00:00It seems like Forex is a major factor for travellers.
00:04Price in local currency, general price is what I sometimes refer to as the ultimate enabler of travel.
00:10So we know from our report that about 40% of the travellers are planning to spend a little bit shy of 10% of the annual income on travel.
00:19So it's a big expense. And we know that they want to get as much as they can with their money.
00:24So we definitely see the movements of every dollar impacting travellers.
00:30So when it comes to currencies, the Japanese yen is one to watch, Indian rupee.
00:35I mean, are you seeing, you know, numbers growing exponentially for these markets?
00:42What are you seeing from your own report?
00:45So it's very hard to differentiate.
00:48Sometimes the currency changes from other macroeconomics factors.
00:52Those tend to go hand in hand.
00:55But we're definitely seeing what we've seen in the past that when the yen was weaker, then we've seen what looked like a more surge of travelling into Japan, etc.
01:07And as I mentioned before, we do see that when prices are cheaper, that stimulates, especially, you know, we see a lot with promos.
01:15Sometimes there are promos. Yes, please.
01:19Omri, give me a second. We are just breaking news here.
01:22Speaking of currencies, the Indian rupee has fallen to a new record low of 89.7850 versus the USD.
01:29Again, the Indian rupee testing yet another record low, 89.7850 versus the USD.
01:36As we were saying, Omri, the currency does play a part in the Indian rupee again, you know, testing a new low.
01:45Go ahead with your own thoughts.
01:48So I don't want to say, but look, the underlying thing is that things fluctuate.
01:53And and over time, I think travellers are definitely looking for opportunities when it's when the local currency is weak.
02:00I think it will mean the travellers are more susceptible to travel domestically.
02:05And they're definitely looking for opportunities when when it's cheaper to go internationally and take that opportunity.
02:12And of course, one trend that's developing is A.I.
02:17Talk to us about perhaps one, you know, bold A.I. trend that can be expected that is beyond people's imagination right now.
02:25So I think I think it's very hard not to look at an A.I. company demo without some some trouble example.
02:35Usually it's on trip planning.
02:36So I definitely think that that you're seeing a lot of disruption in the how we plan trips and put them together.
02:41Itineraries, et cetera.
02:43But I think the broader story here is what we call the connected trip, which is at least the vision is to be able to to give you the same experience of a travel agent that works for you.
02:54Knows you very, very well.
02:56Not only helps you put the trip together, but also is with you as you travel and takes care of anything that can go wrong.
03:03And I think we've been on that trajectory, by the way, before A.I., but A.I. greatly expedited that process.
03:08And I think it's not far away before this type of experience that your own travel concierge will emerge.
03:15And you see it happening more and more on our platforms.
03:17People talk about how A.I. could lead to a filter bubble where it suggests, you know, mainstream places, not the unconventional ones.
03:30What's your take on that?
03:32I actually think I actually think the opposite.
03:35I think A.I., since the ability to personalize the travel trip, not only to your preference, but also to your budget, is much more available with A.I.
03:46And at the same time, A.I. has much deeper knowledge of opportunities and places to go, way more than mainstream.
03:53I think the likelihood that you can match a traveler with a non-standard experience is actually increasing, not decreasing.
04:00So I actually see A.I. as an enabler of, you know, sending travelers to more interesting exotic destinations that they typically won't get to.
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