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The generative AI in travel market is forecasted to grow by USD 3.17 billion during 2024-2029, accelerating at a CAGR of 36.7% during the forecast period. The report on the generative AI in travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for hyper-personalization, imperative for increased operational efficiency and cost reduction, and enhanced customer satisfaction and engagement.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The generative AI in travel market is segmented as below:
By Type
- Air travel
- Rail travel
- Road travel
- Cruise travel
By Application
- Itinerary generation
- Customer support and chatbots
- Travel content creation
- Others
By End-user
- Leisure travelers
- Travel agents
- Business travelers
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the generative AI in travel market covers the following areas:
- Generative AI In Travel Market sizing
- Generative AI In Travel Market forecast
- Generative AI In Travel Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global generative ai in travel market: 247.ai Inc., Agoda Co. Pte. Ltd., Airbnb Inc., Amadeus IT Group SA, Booking Holdings Inc., Boxever Ltd., Expedia Group Inc., FLYR Inc., Google LLC, Hopper Inc., International Business Machines Corp., Microsoft Corp., OpenAI, Oracle Corp., Sabre Corp., Skyscanner, Travelport LP, and Trip.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is ascension of end-to-end ai travel companion."
According to the report, one of the major drivers for this market is the rising demand for hyper-personalization.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 247.ai Inc.
- Agoda Co. Pte. Ltd.
- Airbnb Inc.
- Amadeus IT Group SA
- Booking Holdings Inc.
- Boxever Ltd.
- Expedia Group Inc.
- FLYR Inc.
- Google LLC
- Hopper Inc.
- International Business Machines Corp.
- Microsoft Corp.
- OpenAI
- Oracle Corp.
- Sabre Corp.
- Skyscanner
- Travelport LP
- Trip
