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November 2026
Largest Travel & Hospitality Software Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Amadeus, Aristocrat Leisure, ServiceTitan, Navan and TravelSky.
 | Founded in 1987 by four major European airline carriers (Air France, Lufthansa, Iberia, and SAS), Amadeus became the world’s second global distribution system operator, or GDS, after Sabre’s development in the 1960s and 1970s. Today, among the top three GDS operators that control nearly 100% of industry sales, Amadeus' 40%-plus market share ranks as the largest. Overall, Amadeus’ GDS segment represented 48% of total in 2024. Moreover, the company has an expanding IT solutions division (52% of 2024 revenue) that addresses the airline, airport, rail, hotel, and travel agency markets. Transaction fees, which are tied to volume and not price, account for the bulk of consolidated sales and profits. | $69 | -6% | $29B | $32B | 4.4x | 11.5x | ||
 | Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers. | $45 | +8% | $27B | $28B | 6.5x | 16.6x | ||
 | ServiceTitan Inc is an end-to-end technology platform built for contractors to transform the performance of their businesses. The Company’s platform provides business owners, technicians, customer service representatives and other key office staff with technology tools designed to help customers grow revenue, drive operational efficiencies, deliver a superior end-customer experience and monitor key business drivers in real-time. The Company also has subsidiaries in Yerevan, Armenia and British Columbia, Canada that primarily serve as research and development and support centers. | $83 | -6% | $8B | $7.5B | 7.8x | (87.7x) | ||
| Navan Inc is an end-to-end, AI-powered software platform built to simplify the world-wide business T&E experience, benefiting users, customers, and suppliers. Its leveraged technology to reimagine business travel. The company deliver delightful, personalized experiences for users, efficiency and control for customers, and direct market access for suppliers-all powered by its proprietary AI framework, Navan Cognition. Geographically, the company operates in United States, United Kingdom and Other countries, of which United States derives maximum revenue. | $25 | +53% | $6.6B | $6B | 8.5x | (20.3x) | ||
 | TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue. | $1 | -12% | $3.5B | $1.4B | 1.1x | 2.7x | ||
| Agilysys Inc provides hospitality software delivering cloud-native SaaS and on-premise solutions for hotels, resorts, cruise lines, casinos, corporate foodservice management, restaurants, universities, stadiums, and healthcare facilities. The company’s software solutions include point-of-sale (POS), property management (PMS), inventory and procurement, payments, and related applications that manage and enhance the entire guest journey. It derives maximum revenue from the provision of software subscription and maintenance services, followed by the provision of professional services, and the sale of products (proprietary software licenses, third-party hardware, and operating systems). Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India. | $122 | -1% | $3.4B | $3.3B | 10.4x | 57.9x | ||
| Beijing Shiji Information Technology Co Ltd is an information technology company based in China. It is engaged in the development of software solutions serving mainly hotel, food and beverage, retail, and leisure and entertainment sectors. Shiji provides branded chain stores with complete management solutions and department store solutions which include investment management system, ERP, CRM, visual counter system, mobile POS and cloud platform. In addition, Shiji provides installation, certifications and after-sales service for a variety of hardware including servers, point of sale equipment and printers. | $1 | -38% | $2.9B | $2.5B | 6.0x | 119.8x | ||
 | Ballys Intralot SA is a iGaming operator and a world-wide provider of lottery solutions. The company enables operators to modernize their retail and digital offerings, deliver personalized and responsible player experiences, and operate with greater agility and efficiency in an increasingly converging gaming ecosystem. Its products and services include: B2C operations, Gambling Solutions, Betting Solutions, Lottery Solution and Digital Transformation. | $1 | +6% | $2.3B | $4.1B | 7.1x | 27.5x | ||
| HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence. | $9 | +26% | $2.2B | $2.9B | 3.3x | 13.7x | ||
 | Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and B2C - Snaitech, B2C - Sun Bingo and Other B2C, and B2C - HAPPYBET. The company generates majority of its revenue from B2B segment. It generates majority of revenue from Italy. | $5 | +31% | $1.4B | $1.3B | 1.5x | (50.1x) | ||
| EverCommerce is an American software company headquartered in Denver, Colorado, that sells vertical software-as-a-service products to service-based small and medium-sized businesses. It was founded in 2016 by Eric Remer and has grown partly by acquiring software businesses in its target markets. Its offerings combine business management software, integrated payment acceptance, marketing technology and customer engagement applications, organised around home services under the EverPro brand, health services under EverHealth, and fitness and wellness services. Customers pay recurring subscription fees and transaction-based fees on payments processed through its software. Silver Lake invested in the company in July 2019, and EverCommerce listed on the Nasdaq Global Select Market on July 1, 2021 under the ticker EVCM, selling 19.1 million shares at $17 each. It reported revenue of about $589 million and net income of $17.6 million for 2025, and guided to revenue of $612 million to $632 million for 2026. The company had about 1,800 employees in 2026. | $6 | -26% | $1.1B | $1.5B | 2.6x | 11.8x | ||
 | Tsuburaya Fields Holdings Inc formelry, Field Corp is a Japanese company which primarily develops and distributes gaming machines. The company designs, develops, sells, and maintains Pachinko and Pachislot gaming machines and software. In addition to its core gaming machine business, the company produces, licenses, and merchandises comics, movies, and interactive media content. Field Corp organises itself into four segments: comics, animation, movies/TV, and merchandising. The company is headquartered in Japan and generates all revenue domestically. | $15 | +21% | $961M | $878M | 0.8x | 7.2x | ||
 | Rategain Travel Technologies Ltd is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries. Geographically, it derives a majority of its revenue from the United Kingdom. | $7 | -10% | $850M | $904M | 4.7x | 25.9x | ||
| Nanjing LES Information Technology Co Ltd Provides overall solutions for civilian command information systems. | $5 | -52% | $831M | $703M | 3.7x | 68.5x | ||
| Sabre is a travel technology company headquartered in Southlake, Texas, and the largest global distribution system (GDS) provider for air bookings. Its Sabre Global Distribution System acts as a neutral marketplace that connects airlines, hotels and other travel suppliers with travel agencies and corporate travel managers, giving them real-time availability and pricing, and the company also sells the Sabre Mosaic airline technology platform for reservations and airline operations. Sabre earns mostly transaction fees on bookings made through its marketplace, plus technology revenue from airline customers, and reported revenue of $2.771 billion and net income of $525 million for 2025 with about 4,650 employees. Its main competitors are Amadeus and Travelport. The system was founded by American Airlines in 1960 as the Semi-Automatic Business Research Environment, built with IBM, and later launched the online travel agency Travelocity in 1996. Sabre was spun off from American Airlines as an independent company in 2000, taken private by Texas Pacific Group and Silver Lake in 2007, and listed again on Nasdaq in April 2014 at a $3.93 billion valuation. It sold Travelocity to Expedia in 2015, sold its Hospitality Solutions division to TPG in 2025, and signed a multi-year $1.56 billion technology partnership with Coforge the same year; Kurt Ekert is chief executive. | $2 | +15% | $749M | $4.6B | 1.6x | 14.5x | ||
| SiteMinder is a technology company that provides e-commerce software for the global hotel industry. SiteMinder is the world’s largest e-commerce software provider for small and midsize accommodation businesses and provides over 50,000 accommodation businesses with a comprehensive suite of tools to increase their room utilization, rates, and profitability. | $2 | -44% | $683M | $669M | ||||
| Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Corporate Costs. Its highest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca offers bingo, gaming machines, great value food and drink, and live entertainment. Enracha is Rank’s community gaming business for the Spanish market. Rank's digital business segment includes Mecca and Grosvenor for the UK market and Yo for the Spanish market, and also operates over 80 UK digital-only brands via its proprietary technology platform and third-party platforms. Geographically, the company generates the majority of its revenue in the United Kingdom. | $1 | -11% | $581M | $777M | ||||
 | Kambi Group PLC is a Malta-based company engaged in the provision of managed sports betting services. It is a business-to-business provider of sports betting services to licensed gaming operators. Its services encompass a broad offering from the front-end user interface through to odds compiling, customer intelligence, and risk management, built on in-house developed software. Kambi has offices in the United States, Sweden, the Philippines, Malta, Denmark, Romania, the United Kingdom, and Australia. Geographically, the majority of its revenue is generated from the Americas. The majority of revenue is from contracts with customers for sports betting services. | $17 | +20% | $442M | $404M | ||||
 | Vista Group International Ltd provides software and technology solutions across the global film industry sectors of distribution, exhibition, and the end consumer, moviegoers. The principal activity is the sale, support, and associated development of software for the film industry. The company operates in the vertical cinema/film market in the following reportable segments namely the Cinema segment and Film segment. The company has offices in New Zealand, with additional offices located in Sydney, Cape Town, London, Amsterdam, Beijing, Shanghai, Kuala Lumpur, Los Angeles, and Mexico City. | $2 | +4% | $369M | $382M | ||||
 | PhilWeb Corp is a gaming technology provider in the Asia Pacific Region. The company's purpose is to develop, design, build, operate, and manage gaming systems, applications, and operating platforms and facilities. The company products include e-Games, BigGame Inc, and Sports Betting. | $0 | +70% | $298M | $298M | ||||
 | Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States. | $10 | -26% | $283M | $417M | ||||
| Gloo Holdings Inc is engaged in building a technology platform company. It has provided a breadth of products, services, and solutions to the two primary stakeholders at the core of the faith and flourishing ecosystem: (1) network capability providers (NCPs) and (2) the churches and frontline organizations (CFLs) it serves. The company serves as a digital infrastructure between NCPs and CFLs. By facilitating efficient exchange between the two, Gloo enables both sides to succeed; CFLs gain access to resources and NCPs benefit from efficient distribution and targeted reach. This creates a virtuous cycle, strengthening the platform with each interaction. The Gloo platform includes a suite of technology, marketplace, and service solutions offered directly from Gloo or from Gloo’s subsidiaries. | $3 | -67% | $269M | $297M | ||||
| Ainsworth Game Technology Ltd is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and several other countries. With the firm's domestic market share and earnings shrinking, the company has shifted focus to international operations, particularly the North American business. | $1 | +10% | $249M | $260M | ||||
 | Hitit Bilgisayar Hizmetleri AS develops software solutions for airlines, travel companies and airports, carry operations to provide these as a service, to host and to sell. The company operates in a single reporting unit that develop software solutions for the travel industry, especially for airlines, tour operators and airports, providing them as a service, additional development, maintenance and operating activities. | $1 | -47% | $177M | $173M | ||||
| Accelya Solutions India Ltd provides software solutions for the airline and travel industries of various countries. It offers platforms that support passenger services, cargo operations, and airline financial processes, including revenue accounting and settlement. The company’s software helps airlines manage booking, pricing, cargo bookings, invoicing, and payment settlements, with a focus on streamlining operations and supporting airline retailing standards. Revenue is derived mainly from transaction processing, managed processes, technology and hosting services, licensing of software products, related implementation, and maintenance services. Accelya operates globally, serving a broad base of airline customers and supporting digital transformation within the industry. | $11 | -26% | $159M | $154M | ||||
| Digital Hearts Holdings Co Ltd is a Japan-based company engaged in the Entertainment Business and the Enterprise Business. Its Entertainment business is involved in Debugging Business, Media Business and Creative Business. Its Enterprise Business is involved in Testing and Monitoring, Security, and System Development. | $7 | +8% | $147M | $140M | ||||
| accesso Technology Group PLC is a software company engaged in the development and application of ticketing, mobile, and eCommerce technologies, licensing, and operation of virtual queuing solutions, and providing a personalized experience to customers within the attractions and leisure industry. It operates in segments: the Ticketing and Distribution, Guest Experience, and Professional Services. Its solutions are accesso LoQueue, accesso Passport, accesso Siriuswarem, and accesso ShoWare, which provide solutions for ticketing & admissions, gift cards, kiosks, and eCommerce, box office, call center, and social media sales and others. It has a presence in the UK, other Europe, Australia, the USA, and Canada which drives key revenue, in Central and South America. | $4 | -7% | $136M | $130M | ||||
 | ReGuest is a hotel technology company based in Merano, South Tyrol, that sells a commercial operating platform for hotels. The platform combines a guest communication inbox, a hotel CRM, email and WhatsApp newsletters, sales offers, a guest app, websites and online marketing, and an AI agent called CRIS. It was founded in 2014 and listed on the Vienna Direct Market Plus segment in December 2024. For 2025 it reported total revenue of EUR 6,658,042 and EBITDA of EUR 1,642,015. Since 2025 it has built its group through purchases and stakes in Zeppelin Hotel Tech, opensmjle, Indicate Data, orderando, Servecloud and the British agency UP Hotel Agency. Its customers are hotels and camping sites in Italy, Austria, Germany and Switzerland. | $8 | -15% | $128M | $133M | ||||
| Squeeze Inc operates hotels and is engaged in the planning and development of accommodation facilities. Its activities also include system development, digital transformation (DX) consulting, and related services for the hospitality sector. The company offers a cloud-based accommodation management system, "Suitebook," and supports clients across areas such as hotel operations, system implementation, and remote management. | $38 | -- | $125M | $110M | ||||
| Inspired Entertainment Inc is a gaming technology company based in the United States. Its core business involves the development of Virtual Sports and Server-Based Gaming systems with associated terminals and digital content to regulate betting, gaming, and lottery operators around the world. It operates through four segments, namely Gaming, Virtual Sports, Interactive, and Leisure. The company generates maximum revenue from the Gaming segment. Its Gaming segment supplies gaming terminals as well as gaming software and games for the terminals provided to betting offices, casinos, gaming halls, and high street adult gaming centers. Geographically, it derives a majority of revenue from the UK. | $4 | -47% | $116M | $430M | ||||
| Tripla Co Ltd provides AI chatbot and hotel booking engine services as SaaS-easy to start and quickly enhance customer satisfaction. Its services include tripla book, tripla boost, tripla bot, tripla connect, tripla link, tripla analyatics, and tripla success. | $17 | +59% | $99M | - | ||||
| Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand, the US, India, Singapore, and Others. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms. | $1 | -58% | $81M | $55M | ||||
| Galaxy Gaming Inc is an established gaming company specializing in the design, development, acquisition, assembly, marketing, and licensing of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. Casinos use their proprietary products and services to enhance their gaming operations and improve their profitability, productivity. and security, as well as to offer popular cutting-edge gaming entertainment content and technology to their players. | $2 | -43% | $40M | $68M | ||||
| RAS Technology Holdings Ltd is a provider of fully integrated premium data, enhanced content, SaaS solutions, and digital and media services to the racing and wagering industries. Geographically, the company operates in Australia, the United Kingdom, the United States, Asia, and the Rest of the World. The company generates the majority of its revenue from Australia. | $1 | +9% | $34M | $31M | ||||
| Grandstand Ltd is the intelligence layer powering informed decisions for consumers and partners across sports, gaming and entertainment. Its brands include OddsJam, OpticOdds, RotoWire, Gambling.com and Casinos.com. The group's partner solutions span sports data, advertising, audience monetization, entertainment, and tickets. | $1 | -85% | $29M | $147M | ||||
 | LSI Software SA is engaged in software development for retail and hospitality sectors as well as for cinema operators. It also involved in professional services, implementation services, maintenance, and the supplying of hardware solutions. The company products are bifurcated namely Bastion Enterprise Resource Planning (ERP), Positive Retail, Positive Hospitality and Expert computer hardware. The company derives majority of its revenues from the sale of the Software business and has operations spread across Poland. Its geographic segments include Poland and other countries. | $9 | +23% | $25M | $27M | ||||
 | ZeroQ is a Santiago-based IT firm specializing in mobile application development and big data analytics. It creates custom apps for e-commerce, logistics, and fintech sectors. | $18 | -- | $13M | $14M | ||||
| MMA Inc develops technology solutions for the martial arts and combat sports sector. Its platform is designed to support gyms and related businesses by improving areas such as sales channels, customer onboarding, and member engagement. The platform also connects participants, gyms, and communities within the sector, enabling digital management and interaction. | $0 | -74% | $12M | $12M | ||||
| Zeppelin Hotel Tech is a software and digital marketing company for hotels, headquartered in Merano. It builds hotel websites, runs online marketing campaigns and search optimisation, and sells a self-developed marketing platform called Amplifyr. The company says more than 1,000 hotel clients use its services. Its shares trade on the direct market segment of the Vienna Stock Exchange after an application filed in November 2025. ReGuest bought 80 percent of the company in June 2025 and held 84.5 percent by September 2026, when the board began preparing a merger into ReGuest. Preliminary 2025 revenue was EUR 3.76 million with negative EBITDA of EUR 0.57 million. | $2 | -- | $12M | $11M | ||||
| Telkonet is an American developer of intelligent automation and energy management systems, headquartered in Waukesha, Wisconsin. Its EcoSmart platform and newer Rhapsody system combine occupancy-based smart thermostats and IoT-connected devices with cloud software to control heating and cooling room by room, cutting energy use without sacrificing guest or resident comfort. The company sells mainly to hotels, and also to multi-dwelling residential properties and military housing, earning revenue from hardware sales and software-as-a-service subscriptions. Founded in 1999 as a communication and network provider, Telkonet had deployed more than 700,000 intelligent climate-control devices in over 4,000 properties by early 2022, and it has a team of about 30 employees. In January 2022 VDA Group of Pordenone, Italy, a maker of guest room management systems and interactive TV for hotels founded in 1980, acquired 53% of Telkonet, whose shares trade on the OTC market. The combined VDA-Telkonet group says it has around 1 million rooms installed in 50 countries and two in-house R&D teams totalling about 40 engineers. | IoT+2 | $0 | -23% | $4M | $4M | |||
| Zonetail Inc is a mobile platform and market network. Its mission is to provide a mobile platform that enables high-rise residents to manage their homes by connecting people to products, amenities, and services. Its Vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a mobile market network model - providing vital information, products, and services at the tap of a screen. It is the search engine to optimize the home. Zonetail is partnered with Yardi, Shiftsuite, and now MRI Software which together account for an estimated 50 million households across North America. | $0 | -- | $3M | $4M | ||||
 | Zaplox AB is the provider of mobile commercial key solutions to hotels and holiday homes.Zaplox is a provider of digital guest solutions for the hospitality industry. The company’s SaaS platform is designed to enhance the guest experience and offers a comprehensive suite of products and services, including check-in and mobile key functionality. Zaplox’s platform is a valuable complement to the guest experience, helping hotel chains, resorts and casinos in EMEA, North America and APAC deliver a seamless digital experience. | $0 | -- | $3M | $3M | ||||
 | 3 E Network Technology Group Ltd is a business-to-business (B2B) information technology (IT) business solutions provider. It focuses on integrated software and hardware solutions in the property management and exhibition services spaces and expanded software solutions offering to a variety of industries and sectors, including food establishments, real estate, exhibition & conferencing, and clean energy utilities. The business includes two main portfolios, namely the software development portfolio and exhibition and conference portfolio. Maximum revenue is generated from the software development portfolio. | $2 | -81% | $2M | $1M | ||||
| Median | $4 | -9% | $269M | $340M | 2.6x | 7.7x |
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