Exploring New Realities: Augmented Reality in the Travel Industry

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Published Oct 27, 2023

Digital Evolution Meets Travel: Momentum Ventures’ CEO Matt Keezer Foresees Ground-breaking, Inevitable, AI Transformation

Digital Evolution Meets Travel: Momentum Ventures’ CEO Matt Keezer Foresees Ground-breaking, Inevitable, AI Transformation

As published on Business Wire – Momentum Ventures, a travel-focused holding company, anticipates an innovative shift in the Online Travel Agency (OTA) sector. As the digital age evolves, Matt Keezer foresees AI-first entrants redefining industry benchmarks and significantly outperforming traditional models.

“Our market prediction indicates that emerging travel platforms will be intrinsically built upon AI, not merely integrating it as an added feature”, said Keezer. “This paradigm change represents a strategic redirection in the travel landscape, prioritizing efficiency, precision, and user-centricity.”

Among the prime advantages of AI-driven OTAs is their ability to offer personalized user experiences, with the help of AI’s capability to decode and cater to individual behaviours and preferences. These platforms can adapt pricing instantaneously with the help of real-time data, collecting market dynamics and guaranteeing that users consistently receive optimal deals.

Enhanced customer service is another hallmark of AI-centric strategies. With AI algorithms at the helm, users receive round-the-clock support that’s both rapid and precise. By leveraging vast data repositories, OTAs can proactively discern travel trends, presenting both travelers and industry partners with forward-thinking insights.

“Seamless integration across multiple platforms, thanks to embedded AI, simplifies the entire travel planning process. The design approach of these platforms also guarantees a broad inclusivity. It is worth emphasizing the operational efficiencies that AI introduces; automation leads to significant cost reductions, with tangible benefits for the end consumer”, explained Keezer. “As technology continues to shape user expectations, those that hesitate in adopting an AI-first approach risk their market position.”

Momentum Ventures, with its dedication to innovation and a diverse company portfolio that includes renowned travel brands like FlightHub™ and JustFly™, is strategically positioned to support and collaborate with startups that are at the forefront of this industry transformation, further solidifying its pivotal role in the next chapter of travel services.

About Momentum Ventures

Established in 2014 and headquartered in Montreal, Québec, Momentum Ventures™ is a dynamic holding company focused on transforming the travel industry. Through a portfolio of subsidiaries including notable brands like FlightHub™ and Justfly.com™, Momentum Ventures is committed to operational excellence and sustainable growth strategies. With a track record of expanding in competitive markets, the company continues to innovate and reshape the travel sector.