IBS Group Launches Naviq, an AI Technology Company for the Travel Sector
IBS Group has launched Naviq Technology, a new AI-first company focused on the global travel industry. The new entity aims to pioneer AI-led transformation across aviation, cruise, hospitality, logistics, and online travel sectors.
DUBAI, July 9, 2026 – IBS Group announced today the formation of Naviq Technology, a new vertical AI company purpose-built for the global travel industry. The launch signals a significant step in the Group's strategy to lead in the worldwide travel tech market.
Naviq is set to leverage IBS Software's extensive travel industry expertise combined with AI innovations to help clients transform their businesses. Key objectives include improving operational efficiency, personalizing customer experiences, and unlocking new revenue streams. Naviq will operate as an independent entity within the IBS Group.
"The global travel industry is at a turning point, with organizations seeking smarter ways to operate and future-proof their businesses. Naviq gives the market something it has not had before: a technology and consulting company that understands the complexities of global travel and offers transformative solutions at scale using specialized AI tools," said V. K. Mathews, Founder and Executive Chairman of IBS Group.
The company begins operations immediately from 16 established offices globally. Naviq plans for rapid growth, aiming to employ over 5,000 high-tech professionals within the next five years. IBS Group intends to invest significantly in augmenting capabilities and growing the business over that period.