Travel Company

How Much Money Do Travel Companies Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, travel companies can make between $10,000-$1,500,000 per month.
The average revenue for a successful travel company is $259K per month.
The highest grossing travel company in our records makes over $18,000,000 per year.
Travel company owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a travel company?

And now you're wondering how much travel company owners actually make...

Well, let’s dive in!

Here are example of real travel companies and how much money they make - as reported by the founders themselves:

1. Flight Expert Bangladesh ($18M/year)

Salman Rashid, Founder & CEO of Flight Expert, came up with the idea for his business after realizing the potential of online travel agencies in Bangladesh. Seeing the decline in revenue in his family's offline-based travel agency, Salman suggested starting an OTA to his father. Despite initial skepticism, Salman recognized the need for better technology, service culture, and the value of brand trust in the industry, leading to the launch of Flight Expert in 2017.

How much money it makes: $18M/year

2. Pack Up + Go ($6.6M/year)

Lillian Rafson came up with the idea for Pack Up + Go during her travels in Riga, Latvia, where she met two women on a surprise vacation with a European travel agency. Realizing there was no similar service in the United States, Lillian decided to become a surprise travel agent herself. With a $50 investment in the domain, Pack Up + Go was born and has since sent over 25,000 travelers to 100+ destinations across the US.

How much money it makes: $6.6M/year

3. Rayna Tours ($6M/year)

Manoj Tulsani and Kamlesh Ramchandani, founders of Rayna Tours and Travels, started their business a decade ago with no experience in the travel industry. Despite the challenges, they grew their venture into one of the UAE's leading destination management companies, earning over $40 million per year. Their success is attributed to their focus on exceptional customer experience, strategic investments in their own infrastructure, and the use of advanced technology to provide convenient travel services.

How much money it makes: $6M/year

4. Baboo Travel ($3.6M/year)

Paul Sarfati, the Founder and CEO of Baboo Travel, came up with the idea for his business after experiencing the decline of his previous travel company, Bamba Travel, due to the pandemic. Wanting to create a platform that offers customized trips and connects travelers directly with local experts, Sarfati drew inspiration from companies like Evaneos. With his extensive knowledge of the travel industry and a focus on creating a better business model, Sarfati aims to revolutionize the travel industry and provide customers with personalized experiences at better prices.

How much money it makes: $3.6M/year

5. Under30Experiences ($3.6M/year)

Matt Wilson, co-founder of Under30Experiences, came up with the travel company idea after going on a life-changing trip to Iceland. He saw the opportunity to bring his community of young entrepreneurs on similar retreats, and after organizing a successful trip to Iceland, the idea caught on and the business took off.

How much money it makes: $3.6M/year

6. Hotels Etc. INC ($3M/year)

Shawn Pigg, CEO of Hotels Etc, came up with the idea for his business when he saw an infomercial for the company. Recognizing the potential in offering true discounts to travelers, he purchased the company and invested his life savings to bring it to life. Since then, he has negotiated over 3,000,000 discounts worldwide, resulting in Hotels Etc becoming a multimillion-dollar company and one of the oldest membership programs on the internet.

How much money it makes: $3M/year

7. CuddlyNest ($2.8M/year)

Ritesh Raj, the co-founder and COO of CuddlyNest, came up with the idea for the accommodation booking platform after years of traveling to over 100 countries and realizing the pain points of finding diverse types of accommodations. Alongside his co-founder, they decided to create a centralized platform that offers all kinds of properties for all types of travelers. Since its launch, CuddlyNest has raised over $14 million in funding and has plans for continued growth and expansion.

How much money it makes: $2.8M/year

8. Golf Trip Junkie ($1.98M/year)

Sean Petersen, the founder of Golf Trip Junkie, came up with the idea for his business while playing a game of golf. As a passionate golfer and traveler, he wanted to combine his two passions into a successful business. From the first successful vacation he planned, Sean realized that helping people enjoy life and de-stress through golf was his true motivation, and that fueled his drive to create a thriving business.

How much money it makes: $1.98M/year

9. Solo Female Travelers ($1.8M/year)

Mar Pages, along with her business partner Meg, grew Solo Female Travelers from a small Facebook group in 2015 into a million-euro travel platform by 2023. Despite launching their tours amidst the pandemic, their emphasis on women-led, women-focused travel resonated deeply, propelling them to 300 guests across 14 destinations with unwavering organic growth.

How much money it makes: $1.8M/year

10. TourScanner ($720K/year)

Simone Semprini, CEO and Co-Founder of TourScanner, came up with the idea for the business while traveling in Brazil and struggling to find activities and tours online. Seeing the opportunity in the growing market for online tours and activities, he developed the concept, connected with co-founders Guillaume Picard and Joseph Dimucci, and launched TourScanner as the first meta-search engine for tours and activities. Despite the challenges of the COVID-19 pandemic, TourScanner has recovered and is now performing better than ever, with a monthly net revenue of $60k and plans to reach $1M ARR in 2022.

How much money it makes: $720K/year