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Who will tomorrow’s tourism giants be? Part.2

9 min reading time

Published on 05/08/19 - Updated on 23/10/24

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Google, Amazon, Facebook, Apple... but also Baidu, AliBaba, Tencent and Xiaomi … these giants have an unrivalled strike force. Exclusive mastery over technology, big data, notoriety, brand image, investment capacity… no industrial can rival with the multibillionaire unicorns. Although Marriott, the leader, has the best market capitalization among hoteliers with more than 45 billion US Dollars, it is far behind Amazon which surpasses 942 billion US Dollars. Even the all-powerful Booking (close to 81 billion USD) acts as a Tom Thumb with respect to newcomers.

Chinese giants are also taking on tourism With a domestic market of more than 1.3 billion inhabitants and a millenary cultural offer, China is well positioned to conquer market shares. The latest example to date, is Mafengwo, founded in 2010 by Gang Chen and Gang Lv; the company raised $250 million...

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