The global smart hospitality market is redefining guest experience and is expected to see remarkable growth.
The global smart hospitality market achieved approximately $18.8 billion in sales in 2022 and is poised to revolutionize the hospitality industry. With a forward-thinking approach that promises to enhance guest satisfaction and operational efficiency, industry experts predict that this market will reach an estimated revenue of $112.5 billion by 2031. This anticipated transformation highlights an astonishing growth rate of 22% CAGR during the forecast period from 2023 to 2031. Smart hospitality solutions, a prime example of technological innovation, are set to redefine the guest experience and streamline operations in the hospitality industry. From intelligent room management systems and contactless check-ins to AI-driven personalized services, these innovations aim to redefine what it means to provide guests with unparalleled comfort and convenience. For application details, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global smart hospitality market is classified based on solution type, component, application, deployment mode, and region. By Solution Type - Hotel Operations Management - Hotel Automation Management - Guest Service Management System - Security Management System - Others By Component - Solutions - Services By Application - Hotels - Cruises - Luxury Yachts - Others By Deployment Mode - On-Premises - Cloud Key Companies: - Oracle Corporation - Johnson Controls - NEC Corporation - Siemens AG - Infor - Huawei Technologies Co. Ltd - IBM Corporation - Cisco Systems Inc - Honeywell International Inc - Schneider Electric
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