Press release
Key Trends Shaping the Future Artificial Intelligence (AI) In Hospitality Market From 2025-2034: Advancements In AI And ML Technologies In Hospitality Industry
Artificial Intelligence AI In Hospitality Market Size
The growing incorporation of digital technologies in the hospitality sector is projected to accelerate the expansion of the artificial intelligence (AI) in hospitality market in the future. The term digitalization within this sector encompasses the extensive blend and application of digital solutions and technology to upgrade and intensify numerous facets of hospitality services. With the escalating use of advanced technologies by businesses in this industry, there is amplified demand for AI solutions to further refine and streamline operations, boost efficiency, customize guest experiences, and improve decision-making with data-driven insights. For instance, in September 2022, Boston Consulting Group, Inc., a company based in the US that specializes in management consulting, reported that almost half of travel and tourism firms have effectively embraced digital transformations. This figure exceeds the average across other industries by 25%. Consequently, the escalating digitalization within the hospitality sector is anticipated to fuel the expansion of artificial intelligence (AI) in the hospitality market.
Get Your Artificial Intelligence (AI) In Hospitality Market Report Here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-hospitality-global-market-report
What is the future CAGR of the artificial intelligence (ai) in hospitality market, and how will it impact industry expansion?
In recent times, the dimension of the artificial intelligence (AI) market in the hospitality sector has demonstrated substantial growth. The market is anticipated to scale from $0.15 billion in 2024 to $0.24 billion in 2025, with a compound annual growth rate (CAGR) standing at 57.0%. The augmentation during the past period can be credited to the escalating demand for a superior customer experience, an increase in the utilisation of chatbots and virtual assistants, the capabilities of AI in the travel and hospitality sectors, and the use of advanced analytics and AI-driven robots to manage numerous on-site operations in the hospitality industry.
The market size of artificial intelligence (AI) used in the hospitality industry is predicted to experience substantial growth in the coming years, reaching a value of $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 57.8%. The expansion anticipated in the forecast period can be linked to the application of generative AI for creating dynamic content, the incorporation of IoT, blockchain, and cloud, the focus on enhancing guest experiences, and the surge in consumer demand. The upcoming period will also see a notable market improvement, adoption of cutting-edge technologies, emphasis on personalization and customer service, emergence of challenges and concerns, and efforts towards operations optimization.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14039&type=smp
What trends are poised to drive the future success of the artificial intelligence (ai) in hospitality market?
Leading corporations active in the Artificial Intelligence (AI) sector of the hospitality market are innovating progressive technologies, like AI and Machine Learning (ML) platforms, to enhance services for hotel and resort customers. These platforms utilize sophisticated algorithms to amplify operational efficiencies, boost customer experience, and fine-tune decision-making, by capitalizing on data-driven insights. An example of this is the launch of RevSeed 2.0 by India's Revnomix Hotel Data, a firm specializing in hotel revenue management, in March 2022. This enhanced version of RevSeed utilizes AI and ML to render real-time market and demand analysis, aid strategic pricing decisions for hotels and services, and supply revenue management strategies like volume, rate, market-linked, and other strategies.
Which key market segments comprise the artificial intelligence (ai) in hospitality market and drive its revenue growth?
The artificial intelligence (AI) in hospitality market covered in this report is segmented -
1) By Technology: Machine Learning, Natural Language Processing, Chatbots Or Travel Bots, Blockchain, Big Data, Other Technologies
2) By Hospitality Type: Food And Beverage, Lodging Or Accommodation, Other Hospitality Type
3) By Application: Customer Purchases, Travel Choices, Restaurants, Entertainment, Journey Patterns And Itinerary, Other Applications
Subsegments:
1) By Machine Learning: Predictive Analytics, Recommendation Systems, Personalization Engines
2) By Natural Language Processing: Sentiment Analysis, Language Translation, Voice Recognition
3) By Chatbots Or Travel Bots: Customer Service Bots, Booking Assistants, FAQ Bots
4) By Blockchain: Smart Contracts, Payment Solutions, Identity Verification
5) By Big Data: Data Analytics, Data Management Solutions, Customer Insights
6) By Other Technologies: Augmented Reality (AR), Virtual Reality (VR), Internet Of Things (Iot) Solutions
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14039
What regions are at the forefront of artificial intelligence (ai) in hospitality market expansion?
North America was the largest region in the artificial intelligence (AI) in hospitality market in 2024. The regions covered in the artificial intelligence (AI) in hospitality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the artificial intelligence (ai) in hospitality market?
Major companies operating in the artificial intelligence (AI) in hospitality market are Google LLC, Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, International Business Machines (IBM) Corporation, Cisco Systems Inc., Microsoft Corporation, Oracle Corporation, NVIDIA Corporation, Salesforce Inc, NEC Corporation, Infosys Limited, HCL Technologies Limited, KLM Royal Dutch Airlines, AltexSoft Inc, Hilton Worldwide Holdings Inc, Amadeus IT, Sabre Corporation, CRS Technology, Cvent Holding Corp, Navitaire, Lemax, Tramada System, Lola, mTrip, Qtech Software, Infor Inc
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14039&type=smp
What Is Covered In The Artificial Intelligence (AI) In Hospitality Global Market Report?
• Market Size Forecast: Examine the artificial intelligence (ai) in hospitality market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) in hospitality market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence (ai) in hospitality market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) in hospitality market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) in hospitality market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) in hospitality market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) in hospitality market.
• Competitive Landscape: Review strategic developments in the artificial intelligence (ai) in hospitality market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Trends Shaping the Future Artificial Intelligence (AI) In Hospitality Market From 2025-2034: Advancements In AI And ML Technologies In Hospitality Industry here
News-ID: 3903539 • Views: …
More Releases from The Business Research Company
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025?
The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a…
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Responsible AI Governance Consulting Market Size By 2025?
The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.…
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,…
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025?
The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion…
More Releases for Hospitality
Sara Hospitality : Leading USA Hospitality Furniture Manufacturer
With decades of experience and an unyielding commitment to quality combined with client oriented services make Sara Hospitality the leader in hotel furnishing needs throughout the country.
In the complex and fast-moving world of the hospitality sector in the USA, one company continues to rise to the top when it comes to outstanding Hospitality Furniture: Sara Hospitality USA. Through their excellent attention to detail, creativity, and focus on clients,…
Sara Hospitality USA Sets New Standards in Luxury Hospitality Furniture
Image: https://www.abnewswire.com/upload/2025/01/3bdb9c9b5de7a5e35ad5b112a681e838.jpg
Sara Hospitality USA stands out as a premier provider of hospitality furniture [https://sarahospitalityusa.com/]. Established in 2007, the company has built a strong reputation for delivering high-quality, custom-designed furniture tailored to the unique needs of the hospitality industry. Sara Hospitality specializes in creating durable and stylish furniture using solid wood and plywood to ensure longevity and elegance in hotel spaces. With over 550 successful projects across the United States, they…
Discovery Hospitality Celebrated as 2024 Philippines' Leading Hospitality Brand
Discovery Hospitality, the Philippines' beloved home-grown hotel management group, has once again demonstrated its industry leadership by being named "Leading Hospitality Brand in the Philippines" for the second consecutive year at the prestigious World Business Outlook Awards 2024 held this November 2 at the Bangkok Marriott Marquis Queen's Park. The group also took home awards for "Best Hospitality Services Provider" and "Best Luxury Business Hotel" for Discovery Primea, further solidifying…
Discovery Hospitality Corporation, Crowned as the Leading Hospitality Brand in t …
Discovery Hospitality Corporation (DHC) proudly added three more awards to its collection after receiving three recognitions at the World Business Outlook Awards held at the Marriott Marquis in Bangkok, Thailand.
The World Business Outlook Awards is a prestigious event led by Singapore-based global media publication, World Business Outlook, featuring industry business updates and providing a global voice and perspective to open conversations that are game-changers. To continue its mission of delivering…
Collective Hospitality Acquires trading assets of Selina Hospitality PLC (in adm …
Image: https://www.getnews.info/uploads/a78ba01b37fec25d24ff2e52287ba270.png
Collective Hospitality Pte Ltd [https://collectivehospitality.com], ("Collective") a leading hospitality owner and operator based in Singapore, today announced the successful acquisition of the majority of the business of Selina Hospitality PLC [https://selina.com] (in administration) ("Selina PLC" or the "Company"), a globally recognized lifestyle and experiential hospitality group. This acquisition represents a significant milestone in Collective's strategic expansion of its lifestyle and experiential travel businesses. This travel segment includes younger nomad…
Caprixaa - Hospitality Management
Caprixaa provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition. Caprixaa Hospitality Management also has a proven record of developing bespoke hotel brands and utilizes industry-leading proprietary revenue management tools that identify and predict evolving market dynamics to drive outperformance and maximize asset value.
The mission of Caprixaa is to enhance and assist hotels in meeting their objectives for long-term…
