The global tech savvy hotel chains market is likely to be appraised at US$ 53.5 billion in 2022, likely to reach US$ 220 billion by 2032 with a CAGR of 15% during the projection period (2022 to 2032).
Hotel chains around the world are fast adopting the technological advancements that are crawling into the fast changing global hospitality scenario. Over the last few decades, several renowned brands of the hotel industry have successfully inducted technology into their daily operational flowchart. The long-term bonhomie has impacted the overall growth of the industry. Over the years the service levels in several plush hotels have surged due to the able use of technology.
The new breed of smart hoteliers is promoting digitisation to slash the recurring costs and also to table some of the state-of-the-art services to their elite customers through the best possible use of technology. Not only big properties, smaller players of the hospitality segment are also infusing effective technologies to enhance industry standards.
Tech-savvy hotel chains are slowly but steadily mushrooming around the world. The tech-savvy hotel chains are reaping the benefits of the technology and digital boom. Mass digitisation has created a huge platform for tech-savvy hotels. Proper use of technology has not only changed the brand image in the market, but it has also enhanced the global customer outreach. Social media is a powerful podium to share opinion and views and it also helps gauge the market behaviour to a large extent.
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Key Trends in the Tech-Savvy Hotel Chains Market
In the dynamic landscape of the hospitality industry, the emergence of tech-savvy hotel chains is reshaping the guest experience and redefining operational efficiency. As travelers increasingly seek seamless, personalized, and contactless interactions, hotel chains are quick to adopt cutting-edge technologies to stay ahead of the curve. Here are the key trends driving innovation in the tech-savvy hotel chains market.
- Contactless Check-In and Check-Out: Tech-savvy hotel chains are leveraging mobile apps and self-service kiosks to streamline the check-in and check-out processes. Guests can now use their smartphones to access their rooms, minimizing physical contact and enhancing convenience. This trend not only aligns with safety concerns but also caters to the preference for swift and hassle-free transactions.
- Smart Room Controls: The integration of Internet of Things (IoT) devices within hotel rooms allows guests to control various aspects of their environment, such as lighting, temperature, and entertainment, through a centralized system. Voice-activated assistants and smart mirrors are becoming commonplace, offering a personalized and futuristic stay experience.
- Artificial Intelligence (AI) for Personalization: AI-driven algorithms analyze guest preferences, behaviors, and booking history to provide personalized recommendations and services. From suggesting dining options to customizing room settings, AI enhances the overall guest experience by anticipating and meeting individual needs.
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Tech Savvy Hotel Chains: Restraints
The organic growth of tech savvy hotel chains is blocked by the surging cost of hotel friendly technologies. Most of the medium level hotel chains cannot afford costly technological makeovers. The dearth of skilled manpower to handle technology is also plummeting the growth of tech savvy hotel chains.
Tech Savvy Hotel Chains: Bigwigs
There are several apps and advanced technologies which are presently dominating the hospitality segment. Radisson iConcierge app, LodgeNet service by Hotel Duval is equipped with 23-inch ICE (Interactive Customer Service), Hyatt Regency offers a gamut tech-savvy services to their customers. ARIA, Las Vegas is another hotel chain which provides some distinctive services to its customers.
This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.
The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.
The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.
Key Manufacturing Companies:
- W Singapore
- The Hotel Silken Puerta América
- The Yotel New York City
- Eccleston Square Pimlico
- Pengheng Space Capsules Hotel
- Blow Up Hall 5050
- City Hub,Kameha Grand
- Hotel Zetta
- Henn Na Hotel
Key Segmentation:
By Tour Type:
- Domestic
- International
By Consumer Orientation:
- Men
- Women
By Tourist Type:
- Independent Traveler
- Tour Group
- Package Traveler
By Age Group:
- 26-35 Years
- 36-45 Years
- 46-55 Years
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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