The podcast explores the potential disruption of the travel industry by AI, including simplifying travel discovery, improving operations, and personalizing the booking experience. It also discusses the role of AI in ensuring on-time departures and the significance of hyper-personalization in the travel industry. Additionally, it explores how AI enhances customer experience for flight attendants and frontline employees, including training, streamlining interactions, and potential job growth.
AI can improve accuracy of flight schedules and personalize travel experiences.
AI can revolutionize travel discovery process and empower frontline employees to deliver exceptional customer service.
Deep dives
AI as the Disruptive Force in the Travel Industry
AI is expected to significantly disrupt the travel industry by easing the process of travel discovery for customers and helping travel suppliers deliver on customer expectations. AI can improve the accuracy of flight schedules, ensure hotels meet customers' preferences, and personalize travel experiences. While AI applications have been primarily focused on operations, customer-facing AI is becoming more advanced. The best AI applications will be delivered through traditional channels to accommodate the human-centric nature of the travel industry. The travel sector could unlock trillions of dollars in incremental value through generative AI alone.
Hyper Personalization and AI in Travel
AI can revolutionize the travel discovery process by allowing customers to provide more specific preferences and receive tailored recommendations. It can also analyze customer behavior data to understand individual preferences and offer relevant offers and recommendations. The authenticity of hyper personalization is important, and companies that understand and acknowledge customers' past history, like hotels, can provide a more personalized experience. AI can empower frontline employees, such as flight attendants and sales associates, to deliver exceptional customer service based on individual customer information.
Benefits and Challenges of AI Adoption in Travel
The travel sector has embraced AI and related technologies for improved operations, customer experiences, and training of employees. Virtual reality, augmented reality, and AI are being used to enhance employee training and simulate real-life scenarios. AI enables contact centers to quickly understand customers' needs and resolve issues efficiently. However, the delivery of the guest experience and the digital channels used are equally important as AI models. While technology may replace certain tasks, the human-centered nature of the travel industry ensures that frontline employees will continue to play a crucial role in delivering exceptional customer experiences.
“Revenge travel.” It’s what a lot of people are doing these days–hitting the runways in big numbers to make up for time lost during the pandemic. McKinsey recently partnered with Skift, a leading travel industry news site, to write a report about travel in the age of AI. McKinsey partners Alex Cosmas and Vik Krishnan join global editorial director Lucia Rahilly to discuss a new report on travel in the age of AI: what the technology’s promise and pitfalls are and what it may mean for the travel industry overall.
Theme music produced, composed, and performed by Joy Ngiaw.
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