Global market valuation was derived through gross booking value (GBV) mapping and transaction volume analysis. The methodology included:
Identification of 60+ key OTA platforms across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Product mapping across flights, hotels, vacation rentals, car rentals, tours & activities, and ancillary services (travel insurance, airport transfers, visa assistance, currency exchange)
Analysis of reported and modeled annual revenues specific to OTA operations, net revenue margins, and take rates by business model
Coverage of platforms representing 75-80% of global OTA market share in 2024, including Booking Holdings, Expedia Group, Ctrip/Trip.com Group, Trivago, eDreams Odigeo, MakeMyTrip, Despegar, and regional specialists
Extrapolation using bottom-up (transaction volume × average booking value by country/segment) and top-down (platform revenue validation, GBV-to-net revenue conversion factors) approaches to derive segment-specific valuations across merchant model, agency model, and hybrid model categories