Corporate travel industry is already growing by leaps and bounds, however, the advent of blockchain technology and artificial intelligence (AI) is likely to give it another shot in the arm. It has been quite some time since the Indians started making online bookings following by virtual payments, but the automation and AI were not experimented considerably. The metamorphosis might have some unpleasant implications for the industry's workforce, but would certainly positively alter the way people travel forever. Role of Artificial Intelligence in corporate travel industry Artificial Intelligence (AI) has become a game-changer for the travel industry. Artificial Intelligence (AI) is modernising travel by making it more customer-focused by improving the overall efficiency for hotels, airlines, and other travel providers.
WASHINGTON (Reuters) - The U.S. Department of Homeland Security said it would implement the Trump administration's temporary travel ban in a professional and public manner after the Supreme Court's earlier on Monday allowed its partial implementation of the ban on travelers from six Muslim-majority countries and all refugees.
President Trump's proposal to temporarily ban travel from several Middle Eastern countries may be forcing couples to rethink their honeymoon destinations. Trump has proposed two separate immigration bans since taking office in January, both of which were challenged and halted by federal courts. Travel industry leaders have said they worry that the proposed bans are sending the message that the U.S. doesn't welcome visitors -- a message that could hurt the nation's $2.1-trillion travel industry. But they might also affect the travel plans of the nation's newlyweds. A survey of 400 soon-to-be married couples by an online wedding registry found that 18% say the travel ban has forced them to alter their honeymoon travel plans, and 10% say they are likely to spend less on their trip.
During the busy holiday travel season, as both systems and staff are stretched to their limits, many travel industry executives contemplate the power that cognitive computing has to transform their industry. For the most part, however, they are adopting cognitive solutions in the form of chat-bots and robots, neither of which have matured enough to advance crucial strategies in the industry or demonstrate the technology's full capabilities. The IBM Institute for Business Value and the Economist Intelligence Unit interviewed 200 travel and 103 transportation executives for a new study, "Beyond Bots and Robots: Exploring the Unrealized Potential of Cognitive Computing in the Travel Industry." The study found that travel companies can create cognitive programs that improve the travel experience, streamline travel operations -- or do both. For now, most of the industry is in a wait-and-see mode, with just a few players conducting fairly, small-scale, low-risk cognitive projects.