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As many people go around the world to travel and enjoy the scenery of various attractions, we are starting to see how the traveling industry has shifted towards getting a better understanding of what travelers want in their destination. The market size for tourism has been making a comeback over the last few years since the pandemic, regaining their sector amount from $0.8 trillion in 2020 back up to $2 trillion in 2024. On top of it, WTTC announced this year that the travel industry has put approximately $11.1 trillion toward the global GDP. Travel and tourism will take over 11.4% of the economy by 2034, leading to a $16 trillion contribution. But now the question is, what makes this industry appealing for travelers to visit various countries?
With the recent surge in the use of AI in our everyday lives, it makes sense for companies in the traveling industries to utilize it to create a more efficient system for the economy. Recently, RTS Labs and Twiddy & Co. have partnered with one another to innovate further so that users can set up their vacation rentals in a much faster process and service using RTS Labs’ AI technology. Another piece of news is the partnership between InterLnkd and FlightHub for their solution to virtually endorsing various consumer products. This partnership will help get this technology directed for travelers to get their necessary items to travel. The movement we are seeing through AI is inevitably helpful for people worldwide as they are not only creating a solid economic stance for the industry but also maintaining environmental sustainability for flights to reduce the use of energy and emissions.
On the hospitality side of the traveling industry, they are starting to create new solutions as travelers check in and out of hotels. Fairmont Sonoma Mission Inn & Spa has recently started placing QR codes around the amenity so visitors can access all the various services they offer just off the phone. The surge in technological advances is apparent to the company, with the operation requiring few people for the service.
Regarding sustainability, with many people becoming more eco-friendly and aware, hotels are implementing different methods to follow it. In Maldives, Soneva uses sustainable fabrics for all the furniture in the rooms and the materials used during the construction of the hotels as they prioritize sustainable luxury for their hotels. As they put in details for every aspect of their hospitality, Soneva has built a strong reputation for travelers who want to stay at one of their properties.
With all the changes in the market, China is beginning to strategically shift its presence on how it will expand for travelers that come in. The country has generated a 78% increase in international flights to China, bringing 280 million tourists, with more to come by the end of 2024. That said, China plans to upgrade its tourism provinces from transportation to technological advancements in various areas so tourists can have a smooth experience going in and out of the desired attractions.
Overall, as the traveling industry continues to improve, companies and countries will keep developing new methods to further enhance what they have to offer for travelers. We will have to stay updated with what will happen soon for the industry as it constantly changes.
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