Industry landscapes
The companies, capital and talent shaping travel and hospitality in the United States. Find the leaders. Understand the segments. See where the activity is.
An industry ecosystem,
measured in context.
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.
Explore classified startups in Radar ↗A few useful ratios bring the size of this ecosystem into perspective.
1,955 of 21,113 tracked companies have open roles.
872 of 21,113 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 864 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 33.9% of disclosed capital, while 95.9% of tracked companies have no recorded funding round.
Explore the segments →Recorded company formation and disclosed funding across the complete annual series shown.
Sum of recorded funding rounds · USD
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $2.35B | 506 | 24 |
| 2017 | $1.3B | 507 | 27 |
| 2018 | $8.78B | 574 | 39 |
| 2019 | $19.16B | 611 | 56 |
| 2020 | $8.29B | 617 | 30 |
| 2021 | $5.26B | 537 | 45 |
| 2022 | $5.07B | 446 | 79 |
| 2023 | $2.05B | 426 | 53 |
| 2024 | $3.16B | 76 | 47 |
| 2025 | $3.25B | 17 | 169 |
Share of all disclosed company funding.
970 recorded rounds since 2016
Recorded participation in travel and hospitality company rounds since 2016.
Backed by .
Backed by .
Backed by Sun European Partners.
Backed by .
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Backed by Knighthead Capital Management and BlackRock.
Participating investors were not recorded in this snapshot.
Backed by Hanwha and Hanwha Aerospace.
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Backed by THE SHILLLA.
Backed by Vijay Mallya.
Backed by Whitman Peterson.
Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.
Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.
FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 29 reporting entities from 45 eligible matches.
Sum of reporting-entity revenue; not the United States market sales.
Combined result for the same cohort.
Combined net income ÷ combined revenue.
The middle covered reporting entity.
18 of 29 covered entities.
Share of covered revenue from the five largest entities.
Reported cohort totals by year; coverage is stated for every period.
Bar height shows revenue. Changes in coverage can affect totals.
FY2025 · 29 reporting entities
Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.
| Company / reporting entity | Revenue | Net profit / loss | Net margin | Revenue growth | Total assets |
|---|---|---|---|---|---|
| Delta ↗27904 | $63,364.0m | $5,005.0m | +7.9% | — | — |
| United Airlines ↗100517 | $59,070.0m | $3,353.0m | +5.7% | — | — |
| Marriott International ↗1048286 | $26,186.0m | $2,601.0m | +9.9% | — | — |
| Royal Caribbean Group ↗884887 | $17,935.0m | $4,268.0m | +23.8% | — | — |
| MGM Resorts International ↗789570 | $17,537.7m | $205.9m | +1.2% | — | — |
| Las Vegas Sands ↗1300514 | $13,017.0m | $1,627.0m | +12.5% | — | — |
| JetBlue ↗1158463 | $9,062.0m | $-602.0m | -6.6% | — | — |
| Hertz ↗1657853 | $244.0m | $-747.0m | -306.1% | — | — |
Explore full company accounts and filings.
Choose “View accounts” to inspect an available company preview.
Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.
| Industry | Covered / eligible | Revenue total | Median revenue | Net profit / loss | Aggregate margin | Profitable share | Overlap |
|---|
Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.
Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.
The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.
Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.
How the the United States companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.
216 of the 21,117 companies on this page carry a measured traffic record (1%); these are the largest of those, by monthly visits. The median among them is 274,171 visits.
| Company | Monthly visits | Authority | Mobile |
|---|---|---|---|
| FedExfedex.com | 205,225,134 | 89 | 76.4% |
| Marriott Internationalmarriott.com | 48,066,212 | 97 | 51.6% |
| Deltadelta.com | 39,788,412 | 84 | 56.7% |
| Southwest Airlinessouthwest.com | 34,607,617 | 82 | 65.1% |
| United Airlinesunited.com | 34,196,719 | 82 | 57.7% |
| Crowne Plaza Paris Republiqueihg.com | 20,545,434 | 87 | 59.6% |
| Amtrakamtrak.com | 17,742,414 | 74 | 71.2% |
| Six Flagssixflags.com | 16,076,911 | 80 | 85.5% |
| Alaska Airlinesalaskaair.com | 13,612,708 | 73 | 59.4% |
| Frontier Airlinesflyfrontier.com | 12,652,077 | 75 | 67.2% |
Visits and authority are third-party web estimates, not company-reported figures.
641 of these companies (3%) publish at least one Android app — 802 apps in all, carrying 249.1M installs between them.
| App | Installs | Rating | Store category |
|---|---|---|---|
| Marriott Bonvoy: Book HotelsMarriott International | 30.7M | 4.9 | Travel & Local |
| United AirlinesUnited Airlines | 29.3M | 4.7 | Travel & Local |
| Fly DeltaDelta | 26.8M | 4.7 | Travel & Local |
| Southwest Airlines: Travel AppSouthwest Airlines | 23.2M | 4.4 | Travel & Local |
| FedEx MobileFedEx | 17.5M | 3.8 | Business |
| IHG One Rewards: Book HotelsCrowne Plaza Paris Republique | 12M | 4.9 | Travel & Local |
| AmtrakAmtrak | 9.4M | 4.3 | Travel & Local |
| Frontier AirlinesFrontier Airlines | 8.4M | 4.8 | Travel & Local |
| JetBlue - Book & manage tripsJetBlue | 7.8M | 4.5 | Travel & Local |
| Alaska HawaiianAlaska Airlines | 7.2M | 4.2 | Travel & Local |
Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.
The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).
| Segment | Apps | Installs | Leading app | Release trend |
|---|---|---|---|---|
| Passenger Airlines | 19 | 121.9M | United Airlines 29.3M | |
| Hotels | 170 | 60.6M | Marriott Bonvoy: Book Hotels 30.7M | |
| Cep | 2 | 17.5M | FedEx Mobile 17.5M | |
| Passenger Rail Operators | 18 | 15.8M | Amtrak 9.4M | |
| Theme & Amusement Parks | 39 | 12.5M | Six Flags 5.5M | |
| Car Rentals | 113 | 10.2M | Avis Car Rental 2.9M | |
| Bus Operators | 86 | 7.4M | NJ TRANSIT Mobile App 2.9M | |
| Chartered Flight Brokers | 6 | 7M | Allegiant 7M |
A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.
New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.
Darker bars are new releases, lighter bars apps updated. 785 of 802 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.
Explore the segments behind the headline numbers.
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
The largest measured segment in this report snapshot.
28 companies hiring · $103.47M disclosed funding
Explore in RadarCommon revenue models; a company can use more than one.
Recorded corporate activity linked to companies in this landscape.
In 2022, Spirit entered a $7.6 billion merger agreement under which JetBlue would acquire it, effectively establishing the fifth-largest carrier in the country.
The estimated cost of acquiring the airline is around $1.7 billion.
Sun Country Airlines and Allegiant Airlines have decided to merge, believing that additional value for shareholders can be unlocked by bringing these two airlines together.
Sovereign Capital Partners is set to exit Affinia through a sale to RedBird Capital Partners
Caesars Entertainment has extended exclusive talks with billionaire investor Tilman Fertitta about a possible $18 billion purchase.
Target Hospitality Corp. (Nasdaq: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today announced the pricing of its previously announced underwritten, secondary offering (the "Offering") of 7,000,000 shares (the "Shares") of its common stock, par value $0.0001 per share (the "Common Stock"), held by Arrow Holdings S.à r.l. and MFA Global S.à r.l. (collectively, the "Selling Stockholders"), entities controlled by TDR Capital LLP, acting in its capacity as investment fund manager, at a price to the public of $14.00 per share, for total gross proceeds to the Selling Stockholders of approximately $98,000,000, before deducting underwriting discounts and commissions.
American Airlines said it’s not engaged with or interested in any discussions regarding a merger with rival United Airlines, dampening the prospect of a tie-up that could reshape the industry.
Sun European investing in aerospace logistics specialist B&H Worldwide as part of a broader buy-and-build strategy.
Caruso has raised $9.3 million in a Series A raise at an $80 million valuation.
There was also the 2024 purchase of Hawaiian Airlines by Alaska, which did get approval from the DOT.
Top 10 categories among 6,039 recorded events in the 24-month window.
9 companies with recorded IPO activity
IPO2 reports
IPO activity1 reports
IPO · NYSE American1 reports
IPO · NYSE14 reports
Direct Listing · NYSE American1 reports
IPO · Nasdaq1 reports
Follow-on Offering · Nasdaq Global Select Market2 reports
Follow-on Offering · NYSE2 reports
163 tracked people moves
Appointment Business Development Director
Appointment Chief Experience Officer
Promotion Vice President of Restaurant & Beverage Operations
Appointment Vice President of Sales
Promotion New leadership role within the marketing department at Delta Air Lines
Appointment Vice President of Revenue
Promotion executive chairman
Appointment chief executive officer
Products, platforms and features in the recorded window
Feature
In-vehicle checkout workflow
Delivery
Same-day delivery service
Website
Feature
Product
Digital Concierge
179 recorded customer wins
Customer: jetblueAviation
Customer: aerfinAerospace
Customer: LATAM Airlines BrasilAviation
Customer: amazonCargo operation
Customer: china southern airlinesAviation
Customer: amazonLogistics / Delivery
21 companies with reported reductions
17,000 rolescost reduction
Scale not stated rolescost reduction
Scale not stated rolescost-cutting
865 rolesclient contract termination
107 rolesnetwork reshuffle
Scale not stated roles
90 recorded events
merger blockedDOJ
declared effectiveU.S. Securities and Exchange Commission
Louisiana Public Service Commission
36 tracked suits
merger enforcementAntitrust · Settled
Shareholder proposal regulationRegulatory ·
Reported company results in the recorded window.
Median across 970 reported growth observations; companies may contribute multiple periods.
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| Spirit Airlines→Frontier Airlines ↗ | Announced | 2026-06-30 | Not stated in snapshot |
| M2I Global→Volato ↗ | Announced | 2026-05-07 | Not stated in snapshot |
| JetBlue→spirit | Terminated | 2026-05-04 | $7.6B |
| Let’s Buy Spirit→Spirit Airlines ↗ | Rumored | 2026-05-02 | $1.7B |
| United Airlines→American Airlines ↗ | Announced | 2026-04-27 | Not stated in snapshot |
| Sun Country Airlines→Allegiant Travel Company ↗ | Announced | 2026-04-27 | Not stated in snapshot |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
56,614 postings in the preceding 12 months. The full 92,169-posting snapshot covers 1,578 employers.
530 tracked postings mention remote work.
21,827 postings specify a level.
Top skills across 92,169 tracked postings in the available jobs snapshot.
Median across 10,723 postings with pay data, expressed in USD.
Advertised posting medians do not describe all employees or roles.
| Company | Employees |
|---|---|
| FedEx ↗ | 430,000 |
| The Walt Disney Company ↗ | 225,000 |
| Hyatt ↗ | 206,000 |
| American Airlines ↗ | 132,100 |
| United Airlines ↗ | 103,300 |
| Delta ↗ | 103,000 |
| Continental Airlines ↗ | 99,800 |
| Royal Caribbean Group ↗ | 98,200 |
1,484 founders and chief executives across 1,440 companies.
Tel Aviv University
Ex-Penn National Gaming, Magnetar Capital, JPMorgan, Lehman Brothers. Cornell University 1998
Global Jet Capital, ex-Ge Capital, ex-Ge Capital Fleet Services, Indian Institute of Management, Calcutta, 1992
Director Palo Real Estate & WM Cayman Holdings
ex- CEO Prestige Cruise Holdings. University of Florida
Texas Christian University - M.J. Neeley School of Business BBA, Texas Christian University MBA
Ex-Owner Aviation Management, JT Power. University of Denver, The London School of Economics and Political Science
Title 31 Testing, ex-CEO FireKeepers Casino Hotel, FireKeepers Casino & Hotel, North Star Mohican Casino. UWSP BS 2003, UW-Eau Claire MBA 2007
Ex-Bright Horizons, Medica Health Management
Ex-Vx Capital Partners, AerCap, Allco Finance Group, Bank of America Leasing & Capital. UC San Diego BA 1991…
Ex- UCF Rosen School of Hospitality Management, Maryland Hotel Motel Association, InMoment, Visitors Bureau. Cornell University BS…
GDS Services, ex-CEO CyrusOne, Cincinnati Bell, Laureate Education, Agere System, Delphi. Rutgers University BA, CBS MBA
67 profiles with education records.
10 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
3,952,361 articles in the measured 12-month window.
Travel and Hospitality coverage across United States · articles per complete quarter
| Quarter | Articles |
|---|---|
| 2021Q2 | 753,729 |
| 2021Q3 | 816,130 |
| 2021Q4 | 759,030 |
| 2022Q1 | 815,434 |
| 2022Q2 | 807,850 |
| 2022Q3 | 813,839 |
| 2022Q4 | 901,409 |
| 2023Q1 | 934,604 |
| 2023Q2 | 924,370 |
| 2023Q3 | 854,402 |
| 2023Q4 | 830,460 |
| 2024Q1 | 905,812 |
| 2024Q2 | 862,388 |
| 2024Q3 | 898,897 |
| 2024Q4 | 945,799 |
| 2025Q1 | 1,326,807 |
| 2025Q2 | 915,034 |
| 2025Q3 | 1,811,305 |
| 2025Q4 | 602,484 |
| 2026Q1 | 716,026 |
Article volume measures coverage, not market sales.
10,514 recorded company events across 336 companies; percentages use that event total.
Travel and Hospitality coverage across United States · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Travel and Hospitality coverage across United States
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| stock performance | 16,857 | 11,799 | 43% |
| national security strategy | 8,209 | 3,824 | 115% |
| foreign policy analysis | 7,716 | 5,380 | 43% |
| investment deal | 7,539 | 1,607 | 369% |
| multilateral diplomacy | 7,479 | 4,821 | 55% |
| vaccine candidates | 7,328 | 1,833 | 300% |
| stock price | 6,598 | 3,104 | 113% |
| vaccination campaigns | 6,428 | 1,284 | 401% |
| vaccine trials | 6,359 | 1,712 | 271% |
| diplomatic engagements | 5,910 | 3,952 | 50% |
| college playoffs | 9,796 | 26,114 | -62% |
| ncaa updates | 6,619 | 19,451 | -66% |
| campus sports | 4,752 | 14,671 | -68% |
| college football finals | 5,540 | 13,993 | -60% |
| historic nba games | 1,314 | 13,593 | -90% |
Travel and Hospitality coverage across United States
territories, disputed islands, vaccine mandate compliance
40.9% critical · 24.6% positiveinvestment deal, public health funding, inflation reports fx
39.3% critical · 39.2% positivenba expansion teams, nba team legends, historic nba games
34.9% critical · 42.1% positiveTravel and Hospitality coverage across United States. Topic labels describe recorded classifications and can include broad context.
Company counts, hiring and disclosed funding across the recorded hubs.
29.3% across the displayed hubs
29 companies hiring · $395.4M disclosed funding
Explore companies in New York City ↗
13.1% across the displayed hubs
28 companies hiring · $2.7B disclosed funding
Explore companies in Miami ↗
11.7% across the displayed hubs
25 companies hiring · $545.0M disclosed funding
Explore companies in Chicago ↗10.9% across the displayed hubs
25 companies hiring · $1.0B disclosed funding
Explore companies in San Francisco ↗10.5% across the displayed hubs
14 companies hiring · $8.1B disclosed funding
Explore companies in Los Angeles ↗
8.5% across the displayed hubs
20 companies hiring · $16.7M disclosed funding
Explore companies in Atlanta ↗
8.2% across the displayed hubs
22 companies hiring · $615.0M disclosed funding
Explore companies in Orlando ↗7.7% across the displayed hubs
31 companies hiring · $15.7B disclosed funding
Explore companies in Las Vegas ↗Clear definitions for making better comparisons.
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
No. A company can belong to several segments, so segment counts and funding can overlap.
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 5 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗