From Hype to Infrastructure
After years of generative AI commanding attention and budget with limited measurable return, the landscape has shifted. Travel companies are now redesigning workflows, reorienting technology investment and reconsidering competitive positioning around AI systems that can plan, decide and act, not just respond.
Agentic AI is already demonstrating tangible value in next-generation business automation: accelerating productivity, reducing operational costs and enabling capabilities that were simply not viable with traditional software.
The emergence of model context protocol (MCP) — an open standard connecting AI applications to external systems — has been among the most consequential developments accelerating this shift. More than half of companies surveyed are already exploring or implementing MCP and related interoperability standards. For travel executives, this matters because interoperability between AI agents is the connective tissue of future tech stacks. Without it, agentic investments become isolated experiments rather than scalable infrastructure.
The Consumer Side Is Moving Too
This is not exclusively a back-office story. Agentic commerce, AI systems that find, compare and execute purchases on behalf of consumers, is gaining real traction. Google, OpenAI, Stripe and Visa have all announced mainstream agentic consumer offerings. The implications for travel distribution, loyalty and customer acquisition are significant and still being worked out. Executives who treat this as a future-state issue are likely to find themselves reactive when it arrives at scale.
What the Report Examines
Drawing on responses from senior travel executives across the globe, Budgets, Barriers and the Race to Agentic AI covers:
Where gen AI and agentic AI are already delivering measurable value
How technology budgets are being reallocated to support agentic capabilities
The organizational and technical barriers preventing companies from moving beyond experimentation
The strategic implications of emerging interoperability standards
Availability
Budgets, Barriers and the Race to Agentic AI is available now at phocuswright.com.
About Phocuswright
Phocuswright is the travel industry's most trusted source for deep market intelligence. Through rigorous research, authoritative data and expert analysis, Phocuswright helps travel executives make better-informed decisions in a rapidly shifting competitive landscape. Learn more at phocuswright.com.