Horizontal Advantages

Kevin LaBuz
5 min readJun 9, 2021

Economies of Scale

Booking.com is the largest aggregator of accommodations in the world. At the end of 2020, it offered reservations for nearly 2.4 million properties. This included over 430,000 hotels and 1.9 million vacation rentals, apartments, and alternative accommodations 1. In contrast, Marriott ended 2020 with roughly 5,600 hotels and 943,000 rooms 2. For every room that Marriott has, Booking has two-and-a-half properties. Advantage, Booking.com.

Booking’s global, diverse supply enables it to serve multiple travel needs. Whether you’re looking…

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Kevin LaBuz

Head of IR & Corporate Development at 1stDibs. Previously finance at Etsy, Indeed, and internet equity research at Deutsche Bank. Find me on Twitter @kjlabuz.