AI In Hospitality And Tourism Market Research: Insights,

AI In Hospitality And Tourism Market

“The new report published by The Business Research Company, titled AI In Hospitality And Tourism Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the AI in hospitality and tourism market size has grown exponentially in recent years. It will grow from $12.06 billion in 2023 to $15.69 billion in 2024 at a compound annual growth rate (CAGR) of 30.1%. The AI in hospitality and tourism market size is expected to see exponential growth in the next few years. It will grow to $45.06 billion in 2028 at a compound annual growth rate (CAGR) of 30.2%.

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What Is Driving The Growth Of The Global AI In Hospitality And Tourism Market?

Expanding Tourism Industry Fuels Growth Of AI In Hospitality And Tourism Market

The growing tourism industry is expected to propel the growth of AI in hospitality and tourism market going forward. The tourism industry encompasses the activities and services related to the travel of individuals to destinations outside their usual environment for leisure, business, or other purposes. The tourism industry is expanding due to increased global mobility, rising disposable incomes, and the growing desire for unique travel experiences. AI in the tourism industry enhances customer service, streamlines operations, and personalizes travel experiences through advanced technologies such as chatbots, predictive analytics, and recommendation systems.

What Is The Key Trend In The Global AI In Hospitality And Tourism Market?

Generative AI Revolutionizing Customer Service In Hospitality And Tourism

Major companies operating in AI in hospitality and tourism market are increasing their focus on developing advanced solutions, such as generative AI features, to enhance customer service in the hospitality sector. Generative AI refers to artificial intelligence systems designed to generate new content, such as text, images, music, or even code, that mimics human-like creativity and intelligence.

How Is The Global AI In Hospitality And Tourism Market Segmented?

The AI in hospitality and tourism market covered in this report is segmented –

1) By Type: Natural Language Processing (NLP) Applications, Machine Learning Algorithms, Computer Vision And Image Recognition, Chatbots And Virtual Assistants, Recommendation Systems, Sentiment Analysis

2) By Application: Customer Service And Support, Personalized Marketing And Advertising, Hotel And Room Booking Systems, Virtual Concierge Services, Smart Guest Room Automation, Data Analytics And Business Intelligence, Revenue Management And Pricing Optimization

3) By End-User: Hotels And Resorts, Airlines And Airports, Travel Agencies And Tour Operators, Restaurants And Food Service Providers, Cruise Lines And Maritime Tourism, Online Travel Platforms And Booking Websites

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How Is The Competitive Landscape Of The Global AI In Hospitality And Tourism Market?

Major companies operating in the AI in hospitality and tourism market are Google LLC, Microsoft Corporation, Accentur*e 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

Contents Of The Global AI In Hospitality And Tourism Market

1. Executive Summary

2. AI In Hospitality And Tourism Market Report Structure

3. AI In Hospitality And Tourism Market Trends And Strategies

4. AI In Hospitality And Tourism Market – Macro Economic Scenario

5. AI In Hospitality And Tourism Market Size And Growth

…..

27. AI In Hospitality And Tourism Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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