Travel & Hospitality AI Market - Forecast(2021 - 2026)
Travel and Hospitality AI Market Overview The Travel and Hospitality AI Market is estimated to surpass $1.2 billion mark by 2026 growing at an estimated CAGR of more than 9.7% during the forecast period 2021 to 2026. Most hotels and resorts rely heavily on delivering excellent customer service to build their reputation and AI technology can assist with this in a wide variety of different ways ranging from improving personalisation, tailoring recommendations and guaranteeing fast response times, even in the absence of staff. The turmoil in Corona (COVID-19) has had a big influence on the hospitality and travel industry. (Partial) lockdowns and travel bans have been placed in effect by several nations. Many competitions have been postponed, including the UEFA EURO 2020, the Olympic Games and the ITB Berlin, the world's biggest travel trade show. A large amount of corporate activities and vacation outings have had to be delayed or cancelled due to work uncertainties and busines