June 12, 2024
ICT

Generative AI in Travel Market Size To Gain USD 3,581.95 Mn by 2032

The generative AI in travel market size is poised to grow by USD 3,581.95 million by 2032 from USD 632.18 billion in 2022, exhibiting a CAGR of 18.94% during the forecast period 2023-2032. 

Generative AI in Travel Market Size 2023 To 2032

Key Takeaways:

  • North America dominated the market with the highest market share in 2022.
  • Asia Pacific is expected to hold a significant market share during the anticipated period.
  • By type, the air travel segment dominated the market with the largest market share in 2022. Additionally, the rail travel segment is expected to grow at a significant rate during the forecast period.
  • By service type, the accommodation services segment dominated the market with the largest market share in 2022. Additionally, the transportation accommodation segment is expected to grow at a noticeable rate during the forecast period.
  • By deployment, the cloud-based segment dominated the market with the highest market share in 2022. While on-premises deployment is expected to hold a lucrative market share during the predicted timeframe.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Generative AI in travel market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Generative AI in travel Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

Get a Sample Reporthttps://www.precedenceresearch.com/sample/3118

Generative AI in Travel Market Report Scope

Report Coverage Details
Market Size in 2023 USD 751.91 Million
Market Size by 2032 USD 3,581.95 Million
Growth Rate from 2023 to 2032 CAGR of 18.94%
Largest Market North America
Base Year 2022
Forecast Period 2023 To 2032
Segments Covered By Type, By Service Type, and By Deployment
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Generative AI in Real Estate Market Size To Rake USD 1,047 Mn By 2032

The empirical study on the global Generative AI in travel market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Generative AI in travel Market. Our market report for the Generative AI in travel market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

Top Key Players:

  • Amadeus IT Group
  • Google LLC
  • Airbnb Inc.
  • Expedia Group Inc.
  • Skyscanner Ltd.
  • Kayak Software Corporation
  • Sabre Corporation
  • Booking Holding Inc.

Data Sources and Methodology

To gather comprehensive insights on the Global Generative AI in travel Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Generative AI in travel Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Generative AI in travel market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Generative AI in Travel Market Segmentation:

By Type

  • Air Travel
  • Rail Travel
  • Cruise Travel

By Service Type

  • Accommodation Services
  • Transportation Services

By Deployment

  • Cloud-Based Model
  • On-Premises
  • Hybrid Model

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Generative AI in travel market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Generative AI in travel market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Generative AI in travel market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Generative AI in travel market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Generative AI in Travel Market 

5.1. COVID-19 Landscape: Generative AI in Travel Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Generative AI in Travel Market, By Type

8.1. Generative AI in Travel Market, by Type, 2023-2032

8.1.1 Air Travel

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Rail Travel

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Cruise Travel

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Generative AI in Travel Market, By Service Type

9.1. Generative AI in Travel Market, by Service Type, 2023-2032

9.1.1. Accommodation Services

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Transportation Services

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Generative AI in Travel Market, By Deployment 

10.1. Generative AI in Travel Market, by Deployment, 2023-2032

10.1.1. Cloud-Based Model

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. On-Premises

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Hybrid Model

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Generative AI in Travel Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.1.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.1.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.1.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.1.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.2.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.2.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.2.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.6.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.2.6.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.2.7.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.2.7.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.3.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.3.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.3.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.6.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.3.6.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.3.7.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.3.7.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.4.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.4.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.6.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.4.6.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2020-2032)

11.4.7.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.4.7.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.4.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.5.4.3. Market Revenue and Forecast, by Deployment (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2020-2032)

11.5.5.2. Market Revenue and Forecast, by Service Type (2020-2032)

11.5.5.3. Market Revenue and Forecast, by Deployment (2020-2032)

Chapter 12. Company Profiles

12.1. Amadeus IT Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Google LLC

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Airbnb Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Expedia Group Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Skyscanner Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Kayak Software Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Sabre Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Booking Holding Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

About Us:

Our team comprises a dedicated group of research analysts and management consultants who are driven by a unified vision: assisting individuals and organizations in realizing their strategic objectives, both immediate and long-term, through the provision of comprehensive research services. At Precedence Research, we have positioned ourselves to cater to the needs of a diverse range of entities, including established companies, startups, and non-profit organizations across various sectors. Our expertise extends to industries such as packaging, automotive, healthcare, chemicals and materials, industrial automation, consumer products, electronics and semiconductors, IT and telecommunications, and energy. With a wealth of experience within our ranks, our skilled analysts are equipped with extensive knowledge of the research landscape.

 

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