Definition ∞ Travel Tech encompasses technological innovations applied to the travel and tourism industry to enhance services, streamline operations, and improve customer experiences. This includes online booking platforms, mobile applications, artificial intelligence for personalization, and blockchain for secure transactions. The sector continuously seeks advancements to optimize efficiency and convenience. It aims to modernize various aspects of travel.
Context ∞ The integration of blockchain and digital assets is an emerging trend within Travel Tech, offering potential for decentralized booking, loyalty programs, and payment systems. Discussions often center on how these technologies can reduce costs and increase transparency for both travelers and service providers. News reports sometimes feature innovative startups or established companies exploring blockchain solutions to reshape the future of travel.
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