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ATM Report: How Artificial Intelligence increases hotel revenues and cut costs? Travel News eTurboNews

Cutting edge technology and innovation will be adopted as the official show theme for Arabian Travel Market (ATM) 2019, taking place at Dubai World Trade Centre from 28 April – 1 May 2019. According to the latest research conducted by Colliers International, personalisation Artificial Intelligence (AI) could increase hotel revenues by over 10 percent and reduce costs by more than 15 percent – with hotel operators expecting technology such as voice and facial recognition, virtual reality and biometrics to be mainstream by 2025. Further to this, the research estimates 73 percent of manual activities in the hospitality industry have the technical potential for automation, with many global hotel operators including Marriott, Hilton, and Accor already investing in automating elements of their human resources. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: "It is important to highlight that the GCC is one of the fastest growing regional hospitality markets on a global scale and an innovative technology-reliant industry. "Its impact on hotels and travel and tourism is multi-dimensional, ranging from voice and facial recognition, chatbots and beacon technology to virtual reality, blockchain and robot concierge.