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Global Smart Hospitality Market Size study with COVID-19 Impact, by Software (Hotel Operation Management System, Hotel Building Automation System, Integrated Communication Technology Solutions, Guest Service Management System), Service (Professional, Managed), Hotel Type (Business, Heritage & Boutique, Resorts & Spas) and Regional Forecasts 2020-2026

  • BIZ3848326
  • 200 Pages
  • May 2020
  • Tourism and Lifestyle
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Global Smart Hospitality Market is valued approximately USD 11.43 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.21 % over the forecast period 2019-2026. Smart hospitality involves the use of advanced technologies to aid the hospitality industry. These he automated software and smart solutions can help customers to plan trips, book hotels rooms according to their choice. This has brought a revolution in the hospitality sector. As with the growing penetration of connected devices and rising use of smart phones access to these smart solutions becomes easy driving the market towards growth. Furthermore, customers prefer to pre-plan, pre-book their travel and hotels which is done easily through these solutions. Hence growing adoption of smart phones have propelled market players to adopt Smart Hospitality solutions. Moreover, surging demand for real time optimized guest experience management further fuels the market growth. As with the shift of the market towards customer satisfaction, the need to cater to customer needs on time is increasing which can be done through the use of these smart and real time solutions. However, high initial cost of deployment and limited availability impedes the growth of the market over the forecast period of 2020-2026. Further, the spread of the COVID-19 has brought a large scale disruption in the tourism market. As with the surging pandemic travel restrictions have been imposed by governments since January 2020 across the globe to stop the spread of the disease. This has closed majority of the tourist places across the globe. As per the report by the World Tourism Organization, 96% of all worldwide destinations have introduced travel restrictions in response to the pandemic as of as of 6 April, 2020.Of these around 90 destinations are completely or partially closed for tourists. This restriction on travel and tourist places have brought a steep decline in the bookings and check in in hotels.

The regional analysis of global Smart Hospitality market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid adoption of technology and presence of major market player in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income and growing living standards coupled with high demand for smart phones would create lucrative growth prospects for the Smart Hospitality market across Asia-Pacific region.

Major market player included in this report are:

Schneider Electric SE (Rueil-Malmaison, France)

Siemens AG (Munich, Germany)

IBM Corporation (New York, U.S.)

BuildingIQ (California, U.S.)

Honeywell International Inc. (New Jersey, U.S.)

Winhotel Solutions (Balearic Islands, Spain)

Cisco Systems, Inc. (San Jose, U.S.)

Oracle Corporation (California, U.S.)

Huawei Technologies Co. Ltd (Shenzhen, China)

Johnson Controls International plc (Wisconsin, U.S.)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Software:

Hotel Operation Management System

Hotel Building Automation System

Integrated Communication Technology Solutions

Guest Service Management System

By Service:

Professional

Managed

By Hotel Type:

Business

Heritage & Boutique

Resorts & Spas

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 20198

Forecast period – 2020 to 2026

Target Audience of the Global Smart Hospitality Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)

1.2.1. Smart Hospitality Market, by Region, 2018-2026 (USD Billion)

1.2.2. Smart Hospitality Market, by Software, 2018-2026 (USD Billion)

1.2.3. Smart Hospitality Market, by Service, 2018-2026 (USD Billion)

1.2.4. Smart Hospitality Market, by Hotel Type, 2018-2026 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Smart Hospitality Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Smart Hospitality Market Dynamics

3.1. Smart Hospitality Market Impact Analysis (2018-2026)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Smart Hospitality Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Hospitality Market, by Software

5.1. Market Snapshot

5.2. Global Smart Hospitality Market by Software, Performance - Potential Analysis

5.3. Global Smart Hospitality Market Estimates & Forecasts by Software 2016-2026 (USD Billion)

5.4. Smart Hospitality Market, Sub Segment Analysis

5.4.1. Hotel Operation Management System

5.4.2. Hotel Building Automation System

5.4.3. Integrated Communication Technology Solutions

5.4.4. Guest Service Management System

Chapter 6. Global Smart Hospitality Market, by Service

6.1. Market Snapshot

6.2. Global Smart Hospitality Market by Service, Performance - Potential Analysis

6.3. Global Smart Hospitality Market Estimates & Forecasts by Service 2016-2026 (USD Billion)

6.4. Smart Hospitality Market, Sub Segment Analysis

6.4.1. Professional

6.4.2. Managed

Chapter 7. Global Smart Hospitality Market, by Hotel Type

7.1. Market Snapshot

7.2. Global Smart Hospitality Market by Hotel Type, Performance - Potential Analysis

7.3. Global Smart Hospitality Market Estimates & Forecasts by Hotel Type 2016-2026 (USD Billion)

7.4. Smart Hospitality Market, Sub Segment Analysis

7.4.1. Business

7.4.2. Heritage & Boutique

7.4.3. Resorts & Spas

Chapter 8. Global Smart Hospitality Market, Regional Analysis

8.1. Smart Hospitality Market, Regional Market Snapshot

8.2. North America Smart Hospitality Market

8.2.1. U.S. Smart Hospitality Market

8.2.1.1. Software breakdown estimates & forecasts, 2016-2026

8.2.1.2. Service breakdown estimates & forecasts, 2016-2026

8.2.1.3. Hotel Type breakdown estimates & forecasts, 2016-2026

8.2.2. Canada Smart Hospitality Market

8.3. Europe Smart Hospitality Market Snapshot

8.3.1. U.K. Smart Hospitality Market

8.3.2. Germany Smart Hospitality Market

8.3.3. Rest of Europe Smart Hospitality Market

8.4. Asia-Pacific Smart Hospitality Market Snapshot

8.4.1. China Smart Hospitality Market

8.4.2. India Smart Hospitality Market

8.4.3. Japan Smart Hospitality Market

8.4.4. Rest of Asia Pacific Smart Hospitality Market

8.5. Latin America Smart Hospitality Market Snapshot

8.5.1. Brazil Smart Hospitality Market

8.5.2. Mexico Smart Hospitality Market

8.6. Rest of The World Smart Hospitality Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Schneider Electric SE (Rueil-Malmaison, France)

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Siemens AG (Munich, Germany)

9.2.3. IBM Corporation (New York, U.S.)

9.2.4. BuildingIQ (California, U.S.)

9.2.5. Honeywell International Inc. (New Jersey, U.S.)

9.2.6. Winhotel Solutions (Balearic Islands, Spain)

9.2.7. Cisco Systems, Inc. (San Jose, U.S.)

9.2.8. Oracle Corporation (California, U.S.)

9.2.9. Huawei Technologies Co., Ltd (Shenzhen, China)

9.2.10. Johnson Controls International plc (Wisconsin, U.S.)

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

TABLE 1. List of secondary sources, used in the study of global Smart Hospitality market

TABLE 2. List of primary sources, used in the study of global Smart Hospitality market

TABLE 3. Global Smart Hospitality market, report scope

TABLE 4. Years considered for the study

TABLE 5. Exchange rates considered

TABLE 6. Global Smart Hospitality market estimates & forecasts by region 2016-2026 (USD billion)

TABLE 7. Global Smart Hospitality market estimates & forecasts by Software 2016-2026 (USD billion)

TABLE 8. Global Smart Hospitality market estimates & forecasts by Service 2016-2026 (USD billion)

TABLE 9. Global Smart Hospitality market estimates & forecasts by Hotel Type 2016-2026 (USD billion)

TABLE 10. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 11. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 12. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 13. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 14. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 15. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 16. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 17. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 18. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 19. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 20. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 21. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 22. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 23. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 24. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 25. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 26. Global Smart Hospitality market by segment, estimates & forecasts, 2016-2026 (USD billion)

TABLE 27. Global Smart Hospitality market by region, estimates & forecasts, 2016-2026 (USD billion)

TABLE 28. U.S. Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 29. U.S. Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 30. U.S. Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 31. U.S. Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 32. Canada Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 33. Canada Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 34. Canada Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 35. Canada Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 36. UK Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 37. UK Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 38. UK Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 39. UK Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 40. Germany Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 41. Germany Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 42. Germany Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 43. Germany Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 44. RoE Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 45. RoE Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 46. RoE Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 47. RoE Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 48. China Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 49. China Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 50. China Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 51. China Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 52. India Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 53. India Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 54. India Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 55. India Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 56. Japan Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 57. Japan Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 58. Japan Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 59. Japan Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 60. RoAPAC Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 61. RoAPAC Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 62. RoAPAC Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 63. RoAPAC Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 64. Brazil Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 65. Brazil Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 66. Brazil Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 67. Brazil Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 68. Mexico Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 69. Mexico Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 70. Mexico Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 71. Mexico Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 72. RoLA Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 73. RoLA Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 74. RoLA Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 75. RoLA Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 76. RoW Smart Hospitality market estimates & forecasts, 2016-2026 (USD billion)

TABLE 77. RoW Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 78. RoW Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

TABLE 79. RoW Smart Hospitality market estimates & forecasts by segment 2016-2026 (USD billion)

 
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