Dublin, Jan. 30, 2023 (GLOBE NEWSWIRE) — “An analysis report on the size, share and industry trends of the global smart hotel market” by product, deployment models (cloud and on-premises), end users (hotels, cruise lines, luxury brands). Hotels) Yachting), “By Region and Forecast, 2022-2028″ has been added to ResearchAndMarkets.com’s offering. The global smart hotel market size is expected to reach US$58.3 billion by 2028, with the market growing at a CAGR of 28.4% during this period. forecast period Smart Hotel is a new technology used in hotels and other accommodation facilities that uses Internet-connected devices that can communicate or communicate with each other. It is similar to the Internet of Things (IoT), which allows for extremely high power devices or devices. common in hotels to send and receive data and make smart decisions.
Benefits of smart hotel technology include improved guest safety through alerts and mobilization, high-speed Wi-Fi, voicemail and guest wake-up, booking solutions for operator and guests, increased staff mobility, and voicemail for operator and guest and wake-up. One of the main drivers of India’s service sector expansion is the tourism and hospitality industry. India’s tourism industry has a bright future ahead of it, given the country’s immense natural beauty, diverse environment and rich cultural and historical heritage. Like many other countries, India relies heavily on tourism as a source of foreign exchange. According to the India Brand Equity Foundation, foreign exchange earnings grew at a CAGR of 7% between 2016 and 2019, but declined in 2020 due to the COVID-19 pandemic. Additionally, by knowing that a Facebook user indicates their marital status, Google can more accurately tailor its search engine advertising to that user.
To make hotel visitors feel satisfied and special, this specific data can also be used to provide them with services personalized according to their needs. The IoT platform can remember a visitor’s various comfort preferences and then automatically adjust the room’s lighting, temperature, curtains and TV channels for their next stay. To make visitors feel unique, the TV can even greet them by name when they enter the room. COVID-19 Impact Analysis The negative economic impacts of COVID-19 have forced some people to work from home. The government-imposed quarantine forced hospitality businesses, including hotels, resorts, restaurants, spas and casinos, to temporarily cease operations. For a short period, restrictions on travel and tourism forced the hotel industry to close its doors.
In addition, the number of international arrivals has dropped significantly due to travel restrictions. As a result, the hospitality industry lost revenue, with many hotels, fast food restaurants and spas closing permanently. Market growth factors
5G penetration in the hospitality industry continues to grow. Thanks to new digital tools and platforms, hoteliers continue to look for ways to optimize the guest experience. With 5G, operators will be able to revolutionize their products and services by delivering advanced services indoors and between sites.
5G has the potential to drive digital transformation in the hospitality industry by providing the fundamental foundation that connects wireless devices, applications and people. With 5G technology, hoteliers will be able to communicate more effectively with customers and learn more about their travel experiences. There is an increasing emphasis on personalized service to provide a better customer experience. Hoteliers can create strong, value-based connections with each guest and increase the likelihood that they will leave a positive review by providing a more personalized travel experience.
In addition to generating revenue, creating a unique visitor experience can improve brand reputation and customer loyalty. New smart hotel solutions allow hoteliers to gain data-driven insights and actions that can be used to create a 360-degree view of each visitor and improve their experience by improving the customer experience. market restrictions
Expensive to deploy, maintain and train. Complex and advanced hotel systems such as Property Management Systems (PMS), Guest Experience Management Systems, etc. are costly to deploy, whether they are installed physically or online. Budgetary constraints may make it difficult to install smart hotel solutions for any hotel as the hotel industry is still recovering from massive financial losses related to the pandemic.
Most hotels that use smart hotel technology find that it is also very expensive to maintain. Deployment costs depend primarily on the complexity and sophistication of the system or service.
Key Topics: Chapter 1. Market Size and Methodology Chapter 2. Market Overview 2.1 Introduction 2.1.1 Overview 2.1.1.1 Market Composition and Scenarios 2.2 Key Factors Impacting the Market 2.2.1 Market Drivers 2.2.2 Market Constraints Chapter Chapter 3. Competition Analysis – Global 3.1 Cardinality Matrix 3.2 Latest Industry-Wide Strategic Developments 3.2.1 Partnerships, Collaborations and Agreements 3.2.2 Product Launches and Product Expansions 3.2.3 Acquisitions and Mergers 3.3 Top Winning Strategies 3.3.1 Key Leading Strategies: Percentage Distribution (2018) .) -2022) 3.3. 2 Key Strategic Initiatives: (Partnerships, Collaborations and Agreements: January 2020 – July 2022) Leading Players Chapter 4: Global Smart Hotel Market by Product 4.1 Global Solutions Market by Region 4.2 Global Smart Hotel Market by Solution Type 4.2 .1 Global Property Management Systems Market by Region 4.2.2 Global Guest Experience Management Systems Market by Region 4.2.3 Global Integrated Security Management Market by Region 4.2.4 Global Facilities Management Software Market by Region 4.2.5 Global Property Management Software Market by Region Network Management by Region 4.2.6 Global Point of Sales Software Market by Region 4.3 Global Services Market by Region Chapter 5. Global Intelligence by Deployment Mode Hotel Market 5.1 Global Cloud Market by Region 5.2 Global Local Market by Region Chapter 6. Global Market Smart Hotels by End User 6.1 Global Hotel Market by Region 6.2 Global Cruise Ship Market by Region 6.3 Global Luxury Yacht Market by Region 6.4 Global Other Market by Region Chapter 7 Global Smart Hotel Market by Region Chapter 8 Company Profile 8.1 NEC Corporation 8.1 .1 Company Profile 8.1.1 Financial Analysis 8.1.2 Market Segments and Regions Analysis 8.1.3 Research and Development Costs 8.1.4 Short-Term Strategies and Developments: 8.1.4.1 Partnerships, Collaborations and Agreements: 8.1.4.2 Product Launches and Product Expansion : 8.1.4.3 Acquisitions and mergers: 8.2 Huawei Technologies Co., Ltd. 8.2.1 Company Overview8.2.2 Financial Analysis8.2.3 Segment and Regional Analysis8.2.4 Research and Development Expenditure8.2.5 Latest Strategy and Development:8.2.5.1 Partnerships, Collaborations and Agreements:8.3 Oracle Corporation8.3.1 Company Profile8.3.2 Financial Analysis8.3 .3 Segment and Region Analysis 8.3.4 Research and Development Costs 8.3.5 SWOT Analysis 8.4 Samsung Electronics Co., Ltd. (Samsung Group) 8.4.1 Company Profile 8.4.2 Financial Analysis 8.4.3 Segment and Region Analysis 8.4.4 Research and Development Expenditure 8.4.5 Recent Strategy and Development: 8.4.5.1 Partnerships, Collaborations and Agreements: 8.4.6 SWOT -analysis 8.5 IBM Corporation 8.5.1 Company profile 8.5.2 Financial analysis 8.5.3 Regional and segment analysis 8.5.4 Research and development costs 8.5.5 Short-term strategy and development: 8.5.5.1 Partnerships, collaborations and agreements: 8.5.6 SWOT Analysis 8.6 Cisco Systems, Inc. 8.6.1 Company profile 8.6.2 Financial analysis 8.6.3 Regional analysis 8.6.4 Research and development expenses 8.6 .5 SWOT analysis 8.7 Siemens AG8 .7.1 Company profile 8.7.2 Financial analysis 8.7.3 Segment and regional analysis 8.7. 4 Research and Development Expenditure 8.7.5 Recent Strategies and Developments: 8.7.5.1 Partnerships, Collaborations and Agreements: 8.7.6 SWOT Analysis 8.8 Johnson Controls International PLC 8.8.1 Company Profile 8.8.2 Financial Analysis 8.8.3 Market Segment and regional analysis 8.8.4 R&D Expenditures 8.8.5 Recent Strategies and Developments: 8.8.5.1 Partnerships, Collaborations and Agreements: 8.8 .5.2 Acquisitions and Mergers: 8.9 Honeywell International Inc. 8.9. 1 Company Profile 8.9.2 Financial Analysis 8.9.3 Segment and Regional Analysis 8.9.4 Research and Development Expenses 8.9.5 Recent Strategy and Development: 8.9.5.1 Partnerships, Collaborations and Agreements: 8.9.6 SWOT Analysis 8.10. Legrand SA8.10.1 Company Profile8.10.2 Financial Analysis8.10.3 Regional Analysis8.10.4 Research and Development Expenditure8.10.5 Latest Strategy and Development:8.10.5.1 Product Launches and Product Expansion:8.10.5.2 Acquisitions and Mergers:
Post time: May-24-2024
