Tourism Value Chain
Our territory is the
Tourism Value Chain itself
Secondary and Primary Activities
The world of Travel & Tourism is constantly evolving
The desire for travel continues to grow, with projections indicating that it will encompass 1.5 billion travelers worldwide by 2024, maintaining the same figures as recorded in 2019.
The Tourism & Travel industry is of great importance, presenting a multitude of job opportunities, with Europe alone hosting 2.3 million companies and providing employment to 12.3 million Individuals, accounting for approximately 8.13% of the global workforce.
0.2b
Travelers Worldwide (in 2024)
0.6M
Companies in Europe and the USA
33M
Individual Employment
1%
Global Workforce (334 million people)
Distribution
Transportation
Accommodation
Food & Beverage
Destination Activities
Verticals
Aviation & Airports
Hospitality
Entertainment
Food & Beverage
Intelligent Cities
Key technologies
Powering the Future of Travel & Tourism
BAE Ventures has identified new technologies that are expected to have a significant impact on the Tourism value chain and on the future of tourism. These new technologies will become a priority for us when selecting start-ups.
1
Big data
Big Data is expected to play a significant role in the future of tourism. The ability to collect, analyze and make use of large amounts of data will allow the tourism industry to better understand and cater to the needs of travelers.2
Artificial intelligence (AI)
AI-powered chatbots and personal assistants are expected to become more prevalent in the tourism industry, providing personalized recommendations and assistance to travelers.3
Blockchain
This technology has the potential to improve security and transparency in the tourism industry, making it easier to track and verify information such as flight and hotel reservations.4
Internet of Things (IoT)
IoT technology will allow for greater connectivity and automation across the tourism industry, making it easier for tourists to access information and services.5
5G
5G networks are expected to provide faster and more reliable connectivity, which will be critical for the widespread adoption of technologies such as virtual reality and IoT in the tourism industry.6
Biometrics
Biometrics technology, such as facial recognition and fingerprint scanning, will become more common in the tourism industry, making it easier for travelers to identify themselves and access services.7
Nanotechnology
This technology will be used to develop new and more efficient materials for the tourism industry such as in the creation of new eco-friendly hotels and innovative clothing and gears for adventure tourism.8