AI-influenced revenue share of travel companies worldwide 2018-2024

Published by Statista Research Department, Dec 11, 2023
A global survey involving companies with revenue higher than one billion U.S. dollars investigated the share of travel firms' revenue that was AI-influenced, namely sales that were finalized thanks to Artificial Intelligence insights. According to the study, roughly 21 percent of the surveyed companies' revenue in the travel market was AI-influenced in 2021, rising sharply from just nine percent in 2018. As forecast, the share of AI-influenced revenue in the travel industry was predicted to rise to 32 percent in 2024.

Share of travel companies' revenue that was influenced by Artificial Intelligence (AI) worldwide in 2018 and 2021, with a forecast for 2024

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

November 2022

Region

Worldwide

Survey time period

August to September 2021

Number of respondents

86 respondents

Special properties

executives of travel companies with revenue higher than one billion U.S. dollars and that have at least agreed upon some basic AI strategy

Supplementary notes

¹ The source defined AI-influenced revenue as follows:

- Sales of existing products and services that were finalized thanks to AI-driven insights on customers, supply chains, and channels.

- Sales of new products and services made through human and AI resources.

- Higher prices that were driven by dynamic pricing ML algorithms (excluding higher efficiencies in production operations thanks to AI).

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Artificial intelligence (AI) use in travel and tourism "

The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Artificial intelligence (AI) use in travel and tourism

Impact of AI on travel and tourism

5

Impact of AI on accommodation

5

Impact of AI on business travel

7

Travelers' use of AI

4

Further Content: You might find this interesting as well

Topics

Travel and tourism in the metaverseTourism worldwideXR: AR, VR, and the metaverseDigitalization of the travel industryDigitalization of the hospitality industry worldwide
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.