October 2026
Largest TravelTech Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
Uber, Booking Holdings, Airbnb, Expedia and Navan.
 | Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber operates in over 70 countries, with over 202 million users who order rides or food at least once a month. | $72 | -26% | $146B | $156B | 3.0x | 25.1x | ||
| Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airlines, rental cars, restaurants, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, Rentalcars.com, Kayak, and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits. | $160 | -21% | $120B | $124B | 4.6x | 14.9x | ||
| Airbnb is a global online marketplace connecting hosts offering homes or experiences with guests seeking short-term accommodation and travel activities. It earns service fees on bookings while providing discovery, payments, trust, customer support, and marketplace infrastructure. The company serves customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its economics are driven by marketplace, while its competitive position depends on sector expertise, asset quality, customer relationships, and disciplined capital allocation. The company is classified in Accommodation and Online Travel and Consumer Marketplaces because those categories best represent its principal activity at the transaction date. This profile is intended to identify the legal or operating business involved in the deal, including a historical name where the company was later renamed, merged, privatized, or reorganized. | $166 | +30% | $98B | $88B | 7.2x | 36.3x | ||
| Expedia Group is an American travel technology company headquartered in Seattle, Washington, that runs online travel booking sites and supplies travel inventory and technology to other businesses. It was founded in October 1996 as a division of Microsoft, spun off as a public company in 1999, came under the control of IAC in 2001 and was spun off by IAC in August 2005. Its three core consumer brands are Expedia, Hotels.com and Vrbo, alongside Orbitz, Travelocity, Hotwire, ebookers, Wotif and the Trivago hotel metasearch site, while its B2B segment powers travel sales for airlines, travel agents, retailers, corporate travel managers and financial institutions. At the end of 2025 it offered about 3.6 million lodging properties, including 2.4 million Vrbo alternative accommodations, plus more than 500 airlines, rental cars, cruises and activities. It earns mainly commissions and margins on bookings, plus advertising revenue; in 2025 gross bookings were $119.6 billion and revenue $14.7 billion, of which lodging contributed $11.8 billion. The company had about 16,000 employees in nearly 50 countries at the end of 2025. Its shares trade on Nasdaq; Barry Diller is chairman and Ariane Gorin chief executive. | $274 | +23% | $33B | $33B | 2.2x | 13.0x | ||
| 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. | $24 | +17% | $6.2B | $5.5B | 7.8x | (18.8x) | ||
| Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts, and Travel and Membership which operates a variety of travel businesses, including two vacation exchange brands, Vacation Ownership and Travel and Membership The majority of the revenue is earned from the United States. | $63 | 0% | $3.8B | $9.3B | 2.3x | 13.5x | ||
| 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. | $105 | -16% | $3B | $2.9B | 8.9x | 50.0x | ||
| 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. | $9 | -22% | $1.6B | $2B | 3.4x | 15.7x | ||
| Tripadvisor is the world’s leading travel metasearch company. Its platform offers 1 billion reviews and information on several million accommodations, restaurants, experiences, airlines, and cruises. In 2025, 42% of revenue came from the company's core Hotel and Other segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 46% of revenue in 2025, and TheFork, its dining brand, represented 12% of sales. | $9 | -46% | $1B | $1.1B | 0.6x | 6.7x | ||
| 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 | -7% | $767M | $4.4B | 1.6x | 14.1x | ||
| Travelzoo acts as a publisher of travel and entertainment offers. It operates in four segments. Travelzoo North America segment, which is the key revenue driver, consists of operations in Canada and the U.S.; Travelzoo Europe segment consists of operations in France, Germany, Spain, and the U.K.; Jack's Flight Club segment consists of subscription revenue from premium members to access and receive flight deals from Jack's Flight Club via email or via Android or Apple mobile applications; and New Initiatives consists of Travelzoo’s licensing activities in Asia Pacific territories. It derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on the company's media properties. | $5 | -38% | $53M | $58M | 0.6x | 7.2x | ||
| Median | $63 | -16% | $3.8B | $5.5B | 3.0x | 14.1x |
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