Mondee Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mondee Holdings Inc (MOND) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mondee Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 233M vs 62,057M combined for its competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.1% annualized vs trailing 12 months), vs decelerating (-13.4%) for its tracked peer group.
- Growth: Mondee Holdings Inc generated 2.7% revenue growth year over year in Q2 2024, vs 7.1% for its competitors combined.
- Profitability: Its -43.7% net margin compares with 17.9% for the peer group.
- Peer revenue share: Mondee Holdings Inc accounted for 0.4% of combined revenue among its tracked peer group, down from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.51M compares with $1.11M for the peer group (0.5x).
- Structure: Mondee Holdings Inc operates in the following segments: Travel Marketplace, SaaS Platform, SaaS Platform.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MOND Sales vs. its Competitors, Q2 2024
Mondee Holdings Inc reported revenue growth of 2.74 % year on year in Q2 2024, below its competitors' combined revenue growth of 7.13 %.
With a net margin of -43.74 %, Mondee Holdings Inc reported lower profitability than its competitors (17.91 %).
Mondee Holdings Inc generated 0.43 % of the combined sales of its peer group, down from 0.45 % a year earlier.
API endpoints for this dataset
Mondee Holdings Inc vs. its Competitors, Q2 2024
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Mondee Holdings Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mondee Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mondee Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mondee Holdings Inc's competitor groups requires a Commercial License.
For context: the Personal Services industry grew revenue 7.7% year over year, combined, vs 2.7% for Mondee Holdings Inc. Mondee Holdings Inc's share of combined industry revenue moved from 0.16% to 0.15%, a loss of 0.01 percentage points.
Mondee Holdings Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mondee Holdings Inc | No | Yes | Yes | No |
| Competitors combined (6) | ||||
| High-Confidence Competitors (1) | - | - | - | |
| Similar Growth & Profitability (8) | 50.00 % (4 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MOND Stock Performance relative to its Competitors
MOND Stock Performance relative to High-Confidence Competitors
MOND Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Airbnb Inc | 282.9% | Outperformed |
| 2 | Expedia Group Inc | 282.9% | Outperformed |
| 3 | Trivago N v | 282.9% | Outperformed |
| 4 | Sabre Corporation | 282.9% | Outperformed |
| 5 | Booking Holdings Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mondee Holdings Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mondee Holdings Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Mondee Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Mondee Holdings Inc |
0.01 | 232.97 |
 Booking Holdings Inc |
122,978.08 | 28,126.00 |
 Airbnb Inc |
112,441.97 | 13,159.00 |
 Expedia Group Inc |
31,711.56 | 15,700.00 |
 Trivago N v |
1,308.78 | 620.40 |
 Tripadvisor Inc |
839.23 | 1,671.70 |
| SUBTOTAL | 269,980.48 | 62,289.58 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mondee Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mondee Holdings Inc's Competitors Named by the Company
Competitive relationships identified from Mondee Holdings Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| TripActions | Company report | 85% |
| Egencia | Company report | 85% |
| Navan | Company report | 85% |
| Booking Holdings Inc | Company report | 85% |
| Tripadvisor Inc | Company report | 85% |
| Expedia Group Inc | Company report | 85% |
| Sabre Corporation | Company report | 85% |
| Trivago N v | Company report | 85% |
| Airbnb Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Mondee Holdings Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Mondee Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Mondee Holdings Inc | Travel Marketplace 99.45 % |
| Booking Holdings Inc | Reportable 100.00 % |
| Airbnb Inc | Reportable 100.00 % |
| Expedia Group Inc | B2C 62.07 % |
| Trivago N v | Corporate and Unallocated 2.61 % |
| Tripadvisor Inc | Experiences 43.91 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Mondee Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mondee Holdings Inc | 0 | 506,461 | -170,139 |
| Booking Holdings Inc | 122,978 | 1,157,449 | 295,391 |
| Airbnb Inc | 112,442 | 1,604,756 | 328,171 |
| Expedia Group Inc | 31,712 | 981,250 | 127,438 |
| Trivago N v | 1,309 | 9,400,043 | 192,206 |
| Tripadvisor Inc | 839 | 645,444 | -139,421 |
| PEERS TOTAL | 269,980 | 1,112,006 | 219,983 |
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Mondee Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Mondee Holdings Inc | United States 50.19 % |
| Airbnb Inc | EMEA 47.20 % |
| Trivago N v | All other countries 37.18 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Mondee Holdings Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 34 companies in Mondee Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.Mondee Holdings Inc ranks #0 of 34 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,286, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Booking Holdings Inc | 125,887 | 54.39 % |
| 2 | Expedia Group Inc | 31,761 | 13.72 % |
| 3 | Xpo Inc | 22,188 | 9.59 % |
| 4 | Gatx Corporation | 6,655 | 2.88 % |
| 5 | H and r Block Inc | 1,234 | 5.2% |
| 6 | Gxo Logistics Inc | 1,234 | 5.2% |
| 7 | Makemytrip Ltd | 1,234 | 5.2% |
| 8 | Rxo Inc | 1,234 | 5.2% |
| 9 | Hafnia Limited | 1,234 | 5.2% |
| 10 | Unifirst Corporation | 1,234 | 5.2% |
| 0 | Mondee Holdings Inc | 0 | 0.00 % |
Market cap and industry share for the rest of Mondee Holdings Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Mondee Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Personal Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (88 companies). See the full Personal Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 33.49 % (avg) | -33.5 pp |
| Operating Margin | -12.23 % | industry median | -18.2 pp |
| EBITDA Margin | -7.09 % | 4.40 % (avg) | -11.5 pp |
| Capital Intensity (Capex / Revenue) | 6.46 % | 4.40 % (avg) | +2.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mondee Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Personal Services industry average (88 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Personal Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 27.7x | - |
| EV / EBITDA | - | 11.8x | - |
| P/B | -2.3x | 3.0x | -5.3x |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | -20.90 % | 2.84 % (avg) | -23.74 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mondee Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue Growth | - | - | 36.25 % |
| Operating Margin | - | -35.06 % | -9.18 % |
| Return on Invested Capital | -0.35 % | -31.09 % | -11.37 % |
| P/E | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mondee Holdings Inc's Strategic Group Map
Mondee Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Mondee Holdings Inc's trailing-12-month revenue growth of 25.3% and operating margin of -12.2% compares with an average of 19.2% growth and -1.8% margin across its 8 closest peers by combined growth, margin and ROIC -- Mondee Holdings Inc sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mondee Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,286 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 6.46 % vs industry average 4.40 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Mondee Holdings Inc's dedicated Suppliers and Customers pages, not here.
Mondee Holdings Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Mondee Holdings Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mondee Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 18.2 points below the industry median.
Opportunities
No rule matched.
Threats
- Industry dominated by Booking Holdings Inc , holding 54.39 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-13.4% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Mondee Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mondee Holdings Inc | 0.21 | 1.02 | - |
| Booking Holdings Inc | 0.86 | 1.14 | - |
| Airbnb Inc | 0.45 | 1.41 | 0.28 |
| Expedia Group Inc | 0.42 | 0.75 | 2.36 |
| Trivago N v | 1.36 | 2.22 | - |
| Tripadvisor Inc | 0.97 | 1.43 | 1.74 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mondee Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mondee Holdings Inc | Q2 2024 | +2.7 % | - |
| Booking Holdings Inc | Q3 2026 | -1.3 % | -1.1 % |
| Airbnb Inc | Q2 2026 | +16.5 % | +27.1 % |
| Expedia Group Inc | Q2 2026 | +14.0 % | +171.7 % |
| Trivago N v | Q4 2025 | +24.4 % | - |
| Tripadvisor Inc | Q3 2026 | -21.1 % | - |
| PEERS TOTAL | +5.4 % | +16.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mondee Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mondee Holdings Inc | Q2 2024 | - | +15.9 % |
| Booking Holdings Inc | Q3 2026 | - | +6.3 % |
| Airbnb Inc | Q2 2026 | +16.4 % | - |
| Expedia Group Inc | Q2 2026 | +6.9 % | -0.5 % |
| Trivago N v | Q4 2025 | +40.0 % | +68.4 % |
| Tripadvisor Inc | Q3 2026 | +3.0 % | -33.1 % |
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Mondee Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mondee Holdings Inc | - | - | - |
| Booking Holdings Inc | 24.98% | 62.19% | - |
| Airbnb Inc | 10.67% | 16.97% | 33.38% |
| Expedia Group Inc | 7.76% | 23.83% | 86.33% |
| Trivago N v | 3.02% | 4.37% | 5.07% |
| Tripadvisor Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mondee Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mondee Holdings Inc | - | 0.00 |
| Booking Holdings Inc | 17.66 | 4.37 |
| Airbnb Inc | 42.90 | 8.54 |
| Expedia Group Inc | 16.23 | 2.02 |
| Trivago N v | 108.93 | 2.11 |
| Tripadvisor Inc | - | 0.50 |
| PEERS AVERAGE | 22.13 | 4.33 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.