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Artificial Intelligence (AI) in Hospitality Global Market Report 2024

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    Report

  • 175 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5953402
The artificial intelligence (AI) market size has grown exponentially in recent years. It will grow from $0.09 billion in 2023 to $0.15 billion in 2024 at a compound annual growth rate (CAGR) of 58.6%. The growth observed in the historical period can be attributed to several factors, including the increasing demand for enhanced customer experiences, the growing adoption of chatbots and virtual assistants, recognition of the potential of AI in travel and hospitality, and the utilization of advanced analytics and AI-enabled robots to address various on-property functions within the hospitality industry.

The artificial intelligence (AI) market size is expected to see exponential growth in the next few years. It will grow to $0.92 billion in 2028 at a compound annual growth rate (CAGR) of 57.5%. The anticipated growth in the forecast period can be attributed to several factors, including the utilization of generative AI for dynamic content generation, integration with IoT, blockchain, and cloud technologies, a focus on enhancing guest experiences, and increasing consumer demand for innovative hospitality services. Major trends expected during this period include significant market growth driven by the adoption of advanced technologies, a heightened focus on personalization and customer service, addressing challenges and concerns within the industry, and the optimization of operations through technological advancements.

The escalating digitalization within the hospitality industry is poised to drive significant growth within the artificial intelligence (AI) in hospitality market in the foreseeable future. Digitalization in hospitality entails the comprehensive integration and utilization of digital technologies and solutions to revolutionize various facets of hospitality services. As businesses within the sector increasingly embrace advanced technologies, there is a growing appetite for AI solutions to further optimize operations, enhance operational efficiency, personalize guest experiences, and facilitate data-driven decision-making. A survey conducted by Rackspace Technology, a US-based cloud computing company, in February 2023, revealed a notable surge in the adoption of artificial intelligence and machine learning among IT decision-makers in the hospitality and travel sector, with 37% embracing these technologies - an increase from 13% in 2021. Moreover, a significant proportion of respondents expressed intentions to leverage AI and ML to enhance speed and efficiency, predict business performance, and minimize risks, underscoring the pivotal role of AI in driving digital transformation within the hospitality industry and propelling the growth of the AI in hospitality market.

Key players within the AI in hospitality market are actively engaged in developing advanced technologies tailored to meet the evolving needs of hotels and resorts, leveraging AI and ML platforms to deliver enhanced customer experiences and operational efficiencies. These platforms harness sophisticated algorithms to streamline operations, offer personalized services, and empower decision-makers with data-driven insights. For instance, in March 2022, Revnomix Hotel Data, an India-based hotel revenue management company, unveiled RevSeed 2 - a next-generation AI and ML-based revenue management platform designed to provide real-time market and demand analysis, facilitate strategic pricing decisions for hotel rooms and services, and offer comprehensive revenue management strategies such as volume, rate, market-linked, and others. By harnessing the power of AI and ML, RevSeed 2 exemplifies the transformative potential of advanced technologies in optimizing revenue management processes and enhancing guest satisfaction within the hospitality sector, thereby driving the growth of the AI in hospitality market.

In October 2023, Mews, a hospitality management cloud company headquartered in the Netherlands, finalized the acquisition of Nomi for an undisclosed sum. This strategic move aims to empower hoteliers with deeper insights into their guests, facilitating data-driven operational decisions and ultimately delivering superior guest experiences. Nomi, a hospitality startup based in the United States, specializes in offering an AI-driven personalized travel recommendation guidebook for travelers.

Major companies operating in the artificial intelligence (AI) in hospitality market report are Google LLC, Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, International Business Machines (IBM) Corporation, Cisco Systems Inc., Microsoft Corporation, Oracle Corporation, NVIDIA Corporation, Salesforce Inc, NEC Corporation, Infosys Limited, HCL Technologies Limited, KLM Royal Dutch Airlines, AltexSoft Inc, Hilton Worldwide Holdings Inc, Amadeus IT, Sabre Corporation, CRS Technology, Cvent Holding Corp, Navitaire, Lemax, Tramada System, Lola, mTrip, Qtech Software, Infor Inc.

North America was the largest region in the artificial intelligence (AI) in hospitality market in 2023. The regions covered in the artificial intelligence (ai) in hospitality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the artificial intelligence (AI) in hospitality market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Artificial intelligence (AI) in hospitality involves integrating AI technologies and solutions within the hospitality industry to improve guest experiences, streamline operations, and optimize various aspects such as customer interactions, service delivery, and business processes. This encompasses utilizing machine learning, natural language processing, chatbots, blockchain, big data analytics, and other emerging technologies to enhance efficiency, offer personalized services, and innovate across accommodation, dining, entertainment, and customer interaction segments.

The primary technology types in AI in hospitality include machine learning, natural language processing, chatbots or travel bots, blockchain, big data, and others. Machine learning enables systems to analyze patterns, adapt to changing circumstances, and enhance guest experiences by learning from data without explicit programming. Hospitality types are categorized into food and beverage, lodging or accommodation, and others, with applications spanning customer purchases, travel choices, restaurant selections, entertainment, journey patterns, and itineraries.

The artificial intelligence (AI) in hospitality research report is one of a series of new reports that provides artificial intelligence (AI) in hospitality market statistics, including the artificial intelligence (AI) in hospitality industry's global market size, regional shares, competitors with an Artificial intelligence (AI) in hospitality market share, detailed artificial intelligence (AI) in hospitality market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) in hospitality industry. This artificial intelligence (AI) in hospitality market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The artificial intelligence (AI) in hospitality market includes revenues earned by entities by providing guest assistance services, personalization services, operational optimization services, reservation and booking services, predictive analytics services. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) hospitality market consists of sales of biometric authentication systems, data analytics platforms, customer relationship management (CRM) software, and smart room controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Artificial Intelligence (AI) In Hospitality Market Characteristics3. Artificial Intelligence (AI) In Hospitality Market Trends And Strategies
4. Artificial Intelligence (AI) In Hospitality Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Artificial Intelligence (AI) In Hospitality Market Size and Growth
5.1. Global Artificial Intelligence (AI) In Hospitality Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Artificial Intelligence (AI) In Hospitality Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Artificial Intelligence (AI) In Hospitality Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Artificial Intelligence (AI) In Hospitality Market Segmentation
6.1. Global Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Machine Learning
  • Natural Language Processing
  • Chatbots Or Travel Bots
  • Blockchain
  • Big Data
  • Other Technologies
6.2. Global Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Food And Beverage
  • Lodging Or Accommodation
  • Other Hospitality Types
6.3. Global Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Customer Purchases
  • Travel Choices
  • Restaurants
  • Entertainment
  • Journey Patterns And Itinerary
  • Other Applications
7. Artificial Intelligence (AI) In Hospitality Market Regional And Country Analysis
7.1. Global Artificial Intelligence (AI) In Hospitality Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Artificial Intelligence (AI) In Hospitality Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Artificial Intelligence (AI) In Hospitality Market
8.1. Asia-Pacific Artificial Intelligence (AI) In Hospitality Market Overview
(Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Artificial Intelligence (AI) In Hospitality Market
9.1. China Artificial Intelligence (AI) In Hospitality Market Overview
9.2. China Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Artificial Intelligence (AI) In Hospitality Market
10.1. India Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Artificial Intelligence (AI) In Hospitality Market
11.1. Japan Artificial Intelligence (AI) In Hospitality Market Overview
11.2. Japan Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Artificial Intelligence (AI) In Hospitality Market
12.1. Australia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Artificial Intelligence (AI) In Hospitality Market
13.1. Indonesia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Artificial Intelligence (AI) In Hospitality Market
14.1. South Korea Artificial Intelligence (AI) In Hospitality Market Overview
14.2. South Korea Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Artificial Intelligence (AI) In Hospitality Market
15.1. Western Europe Artificial Intelligence (AI) In Hospitality Market Overview
15.2. Western Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Artificial Intelligence (AI) In Hospitality Market
16.1. UK Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Artificial Intelligence (AI) In Hospitality Market
17.1. Germany Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Artificial Intelligence (AI) In Hospitality Market
18.1. France Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Artificial Intelligence (AI) In Hospitality Market
19.1. Italy Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Artificial Intelligence (AI) In Hospitality Market
20.1. Spain Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Artificial Intelligence (AI) In Hospitality Market
21.1. Eastern Europe Artificial Intelligence (AI) In Hospitality Market Overview
21.2. Eastern Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Artificial Intelligence (AI) In Hospitality Market
22.1. Russia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Artificial Intelligence (AI) In Hospitality Market
23.1. North America Artificial Intelligence (AI) In Hospitality Market Overview
23.2. North America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Artificial Intelligence (AI) In Hospitality Market
24.1. USA Artificial Intelligence (AI) In Hospitality Market Overview
24.2. USA Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Artificial Intelligence (AI) In Hospitality Market
25.1. Canada Artificial Intelligence (AI) In Hospitality Market Overview
25.2. Canada Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Artificial Intelligence (AI) In Hospitality Market
26.1. South America Artificial Intelligence (AI) In Hospitality Market Overview
26.2. South America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Artificial Intelligence (AI) In Hospitality Market
27.1. Brazil Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Artificial Intelligence (AI) In Hospitality Market
28.1. Middle East Artificial Intelligence (AI) In Hospitality Market Overview
28.2. Middle East Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Artificial Intelligence (AI) In Hospitality Market
29.1. Africa Artificial Intelligence (AI) In Hospitality Market Overview
29.2. Africa Artificial Intelligence (AI) In Hospitality Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Artificial Intelligence (AI) In Hospitality Market, Segmentation By Hospitality Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Artificial Intelligence (AI) In Hospitality Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Artificial Intelligence (AI) In Hospitality Market Competitive Landscape And Company Profiles
30.1. Artificial Intelligence (AI) In Hospitality Market Competitive Landscape
30.2. Artificial Intelligence (AI) In Hospitality Market Company Profiles
30.2.1. Google LLC
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Alibaba Group Holding Limited
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Huawei Technologies Co. Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Amazon Web Services Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Intel Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Artificial Intelligence (AI) In Hospitality Market Other Major And Innovative Companies
31.1. International Business Machines (IBM) Corporation
31.2. Cisco Systems Inc.
31.3. Microsoft Corporation
31.4. Oracle Corporation
31.5. NVIDIA Corporation
31.6. Salesforce Inc
31.7. NEC Corporation
31.8. Infosys Limited
31.9. HCL Technologies Limited
31.10. KLM Royal Dutch Airlines
31.11. AltexSoft Inc
31.12. Hilton Worldwide Holdings Inc
31.13. Amadeus IT
31.14. Sabre Corporation
31.15. CRS Technology
32. Global Artificial Intelligence (AI) In Hospitality Market Competitive Benchmarking33. Global Artificial Intelligence (AI) In Hospitality Market Competitive Dashboard34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Hospitality Market
35. Artificial Intelligence (AI) In Hospitality Market Future Outlook and Potential Analysis
35.1 Artificial Intelligence (AI) In Hospitality Market In 2028 - Countries Offering Most New Opportunities
35.2 Artificial Intelligence (AI) In Hospitality Market In 2028 - Segments Offering Most New Opportunities
35.3 Artificial Intelligence (AI) In Hospitality Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright And Disclaimer

Executive Summary

Artificial Intelligence (AI) In Hospitality Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on artificial intelligence (AI) in hospitality market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for artificial intelligence (AI) in hospitality ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (AI) in hospitality market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Technology: Machine Learning; Natural Language Processing; Chatbots Or Travel Bots; Blockchain; Big Data; Other Technologies.
2) By Hospitality Type: Food And Beverage; Lodging Or Accommodation; Other Hospitality Type
3) By Application: Customer Purchases; Travel Choices; Restaurants; Entertainment; Journey Patterns And Itinerary; Other Applications.

Key Companies Mentioned: Google LLC; Alibaba Group Holding Limited; Huawei Technologies Co. Ltd.; Amazon Web Services Inc.; Intel Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Google LLC
  • Alibaba Group Holding Limited
  • Huawei Technologies Co. Ltd.
  • Amazon Web Services Inc.
  • Intel Corporation
  • International Business Machines (IBM) Corporation
  • Cisco Systems Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • NVIDIA Corporation
  • Salesforce Inc
  • NEC Corporation
  • Infosys Limited
  • HCL Technologies Limited
  • KLM Royal Dutch Airlines
  • AltexSoft Inc
  • Hilton Worldwide Holdings Inc
  • Amadeus IT
  • Sabre Corporation
  • CRS Technology
  • Cvent Holding Corp
  • Navitaire
  • Lemax
  • Tramada System
  • Lola
  • mTrip
  • Qtech Software
  • Infor Inc

Methodology

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Table Information