Navigating the AI Wave: A New Opportunity for Travel Industry Professionals
I read a number of newsletters every day related to AI wave, but when I saw this article in the Superhuman newsletter (Superhuman AI) I thought of the opportunities it presents travel agents. This is from the December 14th, 2024 issue.
The Trend
If you've ever booked a trip, you know how frustrating the entire process is. Last time I booked a trip, I had 40 different tabs open comparing everything from WiFi quality at hotels to vegetarian food options on every flight. No wonder AI giants regularly show off travel booking as one of the tasks their latest and greatest AI models can handle.
The Opportunity
The "AI wave in Travel" market is experiencing explosive growth, with market size projected to grow to $5.1B by 2034, according to Precedence Research. The ground is ripe for AI travel assistant apps that can analyze user preferences and past behavior to suggest destinations, manage hotel bookings, and organize payments. There's already some signal that potential users are ready to adopt these products, with 68% of travelers saying they're open to using AI-powered tools to customize trips, according to a study by Deloitte.
How Travel Agents Can Thrive in the New AI Digital Landscape
While this article is concerning, it also introduces new opportunities. Travel agents have made seismic changes during the past 40 years, and this is just another one.
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