The travel industry is experiencing significant growth, with global air travel bookings increasing by 3-14% in Q3 2024 compared to the previous year, led by APAC. Travelers are increasingly relying on mobile devices and AI for booking and planning, with 41% using AI for destination ideas. However, rising costs are influencing spending, with 26% of travelers reporting increased travel expenses. While flights and car rentals are gaining popularity, train travel is declining. Despite challenges, the demand for international flights is rising, and travel booking behavior continues to evolve with new destinations and technological advancements shaping the industry.

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