Travel Tech Essentialist #183: Barriers
📈 Travel industry updates:
Since January 2021, Booking's value soared by 158%, reaching nearly $180 billion, while MakeMyTrip jumped 255% due to India's market growth. eDreams increased nearly twofold, and Expedia rose 63%. In contrast, Tripadvisor dropped 39% and Airbnb by 11%, yet Airbnb remains valued at $67 billion.
Ground and sea transportation, worth $198 billion, is often overlooked despite its scale compared to cruises, car rentals, or home rentals.
AI in travel: Expedia's AI enhancements boosted partner revenue by $6 billion, conversion by 1.3x, and flight price predictions by 15%.
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