Largest TravelTech Public Companies in Spain

Company	HQ	Description	Sectors	Stock Price	1Y Perf.	Market Cap	EV	EV/Revenue	EV/EBITDA
Amadeus		Founded in 1987 by four major European airline carriers (Air France, L…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.	Travel & Hospitality Software+2	$62	-27%	$27B	$30B	3.9x	10.1x
Indra Sistemas		Indra Sistemas SA is a Spain-based provider of information technology…Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.	Defense Systems+2	$62	+47%	$11B	$10B	1.5x	11.0x
eDreams ODIGEO		Edreams Odigeo SA is an online travel company that uses technology and…Edreams Odigeo SA is an online travel company that uses technology and builds on relationships with suppliers, product know-how, and marketing expertise to attract and enable customers to search, plan, and book a broad range of travel products and services. Its travel solutions content includes flights, hotels, dynamic packages (flight plus hotel), trains, car rentals, and ancillaries (such as seats, bags, and insurance), which are sourced from a wide range of suppliers which include airlines, hotels, GDS aggregators, white label partners, car rental suppliers, train operators, and insurance providers. The company's segments include France; Southern Europe (Spain and Italy); and Northern Europe (Germany, Nordics, and UK).	Travel Services+4	$4	-56%	$414M	$830M	1.0x	4.1x
Bytetravel		Bytetravel SA is a Spanish company, specializing in the travel tech se…Bytetravel SA is a Spanish company, specializing in the travel tech sector and dedicated to developing ancillary services for tourists and business travelers world-wide. The company aims to provide complementary services, or ancillaries, delivering them efficiently and reliably through the extensive use of technology, automation, biometrics, and artificial intelligence. Its objective is to provide services that help clients save time on administrative tasks and contribute to reducing overall operational costs.	Online Travel+2	$5	-34%	$156M	$153M	6.8x	233.5x
Median				$33	-30%	$6B	$5B	2.7x	10.5x

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