The online travel industry is one of the most competitive, dynamic, and fast-moving industries. There are a lot of activities of the big players to increase their market shares and strengthen their brands. Competition is fierce in this industry and scale matters. Let’s have a look at the key players.
Founded in 2017, Travala.com has grown from a small start-up to the world’s leading cryptocurrency-friendly hotel and accommodation booking service trusted by thousands of customers worldwide as their preferred online travel agency.
The Travala.com platform currently offers 2,000,000+ properties covering 90,124 destinations in 230 countries and territories, with prices up to 40% cheaper than the mainstream travel booking platforms.
Travala has one of the world’s largest selection of incredible places to stay, including everything from hotels, apartments, villas, and hostels to 5-star luxury resorts.
Travala charges commission fees which is currently an average of 10% of the booking value.
Founded in 2008, Airbnb offers a marketplace for people to rent out their homes to temporary residents.
190 countries, with 2 million listings serving 60 million guests.
Primary homes (individual homeowners and apartment renters), urban apartments(an entire place, a single room, or shared room), and accommodation in original spaces(castles, tree houses, igloos, wagons, boats)
Airbnb charges guests a booking fee from 6% to 12% and charges hosts a 3% commission.
HomeAway / VRBO
Founded in 2005, HomeAway provides a marketplace for vacation rentals including home rentals, condos, villas, beach rentals, cabins, cottages, etc.
190 countries with 1.2 million paid listings.
Vacation rentals – second homes (managed by vacation rentals property managers), whole houses.
Currently, there is no booking fee for guests and a 10% commission for vacation rental owners. Also, as the subscription service had a barrier for those who wanted to try it, HomeAway has moved from a subscription service to launching a commission-based product.
TripAdvisor Vacation Rental
TripAdvisor bought FlipKey in 2008 and in recent months, TripAdvisor has transitioned its FlipKey units vacation rentals onto a single technology platform called TripAdvisor Vacation Rentals.
720,000 vacation rental home listings.
FlipKey offers original accommodations with beach, apartment, home, boathouse, and villa listings, except that they do not have shared room listings, only private rooms, and entire property rentals.
TAVR charges a 7% commission fee for vacation rentals managed listings and a 3% commission for individual homeowners with guests booking fee ranging from 5% to 15%.
Booking.com started as a hotel company, founded in 1996 and acquired by the Priceline Group in 2005. Since then the company has expanded into alternative accommodations, and now vacation rentals.
Currently, Booking.com is the world’s largest lodging seller in terms of number of hotels, vacation rentals, and apartments.
One-stop-shop for hotels, vacation rentals, and apartments.
No booking fee for guests, the unpublicized commission fee for vacation rental owners and hosts(Expedia predicted the commission fee would be around 15%).