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AI Set to Shape the Future of Travel & Tourism, Says WTTC
Julia Simpson, President & CEO of WTTC, emphasized that AI is a strategic tool that can personalize customer experiences, drive sustainable improvements, and shape the future of Travel & Tourism.
New York, U.S. - The World Travel & Tourism Council (WTTC), in collaboration with Microsoft, has released new reports highlighting the transformative impact of Artificial Intelligence (AI) on the future of Travel & Tourism.
The latest reports, "Responsible Artificial Intelligence (AI): Overview of AI Risks, Safety & Governance" and "Artificial Intelligence (AI): Global Strategies, Policies & Regulations," were unveiled during WTTC's participation at the UN General Assembly in New York . These reports highlighted WTTC's commitment to promoting innovation and excellence in customer experiences through the responsible integration of AI.
"Responsible Artificial Intelligence (AI)" explores the potential risks associated with AI deployment and offers strategies for establishing frameworks that prioritize transparency, accountability, and fairness. This report empowers organizations to harness AI responsibly by addressing bias, discrimination, and ensuring human oversight of AI systems.
In the fourth and final installment, "Artificial Intelligence (AI): Global Strategies, Policies & Regulations," WTTC provides a comprehensive overview of the AI landscape across key countries and international organizations. It illustrates how policymakers are navigating the AI landscape to foster innovation while ensuring its ethical and responsible use.
Julia Simpson, President & CEO of WTTC, emphasized that AI is a strategic tool that can personalize customer experiences, drive sustainable improvements, and shape the future of Travel & Tourism. She cited examples of AI implementation in the sector, such as major hotel groups using AI to monitor and reduce food waste, resulting in significant cost savings and environmental benefits.
Julie Shainock, Managing Director of Travel, Transport, & Logistics Industry at Microsoft, highlighted the widespread adoption of AI across the travel ecosystem, enhancing customer and employee experiences while driving operational efficiency. She expressed excitement about AI's potential to elevate the human experience in travel.
Despite AI's immense opportunities for growth and innovation, challenges such as workforce shortages persist in the Travel & Tourism sector. WTTC emphasizes the importance of investing in talent and fostering collaboration between humans and AI to overcome these barriers.
As AI continues to reshape the world, WTTC remains at the forefront, advocating for safe, ethical, and inclusive AI innovation in the Travel & Tourism sector.