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TravelAI.com, a rapidly growing AI-driven travel technology company, has confirmed that its applied use of AI is already delivering returns as it comes close to closing net revenues of USD 16 million for 2024 backed by a gross merchandise value (GMV) of USD 230 million.
As the ‘proof of concept’ phase closes for the company, the medium-term aspiration is to become the primary AI-powered agent for travelers, managing the full journey from discovery to booking with precision and efficiency.
To fulfill this plan TravelAI has appointed Ennea Capital Partners as its strategic advisor to help provide critical guidance with a focus on product development, go-to-market strategies, monetisation, and the formulation of a Buy-&-Build strategy to help TravelAI scale its platform and achieve its medium-term vision of becoming the leading AI-powered travel agent.
Founded in 2021, TravelAI.com operates a vast ecosystem of over 400 brands, all designed to serve high-intent travelers with personalized travel discovery solutions. By leveraging applied AI, TravelAI connects travelers with highly-relevant, tailored content, helping them find the perfect travel experiences.
TravelAI’s platform already processes millions of visitors each month and facilitates thousands of bookings, optimizing demand for major travel seller partners such as Expedia, Vrbo, and Booking.com. The platform’s AI capabilities enable it to handle and scale billions of unique content segments, providing personalized experiences to travelers globally.
John Lyotier, CEO of TravelAI.com, said: “There’s a lot of industry talk and doubt about how and when we can actually turn AI into profits but we’ve discovered a model that actually works – and even more pleased to confirm that we’re on target for $16m USD in net revenue for this year with a gross merchandise value (GMV) of €230m USD.
“With the applied use of AI, we can offer travelers personalized discovery experiences and deliver significant value and high-intent converting customers to our industry partners.
“With Ennea Capital Partners now advising us on our overall strategy, we are well-positioned for the next phase of our expansion, ensuring that which we are building is needed and will be used by our partners and travelers alike.”
Andreas Nau, Partner of Ennea Capital Partners, added: “TravelAI’s already proven advanced AI technology and huge demand generation experience make it uniquely positioned to reshape the travel discovery landscape.
“We are excited to help them ensure they are sufficiently capitalized, prepare for M&A activity, refine their product offering, and expand their market reach to achieve sustained hyper-growth.”
