Interesting to note that effective take rates are similar across the 3 (though not surprising as bulk of Booking and Expedia is still accommodations revenue)

Trip dot com gets notable mention, $3B in revenue but gross bookings likely in the range of $60-$75B (Its take rate is much lower than other 3, in the range of 4-5%)

Booking’s acquisition by Priceline in 2005 is probably one of the best tech acquisition ever (right up there with the likes of YouTube, and Instagram).