Press release
Smart Hospitality Market at a CAGR of 22% with Major Players - Huawei Technologies Co., IBM, Siemens AG, Oracle Corporation, Honeywell International Inc, Cisco Systems, Inc, Johnson Controls and Others.
The Global Smart Hospitality Market is Projected to grow USD $133.7 billion, at a CAGR of 22.00% to the forecast 2031, Digital in-room entertainment systems enable hotels to enhance guest experiences and boost revenue through smart hospitality initiatives. Many hospitality brands have the capability to tailor and customize both their backend and frontend solutions, thereby offering a more unique traveler experience. This customization enhances guest satisfaction and loyalty while also providing opportunities for additional income generation for hotels.Get Free Sample Report@ https://www.theresearchinsights.com/request_sample.php?id=559150
The market for smart hospitality is experiencing growth driven by several factors. Firstly, the expansion of tourism and increased investments in hotel projects are driving demand. Secondly, there is a surge in the need for real-time optimized guest experience management, further fueling market growth. Additionally, the rapid adoption of advanced technologies such as IoT and energy management systems on a global scale contributes to this growth.
Some of the major players operating in the smart hospitality market are:
Oracle (US)
Infor. (US)
Winhotel Solution SL (Spain)
BuildingIQ (US)
NEC Corporation (Japan)
Huawei Technologies Co., Ltd. (China)
IBM (US)
Honeywell International Inc. (US)
WiSuite (US)
Cisco Systems, Inc. (US)
Siemens (US)
Schneider Electric (France)
Johnson Controls (Ireland)
Qualsoft Systems Pvt. Ltd. (India)
SAMSUNG (South Korea)
BLAZON HOTELS (UAE)
Smart Hospitality Market Segmentation:
By Type:
Services
Software
By Application:
Cruise
Luxury Yachts
Hotels
Others
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Smart Hospitality Market Dynamics
Rise in the Demand for Real-Time
Rise in Adoption of Lot and Energy Management Systems
Technological Advancements
In a recent development, the InterContinental Hotels Group announced its plans for expanding its enthusiastic hotel brand in 2019. The expansion entails the creation of a 95-room hotel equipped with cutting-edge entertainment technologies, aimed at delivering a unique and exceptional experience for guests. With a focus on introducing numerous new features, this initiative promises to offer visitors a delightful and memorable stay at the hotel.
Regions Covered in the Global Smart Hospitality Market:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East, Africa and rest of the world
Key Report Highlights:
The report provides a comprehensive overview of market size, growth drivers, and trends, This information can help businesses to make informed decisions about their strategies.
The report provides a competitive analysis of the Smart Hospitality, which can help businesses to identify their strengths & weaknesses to the competitors.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global Smart Hospitality outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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