Global Business Travel (GBTG) Asset Utilization Ratio (2021 - 2026)
Global Business Travel's (GBTG) Asset Utilization Ratio was 0.63 for Q2 2026, down 1.9% from 0.64 a year earlier but up 6.4% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Global Business Travel was 0.64, down 3.1% from FY2024.
- By year, Asset Utilization Ratio came in at 0.66 in FY2024 (+7.3%), 0.61 in FY2023 (+24.0%), 0.49 in FY2022 (+48.5%) and 0.33 in FY2021 (-82.8%).
- Five-year quarterly Asset Utilization Ratio spans a low of 0.28 in Q4 2021 and a high of 1.40 in Q3 2021.
- Year over year, Asset Utilization Ratio has now declined in each of the last four quarters, with an average decline of 0.7% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q4 2022 (growth of 79.5%); the low point was Q3 2022 (a decline of 69.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.59 (Q1 2026), 0.56 (Q4 2025) and 0.58 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 0.96 |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 0.75 |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 0.43 |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 0.52 |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 0.53 |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | 0.25 |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 0.51 |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 0.41 |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 0.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| 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 |
API Access
Global Business Travel Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();