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AI in travel and tourism GenAI Travel Planning booking.com

Booking Holdings CEO Endorses GenAI for Enhanced Travel Planning

Speaking at ITB Berlin 2024 Glenn Fogel, CEO of Booking Holdings (Booking.com), revealed himself to be a major supporter of the use of artificial intelligence. At the Future Tracks section of the Convention, he outlined his vision for the use of artificial intelligence in tourism under the heading of “Leadership, Innovation, and the Future of Travel”: GenAI Travel Planning booking.com

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Back in the day my parents would go to a travel agency, where their interests were already known, and where they could be presented with suitable offers. If any problems occurred during the journey, the travel agency was their point of contact.” And that is precisely what GenAI (generative artificial intelligence) can provide, but even more comprehensively because of the increased volume of data that is available.

GenAI provides customers with better advice than is available from humans. And when smart payment systems are used to facilitate travel, he believes that he and his group of companies will be well prepared to face the future. The first step in this direction is provided by a travel planner on his booking.com platform, utilizing artificial intelligence.

As Fogel explained, the “AI Trip Planner” is based on the existing machine learning models of Booking.com, which are used on the platform to recommend destinations and accommodation options to millions of travellers each day, with the technological support provided by Open AI’s ChatGPT. As Glenn Fogel explains: “The latest developments in generative AI provide a boost to our work, which we have been carrying out for many years with machine learning, to continue to develop every aspect of the customer experience on our platform.“. GenAI Travel Planning booking.com

Using this new tool, travelers can not only raise general travel-related questions but also conduct more specific inquiries. According to Booking, travelers can chat with the AI Trip Planner, describe their own particular requirements, ask questions, and refine their searches in real-time, and the tool can submit new suggestions within seconds. In this way, the planner can, for example, offer information and inspiration about potential destinations and accommodation options or produce routes for a particular city, country, or region. “I am convinced that vacationers only want one single platform for the entire trip. To achieve this, we want to offer intelligent solutions, that also incorporate travel options, payment systems, and much more.“

Here’s how it’s transforming the travel industry: GenAI Travel Planning booking.com

  • Personalized Planning: GenAI can analyze your preferences to suggest destinations, activities, and accommodations tailored to you
  • Enhanced Trip Inspiration: GenAI can generate inspiring images or itineraries that fuel wanderlust and simplify trip planning
  • Customer Service: AI-powered chatbots provide quick support and even handle routine bookings

GenAI’s ability to learn and adapt means that it’s likely here to stay, becoming more sophisticated over time.

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