Asia Pacific Smart Hospitality Market Size, Share & Industry Trends Analysis Report By Offering, By Deployment Mode (Cloud and On-premises), By End User (Hotels, Cruise, Luxury Yatches), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Smart Hospitality Market would 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 would 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 would continue to be a dominant market till 2028; thereby, achieving a market value of $2,836.5 million by 2028. The Japan market would witness a CAGR of 27% during (2022 - 2028). Additionally, The India market would 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:
- Property Management System
- Guest Experience Management System
- Integrated Security Management
- Facility Management Software
- Network Management Software
- Point Of Sale Software
By Deployment Mode
By End User
- Luxury Yatches
- South Korea
- 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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