Yahoo Finance The Best AI Travel App for Vacationing in 2024
We recently compiled a list of 15 Best AI Travel Apps for Vacationing in 2024 and in this article, we will talk about the Best AI Travel App for Vacationing in 2024.
Experiential Travel and AI
2024 has been dubbed by Hilton Worldwide Holdings Inc. (NYSE: HLT) as the “Year of the Great Recharge”. According to Hilton, rest and relaxation will be the top drivers for travel decisions in 2024. This was part of the annual trends report by Hilton Worldwide Holdings Inc. (NYSE: HLT), in which the company also stressed the importance of connectivity and personalization for modern tourists. The importance of personalization was also emphasized in a study conducted by Flywire Corporation (NASDAQ: FLYW) among travel providers in four countries. Flywire Corporation (NASDAQ: FLYW) reported that 89% of providers surveyed have seen increased demand for experiential travel, a branch of tourism that focuses on providing meaningful travel experiences through personalized itineraries.
“Our research into travel providers around the world shows that as we head into 2024, consumers are likely to continue to prioritize investing in unique experiences… As travelers eschew traditional ‘off the shelf’ packages, providers are offering experiences that match travelers’ expectations for immersive, personalized trips.” -Colin Smyth, VP and GM of Travel, Flywire Corporation (NASDAQ: FLYW).
However, despite their thirst for enriching vacations, modern tourists also aren’t ecstatic about investing time and energy into planning their vacations. In fact, Booking Holdings Inc. (NASDAQ: BKNG) released their 2024 travel predictions earlier this year and revealed that 52% of travelers want to book trips where the destination remains a mystery until they arrive. In times past, tourists would have to rely on travel agents to save themselves from the hassle of mapping out vacations, however, that is no longer the case.
Tourists can now utilize AI Travel Apps to help plan their vacations, thus saving both time and effort. Whether you’re looking to maraud through cobblestone streets or dive amid corals, these apps can map out your entire journey with just a few taps and swipes of your phone. Over the last few years, companies such as Trip.com Group Limited (NASDAQ: TCOM), Expedia Group Inc (NASDAQ: EXPE), and Booking Holdings Inc. (NASDAQ: BKNG) have all launched their versions of trip planning tools that make use of AI to provide tourists with a personalized itinerary. Consequently, Booking Holdings Inc. (NASDAQ: BKNG) reports that 48% of travelers now trust AI to plan their trips while an Expedia Group Inc (NASDAQ: EXPE) survey revealed that nearly half of the respondents showed a willingness to plan trips using AI.
The Success of Trip Genie and Trip.com Group Limited (NASDAQ: TCOM)
The use of AI in travel isn’t just a convenience product, but an innovative feature that has the potential to revolutionize travel. For companies offering such products, AI trip planners are an extremely effective way to drive business. Trip.com Group Limited (NASDAQ: TCOM) launched its TripGen Chatbot in February 2023, and following its remarkable success, the company launched Trip Genie in the summer of 2023. Trip Genie is an AI assistant that helps users navigate every aspect of their journey. Data showed that users using Trip Genie used the Trip app for double the duration of users not engaging with the tool. Furthermore, AI-generated recommendations on Trip.com Group Limited (NASDAQ: TCOM) platforms have resulted in a 20% increase in traffic and a 10% increase in bookings for over 1,500 hotel partners.
Going forward, integrating further AI capabilities into its platforms seems to be a key part of the company’s strategy. Trip.com Group Limited (NASDAQ: TCOM) is currently one of the largest travel providers in the world and recently made headlines due to its impressive performance in Q1 2024. The company reported a net revenue of $1,651 million for the quarter, a 15% increase from the previous quarter. What particularly peaked interest was its earnings per share which swelled to $0.88 (diluted), over 300% from the last quarter. An increase in per-share earnings has been attributed to the resurgence of inbound travel in China along with several visa-friendly policies towards European nations that have been implemented over the last few months. Consequently, Trip.com Group Limited (NASDAQ: TCOM) was recently featured in our list of Best Up and Coming Stocks To Buy According to Hedge Funds.
While we at Insider Monkey feel optimistic about Trip.com Group Limited (NASDAQ: TCOM) stock and its ability to continue delivering returns, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Trip.com Group Limited (NASDAQ: TCOM) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Best AI Travel App for Vacationing in 2024
Methodology
To develop our list of best AI travel apps for vacationing in 2024, we initially picked out the most recommended best AI travel planners on the internet. We used 5+ sources including The Travel and Tech Online to develop a shortlist. Further research was narrowed down to these platforms only.
Among these best AI travel apps for vacationing in 2024, we developed a scorecard using metrics such as pricing, variety of features, and level of personalization. We also utilized online feedback on Reddit, TripAdvisor, and Quora in our scoring. By standardizing these metrics on a linear scale, each bank was scored, based on which we sorted our list in descending order. The top 15 items were chosen as the best AI travel apps for vacationing in 2024.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see the details here).
Our methodology revealed that Trip Genie was the best AI travel app for vacationing in 2024.
1. Trip Genie
Insider Monkey Score: 4.50
Price: Free
Trip Genie was originally launched by Trip.com Group Limited (NASDAQ: TCOM) as TripGen in February 2023, at which time it was a contextual bot. Soon after, Trip Genie was launched which transformed the tool into a virtual travel assistant. Trip Genie can be accessed via the Trip App and is integrated with its database of deals on flights, hotels, and activities. Once the app generates a personalized itinerary, users can customize every leg of the vacation by adding, dropping, or replacing activities. Moreover, budget-conscious travelers can not only keep track of costs but also get recommendations based on exclusive deals only available on Trip.com’s platform.
Want to check out more apps? Check out our full list 15 Best AI Travel Apps for Vacationing in 2024.
At Insider Monkey, we delve into a variety of topics, ranging from the best AI travel apps for vacationing to the best online banks; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published on Insider Monkey.
