Advancements in Technology to Speed Up the Growth of Domestic Tourism
19 May 2022
The tourism industry plays an important role in a country's social and economic development. Developing countries are mainly dependent on the arrival of international tourists, often at the expense of the promotion of domestic tourism. Despite this, domestic tourism has evolved into one of the world's most important economic activities. A considerable number of developing countries have already recognized the potential economic advantages of domestic tourism and are working to establish and implement various strategies for the growth of domestic tourism.
Rise in inclination toward unique and exotic holiday experiences, increase in social media influence and its impact on the travel industry, and a surge in the trend of online bookings are major drivers for the growth of the global domestic tourism market. In addition, mobile applications, artificial intelligence, and big data analytics evolving together amidst proliferating tourism industry aids the market growth. According to Allied Market Research, the global domestic tourism market is expected to reach $6,736.1 by 2030. The market is anticipated to grow at a significant CAGR of 13.4% from 2021 to 2030. The report offers a detailed analysis of domestic tourism market segmentation, including location, tour type, modes of booking, age group, and region.
Technology is an important aspect of the tourism and travel sector since it aids businesses in conducting day-to-day operations while also improving client satisfaction. The domestic tourism market growth has always benefited from technological advancements. With the introduction of web-based booking and the use of AI and IoT in operation optimization, technology is challenging the traditional market. Advanced technologies provide a seamless consumer experience when booking a vacation package, and they are expected to drive market growth in the coming years.
In addition, the outbreak of Covid-19 forced the tourism industry to adopt advanced technologies in response to changes in consumer behavior due to the pandemic. Here are some of the most recent and most cutting-edge technological trends in domestic and international tourism-
Voice search & voice control - to search and book hotel rooms, airline tickets, and travel experiences.
Robotics technologies - to assist in the greeting of guests and providing information in hotels, and for the detection of concealed weapons, and the creation of luggage cases in airports, among other things.
Contactless Payments - it allows organizations to process payments considerably more speedily.
Virtual reality - VR allows travelers to explore distant destinations from the comfort of their own homes, and it may be the deciding factor in whether or not they make a booking.
AI chatbots, recognition technology, augmented reality, artificial intelligence, big data, and predictive analysis are some other key trends in the tourism sector.
The pandemic has had a significant impact on the world and continues to do so in many areas. The outbreak of Covid-19 severely affected the global tourism industry. However, as the world is getting back to normalcy and with the relaxation of travel regulations, the domestic tourism market is expected to grow rapidly.
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.