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Smart Hospitality - Global Strategic Business Report

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    Report

  • 89 Pages
  • December 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5304143
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Quick Summary:

In an ever-evolving and varied hospitality landscape, staying informed on market shifts and innovation is vital. Our comprehensive Global Smart Hospitality Market research report provides an enriched perspective, with pivotal insights into this rapidly growing market.

Our thorough analysis gives a detailed evaluation of the market, forecasted to reach a value of $153.3 billion by 2030, from its current estimate at $33.3 billion in 2022. Moreover, key segments such as software and services are explored, which are projected to record significant growth rates by the end of the analysis period.

The report further highlights the market dynamics in powerful economies such as the U.S, predicted to be worth $9.9 billion in 2022, and China, expected to grow at a CAGR of 20.4%, reaching $26.4 billion by 2030. Factors shaping these markets, technological advancements, and the competitive landscape are expertly delineated, featuring key contenders such as Huawei, IBM, and Oracle.

Our report promises to be instrumental for readers to understand the complexity of the Smart Hospitality market and navigate their strategic planning effectively. Don't miss out on this valuable resource.

Global Smart Hospitality Market to Reach $153.3 Billion by 2030

The global market for Smart Hospitality estimated at US$33.3 Billion in the year 2022, is projected to reach a revised size of US$153.3 Billion by 2030, growing at a CAGR of 21% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 19.4% CAGR and reach US$91 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 23.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 20.4% CAGR

The Smart Hospitality market in the U.S. is estimated at US$9.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.4 Billion by the year 2030 trailing a CAGR of 20.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Select Competitors (Total 33 Featured) -

  • Blazon Hotels
  • BuildingIQ
  • Cisco
  • Cloudbeds
  • Control4Corporation
  • Frontdesk
  • Guestline
  • Honeywell International Inc.
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Infor
  • Johnson Controls
  • NEC Corporation
  • Oracle
  • Qualsoft Systems Pvt. Ltd.
  • Samsung
  • Schneider Electric
  • Siemens
  • Winhotel Solution SL
  • WiSuite

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Smart Hospitality

What is the estimated value of the Global Market for Smart Hospitality?

The Global Market for Smart Hospitality was estimated to be valued at $33.3 Billion in 2022.

What is the growth rate of the Global Market for Smart Hospitality?

The growth rate of the Global Market for Smart Hospitality is 21.0%, with an estimated value of $153.3 Billion by 2030.

What is the forecasted size of the Global Market for Smart Hospitality?

The Global Market for Smart Hospitality is estimated to be worth $153.3 Billion by 2030.

Who are the key companies in the Global Market for Smart Hospitality?

Key companies in the Global Market for Smart Hospitality include Blazon Hotels, BuildingIQ, Cisco, Cloudbeds, Control4Corporation, Frontdesk, Guestline, Honeywell International Inc., Huawei Technologies Co. Ltd. and IBM Corporation.
Report AttributeDetails
No. of Pages89
PublishedDecember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 33.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 153.3 Billion
Compound Annual Growth Rate21.0%
Regions CoveredGlobal

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Smart Hospitality - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Smart Hospitality by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Smart Hospitality by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Business Hotels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for Business Hotels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Heritage & Boutique Hotels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for Heritage & Boutique Hotels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Resorts & Spas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World 8-Year Perspective for Resorts & Spas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Hotel Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World 8-Year Perspective for Other Hotel Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 15: World Smart Hospitality Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 16: USA Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 17: USA 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 18: USA Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 19: USA 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 22: Canada Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 23: Canada 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
JAPAN
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 24: Japan Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 25: Japan 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 26: Japan Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
CHINA
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 28: China Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: China 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 30: China Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 31: China 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
EUROPE
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Smart Hospitality by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: Europe 8-Year Perspective for Smart Hospitality by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
FRANCE
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: France 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 40: France Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 41: France 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
GERMANY
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 42: Germany Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 43: Germany 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 44: Germany Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Germany 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
ITALY
  • Table 46: Italy Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 47: Italy 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 48: Italy Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 49: Italy 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
UNITED KINGDOM
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: UK 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 52: UK Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 53: UK 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
REST OF EUROPE
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 55: Rest of Europe 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
ASIA-PACIFIC
  • Smart Hospitality Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 59: Asia-Pacific 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 61: Asia-Pacific 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
REST OF WORLD
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Smart Hospitality by Type - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: Rest of World 8-Year Perspective for Smart Hospitality by Type - Percentage Breakdown of Value Sales for Software and Services for the Years 2023 & 2030
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Smart Hospitality by Hotel Type - Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 65: Rest of World 8-Year Perspective for Smart Hospitality by Hotel Type - Percentage Breakdown of Value Sales for Business Hotels, Heritage & Boutique Hotels, Resorts & Spas and Other Hotel Types for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Blazon Hotels
  • BuildingIQ
  • Cisco
  • Cloudbeds
  • Control4Corporation
  • Frontdesk
  • Guestline
  • Honeywell International Inc.
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Infor
  • Johnson Controls
  • NEC Corporation
  • Oracle
  • Qualsoft Systems Pvt. Ltd.
  • Samsung
  • Schneider Electric
  • Siemens
  • Winhotel Solution SL
  • WiSuite

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