Global Artificial Intelligence (AI) in Travel and Tourism Intelligence Report 2023: AI-Driven Technologies Disrupting Travel, Enhancing Efficiency and Personalization

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Aug 02, 2023, 22:00 ET

DUBLIN, Aug. 2, 2023 /PRNewswire/ -- The "Artificial Intelligence (AI) in Travel and Tourism - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.

This thematic research report delves into the profound impact of artificial intelligence (AI) on the travel and tourism industry. With a comprehensive industry analysis and real-life case studies, this report examines the players affected by this theme and highlights how companies are responding to its influence on their operations.

AI has emerged as a pivotal component in the travel and tourism sector, transforming various aspects of the travel journey, from inspiration to the overall experience. Over the years, the industry has witnessed significant changes driven by factors like globalization, changing consumer preferences, and technological advancements.

However, the recent COVID-19 pandemic and geopolitical shifts have brought additional challenges to the industry. Amidst these transformations, AI's role in the sector is expected to grow exponentially by 2030. As a consumer-focused sector, embracing AI can enhance operational efficiency and address critical challenges.

However, it is essential to strike a balance and preserve the human touch, particularly in the luxury segment, as AI continues to shape the future of travel and tourism.

Key Highlights

AI-driven technologies are disrupting the travel and tourism sector. AI can analyze huge amounts of data, generating valuable insights that enhance the customer experience and boost operational efficiency. With AI, making travel arrangements become easier as it offers automated and customized services. AI automates repetitive and time-consuming tasks, reducing waiting times and costs while freeing up employees to focus on more critical responsibilities and addressing chronic staff shortages.

AI provides effective resource management strategies and streamlines processes, increasing enterprise profitability. Its influence extends to marketing strategies, enabling personalized ad targeting and increasing marketing and sales content on social media platforms to enhance customer engagement.

Generative AI can analyze extensive customer data, such as travel history and preferences, to generate personalized recommendations for destinations, activities, and itineraries. Online travel agencies (OTAs) started investing in this technology to enhance customer service and offer unique and tailored travel experiences.

AI is a clear opportunity for the travel industry, but companies need to figure out how to use it in a targeted and strategic way rather than taking a scattergun approach. AI enhances the travel experience and complements it. However, it cannot replace the human touch, especially in situations where empathy is crucial. Therefore, travel companies must blend digital innovation with a personalized communication strategy to optimize customer satisfaction.

Scope

This report provides an overview of the AI theme. The detailed value chain comprises of four segments: human AI interaction, decision-making AI, motion, and creation. Leading and challenging vendors are identified across both segments.
It identifies travel and tourism challenges, such as ESG, operational efficiency, and the COVID-19 hangover, and an impact assessment of AI on the travel and tourism industry, addressing these challenges.
Several case studies are included to analyze the multiple ways countries and companies have responded to the impact of this theme's growth and what they are doing to grow with this theme.

Reasons to Buy

This report will help you to understand AI and its potential impact on the travel and tourism sector.
Benchmark your company against your competitors and assess how travel and tourism companies are utilizing AI to drive revenues.
Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the travel and tourism industry.
Develop relevant and credible sales and marketing messages for travel and tourism companies by understanding key industry challenges and where AI use cases are most useful.
Develop and design your corporate strategies through an in-house expert analysis of artificial intelligence by understanding the primary ways in which this theme is impacting the travel and tourism industry.
Position yourself for future success by investing in the right AI technologies.

Key Topics Covered:

Players
Travel & Tourism Challenges
The Impact of AI on Travel & Tourism
Case Studies
AI Timeline
Market size and growth forecasts
Signals
AI Value Chain
Companies
Sector Scorecard
Glossary
Further Reading
Our Thematic Research Methodology
About the Publisher
Contact the Publisher

A selection of companies mentioned in this report includes

ABB
Aifnet (Deep Dream)
Aiva Technologies
Alibaba
Alpha MOS
Alphabet (Google Waymo)
Amadeus Code
Amazon
Apple
Aromyx
Artbreeder
Aryballe
Aurora
Baidu
Basler
Big Sleep
Boomy
Cognex
DeepAI
Ecrett Music
Generic Robotics
Festo
GM (Cruise)
Hugging Face (Bloom)
Hyundai (Boston Dynamics)
IBM
iFlytek
iRobot
Jasper Art
Kernel
Keyence
Lockheed Martin
Megvii (Face++)
Merative
Meta
Microsoft
Midea (KUKA)
Mobileye
Motional
NightCafe
Neuralink
Northop Grumman
Nvidia
Odometric
Omron
OpenAI (DALL-E 2
GPT-4
MuseNet)
Oracle
Output
Paradromics
Pony.ai
Robotiq
SAS
SenseTime
Shutterstock (Amper)
StarryAI
Synchron
Tangible Research
Tastewise
Tencent
Teradyne
Tesla
Thales Group
WOMBO (Dream).
Aiir Innovations
Aervio
BagsID
Cisco
Clarifai
Egencia
Hopper
Josh.ai
Pangiam
Persado
RapidMiner
Reltio
Saab
Sabre
SenseTime
SITA
Snowflake
SoundHound
SparkCognition
Winnow.
Accor
Airbnb
Booking Holdings
Comcast
Delta Air Lines
Didi Chuxing
Dubai Airports Company
easyJet
eDreams
Emirates
Expedia
Fraport
Hilton Worldwide Holdings
InterContinental Hotels Group
Los Angeles World Airports
Lyft
Melia
Qatar Airways
Royal Schiphol Group
Shanghai International Airport
Trip.com
Turkish Airlines
Uber
Walt Disney

For more information about this report visit https://www.researchandmarkets.com/r/hs08vp

Source: GlobalData

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