SHAKTI’s Post

To drive success with AI, companies must adopt the right mindset in its adoption. AI is not a guaranteed solution, but a tool to better serve consumer and business needs. “The next step, and something we’re working hard on, is building the relevancy on top of that product quality to even further help travellers narrow in on the perfect things for their trip.” - Craig Everett, Holibob CEO In experiences and travel more broadly, the AI age enables us to pursue a level of personalisation and consumer understanding that exceeds modern travel retailing standards. By understanding the context of an individual trip, we can better serve travellers with experiences they will love to do. #Ecommerce #Personalisation #AI #Travel #TravelTech

How will generative AI transform the hotel industry? Nazpari Aydin, co-founder of the Destination AI Summit, explores how startups, like Legends Hotel Supplies (Pvt.) Ltd. and Lilo, and revenue management companies, like IDeaS Revenue Solutions, are seizing on three major AI-driven opportunities. #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #AI #innovation

What's in store for 2024? 👀 This year, we have big goals to hit, and with AI becoming more important each day, we're going to be exploring AI-driven analytics to provide real-time insights and automation to free up hosts from time-consuming tasks. After all, helping #propertyowners simplify their #PMS is what we do best. Read the full interview from Merilee Karr, CEO and founder of UnderTheDoormat Group and Thibault Masson, Industry Analyst at Rental Scale-Up: https://lnkd.in/esYY58_R #shorttermrentals #proptech #2024goals #AI

📈 Dtravel Launches AI Travel Agent! 🌍 Dtravel has introduced an AI-powered travel agent and partnered with Fetch.AI's decentralized marketplace. 🔗 Read more: https://lnkd.in/eZGbAKeW #Dtravel #AI #TravelTech #DecentralizedMarketplace #CryptoNews

It's awesome to see the largest brands in travel taking fake reviews seriously, but if these many reviews are shown to be fake, perhaps we’re only scratching the surface of the problem. 🧐 Especially if we expand the definition of an illegitimate review to include manipulated intent, I think the *actual* number skyrockets. 📈 That doesn’t even include the AI reviews that are becoming harder and harder to detect. 🤖 Is an industry-wide game of whack-a-mole the answer? 🔨 Or do we need to rethink how we evaluate quality travel reviews and recommendations? 🤔 We have certain opinions at MintPass. Curious to hear what others think on the matter.💡 Read more ➡ https://lnkd.in/gH-ixYem #traveltech #travelreviews #startups

Joyned's recently announced AI Planner is already benefiting vendors of all sizes. It's the ultimate white-label solution for vendors seeking to enhance their customers’ trip planning process and overall experience. Learn more about this in Global Travel Media below. #aiplanner #ai #travelinnovation #traveltech #artificialintelligence

Generative AI (GenAI) has the potential to greatly improve the hospitality industry by increasing efficiency, improving customer experiences, and creating new ways to earn revenue. However, it's important for technology leaders to be careful and thoughtful about how they use it. By organising their data and preparing their teams, hospitality companies can successfully use GenAI to make a positive impact on their operations and the way they interact with customers. For more details, click here: https://heyor.ca/We2vLJ #GenAI #HospitalityTech #CustomerExperience #OperationalEfficiency #DigitalTransformation

From 2023 to 2030, the OTA market size is expected to grow at a healthy CAGR of 12.98%, from USD 616.6 billion to a massive USD 1,178.7 billion. Even so, OTAs face multiple challenges when it comes to driving revenue and profitability. Fortunately, they can mitigate these challenges by adopting three simple strategies. What are these strategies? Read our latest blog, "3 Simple Strategies that Can Help OTAs to Increase their Profitability" to learn more: https://bit.ly/3wRPHaT #TravelTech #AI #Innovation #FutureOfTravel #Networking #traveltech #airlineindustry #virtualinterlining

“I believe the next big trend will be deeper investment in industry-specific AI [artificial intelligence] solutions, as companies start to realize the long-term profitability that comes with vertical AI, particularly in a sector as data-rich as travel.” Jeff Kim said As Asia continues to lead in travel tech innovation, vertical #AI is emerging as the key to unlocking long-term growth and profitability. In the PhocusWire article, I discuss how Yanolja is at the forefront of developing industry-specific AI solutions that enhance automation, improve operational efficiency, and drive sustained profitability. Unlike generative AI, vertical AI focuses on creating scalable, data-driven systems tailored to the unique needs of the travel industry. Read more for my insights on Asia's travel tech investment trends here:

AI has been the talk of the business world over the last week or so... From investors asking for ROI to companies trying to implement use cases... Multiple studies point that 80-90% of AI startups fail within a year since they are just rehashing the product of other. Some interesting examples in the Skift article about how #GenAI is augmenting corporate travel experience by enhancing customer messaging, policy compliance, expense management, and more. The AI-powered tools are working towards real-time travel assistance, faster and better travel searches, simplify booking rules, automate expense report analysis, and reduce travel disruptions. These should help to reduce manual tasks, and improve overall traveler experiences. https://lnkd.in/guuzv6rB #AI #Travel #Business #Startup