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Innovative Report on Smart Hospitality Management Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies – Global Forecast to 2026

11-24-2021 08:34 AM CET | IT, New Media & Software

Press release from: StraitsResearch

Smart Hospitality Management Market

Smart Hospitality Management Market

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.

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 the 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.

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 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.

North America currently accounts for the largest market share in the smart hospitality management market, with technological advancements and adoption of Internet of Things (IoT) in the hospitality industry. Other advancements such as smartphones, smart appliances, and social media have also been positively impacting the smart hospitality management market.

Obtain Brochure For Latest Technology Advancements @ 
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The Major Prominent 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.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Key Target Audience
System Design and Development Vendors
System Integrators/Migration Service Providers
Consultants/Consultancies/Advisory Firms
Support and Maintenance Service Providers
Network Service Providers
Smart Hospitality Product and Solution Provider Companies
Government Associations

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

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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

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

Key Questions Answered in The Report:
What will the Smart Hospitality Management market growth rate?
What are the key factors driving the global Smart Hospitality Management market?
Who are the key manufacturers in the Smart Hospitality Management market space?
What are the market opportunities, market risk, and market overview of the Smart Hospitality Management market?
What are sales, revenue, and price analysis of top manufacturers of the Smart Hospitality Management market?
Who are the distributors, traders, and dealers of the Smart Hospitality Management market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Smart Hospitality Management Industry?
What are sales, revenue, and price analysis by regions of Smart Hospitality Management industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

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

So let's put our minds together. We'll make your vision a reality and help you grow.

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 enables us to determine greater insights by eliminating the research costs.

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