sep 202411%

Dec 202421%

Mar 202525%

Jun 202518%

Sep 202519%

Dec 202528%

Mar 202618%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

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 Jun 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

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Royal Caribbean Cruises Ltd. RCL	26%	+2.5 pp	Jun 2026
Booking Holdings Inc. BKNG	23%	+0.7 pp	Mar 2026
Travel + Leisure Co. TNL	17%	−0.2 pp	Jun 2026
MakeMyTrip Limited MMYT	16%	+3.3 pp	Mar 2026
Carnival Corporation Ltd. CCL	13%	−2.0 pp	Jun 2026
Norwegian Cruise Line Holdings Ltd. NCLH	10%	+0.6 pp	Jun 2026
Lindblad Expeditions Holdings, Inc. LIND	7.5%	+1.6 pp	Mar 2026
Expedia Group, Inc. EXPE	7.3%	+9.6 pp	Mar 2026
Airbnb, Inc. ABNB	3.2%	+1.5 pp	Mar 2026
Viking Holdings Ltd VIK	1.1%	+2.1 pp	Mar 2026
Global Business Travel Group, Inc. GBTG	0.4%	−8.5 pp	Mar 2026
Tripadvisor, Inc. TRIP	-6.6%	−2.7 pp	Mar 2026
Pursuit Attractions and Hospitality, Inc. PRSU	-44%	+39.7 pp	Mar 2026
NusaTrip Incorporated NUTR	-162%	−120.2 pp	Sep 2025

Full 20-quarter history · every available company

OPM · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 202138%

Dec 20214.9%

Mar 2022-0.3%

Jun 202218%

Sep 202242%

Dec 202212%

Mar 2023-0.3%

Jun 202321%

Sep 202344%

Dec 2023-22%

Mar 20244.7%

Jun 202418%

Sep 202441%

Dec 202417%

Mar 20251.7%

Jun 202520%

Sep 202540%

Dec 20259.7%

Mar 20263.2%

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 202143%

Dec 202128%

Mar 20226.5%

Jun 202223%

Sep 202243%

Dec 202233%

Mar 202312%

Jun 202331%

Sep 202342%

Dec 202313%

Mar 202418%

Jun 202432%

Sep 202440%

Dec 202432%

Mar 202522%

Jun 202533%

Sep 202539%

Dec 202532%

Mar 202623%

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021-377%

Dec 2021-147%

Mar 2022-92%

Jun 2022-61%

Sep 2022-6.5%

Dec 2022-30%

Mar 2023-3.9%

Jun 20232.4%

Sep 202324%

Dec 20237.1%

Mar 20245.1%

Jun 20249.7%

Sep 202428%

Dec 20249.4%

Mar 20259.3%

Jun 202515%

Sep 202528%

Dec 202512%

Mar 20269.8%

Jun 202613%

Expedia Group, Inc. · EXPE

Sep 202118%

Dec 20217.2%

Mar 2022-6.0%

Jun 202211%

Sep 202221%

Dec 20224.9%

Mar 2023-4.5%

Jun 202313%

Sep 202315%

Dec 20233.6%

Mar 2024-3.8%

Jun 202413%

Sep 202419%

Dec 20246.8%

Mar 2025-2.3%

Jun 202513%

Sep 202524%

Dec 202512%

Mar 20267.3%

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021-63%

Dec 2021-67%

Mar 2022-27%

Jun 2022-3.9%

Sep 2022-9.2%

Dec 2022-7.2%

Mar 2023-1.6%

Jun 20230.3%

Sep 2023-0.7%

Dec 20230.5%

Mar 20242.6%

Jun 20246.7%

Sep 20244.5%

Dec 20245.1%

Mar 20258.9%

Jun 20255.4%

Sep 20251.8%

Dec 20253.7%

Mar 20260.4%

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021-27%

Dec 2021-45%

Mar 2022-51%

Jun 2022-21%

Sep 20224.0%

Dec 2022-13%

Mar 20238.7%

Jun 2023-6.8%

Sep 202312%

Dec 2023-11%

Mar 20245.1%

Jun 2024-6.0%

Sep 202414%

Dec 2024-5.1%

Mar 20255.9%

Jun 20252.6%

Sep 202515%

Dec 2025-3.0%

Mar 20267.5%

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021-12%

Dec 2021-7.6%

Mar 20223.6%

Jun 20223.0%

Sep 20221.1%

Dec 20224.3%

Mar 20235.3%

Jun 20239.6%

Sep 20233.9%

Dec 202311%

Mar 20248.2%

Jun 202411%

Sep 202412%

Dec 202413%

Mar 202513%

Jun 202514%

Sep 202515%

Dec 202514%

Mar 202616%

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021-450%

Dec 2021-141%

Mar 2022-132%

Jun 2022-33%

Sep 2022-12%

Dec 2022-19%

Mar 20230.6%

Jun 202312%

Sep 202321%

Dec 20236.3%

Mar 202410%

Jun 202414%

Sep 202425%

Dec 202410%

Mar 20259.4%

Jun 202517%

Sep 202526%

Dec 20258.3%

Mar 202610%

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021-220%

Dec 2021-105%

Mar 2022-81%

Jun 2022-10%

Sep 202210%

Dec 20220.5%

Mar 20239.4%

Jun 202322%

Sep 202330%

Dec 202317%

Mar 202420%

Jun 202427%

Sep 202433%

Dec 202417%

Mar 202524%

Jun 202529%

Sep 202533%

Dec 202522%

Mar 202626%

Jun 2026—

Travel + Leisure Co. · TNL

Sep 202122%

Dec 202122%

Mar 202215%

Jun 202220%

Sep 202220%

Dec 202218%

Mar 202316%

Jun 202319%

Sep 202321%

Dec 202320%

Mar 202416%

Jun 202419%

Sep 202419%

Dec 202421%

Mar 202517%

Jun 202520%

Sep 202521%

Dec 2025-2.2%

Mar 202617%

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 20215.3%

Dec 2021-12%

Mar 2022-7.6%

Jun 202215%

Sep 202215%

Dec 2022-3.4%

Mar 2023-3.8%

Jun 20238.9%

Sep 202312%

Dec 20238.2%

Mar 2024-3.8%

Jun 20247.2%

Sep 202413%

Dec 20240.0%

Mar 2025-3.9%

Jun 202511%

Sep 202513%

Dec 2025-8.3%

Mar 2026-6.6%

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20222.9%

Mar 2023-18%

Jun 202325%

Sep 202327%

Dec 202314%

Mar 2024-9.9%

Jun 202427%

Sep 202429%

Dec 202417%

Mar 2025-1.0%

Jun 202529%

Sep 202530%

Dec 202521%

Mar 20261.1%

Jun 2026—

Margin change · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+21.3 pp

Sep 2022+3.6 pp

Dec 2022+7.5 pp

Mar 20230.0 pp

Jun 2023+3.6 pp

Sep 2023+2.3 pp

Dec 2023−34.8 pp

Mar 2024+5.0 pp

Jun 2024−3.0 pp

Sep 2024−3.1 pp

Dec 2024+39.7 pp

Mar 2025−3.0 pp

Jun 2025+1.7 pp

Sep 2025−1.2 pp

Dec 2025−7.6 pp

Mar 2026+1.5 pp

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+25.9 pp

Sep 2022−0.4 pp

Dec 2022+4.8 pp

Mar 2023+5.4 pp

Jun 2023+7.3 pp

Sep 2023−0.4 pp

Dec 2023−20.5 pp

Mar 2024+6.0 pp

Jun 2024+1.1 pp

Sep 2024−2.5 pp

Dec 2024+18.9 pp

Mar 2025+4.4 pp

Jun 2025+1.4 pp

Sep 2025−1.1 pp

Dec 2025+0.4 pp

Mar 2026+0.7 pp

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+370.2 pp

Dec 2022+117.5 pp

Mar 2023+88.0 pp

Jun 2023+63.7 pp

Sep 2023+30.2 pp

Dec 2023+36.7 pp

Mar 2024+9.0 pp

Jun 2024+7.3 pp

Sep 2024+3.9 pp

Dec 2024+2.3 pp

Mar 2025+4.2 pp

Jun 2025+5.1 pp

Sep 2025+0.3 pp

Dec 2025+2.2 pp

Mar 2026+0.5 pp

Jun 2026−2.0 pp

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+17.1 pp

Sep 2022+2.9 pp

Dec 2022−2.3 pp

Mar 2023+1.5 pp

Jun 2023+2.4 pp

Sep 2023−5.2 pp

Dec 2023−1.3 pp

Mar 2024+0.7 pp

Jun 2024−0.5 pp

Sep 2024+3.4 pp

Dec 2024+3.2 pp

Mar 2025+1.5 pp

Jun 2025+0.1 pp

Sep 2025+4.7 pp

Dec 2025+5.0 pp

Mar 2026+9.6 pp

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+70.6 pp

Sep 2022+53.7 pp

Dec 2022+60.0 pp

Mar 2023+25.8 pp

Jun 2023+4.2 pp

Sep 2023+8.5 pp

Dec 2023+7.7 pp

Mar 2024+4.2 pp

Jun 2024+6.4 pp

Sep 2024+5.2 pp

Dec 2024+4.6 pp

Mar 2025+6.3 pp

Jun 2025−1.3 pp

Sep 2025−2.7 pp

Dec 2025−1.4 pp

Mar 2026−8.5 pp

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+192.3 pp

Sep 2022+31.4 pp

Dec 2022+32.0 pp

Mar 2023+59.2 pp

Jun 2023+14.4 pp

Sep 2023+7.6 pp

Dec 2023+2.0 pp

Mar 2024−3.6 pp

Jun 2024+0.8 pp

Sep 2024+2.7 pp

Dec 2024+5.9 pp

Mar 2025+0.8 pp

Jun 2025+8.6 pp

Sep 2025+0.7 pp

Dec 2025+2.1 pp

Mar 2026+1.6 pp

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+63.5 pp

Sep 2022+13.5 pp

Dec 2022+11.9 pp

Mar 2023+1.7 pp

Jun 2023+6.6 pp

Sep 2023+2.8 pp

Dec 2023+6.2 pp

Mar 2024+2.9 pp

Jun 2024+1.3 pp

Sep 2024+8.4 pp

Dec 2024+2.5 pp

Mar 2025+4.5 pp

Jun 2025+3.5 pp

Sep 2025+2.6 pp

Dec 2025+0.8 pp

Mar 2026+3.3 pp

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+13,819.7 pp

Sep 2022+438.7 pp

Dec 2022+122.4 pp

Mar 2023+132.6 pp

Jun 2023+45.8 pp

Sep 2023+32.1 pp

Dec 2023+24.8 pp

Mar 2024+9.4 pp

Jun 2024+2.0 pp

Sep 2024+4.0 pp

Dec 2024+3.9 pp

Mar 2025−0.6 pp

Jun 2025+2.4 pp

Sep 2025+0.9 pp

Dec 2025−1.9 pp

Mar 2026+0.6 pp

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2,000.3 pp

Sep 2022+230.1 pp

Dec 2022+105.5 pp

Mar 2023+90.5 pp

Jun 2023+31.9 pp

Sep 2023+20.4 pp

Dec 2023+16.6 pp

Mar 2024+10.7 pp

Jun 2024+4.8 pp

Sep 2024+3.0 pp

Dec 2024−0.5 pp

Mar 2025+3.5 pp

Jun 2025+2.6 pp

Sep 2025−0.3 pp

Dec 2025+5.3 pp

Mar 2026+2.5 pp

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.2 pp

Sep 2022−2.0 pp

Dec 2022−4.4 pp

Mar 2023+1.2 pp

Jun 2023−0.8 pp

Sep 2023+0.8 pp

Dec 2023+2.4 pp

Mar 2024+0.7 pp

Jun 2024−0.1 pp

Sep 2024−2.0 pp

Dec 2024+0.8 pp

Mar 2025+0.3 pp

Jun 2025+1.0 pp

Sep 2025+1.5 pp

Dec 2025−23.4 pp

Mar 2026−0.2 pp

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+30.0 pp

Sep 2022+10.0 pp

Dec 2022+8.2 pp

Mar 2023+3.8 pp

Jun 2023−6.2 pp

Sep 2023−3.3 pp

Dec 2023+11.6 pp

Mar 20240.0 pp

Jun 2024−1.7 pp

Sep 2024+1.2 pp

Dec 2024−8.2 pp

Mar 2025−0.1 pp

Jun 2025+4.0 pp

Sep 2025−0.5 pp

Dec 2025−8.3 pp

Mar 2026−2.7 pp

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023+11.2 pp

Mar 2024+8.5 pp

Jun 2024+1.9 pp

Sep 2024+1.7 pp

Dec 2024+3.0 pp

Mar 2025+8.9 pp

Jun 2025+2.1 pp

Sep 2025+1.1 pp

Dec 2025+3.8 pp

Mar 2026+2.1 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Booking Holdings Inc. has the highest Net profit among the 14 Travel Services companies compared here, at $6,154 million. Carnival Corporation Ltd. is next at $3,074 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, 100.2% above Carnival Corporation 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

Gap100.2% versus #2 · Carnival Corporation Ltd.

Persistence6/8 recent comparable periods

Coverage11/14 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

2Carnival Corporation Ltd. CCL$3.1B

3Airbnb, Inc. ABNB$2.5B

4Expedia Group, Inc. EXPE$1.5B

5Viking Holdings Ltd VIK$1.2B

Profit growthfastest growers

1Pursuit Attractions and Hospitality, Inc. PRSU100%

2Carnival Corporation Ltd. CCL21%

3Booking Holdings Inc. BKNG13%

4Airbnb, Inc. ABNB-0.8%

5MakeMyTrip Limited MMYT-46%

Net profit · company comparison

11/14 level · 5/14 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Booking Holdings Inc. BKNG	$1.1B	225%	Mar 2026
Royal Caribbean Cruises Ltd. RCL	$950M	29%	Jun 2026
Carnival Corporation Ltd. CCL	$538M	-5.3%	Jun 2026
Airbnb, Inc. ABNB	$160M	3.9%	Mar 2026
Norwegian Cruise Line Holdings Ltd. NCLH	$105M	-95%	Jun 2026
Travel + Leisure Co. TNL	$79M	8.2%	Jun 2026
Global Business Travel Group, Inc. GBTG	$53M	-29%	Mar 2026
Pursuit Attractions and Hospitality, Inc. PRSU	$25M	-19%	Mar 2026
MakeMyTrip Limited MMYT	$24M	-17%	Mar 2026
Lindblad Expeditions Holdings, Inc. LIND	$6M	500%	Mar 2026
NusaTrip Incorporated NUTR	$-1M	-100%	Sep 2025
Expedia Group, Inc. EXPE	$-12M	-30%	Mar 2026
Tripadvisor, Inc. TRIP	$-32M	-3,900%	Mar 2026
Viking Holdings Ltd VIK	$-54M	188%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021$834M

Dec 2021$55M

Mar 2022$-19M

Jun 2022$379M

Sep 2022$1.2B

Dec 2022$319M

Mar 2023$117M

Jun 2023$650M

Sep 2023$4.4B

Dec 2023$-349M

Mar 2024$264M

Jun 2024$555M

Sep 2024$1.4B

Dec 2024$461M

Mar 2025$154M

Jun 2025$642M

Sep 2025$1.4B

Dec 2025$341M

Mar 2026$160M

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021$769M

Dec 2021$618M

Mar 2022$-700M

Jun 2022$857M

Sep 2022$1.7B

Dec 2022$1.2B

Mar 2023$266M

Jun 2023$1.3B

Sep 2023$2.5B

Dec 2023$222M

Mar 2024$776M

Jun 2024$1.5B

Sep 2024$2.5B

Dec 2024$1.1B

Mar 2025$333M

Jun 2025$895M

Sep 2025$2.7B

Dec 2025$1.4B

Mar 2026$1.1B

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021$-2.8B

Dec 2021$-2.6B

Mar 2022$-1.9B

Jun 2022$-1.8B

Sep 2022$-770M

Dec 2022$-1.6B

Mar 2023$-693M

Jun 2023$-407M

Sep 2023$1.1B

Dec 2023$-49M

Mar 2024$-214M

Jun 2024$91M

Sep 2024$1.7B

Dec 2024$303M

Mar 2025$-75M

Jun 2025$568M

Sep 2025$1.9B

Dec 2025$422M

Mar 2026$263M

Jun 2026$538M

Expedia Group, Inc. · EXPE

Sep 2021$378M

Dec 2021$395M

Mar 2022$-123M

Jun 2022$-185M

Sep 2022$476M

Dec 2022$175M

Mar 2023$-140M

Jun 2023$387M

Sep 2023$305M

Dec 2023$136M

Mar 2024$-136M

Jun 2024$375M

Sep 2024$684M

Dec 2024$301M

Mar 2025$-197M

Jun 2025$322M

Sep 2025$964M

Dec 2025$212M

Mar 2026$-12M

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021$-106M

Dec 2021$-194M

Mar 2022$-90M

Jun 2022$-1M

Sep 2022$-72M

Dec 2022$-63M

Mar 2023$-27M

Jun 2023$-55M

Sep 2023$-8M

Dec 2023$-46M

Mar 2024$-19M

Jun 2024$27M

Sep 2024$-128M

Dec 2024$-17M

Mar 2025$75M

Jun 2025$13M

Sep 2025$-64M

Dec 2025$83M

Mar 2026$53M

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021$-23M

Dec 2021$-26M

Mar 2022$-42M

Jun 2022$-29M

Sep 2022$-5M

Dec 2022$-32M

Mar 2023$1M

Jun 2023$-24M

Sep 2023$8M

Dec 2023$-26M

Mar 2024$-4M

Jun 2024$-24M

Sep 2024$25M

Dec 2024$-25M

Mar 2025$1M

Jun 2025$-7M

Sep 2025$5M

Dec 2025$-23M

Mar 2026$6M

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021$-8M

Dec 2021$-9M

Mar 2022$-4M

Jun 2022$-10M

Sep 2022$-7M

Dec 2022$0M

Mar 2023$5M

Jun 2023$19M

Sep 2023$2M

Dec 2023$24M

Mar 2024$172M

Jun 2024$21M

Sep 2024$18M

Dec 2024$27M

Mar 2025$29M

Jun 2025$26M

Sep 2025$-6M

Dec 2025$7M

Mar 2026$24M

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021$-846M

Dec 2021$-1.6B

Mar 2022$-983M

Jun 2022$-509M

Sep 2022$-295M

Dec 2022$-482M

Mar 2023$-159M

Jun 2023$86M

Sep 2023$346M

Dec 2023$-106M

Mar 2024$17M

Jun 2024$163M

Sep 2024$475M

Dec 2024$255M

Mar 2025$-40M

Jun 2025$30M

Sep 2025$419M

Dec 2025$14M

Mar 2026$105M

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021$-1.4B

Dec 2021$-1.4B

Mar 2022$-1.2B

Jun 2022$-522M

Sep 2022$33M

Dec 2022$-500M

Mar 2023$-48M

Jun 2023$463M

Sep 2023$1.0B

Dec 2023$279M

Mar 2024$364M

Jun 2024$858M

Sep 2024$1.1B

Dec 2024$559M

Mar 2025$736M

Jun 2025$1.2B

Sep 2025$1.6B

Dec 2025$762M

Mar 2026$950M

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021$101M

Dec 2021$110M

Mar 2022$51M

Jun 2022$100M

Sep 2022$116M

Dec 2022$90M

Mar 2023$63M

Jun 2023$89M

Sep 2023$110M

Dec 2023$129M

Mar 2024$66M

Jun 2024$97M

Sep 2024$97M

Dec 2024$118M

Mar 2025$73M

Jun 2025$108M

Sep 2025$111M

Dec 2025$-61M

Mar 2026$79M

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 2021$1M

Dec 2021$-29M

Mar 2022$-34M

Jun 2022$31M

Sep 2022$25M

Dec 2022$-2M

Mar 2023$-73M

Jun 2023$24M

Sep 2023$27M

Dec 2023$32M

Mar 2024$-59M

Jun 2024$24M

Sep 2024$39M

Dec 2024$1M

Mar 2025$-11M

Jun 2025$36M

Sep 2025$53M

Dec 2025$-38M

Mar 2026$-32M

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022$209M

Mar 2023$-214M

Jun 2023$190M

Sep 2023$-1.2B

Dec 2023$-596M

Mar 2024$-491M

Jun 2024$156M

Sep 2024$373M

Dec 2024$104M

Mar 2025$-105M

Jun 2025$439M

Sep 2025$514M

Dec 2025$300M

Mar 2026$-54M

Jun 2026—

Profit growth · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202246%

Dec 2022480%

Mar 2023—

Jun 202372%

Sep 2023260%

Dec 2023-209%

Mar 2024126%

Jun 2024-15%

Sep 2024-69%

Dec 2024—

Mar 2025-42%

Jun 202516%

Sep 20250.4%

Dec 2025-26%

Mar 20263.9%

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022117%

Dec 2022100%

Mar 2023—

Jun 202351%

Sep 202351%

Dec 2023-82%

Mar 2024192%

Jun 202418%

Sep 20240.2%

Dec 2024381%

Mar 2025-57%

Jun 2025-41%

Sep 20259.2%

Dec 202534%

Mar 2026225%

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202462%

Dec 2024—

Mar 2025—

Jun 2025524%

Sep 20256.7%

Dec 202539%

Mar 2026—

Jun 2026-5.3%

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202226%

Dec 2022-56%

Mar 2023—

Jun 2023—

Sep 2023-36%

Dec 2023-22%

Mar 2024—

Jun 2024-3.1%

Sep 2024124%

Dec 2024121%

Mar 2025—

Jun 2025-14%

Sep 202541%

Dec 2025-30%

Mar 2026—

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-52%

Sep 2025—

Dec 2025—

Mar 2026-29%

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-500%

Jun 2024—

Sep 2024213%

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025-80%

Dec 2025—

Mar 2026500%

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20243,340%

Jun 202411%

Sep 2024800%

Dec 202413%

Mar 2025-83%

Jun 202524%

Sep 2025-133%

Dec 2025-74%

Mar 2026-17%

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202490%

Sep 202437%

Dec 2024—

Mar 2025-335%

Jun 2025-82%

Sep 2025-12%

Dec 2025-95%

Mar 2026—

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20232,964%

Dec 2023—

Mar 2024—

Jun 202485%

Sep 202410%

Dec 2024100%

Mar 2025102%

Jun 202541%

Sep 202542%

Dec 202536%

Mar 202629%

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202235%

Sep 202215%

Dec 2022-18%

Mar 202324%

Jun 2023-11%

Sep 2023-5.2%

Dec 202343%

Mar 20244.8%

Jun 20249.0%

Sep 2024-12%

Dec 2024-8.5%

Mar 202511%

Jun 202511%

Sep 202514%

Dec 2025-152%

Mar 20268.2%

Jun 2026—

Tripadvisor, Inc. · TRIP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20222,400%

Dec 2022—

Mar 2023—

Jun 2023-23%

Sep 20238.0%

Dec 2023—

Mar 2024—

Jun 20240.0%

Sep 202444%

Dec 2024-97%

Mar 2025—

Jun 202550%

Sep 202536%

Dec 2025-3,900%

Mar 2026—

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-385%

Mar 2024—

Jun 2024-18%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025181%

Sep 202538%

Dec 2025188%

Mar 2026—

Jun 2026—

08 · compare level, then change

Return On Capital Employed

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 4.3%. 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%, 9.3 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%

Gap216.3% versus #2 · Royal Caribbean Cruises Ltd.

Persistence8/8 recent comparable periods

Coverage14/14 companies · 254 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. RCL4.3%

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

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Booking Holdings Inc. BKNG	14%	+3.8 pp	Mar 2026
Royal Caribbean Cruises Ltd. RCL	4.3%	−0.5 pp	Jun 2026
Expedia Group, Inc. EXPE	3.4%	+4.2 pp	Mar 2026
Travel + Leisure Co. TNL	3.1%	0.0 pp	Jun 2026
Lindblad Expeditions Holdings, Inc. LIND	3.1%	+1.0 pp	Mar 2026
MakeMyTrip Limited MMYT	3.0%	+0.6 pp	Mar 2026
Carnival Corporation Ltd. CCL	2.2%	−0.3 pp	Jun 2026
Norwegian Cruise Line Holdings Ltd. NCLH	2.2%	−0.8 pp	Jun 2026
Airbnb, Inc. ABNB	0.9%	+0.5 pp	Mar 2026
Viking Holdings Ltd VIK	0.2%	+0.4 pp	Mar 2026
Global Business Travel Group, Inc. GBTG	0.1%	−1.8 pp	Mar 2026
Tripadvisor, Inc. TRIP	-1.4%	−0.6 pp	Mar 2026
Pursuit Attractions and Hospitality, Inc. PRSU	-2.8%	+1.0 pp	Mar 2026
NusaTrip Incorporated NUTR	-15%	−22.8 pp	Sep 2025

Full 20-quarter history · every available company

ROCE · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 202115%

Dec 20211.2%

Mar 2022-0.1%

Jun 20225.4%

Sep 202216%

Dec 20223.1%

Mar 2023-0.1%

Jun 20236.8%

Sep 202315%

Dec 2023-5.3%

Mar 20241.1%

Jun 20245.5%

Sep 202414%

Dec 20244.0%

Mar 20250.4%

Jun 20256.6%

Sep 202516%

Dec 20252.8%

Mar 20260.9%

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 202111%

Dec 20214.7%

Mar 20221.1%

Jun 20226.4%

Sep 202217%

Dec 20227.8%

Mar 20233.1%

Jun 202312%

Sep 202324%

Dec 20234.4%

Mar 20246.3%

Jun 202415%

Sep 202426%

Dec 202415%

Mar 20259.8%

Jun 202520%

Sep 202529%

Dec 202517%

Mar 202614%

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021-4.3%

Mar 2022-3.3%

Jun 2022-3.4%

Sep 2022-0.7%

Dec 2022-2.7%

Mar 2023-0.4%

Jun 20230.3%

Sep 20234.2%

Dec 20231.0%

Mar 20240.7%

Jun 20241.5%

Sep 20245.7%

Dec 20241.5%

Mar 20251.5%

Jun 20252.5%

Sep 20255.9%

Dec 20251.9%

Mar 20261.6%

Jun 20262.2%

Expedia Group, Inc. · EXPE

Sep 20214.0%

Dec 20211.3%

Mar 2022-1.1%

Jun 20223.0%

Sep 20226.5%

Dec 20221.1%

Mar 2023-1.1%

Jun 20234.2%

Sep 20235.9%

Dec 20231.0%

Mar 2024-1.1%

Jun 20244.9%

Sep 20248.2%

Dec 20242.3%

Mar 2025-0.8%

Jun 20256.3%

Sep 202513%

Dec 20255.1%

Mar 20263.4%

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 20210.0%

Dec 2021-10%

Mar 2022-12%

Jun 2022-1.0%

Sep 2022-2.5%

Dec 2022-1.3%

Mar 2023-0.5%

Jun 20230.1%

Sep 2023-0.1%

Dec 20230.1%

Mar 20240.5%

Jun 20241.4%

Sep 20240.9%

Dec 20241.0%

Mar 20251.9%

Jun 20251.2%

Sep 20250.4%

Dec 20250.9%

Mar 20260.1%

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021-3.2%

Dec 2021-5.2%

Mar 2022-6.2%

Jun 2022-3.7%

Sep 20221.1%

Dec 2022-3.1%

Mar 20232.6%

Jun 2023-1.7%

Sep 20234.0%

Dec 2023-2.9%

Mar 20241.6%

Jun 2024-1.6%

Sep 20245.7%

Dec 2024-1.5%

Mar 20252.1%

Jun 20250.9%

Sep 20256.9%

Dec 2025-1.1%

Mar 20263.1%

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021-0.8%

Dec 2021-0.9%

Mar 20220.3%

Jun 20220.4%

Sep 20220.1%

Dec 20220.7%

Mar 20230.8%

Jun 20231.8%

Sep 20230.6%

Dec 20232.2%

Mar 20241.5%

Jun 20242.4%

Sep 20242.2%

Dec 20242.9%

Mar 20252.4%

Jun 20252.9%

Sep 20252.5%

Dec 20253.0%

Mar 20263.0%

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021-4.5%

Dec 2021-4.4%

Mar 2022-4.3%

Jun 2022-2.6%

Sep 2022-1.2%

Dec 2022-2.0%

Mar 20230.1%

Jun 20232.0%

Sep 20233.7%

Dec 20230.9%

Mar 20241.7%

Jun 20242.6%

Sep 20245.0%

Dec 20241.6%

Mar 20251.4%

Jun 20253.0%

Sep 20254.9%

Dec 20251.2%

Mar 20261.4%

Jun 20262.2%

Royal Caribbean Cruises Ltd. · RCL

Sep 2021-3.7%

Dec 2021-3.9%

Mar 2022-3.1%

Jun 2022-0.9%

Sep 20221.2%

Dec 20220.1%

Mar 20231.1%

Jun 20233.4%

Sep 20235.4%

Dec 20232.2%

Mar 20243.1%

Jun 20244.4%

Sep 20246.4%

Dec 20242.4%

Mar 20253.6%

Jun 20254.8%

Sep 20256.1%

Dec 20253.3%

Mar 20264.0%

Jun 20264.3%

Travel + Leisure Co. · TNL

Sep 20212.6%

Dec 20212.8%

Mar 20221.8%

Jun 20222.8%

Sep 20222.9%

Dec 20222.5%

Mar 20232.1%

Jun 20232.8%

Sep 20233.2%

Dec 20232.9%

Mar 20242.2%

Jun 20242.9%

Sep 20242.9%

Dec 20243.1%

Mar 20252.3%

Jun 20253.1%

Sep 20253.2%

Dec 2025-0.3%

Mar 20262.4%

Jun 20263.1%

Tripadvisor, Inc. · TRIP

Sep 20210.9%

Dec 2021-1.5%

Mar 2022-1.0%

Jun 20223.2%

Sep 20223.6%

Dec 2022-0.6%

Mar 2023-0.7%

Jun 20232.3%

Sep 20233.3%

Dec 20231.6%

Mar 2024-0.8%

Jun 20241.9%

Sep 20243.6%

Dec 20240.0%

Mar 2025-0.8%

Jun 20253.4%

Sep 20253.9%

Dec 2025-1.9%

Mar 2026-1.4%

Jun 2026—

Viking Holdings Ltd · VIK

Sep 20210.0%

Dec 20210.0%

Mar 2022—

Jun 2022—

Sep 20220.0%

Dec 20220.7%

Mar 2023—

Jun 2023—

Sep 202310%

Dec 20234.0%

Mar 2024-3.7%

Jun 202423%

Sep 202412%

Dec 20245.1%

Mar 2025-0.2%

Jun 202512%

Sep 202513%

Dec 20256.3%

Mar 20260.2%

Jun 2026—

ROCE change · reported quarter 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.

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.0 pp

Dec 2022+1.9 pp

Mar 20230.0 pp

Jun 2023+1.4 pp

Sep 2023−0.8 pp

Dec 2023−8.4 pp

Mar 2024+1.2 pp

Jun 2024−1.3 pp

Sep 2024−1.6 pp

Dec 2024+9.3 pp

Mar 2025−0.7 pp

Jun 2025+1.1 pp

Sep 2025+2.8 pp

Dec 2025−1.2 pp

Mar 2026+0.5 pp

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.3 pp

Dec 2022+3.1 pp

Mar 2023+2.0 pp

Jun 2023+5.4 pp

Sep 2023+7.0 pp

Dec 2023−3.4 pp

Mar 2024+3.2 pp

Jun 2024+3.4 pp

Sep 2024+2.8 pp

Dec 2024+10.6 pp

Mar 2025+3.5 pp

Jun 2025+4.9 pp

Sep 2025+2.9 pp

Dec 2025+1.5 pp

Mar 2026+3.8 pp

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.6 pp

Mar 2023+2.9 pp

Jun 2023+3.7 pp

Sep 2023+4.9 pp

Dec 2023+3.7 pp

Mar 2024+1.1 pp

Jun 2024+1.2 pp

Sep 2024+1.5 pp

Dec 2024+0.5 pp

Mar 2025+0.8 pp

Jun 2025+1.0 pp

Sep 2025+0.2 pp

Dec 2025+0.4 pp

Mar 2026+0.1 pp

Jun 2026−0.3 pp

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022−0.2 pp

Mar 20230.0 pp

Jun 2023+1.2 pp

Sep 2023−0.6 pp

Dec 2023−0.1 pp

Mar 20240.0 pp

Jun 2024+0.7 pp

Sep 2024+2.3 pp

Dec 2024+1.3 pp

Mar 2025+0.3 pp

Jun 2025+1.4 pp

Sep 2025+4.4 pp

Dec 2025+2.8 pp

Mar 2026+4.2 pp

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.5 pp

Dec 2022+8.7 pp

Mar 2023+11.4 pp

Jun 2023+1.1 pp

Sep 2023+2.4 pp

Dec 2023+1.4 pp

Mar 2024+1.0 pp

Jun 2024+1.3 pp

Sep 2024+1.0 pp

Dec 2024+0.9 pp

Mar 2025+1.4 pp

Jun 2025−0.2 pp

Sep 2025−0.5 pp

Dec 2025−0.1 pp

Mar 2026−1.8 pp

Jun 2026—

Lindblad Expeditions Holdings, Inc. · LIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.3 pp

Dec 2022+2.1 pp

Mar 2023+8.8 pp

Jun 2023+2.0 pp

Sep 2023+2.9 pp

Dec 2023+0.2 pp

Mar 2024−1.0 pp

Jun 2024+0.1 pp

Sep 2024+1.7 pp

Dec 2024+1.4 pp

Mar 2025+0.5 pp

Jun 2025+2.5 pp

Sep 2025+1.2 pp

Dec 2025+0.4 pp

Mar 2026+1.0 pp

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.9 pp

Dec 2022+1.6 pp

Mar 2023+0.5 pp

Jun 2023+1.4 pp

Sep 2023+0.5 pp

Dec 2023+1.5 pp

Mar 2024+0.7 pp

Jun 2024+0.6 pp

Sep 2024+1.6 pp

Dec 2024+0.7 pp

Mar 2025+0.9 pp

Jun 2025+0.5 pp

Sep 2025+0.3 pp

Dec 2025+0.1 pp

Mar 2026+0.6 pp

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.3 pp

Dec 2022+2.4 pp

Mar 2023+4.4 pp

Jun 2023+4.6 pp

Sep 2023+4.9 pp

Dec 2023+2.9 pp

Mar 2024+1.6 pp

Jun 2024+0.6 pp

Sep 2024+1.3 pp

Dec 2024+0.7 pp

Mar 2025−0.3 pp

Jun 2025+0.4 pp

Sep 2025−0.1 pp

Dec 2025−0.4 pp

Mar 20260.0 pp

Jun 2026−0.8 pp

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.9 pp

Dec 2022+4.0 pp

Mar 2023+4.2 pp

Jun 2023+4.3 pp

Sep 2023+4.2 pp

Dec 2023+2.1 pp

Mar 2024+2.0 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+0.2 pp

Mar 2025+0.5 pp

Jun 2025+0.4 pp

Sep 2025−0.3 pp

Dec 2025+0.9 pp

Mar 2026+0.4 pp

Jun 2026−0.5 pp

Travel + Leisure Co. · TNL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.3 pp

Dec 2022−0.3 pp

Mar 2023+0.3 pp

Jun 20230.0 pp

Sep 2023+0.3 pp

Dec 2023+0.4 pp

Mar 2024+0.1 pp

Jun 2024+0.1 pp

Sep 2024−0.3 pp

Dec 2024+0.2 pp

Mar 2025+0.1 pp

Jun 2025+0.2 pp

Sep 2025+0.3 pp

Dec 2025−3.4 pp

Mar 2026+0.1 pp

Jun 20260.0 pp

Tripadvisor, Inc. · TRIP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.7 pp

Dec 2022+0.9 pp

Mar 2023+0.3 pp

Jun 2023−0.9 pp

Sep 2023−0.3 pp

Dec 2023+2.2 pp

Mar 2024−0.1 pp

Jun 2024−0.4 pp

Sep 2024+0.3 pp

Dec 2024−1.6 pp

Mar 20250.0 pp

Jun 2025+1.5 pp

Sep 2025+0.3 pp

Dec 2025−1.9 pp

Mar 2026−0.6 pp

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022+0.7 pp

Mar 2023—

Jun 2023—

Sep 2023+10.3 pp

Dec 2023+3.3 pp

Mar 2024—

Jun 2024—

Sep 2024+1.5 pp

Dec 2024+1.1 pp

Mar 2025+3.5 pp

Jun 2025−11.4 pp

Sep 2025+0.9 pp

Dec 2025+1.2 pp

Mar 2026+0.4 pp

Jun 2026—

09 · compare level, then change

Valuation Against Growth & Quality

Airbnb, Inc. has the lowest PEG among the 14 Travel Services companies compared here, at 0.6×. Carnival Corporation Ltd. is next at 0.63×. Carnival Corporation Ltd. has the lowest P/E at 12.6×, so level and change sit with different companies. 5 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Airbnb, Inc. has the lowest comparable PEG at 0.6×, 4.8% below Carnival Corporation Ltd.. Only 5 of 14 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAirbnb, Inc. · 0.6×

Gap4.8% versus #2 · Carnival Corporation Ltd.

Persistence0/8 recent comparable periods

Coverage5/14 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Airbnb, Inc. ABNB0.6

2Carnival Corporation Ltd. CCL0.6

3Booking Holdings Inc. BKNG1.2

4Pursuit Attractions and Hospitality, Inc. PRSU1.3

5Expedia Group, Inc. EXPE3.3

P/Elowest P/E

1Carnival Corporation Ltd. CCL12.6

2Norwegian Cruise Line Holdings Ltd. NCLH13.2

3Royal Caribbean Cruises Ltd. RCL19.6

4Expedia Group, Inc. EXPE20.3

5Travel + Leisure Co. TNL20.9

Valuation · company comparison

5/14 level · 12/14 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Expedia Group, Inc. EXPE	3.3	20.3	Mar 2026
Booking Holdings Inc. BKNG	1.2	22.2	Mar 2026
Travel + Leisure Co. TNL	0.8	20.9	Jun 2026
Norwegian Cruise Line Holdings Ltd. NCLH	0.7	13.2	Jun 2026
Carnival Corporation Ltd. CCL	0.6	12.6	Jun 2026
Airbnb, Inc. ABNB	0.6	31.1	Mar 2026
Royal Caribbean Cruises Ltd. RCL	0.5	19.6	Jun 2026
Viking Holdings Ltd VIK	—	27.3	Mar 2026
MakeMyTrip Limited MMYT	—	103.6	Mar 2026
Global Business Travel Group, Inc. GBTG	—	34.9	Mar 2026
Tripadvisor, Inc. TRIP	—	106.6	Mar 2026
Pursuit Attractions and Hospitality, Inc. PRSU	—	37.0	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.6

Dec 2025—

Mar 2026—

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.6

Mar 20240.9

Jun 20241.2

Sep 2024—

Dec 20240.6

Mar 20251.4

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20261.2

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20250.3

Mar 20260.3

Jun 20260.6

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.5

Dec 2024—

Mar 2025—

Jun 20250.5

Sep 20250.6

Dec 20253.3

Mar 2026—

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.7

Dec 2025—

Mar 2026—

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.3

Jun 20250.5

Sep 20250.4

Dec 20250.4

Mar 20260.5

Jun 2026—

Travel + Leisure Co. · TNL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.5

Jun 20231.1

Sep 2023—

Dec 20230.3

Mar 20240.5

Jun 20240.4

Sep 20240.5

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.8

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Airbnb, Inc. · ABNB

Sep 2021—

Dec 2021—

Mar 2022148.1

Jun 202248.7

Sep 202243.8

Dec 202230.7

Mar 202341.3

Jun 202337.4

Sep 202316.6

Dec 202318.8

Mar 202422.1

Jun 202420.6

Sep 202444.5

Dec 202432.0

Mar 202530.2

Jun 202532.0

Sep 202528.8

Dec 202533.7

Mar 202631.1

Jun 2026—

Booking Holdings Inc. · BKNG

Sep 2021259.2

Dec 202185.2

Mar 2022190.0

Jun 202246.6

Sep 202227.0

Dec 202226.4

Mar 202326.0

Jun 202323.3

Sep 202321.5

Dec 202330.2

Mar 202427.2

Jun 202427.7

Sep 202428.6

Dec 202428.8

Mar 202528.7

Jun 202540.3

Sep 202535.1

Dec 202532.3

Mar 202622.2

Jun 2026—

Carnival Corporation Ltd. · CCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202461.0

Jun 202423.2

Sep 202414.7

Dec 202417.7

Mar 202516.0

Jun 202512.6

Sep 202516.6

Dec 202512.8

Mar 202614.0

Jun 202612.6

Expedia Group, Inc. · EXPE

Sep 2021—

Dec 2021—

Mar 2022168.7

Jun 202247.2

Sep 202234.3

Dec 202240.4

Mar 202349.3

Jun 202319.3

Sep 202318.5

Dec 202328.6

Mar 202425.8

Jun 202422.5

Sep 202419.1

Dec 202420.8

Mar 202519.8

Jun 202520.7

Sep 202520.5

Dec 202528.9

Mar 202620.3

Jun 2026—

Global Business Travel Group, Inc. · GBTG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025404.0

Dec 202534.8

Mar 202634.9

Jun 2026—

MakeMyTrip Limited · MMYT

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023167.6

Sep 2023168.1

Dec 2023102.1

Mar 202440.8

Jun 202449.8

Sep 202450.8

Dec 202461.0

Mar 2025118.1

Jun 2025114.0

Sep 2025146.3

Dec 2025171.1

Mar 2026103.6

Jun 2026—

Norwegian Cruise Line Holdings Ltd. · NCLH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202351.4

Mar 202429.9

Jun 202422.1

Sep 202418.8

Dec 202413.6

Mar 202511.0

Jun 202514.0

Sep 202518.1

Dec 202524.3

Mar 202615.7

Jun 202613.2

Pursuit Attractions and Hospitality, Inc. · PRSU

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20243.3

Mar 20252.9

Jun 20252.5

Sep 20252.9

Dec 202542.1

Mar 202637.0

Jun 2026—

Royal Caribbean Cruises Ltd. · RCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202328.8

Dec 202320.5

Mar 202417.9

Jun 202417.4

Sep 202418.2

Dec 202421.1

Mar 202517.1

Jun 202523.5

Sep 202521.8

Dec 202517.9

Mar 202616.8

Jun 202619.6

Travel + Leisure Co. · TNL

Sep 202123.2

Dec 202115.4

Mar 202215.2

Jun 20229.3

Sep 20227.8

Dec 20228.6

Mar 20238.8

Jun 20239.0

Sep 20238.0

Dec 20237.4

Mar 20249.1

Jun 20248.1

Sep 20248.5

Dec 20248.7

Mar 20258.4

Jun 20258.9

Sep 20259.8

Dec 202520.5

Mar 202619.4

Jun 202620.9

Tripadvisor, Inc. · TRIP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022128.4

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023307.6

Mar 2024185.3

Jun 2024118.7

Sep 202463.0

Dec 2024369.3

Mar 202538.3

Jun 202527.2

Sep 202525.4

Dec 202547.0

Mar 2026106.6

Jun 2026—

Viking Holdings Ltd · VIK

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024122.4

Mar 202531.8

Jun 202528.7

Sep 202529.1

Dec 202527.8

Mar 202627.3

Jun 2026—

10 · 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.

11 · evidence and freshness

How was this comparison built?

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 2026-08-04. 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 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Travel Services company comparison FAQs

These 22 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 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Travel Services sector outperforming S&P 500?

Travel Services has outperformed S&P 500 by 8.8% over 52 weeks and 16% over 13 weeks. 7 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 11 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 11 of 14 comparable companies.

Which Travel Services company has the strongest 4-Factor Sector Score?

Lindblad Expeditions Holdings, Inc. ranks first at 60.7/100 with 60.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Travel Services company has the lowest comparable PEG?

Airbnb, Inc. has the lowest comparable PEG at 0.6, among 5 of 14 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Travel Services comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 11 of 14 companies with comparable reporting through Mar 2026.

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 11 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 PEG — where a LOWER number is cheaper — Airbnb, Inc. screens cheapest at 0.6×. Only 5 of 14 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Travel Services sector beating the market?

Travel Services has outperformed S&P 500 by 8.8% over the last 52 weeks and 16% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 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?

Lindblad Expeditions Holdings, Inc. scores 60.7 out of 100 with 60.6% evidence confidence, from 20.8 points on growth and earnings, 10.3 on capital efficiency, 10 on valuation and 19.6 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, 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 $482,946 million of combined market value. Booking Holdings Inc. is the largest at $150,536 million, about 31% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

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 2026-08-04.

How is the Travel Services sector performing?

7 of the 13 covered Travel Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 8.8% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

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.