As global tourism resurges after the major slowdown caused by the COVID-19 pandemic, the industry is gearing up by investing more in artificial intelligence technologies that experts believe can streamline various critical processes, tourism-industry/3175274″ target=”_blank” rel=”noopener”>Anadolu Agency reports.
Across various industries, AI has the potential to unlock between $2 trillion and $4 trillion in annual value, according to a report by consulting group McKinsey Research.
It forecasts the travel industry to grow at an average of nearly 6% a year over the next five to seven years.
For the industry, the prospect of saving time, costs and more is an appealing idea that various actors are keen to capitalize on at the earliest.
RateHawk, an online booking platform for hotels, tickets, car rentals and airport transfers, is already relying on AI for quick consolidation and aggregation of information, according to Ivan Yuschenka, the company’s business development director.
“AI is widely used from two…
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