Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the travel industry. This time, you get to discover five hand-picked machine learning startups impacting travel.
Out of 270, the Global Startup Heat Map highlights 5 Top Machine Learning Startups impacting Travel Companies
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 270 exemplary startups & scaleups we analyzed for this research. Further, it highlights five machine learning startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 265 machine learning solutions for travel, get in touch with us.
Adigi provides AI-based Vacation Recommendations
Founding Year: 2019
Location: Parkstein, Germany
Partner for: Back-Office Process Digitization
German startup Adigi develops solutions to automate the travel booking process through Natural Language Processing (NLP) and AI. Its product, HolidayOffer, understands the needs of customers to provide custom holiday packages and applies intelligent price-performance sorting to place importance on offers. Another product, HolidayService, answers inquiries regarding bookings and reduces the burden of customer service centers. Additionally, they are specifically trained for tourism requirements and respond in real-time to queries from any channel including WhatsApp, websites, etc. Adigi’s solutions enable the tourism industry to reduce costs while achieving higher conversion and improving customer satisfaction.
Zoey develops Travel Virtual Assistants
Founding Year: 2017
Location: Amsterdam, Netherlands
Partner for: Customer Engagement
Dutch startup Zoey provides digital personal assistants to standardize hyper-personal conversions and improve customer experiences. Its AI-driven conversational interface solution combines data processing and automation to define the clients’ and customers’ needs. The solution also features a platform to converse with customers and improve its services through the insights gained. This allows travel companies to automatically build hyper-personalized vacations for customers.
Routeravel facilitates Travel Route Planning
Founding Year: 2018
Location: Tallinn, Estonia
Partner for: Digital Travel Guides
Routeravel is an Estonian startup that creates personalized travel routes using AI-based proprietary algorithms. Its solution provides recommendations of places with timetables, an overview of the route plan, and time spent for sleep to make trips more comfortable. It also offers tourists information on points of interest, tourist attractions, and recommended cities to stay at night based on their travel itinerary. The AI-powered solution removes the need for travel agents and allows users to make their own customized trips with just a few clicks.
AirBuy offers a Customer Engagement Platform
Founding Year: 2017
Location: Cambridge, US
Partner for: Airport Transit Shopping
US-based startup AirBuy creates a customer engagement platform to improve traveler shopping experiences. The solution leverages machine learning to display airport inventory to shoppers and provides shopping suggestions, increasing the pool of potential buyers for airport goods. Besides, Airbuy’s proprietary algorithms synthesize data from passengers, airlines, airports, and retailers for targeted marketing, improving travel shopping experiences. This enables airport retailers to minimize their unsold or idle inventory.
Vervotech advances AI-based Hotel Mapping
Founding Year: 2018
Location: Pune, India
Partner for: Accommodation Booking
Indian startup Vervotech develops hotel and room mapping platforms that use large-scale aggregation and AI-based processing. Its platform maps hotel listing with high accuracy and negates losses from incorrect or duplicated listings while providing accurate and detailed information for mapped hotels. The platform also contains room level mapping which identifies a room’s data using parameters such as type, view, description, amenities, and bed type to increase the validity of room listings. This way, the software-as-a-service solution allows accommodation providers to optimize their inventory and improve customer satisfaction.
Discover more Travel Startups
Travel startups such as the examples highlighted in this report focus on personalized travel plans, back-office process automation, AI-driven route planning, and customer satisfaction. While all of these technologies play a major role in advancing the travel industry, they only represent the tip of the iceberg. To explore travel technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Travel Innovation Report to save your time and improve strategic decision-making.