Smart Hospitality Market - Global Industry Analysis

Smart Hospitality Market By Offering (Solution, Services), By Deployment Mode (Cloud, On-Premises), By End User (Hotel, Cruise, Luxury Yatches, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 17-Aug-2022 Category: Healthcare Report Format : PDF Pages: 288 Report Code: ZMR-6633 Status : Published

The global smart hospitality market size was worth USD 12,836.20 million in 2021 and is estimated to grow to USD 60,261.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 29.40 percent over the forecast period.

Description

Smart Hospitality Market Size And Industry Analysis

The global smart hospitality market size was worth USD 12,836.20 million in 2021 and is estimated to grow to USD 60,261.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 29.40 percent over the forecast period. The report analyzes the smart hospitality market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the smart hospitality market.

Smart Hospitality Market: Overview

Modern hardware and software are used in hotels that practice "smart hospitality" to reduce workloads and keep prices down for all properties. Smart hotels typically make use of artificial intelligence and the internet of things. Smart hotels are developed by combining big data and the internet of things, which helps save operating expenses. The power of the IoT for hotels can be seen in the variety of jobs guests may accomplish on their cellphones. In addition to controlling the temperature, smart hotel guests can also check in and out and order room service.

The business's managers also use IoT to discover the most popular services, improve internal processes, and better understand the demands of their customers. Using big data management tools, smart hotels could improve. Smart hotels may improve their services while lowering costs by utilizing big data management systems. They can more effectively handle bookings and cancellations and boost hotel occupancy in line with the tourist season. As there is a growing need for real-time guest experience management, it is driving the market's expansion. Also expected to offer potential chances for the expansion of the smart hospitality market in the upcoming years are the evolving cloud-based IoT systems.

Global Smart Hospitality Market

COVID-19 Impact:

The COVID-19 outbreak has significantly impacted the global smart hospitality market. The disease's impacts are already being seen globally, and the smart hotel industry is expected to suffer significantly. Governments all across the world have banned domestic and international travel and shut down international crossings, which has hurt the hospitality sector. The COVID-19 epidemic has made visitors scared. People have postponed their personal and professional trips as a result, which is straining the hospitality sector. However, the easing of travel restrictions is anticipated to have a considerable negative impact on the smart hospitality sector, while the return of flights is anticipated to stimulate market growth.

Key Insights

  • As per the analysis shared by our research analyst, the global smart hospitality market value will grow at a CAGR of 29.40% over the forecast period.
  • In terms of revenue, the global smart hospitality market size was valued at around USD 12,836.20 million in 2021 and is projected to reach USD 60,261.8 million by 2028.
  • The growing technological advancements in the hospitality industry and the growing need for cost-effective solutions are the major factors driving the market's growth.
  • By offering, the solution category dominated the market in 2021.
  • By deployment mode, the cloud deployment mode dominated the market in 2021.
  • Europe dominated the global smart hospitality market in 2021.

Smart Hospitality Market: Growth Drivers

An increase in hospitality technological advancements to drive market growth

New smart hospitality solutions give hoteliers access to data-backed insights and behavior that can create a 360-degree perspective of every visitor and improve their experience through better customer care. Hoteliers can access a dashboard with organized data from all sources, which not only curates a personalized view of each guest but also helps to counterbalance operational load with the aid of integrated digital platforms like Property Management System (PMS) and Customer Relationship Management (CRM). Additionally, this lowers hotel operating expenses and boosts guest retention rates, improving brand positioning. Hotels now also benefit by offering a mobile-centric guest experience that improves the guest's convenience and self-service, hence increasing the global smart hospitality market's demand.

Smart Hospitality Market: Restraints

High expense of implementation, upkeep, and training to hinder market expansion

Most hotels using smart hospitality technologies found that maintaining them was expensive. However, the cost of deployment is typically correlated with difficulty in its application integration. Most property management systems have a straightforward pricing structure with a few exceptions. These exceptions include add-on modules, training fees, and API access. A commission percentage on direct new reservations, setup and maintenance fees, and an interface fee for third-party connections may occasionally be added on top of the monthly price schedule. Pay-per-room is the most often used business model for hotel management software. A greater number of rooms leads to a higher price per tier. Some solution providers may also charge a one-time setup cost; this acts as a restraint for the market growth.

Smart Hospitality Market: Opportunity

5G evolution will change the smart hospitality sector offering growth prospects

With new digital tools and platforms, hotel owners continually look for methods to streamline the guest experience. Operators may be able to completely transform their offers with cutting-edge in-room and cross-facility services thanks to 5G. By providing the fundamental framework for tying together wireless devices, applications, and people, 5G can propel digital transformation in the hospitality sector. Hotel owners should be able to communicate with their customers more effectively and learn more about their journeys thanks to 5G technology. With the use of 5G and ancillary technologies like edge computing, visitors can proactively receive recommendations and travel tips specifically tailored to their tastes; this could be new technology for the global smart hospitality market.

Smart Hospitality Market: Challenges

Challenges to data security and information sharing

Guest preferences and personal information are included in smart hospitality solutions. Any data leaking may have legal repercussions and doubt the hotel brand's integrity. Information exchange across organizations has long been hampered by several obstacles, including intra- and inter-organizational conflicts, technical difficulties, etc. The application of smart hotel big data for the industry might be hampered by inter-organizational problems such as a lack of confidence in the new system and disclosure of corporate data to competitors. Any ecosystem participants' worries may reduce their desire to provide data to the hospitality big data and hence acts as a challenge.

Smart Hospitality Market: Segmentation

The global smart hospitality market has been segmented into the offering, deployment mode, and end user.

Solutions and services are segments of the global smart hospitality market based on offering. This part is further divided into systems for managing emergencies, controlling access, and conducting video surveillance. These technologies aid in improving the hotels' entire security system. The hotel owners are choosing these security solutions to provide the best services possible to their guests because they are essential to enhance their stay by enhancing the overall security of the hospitality industry. Additionally, this has a favorable impact on consumer satisfaction levels. Therefore, during the projected period, these aspects encourage market participants to introduce cutting-edge goods and hotel owners to embrace such solutions.

Based on deployment mode, the market is classified into cloud and on-premises. The move from on-premise to cloud is largely attributed to the growing adoption of IoT and new, creative digital infrastructure solutions in the hospitality industry. The next-generation Oracle Hospitality OPERA Cloud Property Management (PMS) was chosen in May 2021 by Wyndham Hotels & Resorts to speed up the digital transformation of these hotels and resorts. Therefore, the elements above will propel this market's expansion from 2022 to 2027.

Based on end-user, the global smart hospitality market is segmented into hotels, cruises, luxury yatches, and others.

Recent Developments

  • May 2022: Oracle and Orient Jakarta worked together to create a property management system in May 2022. Due to travel restrictions, the solution enhanced their online presence in the COVID-19 circumstance and provided staff training remotely using Oracle Digital Learning tools.
  • September 2021: Infor Hospitality Management Solution (HMS) version 3.8.4 is a fully cloud-enabled hotel management solution that became available in September 2021. Because Infor HMS is readily available in real-time, hotels can quickly customize a smooth and frictionless experience while still keeping up with modern guests' hectic lifestyles and schedules.
  • November 2019: The debut of a new generation of location intelligence technology for hotels, known as Guest IQ, was announced by Arrivals, the top location intelligence platform, in November 2019. By tracking all of the visitors' combined movements in real-world settings, this platform uses a variety of mobile location datasets to add behavioral context to existing insight tools.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Smart Hospitals Market: Regional Landscape

Europe dominated the global smart hospitality market in 2021

According to the TOPHOTELPROJECTS construction database, 42 new hotels will open in the Netherlands over the next few years, including 17 by the end of 2021, 9 by the end of 2022, and 8 by the end of 2023, and another 8 projects by the end of 2024. The hospitality industry's growing demand for contactless solutions and the IoT's high penetration rate incentivizes hotels to use this technology. The Louvre Hotels Group announced the expansion of its technological brand "Smart Inside" throughout Europe in June 2021. This technology delivers over 20 cutting-edge services to hotel guests for a better stay. Such changes will fuel this industry's expansion.

Smart Hospitality Market: Competitive Landscape

Some of the main competitors dominating the global smart hospitality market include- Huawei, NEC, Cisco, Schneider Electric, IBM, Legrand, Honeywell, Oracle, Siemens AG, Samsung, Johnson Controls, Infor, Sabre, Leviton, Springler-Miller Systems, Gloabal Business Solutions, Control4, Hospitality Network, Wisuite, Guestline, Cloudbeds, Qualsoft Systems, Frontdesk Anywhere, Chris Lewis Group, BuildingIQ, Stayntouch, Xie Zhu (China)

Global Smart Hospitality Market is segmented as follows:

By Offering

  • Solution
  • Services

By Deployment mode

  • Cloud
  • On-premises

By End user

  • Hotel
  • Cruise
  • Luxury yatches
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Smart Hospitality Market, (2022 - 2028) (USD Million)
    • 2.2 Global Smart Hospitality Market : snapshot
  • Chapter 3. Global Smart Hospitality Market - Industry Analysis
    • 3.1 Smart Hospitality Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 An increase in hospitality technological advancements to drive market growth
    • 3.3 Market Restraints
      • 3.3.1. High expense of implementation
      • 3.3.2. upkeep
      • 3.3.3. and training to hinder market expansion
    • 3.4 Market Opportunities
      • 3.4.1. 5G evolution will change the smart hospitality sector offering growth prospects
    • 3.5 Market Challenges
      • 3.5.1. Challenges to data security and information sharing
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Offering
      • 3.7.2 Market attractiveness analysis By Deployment mode
      • 3.7.3 Market attractiveness analysis By End user
  • Chapter 4. Global Smart Hospitality Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Smart Hospitality Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Smart Hospitality Market - Offering Analysis
    • 5.1 Global Smart Hospitality Market overview: By Offering
      • 5.1.1 Global Smart Hospitality Market share, By Offering, 2021 and 2028
    • 5.2 Solution
      • 5.2.1 Global Smart Hospitality Market by Solution, 2022 - 2028 (USD Million)
    • 5.3 Services
      • 5.3.1 Global Smart Hospitality Market by Services, 2022 - 2028 (USD Million)
  • Chapter 6. Global Smart Hospitality Market - Deployment mode Analysis
    • 6.1 Global Smart Hospitality Market overview: By Deployment mode
      • 6.1.1 Global Smart Hospitality Market share, By Deployment mode, 2021 and 2028
    • 6.2 Cloud
      • 6.2.1 Global Smart Hospitality Market by Cloud, 2022 - 2028 (USD Million)
    • 6.3 On-premises
      • 6.3.1 Global Smart Hospitality Market by On-premises, 2022 - 2028 (USD Million)
  • Chapter 7. Global Smart Hospitality Market - End user Analysis
    • 7.1 Global Smart Hospitality Market overview: By End user
      • 7.1.1 Global Smart Hospitality Market share, By End user, 2021 and 2028
    • 7.2 Hotel
      • 7.2.1 Global Smart Hospitality Market by Hotel, 2022 - 2028 (USD Million)
    • 7.3 Cruise
      • 7.3.1 Global Smart Hospitality Market by Cruise, 2022 - 2028 (USD Million)
    • 7.4 Luxury yatches
      • 7.4.1 Global Smart Hospitality Market by Luxury yatches, 2022 - 2028 (USD Million)
    • 7.5 Others
      • 7.5.1 Global Smart Hospitality Market by Others, 2022 - 2028 (USD Million)
  • Chapter 8. Smart Hospitality Market - Regional Analysis
    • 8.1 Global Smart Hospitality Market Regional Overview
    • 8.2 Global Smart Hospitality Market Share, by Region, 2021 & 2028 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Smart Hospitality Market, 2022 - 2028 (USD Million)
        • 8.3.1.1 North America Smart Hospitality Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 North America Smart Hospitality Market, by Offering, 2022 - 2028
      • 8.4.1 North America Smart Hospitality Market, by Offering, 2022 - 2028 (USD Million)
    • 8.5 North America Smart Hospitality Market, by Deployment mode, 2022 - 2028
      • 8.5.1 North America Smart Hospitality Market, by Deployment mode, 2022 - 2028 (USD Million)
    • 8.6 North America Smart Hospitality Market, by End user, 2022 - 2028
      • 8.6.1 North America Smart Hospitality Market, by End user, 2022 - 2028 (USD Million)
    • 8.4. Europe
      • 8.4.2 Europe Smart Hospitality Market, 2022 - 2028 (USD Million)
        • 8.4.2.1 Europe Smart Hospitality Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Europe Smart Hospitality Market, by Offering, 2022 - 2028
      • 8.4.1 Europe Smart Hospitality Market, by Offering, 2022 - 2028 (USD Million)
    • 8.5 Europe Smart Hospitality Market, by Deployment mode, 2022 - 2028
      • 8.5.1 Europe Smart Hospitality Market, by Deployment mode, 2022 - 2028 (USD Million)
    • 8.6 Europe Smart Hospitality Market, by End user, 2022 - 2028
      • 8.6.1 Europe Smart Hospitality Market, by End user, 2022 - 2028 (USD Million)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Smart Hospitality Market, 2022 - 2028 (USD Million)
        • 8.5.3.1 Asia Pacific Smart Hospitality Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Asia Pacific Smart Hospitality Market, by Offering, 2022 - 2028
      • 8.4.1 Asia Pacific Smart Hospitality Market, by Offering, 2022 - 2028 (USD Million)
    • 8.5 Asia Pacific Smart Hospitality Market, by Deployment mode, 2022 - 2028
      • 8.5.1 Asia Pacific Smart Hospitality Market, by Deployment mode, 2022 - 2028 (USD Million)
    • 8.6 Asia Pacific Smart Hospitality Market, by End user, 2022 - 2028
      • 8.6.1 Asia Pacific Smart Hospitality Market, by End user, 2022 - 2028 (USD Million)
    • 8.6. Latin America
      • 8.6.4 Latin America Smart Hospitality Market, 2022 - 2028 (USD Million)
        • 8.6.4.1 Latin America Smart Hospitality Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Latin America Smart Hospitality Market, by Offering, 2022 - 2028
      • 8.4.1 Latin America Smart Hospitality Market, by Offering, 2022 - 2028 (USD Million)
    • 8.5 Latin America Smart Hospitality Market, by Deployment mode, 2022 - 2028
      • 8.5.1 Latin America Smart Hospitality Market, by Deployment mode, 2022 - 2028 (USD Million)
    • 8.6 Latin America Smart Hospitality Market, by End user, 2022 - 2028
      • 8.6.1 Latin America Smart Hospitality Market, by End user, 2022 - 2028 (USD Million)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Smart Hospitality Market, 2022 - 2028 (USD Million)
        • 8.7.5.1 The Middle-East and Africa Smart Hospitality Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 The Middle-East and Africa Smart Hospitality Market, by Offering, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Smart Hospitality Market, by Offering, 2022 - 2028 (USD Million)
    • 8.5 The Middle-East and Africa Smart Hospitality Market, by Deployment mode, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Smart Hospitality Market, by Deployment mode, 2022 - 2028 (USD Million)
    • 8.6 The Middle-East and Africa Smart Hospitality Market, by End user, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Smart Hospitality Market, by End user, 2022 - 2028 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Huawei
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 NEC
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cisco
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Schneider Electric
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 IBM
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Legrand
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Honeywell
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Oracle
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Siemens AG
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Samsung
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Johnson Controls
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Infor
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Sabre
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Leviton
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Springler-Miller Systems
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Gloabal Business Solutions
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Control4
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Hospitality Network
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Wisuite
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Guestline
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Cloudbeds
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
    • 9.22 Qualsoft Systems
      • 9.22.1 Overview
      • 9.22.2 Financials
      • 9.22.3 Product Portfolio
      • 9.22.4 Business Strategy
      • 9.22.5 Recent Developments
    • 9.23 Frontdesk Anywhere
      • 9.23.1 Overview
      • 9.23.2 Financials
      • 9.23.3 Product Portfolio
      • 9.23.4 Business Strategy
      • 9.23.5 Recent Developments
    • 9.24 Chris Lewis Group
      • 9.24.1 Overview
      • 9.24.2 Financials
      • 9.24.3 Product Portfolio
      • 9.24.4 Business Strategy
      • 9.24.5 Recent Developments
    • 9.25 BuildingIQ
      • 9.25.1 Overview
      • 9.25.2 Financials
      • 9.25.3 Product Portfolio
      • 9.25.4 Business Strategy
      • 9.25.5 Recent Developments
    • 9.26 Stayntouch
      • 9.26.1 Overview
      • 9.26.2 Financials
      • 9.26.3 Product Portfolio
      • 9.26.4 Business Strategy
      • 9.26.5 Recent Developments
    • 9.27 Xie Zhu (China)
      • 9.27.1 Overview
      • 9.27.2 Financials
      • 9.27.3 Product Portfolio
      • 9.27.4 Business Strategy
      • 9.27.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Smart Hospitality Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Smart Hospitality Market attractiveness, By Offering
  • 6. Global Smart Hospitality Market attractiveness, By Deployment mode
  • 7. Global Smart Hospitality Market attractiveness, By End user
  • 8. Global Smart Hospitality Market share by Offering, 2022 and 2028 (USD Million)
  • 9. Global Smart Hospitality Market by Solution, 2022 - 2028 (USD Million)
  • 10. Global Smart Hospitality Market by Services, 2022 - 2028 (USD Million)
  • 11. Global Smart Hospitality Market share by Deployment mode, 2022 and 2028 (USD Million)
  • 12. Global Smart Hospitality Market by Cloud, 2022 - 2028 (USD Million)
  • 13. Global Smart Hospitality Market by On-premises, 2022 - 2028 (USD Million)
  • 14. Global Smart Hospitality Market share by End user, 2022 and 2028 (USD Million)
  • 15. Global Smart Hospitality Market by Hotel, 2022 - 2028 (USD Million)
  • 16. Global Smart Hospitality Market by Cruise, 2022 - 2028 (USD Million)
  • 17. Global Smart Hospitality Market by Luxury yatches, 2022 - 2028 (USD Million)
  • 18. Global Smart Hospitality Market by Others, 2022 - 2028 (USD Million)
  • 19. Global Smart Hospitality Market share, by Region, 2022 and 2028
  • 20. North America Smart Hospitality Market, 2022 - 2028 (USD Million)
  • 21. Europe Smart Hospitality Market, 2022 - 2028 (USD Million)
  • 22. Asia Pacific Smart Hospitality Market, 2022 - 2028 (USD Million)
  • 23. Latin America Smart Hospitality Market, 2022 - 2028 (USD Million)
  • 24. The Middle-East and Africa Smart Hospitality Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Smart Hospitality Market: Snapshot
  • 2. Drivers of the Smart Hospitality Market: impact analysis
  • 3. North America Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 4. North America Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 5. North America Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 6. U.S. Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 7. U.S. Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 8. U.S. Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 9. Canada Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 10. Canada Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 11. Canada Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 12. Europe Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 13. Europe Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 14. Europe Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 15. Germany Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 16. Germany Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 17. Germany Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 18. France Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 19. France Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 20. France Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 21. U.K. Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 22. U.K. Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 23. U.K. Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 24. Italy Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 25. Italy Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 26. Italy Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 27. Spain Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 28. Spain Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 29. Spain Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 30. Rest of Europe Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 31. Rest of Europe Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 32. Rest of Europe Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 33. Asia Pacific Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 34. Asia Pacific Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 35. Asia Pacific Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 36. China Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 37. China Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 38. China Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 39. Japan Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 40. Japan Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 41. Japan Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 42. India Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 43. India Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 44. India Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 45. South Korea Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 46. South Korea Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 47. South Korea Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 48. South-East Asia Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 49. South-East Asia Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 50. South-East Asia Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 51. Rest of Asia Pacific Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 52. Rest of Asia Pacific Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 53. Rest of Asia Pacific Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 54. Latin America Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 55. Latin America Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 56. Latin America Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 57. Brazil Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 58. Brazil Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 59. Brazil Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 60. Mexico Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 61. Mexico Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 62. Mexico Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 63. Rest of Latin America Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 64. Rest of Latin America Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 65. Rest of Latin America Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 66. The Middle-East and Africa Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 67. The Middle-East and Africa Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 68. The Middle-East and Africa Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 69. GCC Countries Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 70. GCC Countries Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 71. GCC Countries Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 72. South Africa Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 73. South Africa Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 74. South Africa Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)
  • 75. Rest of Middle-East Africa Smart Hospitality Market revenue, By Offering, 2022 - 2028 (USD Million)
  • 76. Rest of Middle-East Africa Smart Hospitality Market revenue, By Deployment mode, 2022 - 2028 (USD Million)
  • 77. Rest of Middle-East Africa Smart Hospitality Market revenue, By End user, 2022 - 2028 (USD Million)

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FrequentlyAsked Questions

The surge in hotel construction and tourism expansion drives demand for the smart hospitality sector. The market for smart hospitality will also be driven by the rising need for guest-focused, hyperconnected personalization and real-time optimized experiences.

The global smart hospitality market size was worth USD 12,836.20 million in 2021 and is estimated to grow to USD 60,261.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 29.40 percent over the forecast period.

Europe will continue leading the smart hospitality market throughout the projected period. The well-established hospitality infrastructure and growing use of artificial intelligence-based software and equipment in hospitals are credited with this.

Some of the main competitors dominating the global smart hospitality market include - Huawei, NEC, Cisco, Schneider Electric, IBM, Legrand, Honeywell, Oracle, Siemens AG, Samsung, Johnson Controls, Infor, Sabre, Leviton, Springer-Miller Systems, Gloabal Business Solutions, Control4, Hospitality Network, Wisuite, Guestline, Cloudbeds, Qualsoft Systems, Frontdesk Anywhere, Chris Lewis Group, BuildingIQ, Stayntouch, Xie Zhu (China)

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