{"id":137931,"date":"2025-03-03T09:15:44","date_gmt":"2025-03-03T07:15:44","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/news\/the-big-question-how-will-ai-transform-the-travel-industry\/"},"modified":"2025-03-03T09:15:44","modified_gmt":"2025-03-03T07:15:44","slug":"the-big-question-how-will-ai-transform-the-travel-industry","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/the-big-question-how-will-ai-transform-the-travel-industry\/","title":{"rendered":"The Big Question: How will AI transform the travel industry?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/137931\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Booking.com CEO Glenn Fogel talks about the growing desire to travel, even as over tourism and sustainability concerns create challenges for travel companies. Did you know that tourism accounts for 10% of the EU\u2019s gross domestic product (GDP), according to the European Parliament? Statista also estimates that revenue for the EU-27 travel and tourism market will hit $220.1 billion (\u20ac210.3bn) in 2025.<\/p>\n<p>The rebound in travel following the pandemic has driven much of the sector\u2019s gains in the past few years. Glenn Fogel, CEO of Booking.com says: \u201cWe have just seen such incredible desire to travel. You can actually see it, how much people want to travel because as soon as a country opened up, people would just jump to travel. So we got a big, big boost for the first few years of coming out of Covid. That desire to travel, it never ends.<\/p>\n<p>\u201cNow, of course, the question is, is it going to continue or not? And sometimes people talk about, \u2018Well, prices are so high, so will people be able to travel or is there going to be a recession and people won&#8217;t have the money to travel?\u2019\u201d In this episode of The Big Question, Glenn sat down with Angela Barnes to discuss the issues shaping the travel sector: sustainable tourism, overtourism and the wildest future trends.<\/p>\n<p>With an increased focus on sustainability in the travel sector, travel companies and their partners are facing more hurdles in maintaining profit margins while increasing sustainability options for consumers. Fogel emphasises: \u201cSustainability is critical for the future of our industry. Our mission is to make it easier for everybody to experience the world. If the world isn\u2019t worth experiencing, that\u2019s not going to be good for travel.\u201d Rapidly changing and often overlapping regulations are also posing barriers to profitability in the travel sector, by forcing companies to invest significant time and resources in working out how to adhere to them.<\/p>\n<p>EU regulations such as the Digital Markets Act (DMA) have contributed to higher costs and more cumbersome processes for European companies like Booking.com, unlike other global competitors like Google, which are far bigger and can more efficiently handle overlapping policies as well as rapid regulatory changes. Other non-EU travel companies, often as big as Booking.com, also don\u2019t have to adhere to EU regulations. That significantly affects Booking.com\u2019s ability to compete with them, while also seeming to \u201cpunish\u201d other successful European travel companies and the domestic travel sector as a whole.<\/p>\n<p>Regarding those competitors, Fogel says: \u201cThey don\u2019t have their engineers dealing with the regulations. Their engineers are creating better services for their consumers. So my thinking is: Why did we come up with this? We&#8217;re going to make things harder for the European companies to compete against the global travel industry.\u201d<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/03\/03\/the-big-question-how-will-ai-transform-the-travel-industry\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/the-big-question-how-will-ai-transform-the-travel-industry\/\">The Big Question: How will AI transform the travel industry?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[18095,18096,606,607,608],"class_list":["post-137931","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai-transform","tag-the-travel-industry","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=137931"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137931\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=137931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=137931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=137931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}