Press release
North America Smart Hospitality Market to Grow at 29% CAGR, Driven by AI, IoT, and Cloud Innovations | Major Mergers & Acquisitions 2025
Smart Hospitality Market
DataM Intelligence has released its latest report on the Smart Hospitality Market 2025, offering comprehensive insights into industry trends, growth drivers, opportunities, and emerging challenges. Designed to empower businesses with actionable intelligence, the report combines in-depth qualitative and quantitative analysis to deliver a clear understanding of the market landscape.
Mergers & Acquisitions:
Honeywell & Avidbots Partnership Expansion: Honeywell expanded its smart building and automation portfolio by acquiring select assets of Avidbots, a robotics company, in 2024 to enhance intelligent automation in hotels and resorts.
Oracle & Hotel Management Solutions Acquisition: Oracle acquired a cloud-based hotel management platform in 2023, strengthening its cloud and AI-driven offerings for the hospitality sector globally.
Samsung & Smart Hospitality Startups Investment: Samsung invested in multiple IoT and smart hospitality startups in 2024 to integrate connected devices and AI-driven guest experience solutions into its ecosystem.
Accor & Cloud-Based Platform Takeover: Accor Group acquired a cloud-based property management system in Europe in 2023 to optimize operational efficiency and deliver a seamless guest experience across its hotels.
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The Smart Hospitality Market refers to the integration of advanced technologies such as IoT, AI, cloud computing, and automation into hotels, resorts, and other hospitality services to enhance operational efficiency, optimize guest experiences, and enable real-time data-driven decision-making. Smart solutions include intelligent room management, automated check-ins, predictive maintenance, energy optimization, and personalized guest services, supporting both sustainability and superior service delivery.
List of the Key Players in the Smart Hospitality Market:
Schneider Electric, Siemens AG, IBM Corporation, Honeywell International, Cisco Systems, Oracle Corporation, Huawei Technologies, Johnson Controls, NEC Corporation, and Infor, Inc.
Key Development:
AI-Powered Guest Experience Platforms: In 2024, Marriott International deployed AI-driven platforms across 50+ properties in North America, enhancing personalized guest recommendations and automating concierge services.
IoT Integration in Hotels: Hilton Hotels completed IoT-based smart room installations in 120 properties worldwide in 2024, enabling guests to control lighting, temperature, and entertainment via mobile apps.
Robotics & Automation Adoption: In 2023, Accor Group introduced robotic room service and automated cleaning solutions in 80 hotels across Europe and Asia, improving operational efficiency and reducing labor costs by ~15%.
Cloud-Based Property Management Systems: In 2024, IHG Hotels launched a cloud-based PMS across 200 properties globally, allowing real-time data analytics for operational optimization and guest experience enhancement.
Sustainable Smart Solutions: Hyatt implemented energy-efficient smart building systems in 60 properties in 2023, reducing energy consumption by an estimated 18% per property annually.
Growth Forecast Projected:
The Global Smart Hospitality Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Smart Hospitality Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Market Segmentation:
By Type (Software, Hotel operation management system, Integrated security system, Hotel building automation system, Guest service management system, Integrated communication technology solutions, Service, Professional Service, Consulting service, System integration and deployment, Support and maintenance, Managed service)
By Hostel Type (Business Hotel, Heritage and Boutique Hotel, Resorts and Spas, Others),
By Deployment Model (On-Demand, On-Premise)
By Application (Hotels, Cruise, Luxury Yachts, Others)
Regional Analysis for Smart Hospitality Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Outlines the scope of the report and presents an executive summary of different market segments, categorized by region, product type, and application. It highlights the market size of each segment, future growth potential, and offers a clear snapshot of the current market status along with projections for short-, mid-, and long-term developments.
Chapter 2: Shares key insights and highlights emerging trends shaping the industry, helping readers understand the forces driving market transformation.
Chapter 3: Delivers a detailed competitive analysis of leading Smart Hospitality manufacturers. It explores revenue shares, competitive positioning, latest strategic initiatives, mergers, and acquisitions.
Chapter 4: Profiles top market players, providing an in-depth look at company performance including product portfolios, revenue streams, gross margins, and recent innovations.
Chapters 5 & 6: Present regional and country-level revenue analysis, offering quantitative insights into market size, growth opportunities, and development potential. These chapters map out the global landscape and highlight future opportunities across key markets.
Chapter 7: Examines the market by Type, uncovering growth potential in each segment and helping readers opportunities.
Chapter 8: Focuses on the market by Application, showcasing development prospects in downstream markets and pointing toward high-growth areas for expansion.
Chapter 9: Analyzes the industry value chain, shedding light on both upstream suppliers and downstream applications to provide a holistic market perspective.
Chapter 10: Concludes with the report's key findings and actionable insights, giving businesses a strategic roadmap to capitalize on growth opportunities and maintain a competitive edge.
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People Also Ask:
Q: How fast is the Smart Hospitality Market growing?
A: The Smart Hospitality Market is expected to grow at a robust CAGR of 29 % during 2024-2031, This growth trajectory positions the market as a key space for investors and businesses seeking competitive advantage.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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