Booking Invests $100 Million in AI Travel Agent
Booking Holdings plans to invest $100 million in Vayo, a personal AI travel agent that aggregates trips and tracks bookings, while opening a waitlist.
Booking Holdings plans to invest $100 million in Vayo, a personal AI travel agent, according to Dow Jones Newswires.
Vayo aggregates flights, hotels, activities, and bookings from multiple channels, and tracks confirmation numbers and pending reservations for the user.
The product also monitors price changes and alerts to any flight disruptions, and is designed to work across Booking brands and beyond.
Vayo is opening a waitlist ahead of launching an invitation-only beta version.
What do these terms mean?
AI Travel Agent: Software that understands user requests and independently searches for, books, and tracks flights and hotels, instead of the traveler browsing websites one by one.
Beta Version: An early release of a product made available to a limited number of users to test and gather feedback before its general release.
Waitlist: A record where users sign up to receive an invitation to try the product once it becomes available.
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