The emergence of the Omicron variant of COVID-19 may put a dent in the recent fortunes of travel brands - but the third quarter of 2021 illustrated how quickly some companies were returning to financial stability.
Most of the publicly traded digital travel companies posted significant upticks in their financial results between July and September last year, especially in revenue as customers took long awaited trips for the first time since the onset of the pandemic.
This is typically a busy period for many brands during the summer months in the north hemisphere but the gains year-over-year illustrate both the enthusiasm for getting on the road and how battered the industry was just 12 months before.
Noteworthy increases came for Airbnb, which found itself just $700 million in revenue behind Expedia Group in Q3 2021 and solidifying its position as the third largest digital travel brand in the industry (Booking Holdings still has a commanding lead).
PhocusWire first produced its visualization of digital travel company quarterly revenues going back decades in November 2019.
The chart begins in 1995.
Several companies in international markets only report earnings on a half-year basis, which means their revenue numbers on the chart only change twice a year.
All currencies were converted into U.S dollars, using the exchange rate at the date of their respective earnings report.