- Over the next 10 years, the industry is expected to grow at a rate of 3.8% to $11.4 trillion.
- 85% of the millennials show interest in sharing their individual experiences and habits for better offerings next time
- Caroline Brenner (head of travel & tourism) at Euromonitor International said that digitization has a great impact on facilitating the growth of the travel & tourism sector as online sales now account for more than 40% of total travel products, up from 28% in the year 2012. In accordance, mobile travel sales have also seen phenomenal growth, from a 2% share of total travel sales in 2012 to 12% at present.
With such steep demand for travel, aided technology and digitization becomes critical to rise above the competition and deliver the customer a lavish experience. Customers do not just want the same experience every time, they want a unique and personalized experience. To achieve this, Big Data becomes a key allowing brands to offer customized offerings and to track preference. 85% of the millennials show interest in sharing their individual experiences and habits for better offerings next time.
By combining AI and Big data, FASTCURVE presents to you with the near-term prospect of useful virtual assistants that could further bring in more sales and shower a steady growth to your business. The travel and hospitality industry is expected to get an abundance of benefits from wearable technologies.
Did you know from the planning stage to booking your tickets, to hospitality experience and sharing those feedbacks on social media, digital technologies play an important role in boosting up your business?
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