Travel Weekly has revealed its annual Power List, highlighting the world's biggest sellers of travel.

When sending out its survey this past March, Travel Weekly raised the global annual sales baseline from $110 million to $125 million, with as many as 70 companies exceeding that threshold.

Moreover, over two dozen companies reported achieving more than $1 billion in sales.

2025's listed companies accounted for more than $450 billion in sales. About half of the 70 companies reported growth rates of 3 percent to 15 percent from 2023 to 2024.

Here's a closer look at this year's most powerful agencies, with rankings based on each company's 2024 sales.

10 Most Powerful Travel Agencies in 2025

1. Booking Holdings

Booking Holdings, known for popular consumer-facing brands such as Booking.com, Priceline, Agoda, Kayak and OpenTable, maintains its stranglehold on the top spot, reporting $166 billion in sales last year. That figure is up from $150.63 billion in 2023 and $121 billion in 2022.

Kayak is one of Booking's many popular brands. (Photo Credit: KAYAK)

2. Expedia Group

Expedia Group saw total sales jump from $104.08 billion to $110.92 billion. Nonetheless, the OTA featuring brands such as Expedia, Hotels.com, Travelocity, Vrbo, Trivago and Hotwire, among others, still has ways to go to catch rival Booking.

3. American Express Global Business Travel

American Express Global Business Travel reported total sales of $30.48 billion last year, maintaining the number three spot on Travel Weekly's Power List.

4. BCD Travel

Rounding out a top four that's identical to 2024's Power List is BCD Travel, a privately held B2B travel management company reaching more than 170 countries. Sales reached $22.9 billion last year, climbing significantly from $20.3 billion in 2023.

5. Flight Centre Travel Group Ltd.

Flight Centre storefront. (Photo Credit: Flight Centre)

Flight Centre Travel Group Ltd., which includes brands like Flight Centre, Corporate Traveler and FCM, jumped one spot to round out the top five for 2025. The company's $15.91 billion in sales were split almost evenly between leisure and business travel.

6. CWT

CWT, which is expected to be acquired by rival Amex Global Business Travel by the end of 2025, slid one spot from fifth to sixth in 2025. The company's sales dipped slightly last year, falling from $15.8 billion in 2023 to $15.2 billion in 2024.

7. Chase Travel Group

Chase Travel Group's total sales rose from $10 billion in 2023 to $11.3 billion last year. The company works with hundreds of independent contractors and comprises Chase Travel, Frosch by Chase Travel, VWT (formerly Valerie Wilson Travel) by Chase Travel and Chase Travel Corporate Solutions.

8. American Express Travel

American Express Travel secured approximately $10.55 billion in sales last year, holding steady at eighth on the Power List for 2025. The full-service and lifestyle services provider for American Express cardholders did not complete a survey, however, so Travel Weekly estimated its 2024 sales figure.

American Express Platinum card. (Photo Credit: American Express)

9. Navan

Navan climbed one spot on this year's Power List, ranking ninth with estimated sales of $6.1 billion (north of $6 billion, according to the company) in 2024. The GBTA, Institute of Travel Management, ABC Global Services and Virtuoso member company plans to continue to leverage AI, NDC, card-link technology and other tools moving forward.

10. Internova

The lone newcomer to the top 10 for 2025, Travel Leaders Network and Virtuoso member Internova, reported $6 billion in sales in 2024. That figure was up slightly from $5.7 billion the year prior.

2025 Travel Weekly Power List

1. Booking Holdings
2. Expedia Group
3. American Express Global Business Travel
4. BCD Travel
5. Flight Centre Travel Group Ltd.
6. CWT
7. Chase Travel Group
8. American Express Travel
9. Navan
10. Internova
11. Corporate Travel Management
12. Hopper
13. Direct Travel
14. AAA Travel
15. Fareportal
16. World Travel Holdings
17. Travelperk
18. ATPI
19. Arrivia
20. World Travel Inc.
21. ATG
22. Inteletravel
23. Trevolution Group
24. Cruise Planners
25. Omega World Travel
26. Vacations to Go
27. Outside Agents
28. Adtrav Travel Management
29. Travel Experts
30. Christopherson Andavo Travel
31. Gant Travel
32. Fox World Travel
33. Gray Dawes Travel
34. Travel Edge
35. Travel Planners International
36. Travelstore
37. Avoya Travel
38. JTB Americas Group
39. Global Crew Logistics
40. TAG
41. Montecito Village Travel
42. KHM Travel Group
43. Internet Travel Solutions
44. First In Service Travel
45. Options Travel
46. Global Marine Travel
47. Departure Lounge
48. Embark Beyond
49. Cadence
50. TL365
51. Worldvia Travel Group
52. Coastline Travel Group
53. Oasis Travel Network
54. Kintetsu International Express (USA)
55. Uniglobe Travel Partners
56. Brickell Travel
57. Travelmation
58. Key Travel
59. Brownell
60. Gifted Travel Network
61. Avenue Two Travel
62. Cruise Brothers
63. NUBA
64. M Plus Global Events
65. The Travel Society
66. Cain Travel
67. Executive Travel
68. Lufthansa City Center
69. Travelink
70. Covington Travel

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