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The Online Travel Wars
Booking, Expedia, Airbnb, Google. The triopoly with the fourth player nobody has finished accounting for. Market share, AI strategy, and who wins the next decade of online travel.

Booking, Expedia, Airbnb, Google. The triopoly with the fourth player nobody has finished accounting for. Market share, AI strategy, and who wins the next decade of online travel.

Booking.com is the most-visited travel website in the world. $23.7B revenue, 400M+ monthly visits, 19.6% Q1 2026 margin. What its marketing operating system actually does — and how the AI rebuild is reshaping it.