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In 2023, Tripadvisor core business segment's revenue worldwide increased by nearly seven percent compared to the previous year. In 2023, the company's core segment - including earnings from Tripadvisor-branded hotels, display and platform, experiences and dining - amounted to just over one billion U.S. dollars, rising from 966 million U.S. dollars in 2022. Overall, Tripadvisor, Inc.'s revenue worldwide totaled nearly 1.8 billion in 2023.

Industry competitors: Expedia Group, Inc

After reporting significant losses in the first two years of the coronavirus (COVID-19) pandemic, online travel companies have shown strong signs of recovery. In 2023, for instance, the value of Expedia Group, Inc.'s gross bookings worldwide were just 3.5 percent shy of pre-pandemic levels. Ultimately, Expedia Group, Inc.'s total revenue reached nearly 13 billion U.S. dollars in 2023, surpassing pre-pandemic figures.

COVID-19 impact on the online travel industry

Tripadvisor and Expedia were just two of many businesses within the online travel market to be significantly affected by the pandemic. In fact, the revenue of leading online travel agencies (OTAs) globally shows that all leading OTAs experienced significant losses due to COVID-19. Despite the challenges created by the health crisis, leading online travel companies had strong market capitalization figures in 2022. As of December 2022, Booking.com yielded the highest market cap, amounting to over 78 billion U.S. dollars.

Revenue of Tripadvisor, Inc. worldwide from 2017 to 2023, by business segment (in million U.S. dollars)

Characteristic	Tripadvisor core¹	Viator	TheFork	Intersegment eliminations²	Hotels, Media & Platform	Experiences & Dining	Other revenue sources
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2017 to 2023

Special properties

fiscal years ending December 31

Supplementary notes

¹ In the second quarter of 2022, Tripadvisor revised its business segments, adopting the following ones: Tripadvisor core, Viator, and TheFork.

Tripadvisor core refers to: Tripadvisor-branded hotels, Tripadvisor-branded display and platform, Tripadvisor experiences and dining, and Other (including alternative accommodation rentals, cruise, flights, and car rentals).

Data prior to 2021 were previously published by the source and referred to the previous segment reporting used by the company.

² The source specifies that the revenue generated by the Tripadvisor core segment includes gross intersegment (intercompany) revenue. Those figures are eliminated on a consolidated basis.

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