The days of going through a travel agent are long gone. Utrip is a new platform that utilizes A.I. and big data to help users create their dream vacations all around the world.
Gilad Berenstein is the CEO of Utrip. He joins Cheddar to explain how consumers can choose preferences on the Utrip platform to plan their ideal vacation. With data and a continually learning system thanks to machine learning, Utip can combine all the work of Expedia, Yelp, Travel Blogs, and the like, all into one site.
In terms of trends, Berenstein says he sees a lot of millennials trying to go to more unique destinations. For Berenstein's travel dreams, his next destination is Cuba.
The median retirement savings account balance for Americans aged 65 and over was just $88,000 due to medical expenses, according to a report. Pratik Patel, head of Family Wealth Strategies with BMO Family Office, joined Cheddar News to discuss what's needed to save for a comfortable retirement.
