Travel & Hospitality
Global Market Size: Up to $5.5 trillion
Embracing clean data practices enhances privacy compliance, and improves data quality that can lead to:
Revenue uplift of 5-15% from clean and high-quality guest data that enables personalized experiences, targeted marketing, dynamic pricing, and loyalty programs that increase bookings and ancillary sales.
Profit margin improvement of 10-25% by reducing operational inefficiencies, better demand forecasting, fraud reduction, and automated customer service to improve margins and reduces costs
Competitive Advantage: Privacy-compliant, consent-driven data collection builds traveler trust, reduces regulatory risk, and enhances brand reputation in the increasingly experience-driven travel market.
Sources:
EHL Insights Escoffer AHLA Netsuite Deloitte