The travel industry is shifting to new digital operations and technology-led business models that put the customer at the heart of everything. Navigating this will require a particular focus on unlocking actionable intelligence from the vast volumes of data at their disposal and introducing AI-infused digital operations that can drive a raft of new efficiencies to unlock greater performance and increase profits.
Travel brands can take steps to guarantee success with long-term investment into the six technological building blocks – the key to unlock measurable business outcomes and seize emerging opportunities, including:
- Moving from data to actionable intelligence: Industry leaders leveraging AI for data-driven decision-making can gain deeper customer insights, optimize inventory, and quickly adapt to market shifts in real time.
- Delivering hyperpersonalized, AI-led experiences: By integrating AI across front-, mid-, and back-office functions, travel brands can deliver true personalization at the individual customer level, enabling the seamless omnichannel experiences that today’s travelers expect.
- Introducing AI-enhanced operations: Embracing AI-driven automation to optimize core processes and improve operational agility will be essential to drive growth, boost efficiency, and enable innovation.