Global Travel And Hospitality AI Market Projected to Grow at 9.2% CAGR, Reaching $1.31 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Travel And Hospitality AI Market Size By 2025?_x000D_
The AI market in the realm of travel and hospitality has seen robust growth recently, and its growth is forecasted to continue, climbing from a value of $0.85 billion in 2024 to $0.92 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.1%. This growth in the past period is due to a combination of factors, including growing customer expectations, advancements in technology, the utilization of big data analytics, increased consumption of internet and mobile devices, and improved operational efficiency._x000D_
_x000D_
How Big Is the Travel And Hospitality AI Market Size Expected to Grow by 2029?_x000D_
The AI market in travel and hospitality is set to witness significant growth in the coming years, with its value estimated to be $1.31 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.2%. The predicted growth during the forecast period can be credited to a surge in demand for personalization, superior customer service, streamlined operations, predictive analytics, fraud identification, and security measures. The major trends expected to drive the market during this period encompass tailor-made customer experiences, usage of chatbots and virtual assistants, predictive analytics for estimating demand, advanced security and fraud detection initiatives, along with the advent of smart hotel rooms._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/travel-and-hospitality-ai-global-market-report_x000D_
_x000D_
Which Key Market Drivers Powering Travel And Hospitality AI Market Expansion and Growth?_x000D_
The burgeoning need for personalization is anticipated to boost the expansion of the travel and hospitality AI market. Individualized experiences, which are interdisciplinary interactions, services, or goods calibrated to a person's predilections, habits, and requirements, augment their involvement and contentment by giving them the impression of being specially accommodated. The urge for customized experiences is escalating owing to consumers' swelling anticipation for adapted communication that magnifies gratification and engagement. AI in travel and hospitality intensifies personalized experiences by scrutinizing data to formulate bespoke itineraries, propositions, and services focused on individual tastes and requirements. For example, in January 2023, a poll carried out by Salesforce Inc., a US-based software corporation, on 5,000 consumers found that 81% of the respondents proposed to review their budgets in the coming 12 months for more individualized experiences. In the hospitality sector, 72% pledged their loyalty to firms providing speedier service, while 65% vowed their fidelity to those rendering more personalized experiences. Hence, the escalating insistence for personalized experiences is fueling the augmentation of the travel and hospitality AI market._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=18488&type=smp_x000D_
_x000D_
Which Fast-Growing Trends Are Poised to Disrupt the Travel And Hospitality AI Market?_x000D_
Leading organizations in the AI sector for travel and hospitality are channeling their resources towards the creation of innovative generation AI solutions in order to remain competitive. These innovative offerings involve AI systems that can create personalized content such as unique travel plans, dynamic pricing schemes, and customized marketing approaches, all of which are aimed to boost customer experience and improve the operational efficiency within the sector. A case in point is the partnership between Amadeus IT Group, S.A., a renowned IT firm from Spain, and Microsoft Corporation, a US-based tech firm, in January 2024. The collaboration resulted in the launch of a ground-breaking AI technology tailored to revolutionize hotel business intelligence. The technology functions by employing generative AI to enhance hoteliers' capacity to swiftly and effectively access and interpret crucial business intelligence data. At its core is the Amadeus Advisor chatbot, which is powered by Azure OpenAI Service for natural language query facilitation, thus allowing quick and intuitive retrieval of complex data insights. In turn, this simplifies the data analysis process and broadens the accessibility of vital information, even to non-technical staff, fostering productive engagement with the data._x000D_
_x000D_
What Are the Emerging Segments in the Travel And Hospitality AI Market?_x000D_
The travel and hospitality aimarket covered in this report is segmented - _x000D_
_x000D_
1) By Type: Transportation, Hospitality_x000D_
2) By Deployment Model: Cloud, On-Premises_x000D_
3) By Technology: Artificial Intelligence (AI), Internet Of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), Big Data, Other Technologies_x000D_
4) By Pricing Model: One Time Payment, Subscription_x000D_
5) By End Users: Travel Agencies, Transportation Companies, Corporations, Hotels_x000D_
_x000D_
Subsegments:_x000D_
1) By Transportation: AI In Autonomous Vehicles, AI For Traffic And Route Optimization, AI In Air Traffic Management, AI For Predictive Maintenance, AI-Powered Ride-Hailing Services, AI For Travel Planning And Route Suggestions _x000D_
2) By Hospitality: AI-Powered Virtual Assistants And Chatbots, AI For Personalized Customer Experiences, AI In Reservation And Booking Systems, AI For Pricing And Revenue Optimization, AI-Driven Customer Feedback And Sentiment Analysis, AI In Hotel And Resort Operations_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=18488&type=smp_x000D_
_x000D_
Who Are the Global Leaders in the Travel And Hospitality AI Market?_x000D_
Major companies operating in the travel and hospitality AI market are Google LLC, Microsoft Corporation, accenture* PLC, International Business Machines Corporation, Oracle Corporation, Salesforce com Inc., Tata Consultancy Services Limited (TCS), Capgemini SE, Infosys Limited, Adobe Inc., Booking Holdings Inc., HCL Technologies Limited, Expedia Group Inc., Wipro Limited, Amadeus IT Group, Sabre Corporation, Concur Technologies (SAP Concur), Travelport Worldwide Limited, Cvent Inc., Trivago N.V., Skyscanner Ltd., Mews Systems, Hopper Inc., Kayak Software Corporation, RateGain Technologies, Revinate Inc., Hotelogix _x000D_
_x000D_
Which are the Top Profitable Regional Markets for the Travel And Hospitality AI Industry?_x000D_
Asia-Pacific was the largest region in the travel and hospitality AI market in 2024. The regions covered in the travel and hospitality AI market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18488_x000D_
_x000D_
This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
_x000D_
Learn More About The Business Research Company_x000D_
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. _x000D_
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making._x000D_
_x000D_
Reach out to us:_x000D_
The Business Research Company: https://www.thebusinessresearchcompany.com/_x000D_
Americas +1 310-496-7795_x000D_
Europe +44 7882 955267_x000D_
Asia & Others +44 7882 955267 & +91 8897263534_x000D_
Email us at info@tbrc.info_x000D_
_x000D_
Follow Us On:_x000D_
LinkedIn: https://in.linkedin.com/company/the-business-research-company _x000D_
Twitter: https://twitter.com/tbrc_info _x000D_
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

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.