The pie chart illustrates the market share of international companies operating in online travel services as of December 2022.
Overall
, Linking Words
while
the presented circle graph does not totally indicate a monopolistic structure, it is abundantly clear that the number of major players in the business area is very limited and the field is geographically confined, with at least 84% of the companies being from the United States of America.
It is not surprising that the biggest corporation in the sector of online travel is Booking.com, which holds 45% of the market share Linking Words
according to
the pie chart. Linking Words
Furthermore
, it is absolutely transparent that the second biggest organization in the industry is Airbnb, occupying 31% of the market, and altogether these two giants accumulate a stunning 76% of the online travel industry. The only foreign company depicted on the pie chart and the third largest one is Trip.com from China with 12% of the industry share.Linking Words
smackerprince