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3021 posts

Google on generative AI, voice and the future of travel search

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  • 4 December 2024
📰 Julie Farago, Google VP of Engineering for travel and local search, at the Phocuswright conference on Dec 4, 2024, revealed that her team of 700 manages two billion daily searches, with 15% being new queries. Voice search and generative AI are shaping the future of search, especially in complex fields like travel. Google prioritizes innovation with accountability, tagging all AI-generated results and focusing on factuality, aiming for a balance of boldness and responsibility.
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UK: Outbound travel now boosts economy more than pre-pandemic

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  • 4 December 2024
🏖 UK's overseas travel sector contributed £51.6 billion to the economy in 2024, a 5% increase from £49 billion pre-Covid. The sector supports 818,000 jobs in the UK. Despite recovery, challenges like overtourism persist, requiring new management models, as seen in Majorca. Reported by Abta on Dec 4, 2024.
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The AI dreams of Booking.com

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  • 4 December 2024
📍 Dec 4, 2024: Glenn Fogel, CEO of Booking Holdings, suggests AI could enhance travel planning but won't replace human advisors. Booking's AI trip planner offers real-time itinerary changes, weather updates, and pricing. Despite AI's advancements, human expertise, personalization, and connection remain irreplaceable for travelers who value these qualities, ensuring the continued importance of travel advisors in the industry. Full story at Travel Market Report and Quartz.
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How Marriott is redefining loyalty and personalization

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  • 4 December 2024
🏨 Marriott's Bonvoy brand, discussed by Chief Customer Officer Peggy Roe on December 4, 2024, shapes the hotel's identity by connecting travelers with unique experiences, tailored to various life stages. Bonvoy uses first-party data to personalize guest experiences, reflecting a shift in consumer preference towards experiences over accommodations. The result is a diverse portfolio offering homes, villas, and partnerships that cater to individual customer needs.
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Business travel industry’s optimistic plans for 2025

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  • 4 December 2024
🏥 On Dec 4, 2024, the Global Business Travel Association reported 86% satisfaction among business travel buyers and suppliers. Looking to 2025, 67% are optimistic about industry growth, 55% foresee minimal travel restrictions, and 52% of buyers expect higher budgets, a rise from 44% in 2023. 📈
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Marketing, demand and digital change: How can hotels adapt?

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  • 4 December 2024
📱 On December 4, 2024, hotels are advised to adopt a multi-faceted digital marketing approach using around 20 digital tools to target the right audience, engage at multiple touch points, and drive direct bookings, as technology, including AI, is integrated into everyday life. The focus has shifted from simple websites and generic campaigns to more sophisticated strategies. Full details are available at Hospitality.Net.
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Western travel marketers must understand Chinese social media

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  • 3 December 2024
🌍 On Dec 3, 2024, Chinese travelers showcase shifting travel preferences, favoring visa-free entry and independent travel over traditional tour groups. With interests in outdoor activities, road trips, and sporting events, there's a notable change in spending patterns. Businesses must integrate systems like AliPay to attract this market. Influential in travel decisions is Xiaohongshu, with 100 million users, primarily young women, affecting travel and shopping choices.
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Sustainability: Can you deliver what you promise?

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  • 3 December 2024
🌍 On December 3, 2024, it was reported that hospitality and tourism companies are under pressure to not only meet sustainability benchmarks but also to transparently communicate their eco-friendly efforts. Key challenges include minimizing pollution, noise, traffic congestion, and resource depletion. Specific industry issues involve excessive energy consumption, inefficient supply chains, and carbon-intensive travel practices. Legal and ethical mandates like the EU's Green Claims Directive enforce accuracy in sustainability claims for a competitive edge.
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Amex GBT details its first AI projects

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  • 3 December 2024
🧭 On Dec 3, 2024, Amex GBT introduced an AI policy and oversight committee, launching a secure AI platform for internal use, prohibiting public AI tools to protect data privacy. Initiatives include an AI tool for summarizing travel policies over 20 pages and an email service analyzing customer requests against company policies, offering the top three options. Projects focus on business priorities, ensuring a solid business case before development. Full story at Skift (subscription required).
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Drive your hotel’s success with a dynamic pricing intelligence

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  • 3 December 2024
💸 Hoteliers use rate intelligence for competitive edge as of Dec 3, 2024. SiteMinder offers a data-rich platform with tools to unify data, create reports, and save time. Features include Business Intelligence for daily rate optimization, a Channel Manager for real-time offer deployment, and a Booking Engine to maximize rates through direct sales on various platforms. More information can be found on SiteMinder's website.
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