TravelAI.com Accelerates Growth And Innovation Following Profitable 2024

 

Vancouver, January 28, 2025 – TravelAI.com, a rapidly growing AI-driven travel technology company, has announced a significant expansion of its team in response to its rapid, profitable growth that reached a gross booking value (GBV) of $268 million USD in 2024. The company is stepping up its efforts to solidify its position as a leader in applying generative AI to the travel industry.

 

As a result, TravelAI has added 15 new engineers during the year, bringing the total engineering team to 69 people and a total team size of over 90. The company with headquarters in the suburbs of Vancouver, Canada was founded in 2021 and is 100% owned by the founders and team.

 

With an ecosystem of over 400 brands, the focus of TravelAI is in developing the technology to match high-intent travelers with the right product or destination via personalized travel solutions. By leveraging applied AI, TravelAI connects travelers with highly relevant, tailored content, creating a more efficient travel journey. The company’s brands are the starting point for its vision to build the largest and most comprehensive Agentic Network for the travel industry.

 

TravelAI’s platform already processes millions of visitors each month and facilitates thousands of bookings, adding incremental demand for major OTAs, such as Expedia, Vrbo, and Booking.com. The platform’s AI capabilities enable it to handle and scale billions of unique content segments, providing personalized experiences to travelers globally across multiple languages.

 

Looking back into 2024, some of the highlights of the past year are as follows:

• Engineering Expansion: The engineering team has grown by 25%, enabling the company to accelerate product development and scale its AI-driven travel solutions. A new engineering center of excellence was opened earlier this year in Dhaka, Bangladesh to provide the team with an on-premise place to call home. Dhaka is one of the world’s megacities and is becoming known for its growing tech talent pool.
• Corporate Growth: In addition to the expanded engineering team, TravelAI has strengthened its corporate functions with the addition of experts in product, marketing, and corporate development. While remote first, this team is primarily located in Vancouver, a city that serves as the company’s headquarters.
• Sustained Growth: Following the successful close of its “proof of concept” phase, TravelAI generated gross booking value (GBV) of more than USD$268 million in 2024. This growth validates the company’s AI-powered business model and sets the stage for even greater expansion in 2025.
• Strategic Guidance: As part of its expansion strategy, TravelAI has appointed Ennea Capital Partners as its strategic advisor to guide the company through its next phase of growth, including potential mergers and acquisitions (M&A), product development, and global market strategies.

 

“While we celebrate an incredible year of growth – including revenue, team size, and product innovation – somewhat paradoxically, we are more excited about our ability now to slow down our growth [of people]. We are building the factory of the future in which mass customization and AI Agents allow us to increase revenues and profitability while driving traveler happiness – yet we can achieve the output of much larger teams. We are focusing on building the thing that builds the thing,” said John Lyotier, CEO of TravelAI. “This is just the beginning. We think we are doing something special – bootstrap an AI company profitably with many blue skies ahead.”

 

The company’s expanded team is already making an impact, working to refine TravelAI’s platform. As the company prepares for the next phase of growth, the focus is on deepening its AI capabilities, strengthening partnerships with travel brands, and exploring new markets.

 

About TravelAI.com

 

TravelAI.com is a vertical AI company operating in the $15.5 trillion travel industry. With generative AI, proprietary platforms, and machine learning at its core, the company drives a dynamic high-intent demand engine—offering personalized travel discovery across more than 400 brands and guiding travelers through every step of their journey. The company’s long-term goal is first the Web of One, in which a personalized travel experience exists for every traveler, before pushing into the “Web of None”, enabling Agent to Agent communication in travel’s largest Agentic Network. TravelAI Solutions is a subsidiary of UpNext Ventures Inc., 100% founder funded, and owned by the team.