Artificial Intelligence (AI) In Travel Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How has the artificial intelligence (ai) in travel market grown in recent years?
The artificial intelligence (AI) in travel market has experienced exponential growth, with an expected increase from $123.72 billion in 2024 to $165.93 billion in 2025, at a CAGR of 34.1%. Growth drivers include the rapid digital transformation, rising demand for personalized travel experiences, a greater focus on operational efficiency, enhanced security measures, the proliferation of mobile and wearable technology, and increasing automation in customer service.
How is the artificial intelligence (ai) in travel market size expected to evolve during the forecast period?
The artificial intelligence (AI) in travel market is projected to experience exponential expansion in the coming years, reaching $531.95 billion by 2029, with a CAGR of 33.8%. Growth drivers include increasing demand for personalized travel experiences, rising adoption of contactless technologies, enhanced security protocols, expansion of smart infrastructure, and AI-driven analytics for operational efficiency. Key trends include AI-powered personalization, autonomous vehicles and robots, predictive analytics, and advancements in contactless solutions.
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Which key drivers are propelling the artificial intelligence (ai) in travel market’s growth?
The increasing global tourism industry is set to drive the expansion of the artificial intelligence (AI) in travel market. International travel for leisure, business, or cultural exchange is rising due to higher disposable incomes, improved travel accessibility, and advancements in technology. AI enhances the travel experience by automating bookings, optimizing customer service, and providing personalized recommendations, improving operational efficiency. For example, in 2024, the World Travel and Tourism Council reported that in 2023, the travel and tourism sector contributed 9.1% to the global GDP, marking a 23.2% rise from 2022. This growth in global tourism fuels the AI in travel market.
What are the market segments in the artificial intelligence (ai) in travel industry?
The artificial intelligence (AI) in travel market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment mode: On-Premises, Cloud-Based
3) By Application: Customer Service, Booking And Reservations, Travel Planning And Personalization, marketing And Advertising, Operations Management, Security And Fraud Detection
Subsegments:
1) By Software: AI-powered Travel Booking Platforms, Chatbots and Virtual Assistants, Personalization and Recommendation Engines, Revenue Management Software, Customer Relationship Management (CRM) Tools
2) By Services: Consulting Services, Implementation and Integration Services, Data Analytics and Insights Services, Training and Support Services, Digital marketing Services
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Which leading companies are shaping the growth of the artificial intelligence (ai) in travel market?
Major companies operating in the artificial intelligence (AI) in travel market are International Business Machines Corporation, Expedia Group Inc., Priceline.com, Booking.com B.V., Airbnb Inc., Sabre Corporation, TripAdvisor Inc., Agoda Company Pte. Ltd., SAP Concur, Travelport Worldwide Ltd., Hotelbeds Group, Skyscanner Ltd., Trivago N.V., MakeMyTrip Limited, Fareportal, Kayak Software Corporation, Despegar.com Inc., Cendyn Group LLC, Hopper, Cleartrip Private Limited, Sojern Inc., OTA Insight Ltd., Adara Inc., Viator Inc., Duetto
What key trends are currently impacting the artificial intelligence (ai) in travel market’s development?
Major companies in the artificial intelligence (AI) in travel market are advancing technology by integrating AI into personalized travel, improving customer experiences with tailored recommendations, optimized itineraries, and real-time assistance. AI-driven personalized travel customizes experiences by analyzing user data and preferences to suggest destinations, accommodations, and activities. For example, in May 2024, Expedia Group Inc., a US-based travel technology company, introduced Romie, an AI-powered assistant that functions as a personal travel agent. Romie assists with planning, booking, and managing last-minute changes while learning user preferences over time. It features group chat planning, smart search, and itinerary-building capabilities.
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Which geographic areas are influencing the growth of the artificial intelligence (ai) in travel market?
North America was the largest region in the artificial intelligence (AI) in travel market in 2024. The regions covered in the artificial intelligence (AI) in travel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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