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Bloomberg Talks

Priceline.com CEO Brett Keller Talks Travel Demand

Aug 15, 2024
Brett Keller, CEO of Priceline.com, dives into the surge in travel demand, particularly in the cruise and airline sectors. He discusses how cruises are becoming popular as budget-friendly getaways while airlines face capacity changes. Post-pandemic, travelers are cautiously returning, prioritizing leisure trips and embracing AI enhancements for booking. There’s a growing interest in travel insurance for added security, and he notes a trend toward shorter trips and local destinations, reflecting a shift in consumer priorities.
07:23

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Quick takeaways

  • Consumer preferences in travel are shifting towards budget-conscious choices, with increased demand for cruises and closer destinations post-pandemic.
  • Advancements in technology, particularly AI, are enhancing the travel booking process, making it more user-friendly and focused on value and security.

Deep dives

AI's Impact on Business Performance

Recent advancements in artificial intelligence (AI) are significantly enhancing business performance, as demonstrated by Netflix's use of Intel AI accelerators. These accelerators have led to a remarkable improvement in streaming performance, with boosts up to three and a half times compared to previous capacities, illustrating the tangible benefits AI can bring when integrated into established infrastructures. The effectiveness of Intel's technology, being 30% more efficient than competitors, showcases the potential for businesses to leverage AI on their trusted systems to achieve better outcomes. This development underlines a broader trend of companies adopting AI solutions to remain competitive in an increasingly tech-driven market.

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