The World Travel and Tourism Council estimates that the hotel sector contributed $8,272.3 billion to the global GDP in 2017 and will contribute $12,450.1 billion by 2026, growing at a 4.0% annual rate. Modern services made possible by automated technology, connected hotel systems, and solutions enable hotel operators and owners to update and reorganize their daily tasks. In order to decrease their overall turnover time, hotels are implementing these solutions. This will also contribute to an increase in market revenues from bookings.
Hotel systems and solutions that are connected offer advantages like automated customer profile collection and analysis, direct management of services like communication, guest supervision, food manufacturing operations, and independent control systems that enhance overall process safety. The guests can choose a room, a type of room, and a room number using their smartphones thanks to these solutions' exceptional hospitality experiences.
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The industry concentration ratio and the most recent developments for the market share are shown using tables, figures, graphs, and charts. The report covers product classification, application areas, and geographic regions to explain the perception and scope of the market. Both quantitative and qualitative data from primary and secondary statistical sources are included in the study. This report offers detailed support for businesses and people interested in the market by providing important statistics on the state of the industry. Enhancing the fundamental leadership capabilities of clients and new players in the industry is one of the main objectives of this report.
Top Key Players:
Protel Hotel Software GmbH, Honeywell International Inc., OctoRate Hospitality Engineering, Siemens AG, Winhotel Solution SL., Johnson Controls, NEC Corporation, and Springer-Miller Systems SMS are some of the major companies active in the global connected hotel systems and solutions market.
The Regional Evaluation
Due to its quick adoption of technological advancements, strong internet infrastructure, and rapid inclination towards IoT and cloud services, Europe is predicted to dominate the global market for connected hotel systems and solutions. The need for increased operational effectiveness at a reasonable price is anticipated to drive further expansion of smart connected solutions in the hospitality sector. As an illustration, the luxury hotel chain Dorchester Collection implemented an AI platform for its operational management solutions in 2019.
The "Connected Hotel Systems and Solutions Market" by Fortune Business Insights is a comprehensive analysis of the market that spans over 60 geographies and offers high-level market segmentation for each one. In the section on regional and national breakdowns, the market in each geography is examined, along with market size by region and nation. It also evaluates the market's past and projected growth, highlights significant trends, and discusses corporate expansion strategies.
Segmentation of the Global Connected Hotel Systems and Solutions Market
By Deployment:
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By Service
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Managed services
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Consulting services
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Deployed and installing services
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Support and Maintenance service
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By Solutions
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On-premises
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Cloud-based solutions
By Hotel Type:
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Business Hotels
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Resorts and Spas
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Custom and Boutique Hotels
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Others
By Region
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North America (the US and Canada)
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Europe (the United Kingdom, Germany, France, Italy, Spain, Scandinavia, and the rest of Europe)
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Asia Pacific (including Japan, China, India, Australia, Southeast Asia, and the remaining countries in the region)
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South America (including Brazil, Mexico, and the rest of South America)
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Europe, Asia, and Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, development trends, market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.
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The report considers the following significant parameters:
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Size of the global market (in terms of both value and volume), by important business segments, and by promising and developing regions
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Trends that could influence the market
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Options and preferences of consumers, as well as the landscape of vendors and suppliers
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Opportunities for growth that are anticipated during the forecast period
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Problems and restrictions faced by the industry
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Dynamic and trending patterns of consumer spending
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Additional advancements
The Report Responds to the following Frequently Asked Questions
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What are the main effects predicted by Porter's five forces model?
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What tactical approaches are thought to be advantageous for entering the market?
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