AI Trip Planner Tool Market Trends and Forecast
The future of the global AI trip planner tool market looks promising with opportunities in the personal trip planning, family trip planning, and business trip planning markets. The global AI trip planner tool market is expected to grow with a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are increased global travel driving need for efficient trip planning tools, growing use of digital platforms for travel planning and booking, and enhanced AI capabilities improving personalized travel recommendations and itineraries.
• Lucintel forecasts that on-premise is expected to witness higher growth over the forecast period.
• Within this market, personal trip planning is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Trip Planner Tool Market
• United States: Google announced enhancements to its AI-driven trip planner, integrating personalized itineraries and local insights. The initiative aims to boost user engagement and streamline travel planning.
• United Kingdom: British startup TripTech launched an AI trip planning app offering tailored travel experiences, backed by government grants to promote innovation in tourism technology.
• Japan: Rakuten unveiled a new AI-powered travel assistant focusing on optimizing travel itineraries and providing real-time updates. The government supports such tech advancements to enhance tourism.
• Australia: Travelport announced a collaboration with AI specialists to develop an advanced trip planning tool aimed at enhancing user experience. The government has shown interest in promoting AI in travel to attract more tourists.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Trip Planner Tool Market by Segment
The study includes a forecast for the global AI trip planner tool market by type, application, and region.
AI Trip Planner Tool Market by Type [Value from 2018 to 2030]:
• On-Premises
• Cloud Based
AI Trip Planner Tool Market by Application [Value from 2018 to 2030]:
• Personal Trip Planning
• Family Trip Planning
• Business Trip Planning
• Others
AI Trip Planner Tool Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Trip Planner Tool Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI trip planner tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI trip planner tool companies profiled in this report include-
• Wonderplan
• Layla
• BuildAI
• Iplan.AI
• Explorerg
• Guidegeek
• Curiosio
• Vacay
• PlantripAI
• Trip Planner AI
Recent Development in the AI Trip Planner Tool Market
• Google: Google has recently enhanced its AI-driven trip planner tool by integrating real-time data from various sources. This update includes features like dynamic itinerary adjustments based on user preferences and live traffic updates, making trip planning more personalized and efficient.
• TripAdvisor: TripAdvisor has launched an AI-powered travel recommendation engine that uses machine learning to analyze user reviews and preferences. This tool offers customized travel itineraries and suggestions for accommodations, restaurants, and activities, significantly improving the user experience.
• Expedia: Expedia has introduced an AI trip planning assistant named "Expedia Bot," which uses natural language processing to interact with users. This assistant helps in booking flights, hotels, and activities, and offers travel tips, enhancing the convenience of trip planning.
• Kayak: Kayak has developed an AI-driven trip planner that incorporates augmented reality features to help users visualize their travel plans. This tool allows users to explore destinations virtually, providing a more immersive planning experience and helping users make informed decisions.
• Airbnb: Airbnb has upgraded its AI trip planner to include a new feature that predicts travel trends and suggests destinations based on user interests and historical data. This enhancement aims to offer more personalized travel recommendations, making trip planning more intuitive and enjoyable.
Features of the Global AI Trip Planner Tool Market
Market Size Estimates: AI trip planner tool market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI trip planner tool market size by type, application, and region in terms of value ($B).
Regional Analysis: AI trip planner tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI trip planner tool market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI trip planner tool market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI trip planner tool market?
Answer: The global AI trip planner tool market is expected to grow with a CAGR of 11.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI trip planner tool market?
Answer: The major drivers for this market are increased global travel driving need for efficient trip planning tools, growing use of digital platforms for travel planning and booking, and enhanced AI capabilities improving personalized travel recommendations and itineraries.
Q3. What are the major segments for AI trip planner tool market?
Answer: The future of the global AI trip planner tool market looks promising with opportunities in the personal trip planning, family trip planning, and business trip planning markets.
Q4. Who are the key AI trip planner tool market companies?
Answer: Some of the key AI trip planner tool companies are as follows:
• Wonderplan
• Layla
• BuildAI
• Iplan.AI
• Explorerg
• Guidegeek
• Curiosio
• Vacay
• PlantripAI
• Trip Planner AI
Q5. Which AI trip planner tool market segment will be the largest in future?
Answer: Lucintel forecasts that on-premise is expected to witness higher growth over the forecast period.
Q6. In AI trip planner tool market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI trip planner tool market by type (on-premises and cloud based), application (personal trip planning, family trip planning, business trip planning, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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