Living Travel Experience
Give one example of how to improve efficiency in the traveller check-in process ?
Facial Recognition , Bio Metrics - Retina Scans / Thumb impressions
List any digital entrant which could shake up the airline industry value chain
OTA - Online Travel Aggregators, Meta-search engines and Travel service platforms
What was the total economic cost (loss) of 9/11 attack on World Trade Center (11 Sept 2001)?
The industry suffered close to $ 145 Billion.
Name any 2 Online Travel Aggregators (OTA) whose market cap is higher than market cap of any airline company
Priceline - $ 73 Billion, AirBnB - $30 Billion
Emerging markets will account for _____% share of global airline travel by 2034.
70%
How many connected devices will arise by 2020?
50 Billion devices - i.e Approximately 7 connected devices per person
List some of the emerging technologies which will replace physical security systems at airports.
Facial Recognition systems, Biometric scanners, IoT, Crowd analytics, Video monitoring, Artificial Intelligence.
How many new jobs would get created by 2025 due to digitalization in aviation eco-system?
270,000 + jobs
Which future modes of travel can potentially disrupt airline industry
Hyperloop and Autonomous flying taxis.
For aviation industry, how much is the Value potential of Digitalization by 2025 (in $ dollar terms) ?
$ 1 Trillion
In the long term (five years and beyond), security checkpoints will NOT be an integral part of travel. TRUE OR FALSE
TRUE. Security aspect will merge with daily life, and security will become seamlessly integrated.
Travellers will be monitored by authorities who collaborate via a single global system.
How much dollar value of cost savings could get passed on to customers due to global digitalization in travel and aviation industry by 2025.
$ 5 Billion.