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Global Smart Hospitality Market – by Hotel Type, Software, Services, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)

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Global Smart Hospitality Market – by Hotel Type, Software, Services, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)

Publisher Markgene Pages 104 Format PDF
Publish Date February, 2019 Report ID MAMR52143154

Smart hospitality refers to the use of smart solutions and technology in hospitality to enhance the customer’s services. Smart hospitality helps customers to control the room environment remotely. Smart hospitality provides HD free-to-guest channels, Interactive TV, IPTV services and Wi-Fi for hotels. The global smart hospitality market will reach 22.83 billion USD by 2025 from 6.94 billion USD in 2018 at a CAGR of 18.54% during the period.

Growth by Region

Asia Pacific will grow at a significant rate due to the adoption of technologies related to smart hospitality. Europe dominates the market owing to technological innovations, robust internet infrastructure and increasing adoption of IOT. North America also has major share in the market due to availability of advanced technologies.

Drivers vs Constraints

The rising demand for optimized guest experience, lower operational costs is driving the market growth. The need of IOT technologies for hotel operation management, security and energy management in hospitality is driving the market growth. On the other hand, the high implementation cost and lack of skilled professionals is restraining the market. 

Industry Trends and Updates

Everett launched Savvy SmartMirror, touch and voice activated, are helping to redefine the hotel guest experience.

NCR Corporation announced its Internet of Things (IoT)-enabled managed services capabilities, together with PTC, which helps hospitality optimize the availability and security of consumer interaction technologies, including self-service and mobile channels

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Regional analysis
Segmentation analysis
Industry outlook
Competitive landscape
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