Technology is a key differentiator in the travel industry with tour operators, OTAs and offline agents understanding the need to adopt cutting edge solutions for competitive advantage. By Saloni Bhatia and Mohit Rathod
Technology has brought about metamorphic changes in the travel industry with online travel agents (OTAs) and an important segment of tour operators and agents focused on adopting the latest technology for enhancing operational efficiency and providing better customer service. It was in the past when the app was the next big thing, now it is all about innovative products to further engage the traveller. The sector is already flooded with apps that can book tickets, provide tracking details, give detailed travel lists and even audio guides as travellers explore new places. Last five years have seen advancement in big data and predictive analytics, cloud technology and artificial intelligence.
Cutting edge technology is adding to the convenience of the traveller and also aiding an agent’s operations. Big data and predictive analytics have already helped OTAs in reaching out to a wider audience by analysing consumer behaviour. The latest advancement in technology are chatbots or artificial intelligence that serve as a virtual guide, engaging an interactive conversation with the customer.
Artificial intelligence and predictive analytics
Lyngdoh believes that virtual reality, panoramic content and augmented reality content are going to change how people get inspired, plan their trips and share their memories. “Personalised virtual travel assistants that understand your travel interests, budgets needs, etc, will be available on mobile or let’s say your watch – so that you can just pick up your bags, start your holiday and leave the mundane tasks of research, planning and booking to the personalised AI system,” he mentions.
Back-end efficiency
The app is assisting the agents in different ways. “We have introduced chat on the agent dashboard that allows them to connect with travellers in real-time and solve their concerns. This has led the response rate from agents to increase by 100 per cent which has led to higher number of conversions. The TravelTriangle statistics tool also enables agents to see how their employees are performing on day-to-day basis. Detailed statistics on whether the employees are following up enough with travellers, are they prompt in sending quotes, etc. This has enabled agents to improve their sales and operations,” informs Mehta.
Customer service
Leveraging the strengths
The Chinese outbound market report from the Chinese Outbound Tourism Research Institute (COTRI) revealed an interesting trend – 20 per cent of the 120 million Chinese outbound travellers booked travel using an OTA in 2015 (a seven per cent increase over 2014 and the strongest indicator that booking sites continue to be more accepted throughout China); however, 80 per cent of Chinese travellers booked offline and used one of the more than 27,000 brick and mortar travel agents last year. It will be interesting to compare the booking trends in India outbound in the near future.
Chatbots are based on the same concept. The chatbots in the future will not only answer queries but will respond to emotional responses, just like humans. Artificial intelligence will be helpful in increasing customer base and maximising returns as the entire booking process will soon be automated.
For offline travel agents also an online presence has become imperative with a growing number of travellers planning their itineraries online, be it hotel bookings, air tickets or full packages. The number of portals providing such services has not only increased but they have become a one-stop-destination for customers. New technology is not only enhancing the customer experience but encouraging them to explore new places. The more convenient it is for the customers to make a booking, better are the chances of them returning to your portal.