Global Business Travel (GBTG) Asset Utilization Ratio (2021 - 2026)

Global Business Travel's (GBTG) quarterly Asset Utilization Ratio came in at 0.59 in Q1 2026, down 10.55% year-on-year from 0.66 in Q1 2025, and up 4.61% quarter-over-quarter from 0.56 in Q4 2025.

Global Business Travel (GBTG) Asset Utilization Ratio (2021 - 2026) Analysis & Trends

Global Business Travel's Asset Utilization Ratio history runs 6 years deep, the most recent figure standing at 0.59 for Q1 2026.

  • On a quarterly basis, Asset Utilization Ratio fell 10.55% year-over-year to 0.59 in Q1 2026; TTM through Mar 2026 was 0.59, a 10.55% decrease from a year earlier, with the FY2025 full-year figure at 0.64, down 3.13% from the prior year.
  • Asset Utilization Ratio grew to 0.59 in Q1 2026 per GBTG's latest filing, from 0.56 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.66 in Q1 2025 and bottomed at 0.43 in Q3 2022.
  • The 5-year median for Asset Utilization Ratio is 0.58 (2025), against an average of 0.57.
  • Biggest YoY gain for Asset Utilization Ratio was 79.55% in 2022; the steepest drop was 69.44% in 2022.
  • Year by year, Asset Utilization Ratio stood at 0.5 in 2022, then advanced by 20.43% to 0.6 in 2023, then grew by 9.47% to 0.66 in 2024, then retreated by 14.49% to 0.56 in 2025, then advanced by 4.61% to 0.59 in 2026.
  • Per Business Quant, the three latest GBTG Asset Utilization Ratio figures stand at 0.59 (Q1 2026), 0.56 (Q4 2025), and 0.58 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 0.97
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 0.44
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 0.52
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 0.72
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 0.55
6 Carnival 34.61 Bn 32.38 Bn - 0.53
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 0.60
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 0.43
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 0.58
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 0.59

Historic Data

Download Data
DateValue
Mar 31, 2026 0.59
Dec 31, 2025 0.56
Sep 30, 2025 0.58
Jun 30, 2025 0.64
Mar 31, 2025 0.66
Dec 31, 2024 0.66
Sep 30, 2024 0.63
Jun 30, 2024 0.62
Mar 31, 2024 0.61
Dec 31, 2023 0.60
Sep 30, 2023 0.58
Jun 30, 2023 0.55
Mar 31, 2023 0.54
Dec 31, 2022 0.50
Sep 30, 2022 0.43
Jun 30, 2022 0.57
Mar 31, 2022 0.43
Dec 31, 2021 0.28
Sep 30, 2021 1.40
Jun 30, 2021 1.16