We recently compiled a list of the 15 best AI travel apps for vacations in 2024. In this article, we will discuss the best AI travel apps for vacations in 2024.
Experiential Travel and AI
Hilton Worldwide Holdings (NYSE: HLT) has named 2024 “The Year of the Great Recharge.” According to Hilton, rest and relaxation will be the top driver of travel decisions in 2024. This is part of Hilton Worldwide Holdings' (NYSE: HLT) annual trends report, in which the company also highlighted the importance of connectivity and personalization for the modern traveler. The importance of personalization was also highlighted in a survey conducted by Flywire Corporation (NASDAQ: FLYW) among travel operators across four countries. Flywire Corporation (NASDAQ: FLYW) reported that 89% of surveyed travel operators are seeing an increased demand for experiential travel, a sector of tourism focused on delivering meaningful travel experiences through personalized itineraries.
“Our research of travel operators globally shows that heading into 2024, consumers are likely to continue to prioritize investments in unique experiences…As travelers eschew traditional 'off-the-shelf' packages, operators are delivering experiences that meet traveler expectations for immersive, personalized travel.” – Colin Smith, vice president and general manager, Travel, Flywire Corporation (NASDAQ: FLYW).
But despite their craving for a fulfilling vacation, today's traveler isn't keen to invest time and energy into planning a getaway. In fact, Booking Holdings Inc. (NASDAQ: BKNG) released its 2024 travel forecast earlier this year, revealing that 52% of travelers want to book trips where they don't know the destination until they arrive. In the past, tourists had to rely on travel agents to take the hassle out of planning their vacations, but that's no longer the case.
Tourists can now plan their vacations with the help of AI travel apps, saving them time and effort. Whether they want to wander cobblestone streets or dive amongst coral reefs, these apps allow them to plan their entire itinerary with just a few taps and swipes of their smartphones. In the past few years, companies such as Trip.com Group Limited (NASDAQ: TCOM), Expedia Group Inc (NASDAQ: EXPE), and Booking Holdings Inc. (NASDAQ: BKNG) have launched their own versions of trip planning tools that use AI to provide tourists with personalized itineraries. As a result, Booking Holdings Inc. (NASDAQ: BKNG) reports that 48% of travelers trust AI for trip planning, and an Expedia Group Inc (NASDAQ: EXPE) survey revealed that nearly half of respondents intend to use AI to plan their trips.
The story continues
The success of Trip Genie and Trip.com Group Limited (NASDAQ: TCOM)
The use of AI in travel is not just a convenience product, but an innovative feature that has the potential to revolutionize travel. For companies that offer such products, AI trip planners are an extremely effective way to drive business. Trip.com Group Limited (NASDAQ: TCOM) launched the TripGen chatbot in February 2023, and following its remarkable success, the company launched Trip Genie in summer 2023. Trip Genie is an AI assistant that helps users navigate every aspect of their trip. Data shows that users who use Trip Genie spend twice as much time using the Trip app as those who do not use the tool. In addition, AI-generated recommendations on the Trip.com Group Limited (NASDAQ: TCOM) platform have led to a 20% increase in traffic and a 10% increase in bookings for over 1,500 hotel partners.
Going forward, integrating further AI capabilities into the platform will likely be a key part of the company's strategy. Trip.com Group Limited (NASDAQ:TCOM) is currently one of the world's largest travel providers and has recently attracted attention due to its stellar Q1 2024 performance. The company reported first quarter net revenue of $1.651 billion, up 15% from the previous quarter. Of particular note was the swelling of earnings per share to $0.88 (diluted), up over 300% from the previous quarter. The increase in earnings per share was attributed to the resurgence of inbound travel to China and several visa-friendly policies for European countries implemented in recent months. As a result, Trip.com Group Limited (NASDAQ:TCOM) was recently featured on the list of the most promising stocks to buy according to hedge funds.
While Insider Monkey is optimistic about Trip.com Group Limited (NASDAQ: TCOM) stock and its continued ability to deliver profits, we believe some AI stocks have the potential to deliver higher profits in a shorter time frame. If you're looking for AI stocks that are more promising than Trip.com Group Limited (NASDAQ: TCOM) but still trade at less than five times earnings, check out our report on the cheapest AI stocks.
The best AI travel apps for vacations in 2024
The best AI travel apps for vacations in 2024
methodology
To create a list of the best AI travel apps for vacations in 2024, we first selected the best and most recommended AI trip planners on the internet. We used over 5 sources, including The Travel and Tech Online, to create the shortlist. After further research, we narrowed it down to only these platforms.
We created a scorecard of the best AI travel apps for vacations in 2024 using metrics such as price, variety of features, and level of personalization. We also leveraged online feedback from Reddit, TripAdvisor, and Quora for the scoring. By standardizing these metrics on a linear scale, each bank was given a score and the list was sorted in descending order based on that. The top 15 were selected as the best AI travel apps for vacations in 2024.
At Insider Monkey, we stick to stocks that hedge funds concentrate their investments in. The reason is simple: our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter, and has returned 275% since May 2014, beating the benchmark by 150 percentage points (more details here).
Our research methodology revealed that Trip Genie is the best AI travel app for vacations in 2024.
1. Trip Genie
Insider Monkey Score: 4.50
Price: Free
Trip Genie was originally launched as TripGen by Trip.com Group Limited (NASDAQ: TCOM) in February 2023, but was then a contextual bot. Soon after, Trip Genie was launched, turning the tool into a virtual travel assistant. Trip Genie is accessible through the Trip app and is integrated with a database of flight, hotel, and activity deals. Once the app generates a personalized itinerary, users can customize each leg of their vacation by adding, removing, or substituting activities. Additionally, budget-conscious travelers can not only track costs, but also get exclusive deal-based recommendations available only on Trip.com's platform.
Want to check out even more apps? Check out our complete list of the 15 best AI travel apps for your holidays in 2024.
At Insider Monkey, we dig into a variety of topics, from the best AI travel apps for vacations to the best online banks, but our specialty is identifying the best-performing stocks. Right now, artificial intelligence (AI) technology stands out as one of the most promising sectors. If you're looking for an AI stock that's more promising than NVDA but still trades for less than five times its earnings, check out our report on the cheapest AI stocks.
Read next: Capital One Alternatives: 12 Best Online Banks for 2024 and 40 Best Beautiful and Safe Places to Visit in South America.
Disclosures: None. This article originally appeared on Insider Monkey.
