The generative AI in travel market is forecasted to grow by USD 3,170.3 mn during 2024-2029, accelerating at a CAGR of 36.7% during the forecast period. The report on the generative AI in travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for hyper-personalization, imperative for increased operational efficiency and cost reduction, and enhanced customer satisfaction and engagement.
Market Scope
Base Year
2025
End Year
2029
Series Year
2025-2029
Growth Momentum
Accelerate
YOY 2025
34.2%
CAGR
36.7%
Incremental Value
$3,170.3 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's generative AI in travel market is segmented as below:
By Type
Air travel
Rail travel
Road travel
Cruise travel
By Application
Itinerary generation
Customer support and chatbots
Travel content creation
Others
By End-user
Leisure travelers
Travel agents
Business travelers
By Geographical Landscape
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the ascension of end-to-end AI travel companion as one of the prime reasons driving the generative AI in travel market growth during the next few years. Also, hyper-personalization as new standard for merchandising and content and shift to proactive and predictive service and operations will lead to sizable demand in the market.
The report on the generative AI in travel market covers the following areas:
Generative AI In Travel Market sizing
Generative AI In Travel Market forecast
Generative AI In Travel Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading generative AI in travel market vendors that include 247.ai Inc., Agoda Co. Pte. Ltd., Airbnb Inc., Amadeus IT Group SA, Booking Holdings Inc., Boxever Ltd., Expedia Group Inc., FLYR Inc., Google LLC, Hopper Inc., International Business Machines Corp., Microsoft Corp., OpenAI, Oracle Corp., Sabre Corp., Skyscanner, Travelport LP, and Trip. Also, the generative AI in travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
5.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
6 Market Segmentation by Type
6.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
6.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
6.3 Air travel - Market size and forecast 2024-2029
Chart on Air travel - Market size and forecast 2024-2029 ($ million)
Data Table on Air travel - Market size and forecast 2024-2029 ($ million)
Chart on Air travel - Year-over-year growth 2024-2029 (%)
Data Table on Air travel - Year-over-year growth 2024-2029 (%)
6.4 Rail travel - Market size and forecast 2024-2029
Chart on Rail travel - Market size and forecast 2024-2029 ($ million)
Data Table on Rail travel - Market size and forecast 2024-2029 ($ million)
Chart on Rail travel - Year-over-year growth 2024-2029 (%)
Data Table on Rail travel - Year-over-year growth 2024-2029 (%)
6.5 Road travel - Market size and forecast 2024-2029
Chart on Road travel - Market size and forecast 2024-2029 ($ million)
Data Table on Road travel - Market size and forecast 2024-2029 ($ million)
Chart on Road travel - Year-over-year growth 2024-2029 (%)
Data Table on Road travel - Year-over-year growth 2024-2029 (%)
6.6 Cruise travel - Market size and forecast 2024-2029
Chart on Cruise travel - Market size and forecast 2024-2029 ($ million)
Data Table on Cruise travel - Market size and forecast 2024-2029 ($ million)
Chart on Cruise travel - Year-over-year growth 2024-2029 (%)
Data Table on Cruise travel - Year-over-year growth 2024-2029 (%)
6.7 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Application
7.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
7.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
7.3 Itinerary generation - Market size and forecast 2024-2029
Chart on Itinerary generation - Market size and forecast 2024-2029 ($ million)
Data Table on Itinerary generation - Market size and forecast 2024-2029 ($ million)
Chart on Itinerary generation - Year-over-year growth 2024-2029 (%)
Data Table on Itinerary generation - Year-over-year growth 2024-2029 (%)
7.4 Customer support and chatbots - Market size and forecast 2024-2029
Chart on Customer support and chatbots - Market size and forecast 2024-2029 ($ million)
Data Table on Customer support and chatbots - Market size and forecast 2024-2029 ($ million)
Chart on Customer support and chatbots - Year-over-year growth 2024-2029 (%)
Data Table on Customer support and chatbots - Year-over-year growth 2024-2029 (%)
7.5 Travel content creation - Market size and forecast 2024-2029
Chart on Travel content creation - Market size and forecast 2024-2029 ($ million)
Data Table on Travel content creation - Market size and forecast 2024-2029 ($ million)
Chart on Travel content creation - Year-over-year growth 2024-2029 (%)
Data Table on Travel content creation - Year-over-year growth 2024-2029 (%)
7.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
7.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
8 Market Segmentation by End-user
8.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
8.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
8.3 Leisure travelers - Market size and forecast 2024-2029
Chart on Leisure travelers - Market size and forecast 2024-2029 ($ million)
Data Table on Leisure travelers - Market size and forecast 2024-2029 ($ million)
Chart on Leisure travelers - Year-over-year growth 2024-2029 (%)
Data Table on Leisure travelers - Year-over-year growth 2024-2029 (%)
8.4 Travel agents - Market size and forecast 2024-2029
Chart on Travel agents - Market size and forecast 2024-2029 ($ million)
Data Table on Travel agents - Market size and forecast 2024-2029 ($ million)
Chart on Travel agents - Year-over-year growth 2024-2029 (%)
Data Table on Travel agents - Year-over-year growth 2024-2029 (%)
8.5 Business travelers - Market size and forecast 2024-2029
Chart on Business travelers - Market size and forecast 2024-2029 ($ million)
Data Table on Business travelers - Market size and forecast 2024-2029 ($ million)
Chart on Business travelers - Year-over-year growth 2024-2029 (%)
Data Table on Business travelers - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
10.4 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
10.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
10.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
10.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
10.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
10.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
10.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
10.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
10.12 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
10.13 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
10.14 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
10.15 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
10.16 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
10.17 Australia - Market size and forecast 2024-2029
Chart on Australia - Market size and forecast 2024-2029 ($ million)
Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Chart on Australia - Year-over-year growth 2024-2029 (%)
Data Table on Australia - Year-over-year growth 2024-2029 (%)
10.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Airbnb Inc.
Airbnb Inc. - Overview
Airbnb Inc. - Product / Service
Airbnb Inc. - Key offerings
SWOT
13.5 Amadeus IT Group SA
Amadeus IT Group SA - Overview
Amadeus IT Group SA - Business segments
Amadeus IT Group SA - Key offerings
Amadeus IT Group SA - Segment focus
SWOT
13.6 Booking Holdings Inc.
Booking Holdings Inc. - Overview
Booking Holdings Inc. - Product / Service
Booking Holdings Inc. - Key offerings
SWOT
13.7 Boxever Ltd.
Boxever Ltd. - Overview
Boxever Ltd. - Product / Service
Boxever Ltd. - Key offerings
SWOT
13.8 Expedia Group Inc.
Expedia Group Inc. - Overview
Expedia Group Inc. - Business segments
Expedia Group Inc. - Key offerings
Expedia Group Inc. - Segment focus
SWOT
13.9 FLYR Inc.
FLYR Inc. - Overview
FLYR Inc. - Product / Service
FLYR Inc. - Key offerings
SWOT
13.10 Google LLC
Google LLC - Overview
Google LLC - Product / Service
Google LLC - Key offerings
SWOT
13.11 Hopper Inc.
Hopper Inc. - Overview
Hopper Inc. - Product / Service
Hopper Inc. - Key offerings
SWOT
13.12 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
SWOT
13.13 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
13.14 OpenAI
OpenAI - Overview
OpenAI - Product / Service
OpenAI - Key offerings
SWOT
13.15 Oracle Corp.
Oracle Corp. - Overview
Oracle Corp. - Business segments
Oracle Corp. - Key news
Oracle Corp. - Key offerings
Oracle Corp. - Segment focus
SWOT
13.16 Sabre Corp.
Sabre Corp. - Overview
Sabre Corp. - Business segments
Sabre Corp. - Key offerings
Sabre Corp. - Segment focus
SWOT
13.17 Skyscanner
Skyscanner - Overview
Skyscanner - Product / Service
Skyscanner - Key offerings
SWOT
13.18 Trip
Trip - Overview
Trip - Product / Service
Trip - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing