Latest News

Back to Latest News back

 

Artificial Intelligence has potential to shape future of tourism industry

Artificial Intelligence has potential to shape future of tourism industry
April 18, 2024

The impact of Artificial Intelligence (AI) and its role in shaping the future of the tourism industry are highlighted in recent reports from the World Travel & Tourism Council (WTTC) and Microsoft.

The final two reports of a series on Artificial Intelligence from WTTC entitled "Responsible Artificial Intelligence (AI): Overview of AI Risks, Safety & Governance" and "Artificial Intelligence (AI): Global Strategies, Policies & Regulations," underscore a commitment to a digital future that prioritises safety, ethical considerations, and responsible AI adoption.

Launched during the global tourism body’s participation at the UN General Assembly in New York, these reports mark significant milestones in WTTC's mission to promote innovation and excellence in customer experiences through the safe and trustworthy integration of AI.

"Responsible Artificial Intelligence (AI)" delves into the potential risks associated with AI deployment and offers strategies for establishing frameworks that promote transparency, accountability, and fairness.

From addressing bias and discrimination to ensuring human oversight of AI systems, this report empowers organisations to harness the power of AI responsibly.

In the fourth and final instalment, "Artificial Intelligence (AI): Global Strategies, Policies & Regulations," WTTC provides a detailed overview of the AI ecosystem across key countries and international organisations.

It shows how policymakers are navigating the AI landscape and shaping regulations and strategies to foster AI innovation, while ensuring its ethical and responsible use.

Julia Simpson, WTTC President and Chief Executive notes “In a rapidly evolving landscape, AI emerges as a catalyst for positive change. The insights provided in these reports demonstrate that AI is not just a technological advancement; it is a strategic tool that can personalise customer experiences, drive sustainable improvements, and shape the future of Travel & Tourism.

“AI is already being used across our sector with incredible results. Several major hotel groups including Iberostar are using AI to monitor and reduce food waste, which recently resulted not only in a 27% cost saving but prevented thousands of kilos of unwanted food going to landfill."

Julie Shainock, Managing Director, Travel, Transport, & Logistics Industry for Microsoft added “We are seeing AI being embraced across the entire travel eco-system enhancing the customer experience, the employee experience and also driving more efficiency in operations, but we know we are only at the beginning of the journey.

“We are excited to see what the future holds as AI becomes more widely adopted to automate the more mundane tasks of travel and harness the true spirit of travel, to elevate the human experience.”

According to WTTC, AI has the power to revolutionise how businesses in the Tourism industry operate, offering immense opportunities for growth and innovation.

Both reports underscore the urgent need for Tourism businesses to embrace AI as a strategic priority, investing in talent and fostering collaboration between humans and AI.

But despite the sector's increasing recognition of AI's potential, challenges such as AI-skilled workforce shortages in the Tourism sector persist, highlighting the importance of proactive measures to overcome barriers to adoption.

As AI continues to reshape the world, WTTC remains at the forefront, advocating for safe, ethical, and inclusive AI innovation.

To access these reports:                       

'Responsible Artificial Intelligence (AI) : Overview of AI Risks, Safety & Governance'

'Artificial Intelligence (AI): Global Strategies, Policies & Regulations'

Related Articles

10th April 2024 - Keepme releases extensive Artificial Intelligence resources guide for fitness operators

6th March 2024 - Sportradar highlights leading role of Artificial Intelligence in latest match-fixing report

11th February 2024 - Regent Taipei among hotels adopting Artificial Intelligence Food Waste Systems

30th January 2024 - Artificial Intelligence to have transformative impact on tourism industry

17th January 2024 - Artificial Intelligence to drive Thailand in becoming leading ‘lifestyle’ tourist destination

15th November 2023 - Artificial Intelligence to drive growth in global theme parks and attractions