Four years after Trump's re-election A bright future for the travel tech industry

The Travel Technology Association serves as an advocate for the industry and maintains strong ties with government agencies, state and local policymakers. As the dust settles on the US election results, which gave President Donald Trump a second term and the Republican Party full control of Congress, the Travel Technology Association is optimistic. Among all US presidents, Trump is one of the few with direct experience in travel and technology, not only with a background in the hotel and airline business, but also with the recent launch of a social media platform. Looking ahead to the next four years, the United States will host major international events and commemorative events, which will bring tremendous growth potential for the U.S. tourism industry and provide unprecedented opportunities for the travel technology industry. Crucially, as an innovator led industry, the Travel Technology Association will be able to leverage the Trump administration's innovation-friendly policies to play a bigger role and earn more.

First, promote the development of artificial intelligence technology. The Trump administration plans to make American leadership in artificial intelligence one of its priorities. During the campaign, Trump publicly stated that he would rescind the executive order on artificial intelligence signed by President Biden. President Trump has agreed with congressional leaders that a hands-off policy should be adopted in order to promote the active application of AI technology. This presents a wealth of opportunities for the Travel Technology Association, especially in showcasing innovative AI applications within the industry. The travel technology industry has developed a number of AI-based tools aimed at improving the traveler's experience.

Secondly, promote competition and fight monopoly. The Trump administration's attitude toward tech giants is another important factor affecting the travel technology industry. Unlike previous administrations, which have taken a more lenient approach to big tech companies, the Trump administration's policies could lead to tighter regulation of platforms like Google. In fact, the Trump administration began its antitrust case against Google in its first term, arguing that it has a monopoly in the online search market and is suppressing other competitors. Trump also recently nominated Rep. Matt Gates, a Republican with a strong anti-trust stance, as his nominee for attorney general, indicating that the administration will take tougher measures in the future to crack down on monopolistic behavior of big tech platforms. This policy orientation is good news for the travel technology industry.

Second, support the growth of start-ups. The Trump administration has made it clear that it will promote innovation and small business growth by cutting taxes and streamlining administrative procedures. In particular, improvements in the M&A environment and access to capital will help start-ups gain better growth opportunities. The travel technology industry, as an innovation-driven industry, is where startups and smes play an important role. Since its inception, the Travel Technology Association has been dedicated to supporting the growth of small, innovative businesses. Today, many of the once small companies have grown into industry leaders. With the policy advancement of the Trump administration, it is expected that more startups will receive more financial support and business expansion opportunities, further promoting innovation and change in the field of travel technology. In addition, the Trump administration's policies will provide opportunities for these startups to collaborate with innovators in other industries, fostering broader knowledge sharing and collaboration, especially on policy-level advocacy.

Overall, the Trump administration's policies will accelerate U.S. tech innovation, especially aggressive measures in artificial intelligence, competition policy, and start-up development, which will bring more opportunities to the travel technology industry. These policies will not only drive innovation in the industry, but will ultimately benefit all travelers and travel service providers. By promoting competition, breaking up monopolies and increasing support for start-ups, the Trump administration's policies will undoubtedly breathe new life into the US tourism and travel technology industries. Over the next four years, as the Trump administration's policies are implemented, travel technology companies will benefit from a more hospitable environment for innovation, driving continued growth and change in the travel industry.