Online travel agencies invest billions and redefine competition

05-03-2026

In 2025, major online travel agencies (OTAs) significantly increased their efforts to capture travelers’ attention and visibility, reaching historically high levels. According to the latest data, the leading global platforms, including Airbnb, Booking Holdings, Expedia Group, and Trip.com Group, collectively spent over $20 billion USD on sales and marketing throughout the year. This figure represents continued growth compared to $16.8 billion in 2023 and $17.8 billion in 2024, highlighting that competitive pressure in the digital marketplace has not eased but intensified as the industry constantly vies for travelers’ attention.

This massive spending underscores the fierce battle for traffic and conversions in an environment where users have numerous options to plan and book their trips. Booking Holdings and Expedia Group accounted for more than three-quarters of total marketing expenditure, with individual investments reaching billions of dollars. For Booking, approximately 30% of total revenue was allocated to these promotional activities, while Expedia spent nearly 50%, demonstrating the strategic importance both companies place on their digital presence and paid media channels.