The Asia Pacific Smart Hospitality Market is expected to witness market growth of 29.0% CAGR during the forecast period (2022-2028).
Using smart hospitality technologies could enhance customer satisfaction and impressions. A wide range of innovative hospitality solutions and technologies are being offered by numerous businesses to accommodate various consumer needs. Some of these systems are fairly cutting-edge, like those that give hoteliers simple check-in alternatives. For instance, StayNtouch is a business that offers guest-facing PMS overlay. As a result, keycards can be made away from the desk and checked in at the front desk. Additionally, a business by the name of Hospitalityplus provides automated guest room allocations.
In general, assigning hotels based on category, view, and choice involves a lengthy and tedious manual process. However, this technology enables hotels to give various rooms to their customers automatically. Ultimately, hotels usually overbook rooms, which gives them the opportunity to plan which guests will get rooms and actively manage guests' expectations before they arrive.
The hospitality sector is likely to use the Internet of Things (IoT) and other cutting-edge technology more frequently, creating new potential for the market for smart hospitality. For instance, a number of businesses allow their customers to use their smartphone apps and Bluetooth technologies to unlock their doors. By eliminating the time that is expected to be spent at the front desk and implementing smart hospitality technologies, these hotels are improving customer experience and reducing labor costs.
The China market dominated the Asia Pacific Solution Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,836.5 million by 2028. The Japan market is expected to witness a CAGR of 27% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 28.6% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Property Management System, Guest Experience Management System, Integrated Security Management, Facility Management Software, Network Management Software, and Point Of Sale Software) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on End User, the market is segmented into Hotels, Cruise, Luxury Yatches, and Others. The report also covers geographical segmentation of Smart Hospitality market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NEC Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Samsung Electronics Co., Ltd., IBM Corporation, Cisco Systems, Inc., Siemens AG, Johnson Controls International PLC, Honeywell International, Inc. and Legrand S.A.
Using smart hospitality technologies could enhance customer satisfaction and impressions. A wide range of innovative hospitality solutions and technologies are being offered by numerous businesses to accommodate various consumer needs. Some of these systems are fairly cutting-edge, like those that give hoteliers simple check-in alternatives. For instance, StayNtouch is a business that offers guest-facing PMS overlay. As a result, keycards can be made away from the desk and checked in at the front desk. Additionally, a business by the name of Hospitalityplus provides automated guest room allocations.
In general, assigning hotels based on category, view, and choice involves a lengthy and tedious manual process. However, this technology enables hotels to give various rooms to their customers automatically. Ultimately, hotels usually overbook rooms, which gives them the opportunity to plan which guests will get rooms and actively manage guests' expectations before they arrive.
The hospitality sector is likely to use the Internet of Things (IoT) and other cutting-edge technology more frequently, creating new potential for the market for smart hospitality. For instance, a number of businesses allow their customers to use their smartphone apps and Bluetooth technologies to unlock their doors. By eliminating the time that is expected to be spent at the front desk and implementing smart hospitality technologies, these hotels are improving customer experience and reducing labor costs.
The China market dominated the Asia Pacific Solution Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,836.5 million by 2028. The Japan market is expected to witness a CAGR of 27% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 28.6% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Property Management System, Guest Experience Management System, Integrated Security Management, Facility Management Software, Network Management Software, and Point Of Sale Software) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on End User, the market is segmented into Hotels, Cruise, Luxury Yatches, and Others. The report also covers geographical segmentation of Smart Hospitality market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NEC Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Samsung Electronics Co., Ltd., IBM Corporation, Cisco Systems, Inc., Siemens AG, Johnson Controls International PLC, Honeywell International, Inc. and Legrand S.A.
Scope of the Study
Market Segments Covered in the Report:
By Offering- Solution
- Property Management System
- Guest Experience Management System
- Integrated Security Management
- Facility Management Software
- Network Management Software
- Point Of Sale Software
- Services
- Cloud
- On-premises
- Hotels
- Cruise
- Luxury Yatches
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- NEC Corporation
- Huawei Technologies Co., Ltd.
- Oracle Corporation
- Samsung Electronics Co., Ltd.
- IBM Corporation
- Cisco Systems, Inc.
- Siemens AG
- Johnson Controls International PLC
- Honeywell International, Inc.
- Legrand S.A.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Smart Hospitality Market by Offering
Chapter 5. Asia Pacific Smart Hospitality Market by Deployment Mode
Chapter 6. Asia Pacific Smart Hospitality Market by End User
Chapter 7. Asia Pacific Smart Hospitality Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- NEC Corporation
- Huawei Technologies Co., Ltd.
- Oracle Corporation
- Samsung Electronics Co., Ltd.
- IBM Corporation
- Cisco Systems, Inc.
- Siemens AG
- Johnson Controls International PLC
- Honeywell International, Inc.
- Legrand S.A.
Methodology
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