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| Date | Value |
|---|---|
| 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 |