This report provides an insight into key trends, challenges, and recommendations, as well as providing case studies to help the reader see examples of AI in action.
Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The "Thematic Intelligence: Artificial Intelligence in Travel & Tourism (2024)" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth look at the artificial intelligence theme in the travel and tourism sector, covering industry challenges, how AI impacts the challenge, AI investment matrix, case studies, value chain, market forecast, industry signals and more.
Artificial intelligence (AI) refers to software-based systems that use data inputs to make decisions on their own. The analyst estimates that the total AI market will be worth $1 trillion in 2030, up from $103 billion in 2023 at a compound annual growth rate of 39%. Recent progress in machine learning (ML) on the back of improved algorithms and increasing computing power has enabled AI to solve real-life problems. Generative AI is revolutionizing business automation and transforming industries.
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 becomes easier as it offers automated and customized services.
While digital transformation is crucial for most markets, the luxury travel sector continues to prioritize human interaction for a more personalized touch. Budget providers benefit from automated processes for efficiency, while premium providers focus on interpersonal relationships for flexibility and exclusivity.
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Competitive Landscape
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