Smart Hospitality Management Market Scope, Business Growth Factors, Industry Policies and Forecast 2026 | StraitsResearch

Smart Hospitality Management Market:

The Worldwide Smart Hospitality Management market and the Global Smart Hospitality Management Market report encloses vital statistical data of sales and revenue based on leading segment such as type, regions, applications, technology, and elite players in the global Smart Hospitality Management industry. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Global Smart Hospitality Management Market. The report aims at historical occurrences, talks about the present status of the industry and also provides valuable forecast information up to 2029.

The incorporation of advanced technologies and IT has been transforming the hospitality industry. Smart hospitality is the process through which hotels have been transforming their infrastructure through the installation of smart solutions to enhance their offerings and offer better and quality services to guests and clients. Smart hospitality management helps improve the operational efficiency of hotels and enhances guest loyalty. The goal of smart hospitality management is personalization of experiences and digitalization of services. The increasing usage of smart and IoT, AI, and voice activation/recognition applications in the hospitality sector, rising demand for real-time optimized guest experience management and lower operational costs are among the key factors driving the growth of the smart hospitality management market.

The incorporation of internet of thing (IoT), AI, and voice activation/recognition in the hospitality industry qualifies hotels as smart buildings, which form a key aspect of smart cities. For instance, a survey conducted by Oracle Corporation “Hotel 2025” estimated that 78% of hotel operators said voice-activated controls for lights, air conditioning, and room devices would be mainstream or in mass adoption by 2025. Further, 59% said using a voice-activated device to control room lighting/temperature would enhance guest experience.

Growing domestic and international tourism is another key factor driving market growth. The Center for Hospitality Research (CHR) estimated that millennials (those ages 18-34) are expected to represent 50% of all travelers to the U.S. by 2025. The smart hospitality management market is expected to grow against the backdrop of early adoption of technology. Revenue generated from accommodation, food and beverage, and other services availed by travelers is propelling the growth of the hospitality industry, and in turn, driving the growth of the smart hospitality management market.

The smart hospitality management market is expected to reach a value of USD 29.11 Billion by 2026, registering a CAGR of 14.4% during the forecast period.

Grab a Free Sample PDF copy of the Smart Hospitality Management Market Report 2019 @ 
https://straitsresearch.com/report/smart-hospitality-management-market/request-sample

The Major Players Covered in this Report: Siemens AG (Germany), Winhotel Solutions (Spain), Oracle Corporation (U.S BuildingIQ (California, U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies (China), Infor, Inc. (U.S.), Oracle Corporation (U.S.), NEC Corporation (Japan), Honeywell International (U.S.), IBM Corporation (U.S.), Johnson Controls (U.S.), and Schneider Electric (France) are some of the key players operating in the smart hospitality management market. & More.

The analysis of the Smart Hospitality Management Market by lays out the market size information and knowledge about the market trends along side factors and parameters influencing it in both short- and long-term. The research provides a comprehensive 360° view and insights, outlining the main outcomes of the industry. These essential insights assist the decision-makers in formulating better business plans and make informed decisions for improved profitability. Moreover, the analysis helps venture capitalists in understanding the businesses with a far better perspective and make aware decisions.

By Software, Hotel Building Automation System, Hotel Operation Management System, Guest Service Management System, Integrated Security System, Others
By Service, Professional Service, Managed Service
By Deployment Model, On-Premises, On-Demand
By Hotel Type, Business Hotel, Resorts & Spas, Heritage and Boutique Hotel, Others

View this report with a detailed description and TOC @ https://straitsresearch.com/report/smart-hospitality-management-market/toc

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Smart Hospitality Management in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Smart Hospitality Management market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Smart Hospitality Management and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Smart Hospitality Management. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Full Report Link @ 
https://straitsresearch.com/report/smart-hospitality-management-market/

Key Smart Hospitality Management Market Trends:
- The report identifies, determines, and forecasts the Global Smart Hospitality Management Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Smart Hospitality Management Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Smart Hospitality Management Market.

Why Buy This Report?
The hospitality industry is highly competitive, which drives the search for new ways and elements of efficient performance. Advanced technologies such as AI, driverless transportation, and biometrics and facial recognition, which were earlier somewhat restricted to the consumer market, are now making a foray in the hospitality industry.

In March 2018, Schneider Electric, Danfoss and Somfy announced a partnership to develop a Connectivity Ecosystem that aims to accelerate connectivity adoption in residential, mid-size building and hotel markets.

In June 2018, Honeywell launched a suite of next-generation energy management software, voice controls, secure cloud communication systems, and smart lighting at HITEC 2018 in Houston, Texas.

With the help of latest technologies, hoteliers have an opportunity to increase guest satisfaction and their bottom line. With latest innovations in voice and service consolidation entering the mainstream, the hospitality industry is on the verge of a transformation that will fundamentally redefine what it means to offer a truly exceptional guest experience. Moreover, the following sections have been specifically covered in the report.

Definitive Market Data
Smart Hospitality Management Market Analysis
Competitive Analysis
Recent Opportunities in the Market
6-7-Year Performance Forecasts: Major Segments by Application, Type and Geography
Market Share Analysis
Technology Assessment
Potential Venture Avenues

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/smart-hospitality-management-market/global/

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

This release was published on openPR.