Global Smart Hospitality Market - Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Smart Hospitality Market By Type (Software, Services,), Hotel Type (Business Hotels, Heritage and Boutique Hotels, Resorts and Spas, Others), Deployment Mode (On-Premises, On-Demand), Application (Hotels, Cruise, Luxury Yachts, Others), Geography(North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026 ;

Market Analysis: Global Smart Hospitality Market

Global smart hospitality market is set to witness a healthy CAGR of 26.57% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to increasing adoption of the smart hospitality services and technology by various companies in the hospitality domain.

Market Definition: Global Smart Hospitality Market

Smart hospitality refers to the integration of technology such as automated software and smart solutions for hospitality. It is widely used in hotels and cruises. It helps to reduce the cost and also improves the efficiency of staff and gives a unique experience to the guest so that they want to come again. It helps the guest in the selection of rooms, type and number of their choice, room entertainment systems as well as internet features. It is being adopted extensively on a global scale. It helps to enhance the guest experience which boosts the revenue of the company.

Market Drivers:

  • Surging demand for real time optimized guest experience management is driving the growth of the market

  • Attractive revenue growth and low operational costs is boosting the growth of the market

  • Increasing adoption of IoT and energy management systems is propelling the growth of the market

  • Advanced technological developments in smart hospitality is contributing to the growth of the business

Market Restraints:

  • High initial cost of deployment is restricting the growth of the market

  • Integration complexities over legacy systems and networks is hindering the growth of the market

  • Limited availability of technically skilled personnel is hampering the growth of the market

Segmentation: Global Smart Hospitality Market

By Type

  • Software

    • Hotel Operation Management System

      • Staff Mobility and Workforce Management

      • Inventory and Logistics Management

      • Revenue Management

    • Integrated Security System

      • Video Surveillance System

      • Access Control System

      • Emergency Incident Management System

    • Hotel Building Automation System

      • Energy Management Platform

      • Facility Management System

    • Guest Service Management System

      • Centralized Reservations Systems

      • Room Automation and Control System

      • Guest Experience Management System

    • Integrated Communication Technology Solutions

      • Network Management System

      • Unified Communications and Collaboration

      • Mobile Device Management System

    • Services

      • Professional Services

        • Consulting Services

        • Deployment and Integration

        • Support and Maintenance

      • Managed Services

By Hotel Type

  • Business Hotels

  • Heritage and Boutique Hotels

  • Resorts and Spas

  • Others

By Deployment Model

  • On-Premises
  • On-Demand

By Application

  • Hotels

  • Cruise

  • Luxury Yachts

  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In August 2019, InterContinental Hotels Group announced the expansion of its avid hotel brand. It will be a 95 room hotel including rooms designed for sound sleep, with the intervention of latest technology for entertainment to provide guest a unique experience, and high quality breakfast. The expansion will offer new features for providing quality experience to the guests.

  • In August 2019, SG Developers announced their acquisition of IIPL to develop smart solution products using technology. This acquisition will expand the R&D capabilities of the company and will develop smart solutions and next generation products for the hospitality industry.

Competitive Analysis

Global smart hospitality market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart hospitality market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global smart hospitality market are NEC Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco, Siemens, Schneider Electric, Johnson Controls, Honeywell International Inc., Oracle, Infor,          Winhotel Solution SL, BuildingIQ, WiSuite, Qualsoft Systems Pvt. Ltd., SAMSUNG, BLAZON HOTELS, Control4Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others.

Research Methodology: Global Smart Hospitality Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints

  • Key Market players involved in this industry

  • Detailed analysis of the Market Segmentation

  • Competitive analysis of the key players involved

 


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