INDUSTRY REPORT

2016INDUSTRY REPORT

INDUSTRY REPORT

What is

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INDUSTRY REPORT

The Tourism 100 is our annual ranking of the largest 100 tourism industry corporations worldwide as measured by total revenue. We limited the Tourism 100 report by Airlines, Hotels, Tour Operators and Travel Agencies. Each corporation has quoted on the stock exchange. We also separated our search into segments such as Top 15 Tour Operators Worldwide, Top 20 Travel Agencies Worldwide, Top 40 Hotels Worldwide and Top 50 Airlines Worldwide.

Everyone needs to get away every once in a while. But before you embark on your jour-ney, take a look at this list of the top tourism companies in the world, listed by their prominence. This list of major tourism companies includes the largest and most profi-table tourism businesses, corporations, agencies, hotels and airlines in the world. If you are wondering what the biggest tourism companies are, then this list has you covered. This list includes the most famous tourism companies in the industry. This list includes names of the largest tourism businesses. Looking for a travel companies list or just one tourism company in particular? This list should be a good start.

This list has a variety of companies, like Intercontinental Hotels Group, American Airli-nes Group, Thomas Cook Group and Expedia Inc., in it.

This list answers the questions, “What are the biggest travel companies in the world?” and “What are the most successful tourism companies?”

INDUSTRY REPORT

METHODOLOGYCompanies are ranked by total revenues for their respective fiscal years:

1. the fiscal year starts on April 1, 2015 and ends on March 31, 20162. the fiscal year starts on July 1 2015 and ends on June 30, 2016 3. the fiscal year starts on November 1, 2014 and ends on October 31, 2015 4. the fiscal year starts on October 1, 2015 and ends on September 30, 2016

Figures are as reported, and comparisons are with the prior year’s figures asoriginally reported for that year. World Tourism Forum does not restate theprior year’s figures for changes in accounting.

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REVENUESRevenue figures include consolidated subsidiaries and reported revenuesfrom discontinued operations, but exclude excise taxes.

CREDITSThis year’s Tourism 100 was prepared with the cooperation of theWorld Tourism Forum and the Nielsen Company.

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TOURISM & TRAVEL

TOP100

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American Airlines GroupDelta Air LinesUnited Continental HoldingsLufthansa GroupAir FranceKLMIAG (BA+Aer Lingus+Iberia+Vuelis)Emirates¹Intercontinental Hotels GroupSouthwest AirlinesTUI Group8

China Southern AirlinesAir ChinaAll Nippon Airways (ANA Group)¹China Eastern AirlinesMariott InternationalCathay Pacific GroupThomas Cook Group Plc8

Qantas Airways²Hilton Worldwide HoldingsJapan Airlines²

Singapore Airlines¹Air Canada¹Turkish AirlinesKorean AirQatar Airways¹Latam Airlines GroupPriceline GroupRyanair Holdings¹easyJetAeroflot GroupExpedia Inc.jetBlue AirwaysAccor Hotels GroupStarwood Hotels& ResortsThai AirwaysHainan AirlinesAlaska AirlinesWyndham Hotel GroupAsiana AirlinesSAS Scandinavian³

AirlinesAirlinesAirlinesAirlinesAirlinesAirlinesAirlinesHotels

AirlinesTour Operators

AirlinesAirlinesAirlinesAirlinesHotels

AirlinesTour Operators

AirlinesHotels

Airlines

AirlinesAirlinesAirlinesAirlinesAirlinesAirlines

Travel AgenciesAirlinesAirlinesAirlines

Travel AgenciesAirlinesHotelsHotels

AirlinesAirlinesAirlinesHotels

AirlinesAirlines

TOURISM & TRAVEL

TOP100

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6162636465666768697071727374757677787980

Air BerlinH.I.S Group³AviancaHyatt Hotels Corp.Eva Airways Corp.Rewe Group/ Rewe ReisenChina AirlinesGaruda IndonesiaVirgin Australia Group³Jet Airways¹China Intl. Travel Service Corp.Kuoni GroupAir New Zealand³WestJetVietnam AirlinesAeromexicoTransat A.T.³Norwegian Air ShuttleWhitbread PLC¹,6

Crown Resorts Australia²

FinnairIndigo¹GOL Airlines Hawaiian AirlinesAl Tayyar Travel GroupCopa AirlinesSouth African Airways Group¹Spirit AirlinesShangri-La Asia Ltd.Dart GroupEl Al AirlinesShanghai Jin Jiang Intl. HotelsMelia Hotels Intl.Flight Center Travel Group²China CYTS Tours Holdings Ctrip.com Intl. Ltd.AirAsiaWizzair Holdings¹Rakuten Inc./Rakuten TravelVirgin America

AirlinesTravel Agencies

AirlinesHotels

AirlinesTravel Agencies

AirlinesAirlinesAirlinesAirlines

Tour OperatorsTour Operators

AirlinesAirlinesAirlinesAirlines

Tour OperatorsAirlinesHotelsHotels

AirlinesAirlinesAirlinesAirlines

Travel AgenciesAirlinesAirlinesAirlinesHotels

Tour OperatorsAirlinesHotelsHotels

Travel AgenciesTravel AgenciesTravel Agencies

AirlinesAirlines

Travel AgenciesAirlines

TOURISM & TRAVEL

TOP100

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NH HotelesTripAdvisorScandic Hotels Group ABMandarin Oriental Intl. HotelsBeijing Utour International Travel Service Ltd. Juneyao AirlinesSpring Airlines Extended Stay AmericaPegasus AirlinesAllegiant AirlinesCEBU PacificTuniu Corporation Resorttrust Inc. (XIV Hotels)¹UTAir AviationVolaris AirlinesIcelandairKenya Airways²Carlson Rezidor Hotel GroupAegean Airlines

HotelsTravel Agencies

HotelsHotels

Tour OperatorsAirlinesAirlinesHotels

AirlinesAirlinesAirlines

Tour OperatorsHotels

AirlinesAirlinesAirlinesAirlinesHotels

AirlinesAirlines

NOTESthe typical fiscal year is the calendar year for 2015 (January 1st-December 31st) ¹the fiscal year starts on April 1, 2015 and ends on March 31, 2016 ²the fiscal year starts on July 1 2015 and ends on June 30, 2016 ³the fiscal year starts on November 1, 2014 and ends on October 31, 2015 4All local currencies have been converted into US dollars based on the 12-month ave-rage of the fiscal year they belong 6Includes revenue from hotel & restaurant operations only 8the fiscal year starts on October 1, 2015 and ends on September 30, 2016

TOURISM & TRAVEL

TOP100

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AIRLINESWORLDWIDE

TOP50

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American Airlines GroupDelta Air LinesUnited Continental HoldingsLufthansa GroupAir FranceKLMIAG (BA+Aer Lingus+Iberia+Vuelis)Emirates¹Southwest AirlinesChina Southern AirlinesAir ChinaAll Nippon Airways (ANA Group)¹China Eastern AirlinesCathay Pacific GroupQantas Airways²Japan Airlines²Singapore Airlines¹Air Canada¹Turkish AirlinesKorean AirQatar Airways¹

Latam Airlines GroupRyanair Holdings¹easyJetAeroflot GroupjetBlue AirwaysThai AirwaysHainan AirlinesAlaska AirlinesAsiana AirlinesSAS Scandinavian³Air BerlinAviancaEva Airways Corp.China AirlinesGaruda IndonesiaVirgin Australia Group³Jet Airways¹Air New Zealand³WestJetVietnam Airlines

USAUSAUSA

GermanyFrance

UKUAEUSAPRCPRC

JapanPRC

Hong KongAustralia

JapanSingapore

CanadaTurkey

S.KoreaQatar

ChileIreland

UKRussia

USAThailand

PRCUSA

S.KoreaSweden

GermanyColombia

TaiwanPRC

IndonesiaAustralia

IndiaNew Zealand

CanadaVietnam

AIRLINESWORLDWIDE

TOP50

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41424344454647484950

AeromexicoNorwegian Air ShuttleFinnairIndigo¹GOL Airlines Hawaiian AirlinesCopa AirlinesSouth African Airways Group¹Spirit AirlinesEl Al Airlines

MexicoNorwayFinland

IndiaBrazil

USAPanama

R.S.AfricaUSA

Israel

NOTESthe typical fiscal year is the calendar year for 2015 (January 1st-December 31st) All local currencies have been converted into US dollars based on the 12-month average of the fiscal year they belong ¹the fiscal year starts on April 1, 2015 and ends on March 31, 2016 ²the fiscal year starts on July 1 2015 and ends on June 30, 2016

³the fiscal year starts on November 1, 2014 and ends on October 31, 2015

AIRLINESWORLDWIDE

TOP50

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HOTELSWORLDWIDE

TOP40

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Intercontinental Hotels GroupMariott InternationalHilton Worldwide HoldingsAccor Hotels GroupStarwood Hotels& ResortsWyndham Hotel GroupHyatt Hotels Corp.Whitbread PLC¹,6

Crown Resorts Australia²Shangri-La Asia Ltd.Shanghai Jin Jiang Intl. HotelsMelia Hotels Intl.NH HotelesScandic Hotels Group ABMandarin Oriental Intl. Hotels

Extended Stay AmericaResorttrust Inc. (XIV Hotels)¹Carlson Rezidor Hotel GroupLa Quinta Holidays Inc.Home Inns Hotel GroupChina Lodging GroupChoice Hotels Intl. IncThe Hong Kong & Shanghai Hotels GroupThe Indians Hotels Co. Ltd. (Taj)¹Belmond Ltd.Minor Hotels Group5

Guoco Leisure Ltd. (GLH Hotels)Orbis Hotel GroupRegal Hotels

UKUSAUSA

FranceUSAUSAUSA

UKAustralia

Hong KongPRC

SpainSpain

SwedenHong Kong

USAJapan

BelgiumUSAPRCPRCUSA

Hong KongIndia

UKThailand

SingaporePoland

Hong KongSingapore

HOTELSWORLDWIDE

TOP40

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Oberoi Hotels & Resorts¹Banyan Tree Holdings Ltd.Centara Hotels & Resorts5

Dalata Hotel Group PlcMahindra Hotels & Resorts India Ltd.¹IFA Hotels & ResortsITC Hotels¹New Mauritius Hotels Ltd.5

Lux Island Resorts Ltd.²Red Lion Hotels Corporation

IndiaSingapore

ThailandIreland

IndiaUAE

IndiaMauritiusMauritius

USA

NOTESthe typical fiscal year is the calendar year for 2015 (January 1st-December 31st) All local currencies have been converted into US dollars based on the 12-month average of the fiscal year they belong ¹the fiscal year starts on April 1, 2015 and ends on March 31, 2016 ²the fiscal year starts on July 1 2015 and ends on June 30, 2016

5Includes revenue from hotel operations only

6Includes revenue from hotel & restaurant operations only

HOTELSWORLDWIDE

TOP40

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TRAVEL AGENCIESWORLDWIDE

TOP20

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Priceline GroupExpedia Inc.H.I.S Group³Rewe Group/ Rewe ReisenAl Tayyar Travel GroupFlight Center Travel Group²China CYTS Tours Holdings Ctrip.com Intl. Ltd.Rakuten Inc./Rakuten TravelTripAdvisorQunar.comChina Travel Intl. Tourismedream Odigeo¹HRG- Hogg Robinson Group¹Miramar GroupMakeMyTrip Ltd.¹Lastminute.com GroupHelloworldlimited.com.au²Corporote Travel Management²Success Universe Group

USAUSA

JapanGermanyS.ArabiaAustralia

PRCPRC

JapanUSAPRC

Hong KongLuxembourg

UKHong Kong

IndiaSwitzerland

AustraliaAustralia

Hong Kong

NOTESthe typical fiscal year is the calendar year for 2015 (January 1st-December 31st) All local currencies have been converted into US dollars based on the 12-month average of the fiscal year they belong ¹the fiscal year starts on April 1, 2015 and ends on March 31, 2016 ²the fiscal year starts on July 1 2015 and ends on June 30, 2016 ³the fiscal year starts on November 1, 2014 and ends on October 31, 2015

TRAVEL AGENCIESWORLDWIDE

TOP20

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TOUR OPERATORSWORLDWIDE

TOP15

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TUI Group8

Thomas Cook Group Plc8

China Intl. Travel Service Corp.Kuoni GroupTransat A.T.³Dart GroupBeijing Utour International Travel Service Ltd. Tuniu Corporation HNA Caissa Travel Group Co. Ltd.Saga Group PLC9

Hanatour Service Inc.Cox & Kings¹CVC ViagensLindblad ExpeditionsBalmer Lawrie Travel &Vacations¹

GermanyUK

PRCSwitzerland

CanadaUK

PRCPRCPRC

UKS.Korea

IndiaBrazil

USAIndia

NOTESthe typical fiscal year is the calendar year for 2015 (January 1st-December 31st) All local currencies have been converted into US dollars based on the 12-month average of the fiscal year they belong ¹the fiscal year starts on April 1, 2015 and ends on March 31, 2016 ³the fiscal year starts on November 1, 2014 and ends on October 31, 2015 8the fiscal year starts on October 1, 2015 and ends on September 30, 2016

9the fiscal year starts on February 1, 2015 and ends on January 31, 2016

TOUR OPERATORSWORLDWIDE

TOP15

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2016INDUSTRY REPORT