[343 Pages Report] 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 forecast period (2022-2032).
| Report Attribute | Details |
|---|---|
| Tech Savvy Hotel Chains Market Value (2022) | US$ 53.5 Billion |
| Tech Savvy Hotel Chains Market Anticipated Forecast Value (2032) | US$ 220 Billion |
| Tech Savvy Hotel Chains Market Projected Growth Rate (2022-2032) | 15% |
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, catering to the rising demand for tech savvy hotel chains.
Moreover, the tech savvy hotel chains market growth is greatly impacted by the long-term bonhomie and 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, positively influencing the tech savvy hotel chains market outlook.
Not only big properties, smaller players of the hospitality segment are also infusing effective technologies to enhance industry standards, fuelling the adoption of tech savvy hotel chains.
The tech-savvy hotel chains market size is expanding slowly but steadily mushrooming around the world and are reaping the benefits of the technology and digital boom.
Mass digitisation has created a huge platform for tech-savvy hotels and 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 and sway the tech-savvy hotel chains market adoption trends to a significant extent.
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The proper incorporation of technology most likely has multiple effects on the demography of the fast- changing hospitality industry, according to the tech savvy hotel chains market analysis.
In the last few years, the entire climate of the hotel industry has changed and the technological revolution has impacted the revenue outcome, successfully pulling up the service levels, surging the adoption of tech savvy hotel chains.
After a long haul, the hotel and hospitality industry has limped back to normalcy with the help of advanced technology and the demand for tech savvy hotel chains is soared by the massive IT boom around the world.
Tech-savvy hotel chains are earning an edge over the competitors as they are collecting more accolades from their customers and expanding the tech savvy hotel chains market share by building a robust list of loyal customers for them.
The emergence of a huge pool of tech-savvy customers is also positively impacting the tech savvy hotel chains market key trends & opportunities.
Today’s customers seek fast and convenient services and to woo this massive base, hotel chains are fast changing their existing strategies and doling out tech savvy measures to capture a sizeable tech savvy hotel chains market share.
In the last few years, several hotels across the globe have become the scapegoat of some of the deadliest terror attacks.
Hence, to provide a proper shield of protection, hotels around the world have transformed them into fortresses by skilfully incorporating some of the technologically advanced methods and tools.
This overwhelming rise of safety and security is also spearheading the tech savvy hotel chains market future trends.
The growth of the ancillary industry which is directly linked to the hotel industry in tandem with these essential ancillary services also spike the revenue of the hospitality industry.
Luxury properties are known for their services and these added services not only push up their tech savvy hotel chains market share but also increase their service levels.
On the flip side, the organic tech savvy hotel chains market growth is blocked by the surging cost of hotel friendly technologies.
And as most of the medium level hotel chains cannot afford costly technological makeovers, the tech savvy hotel chains market size is likely to dwindle in coming years.
Moreover, the dearth of skilled manpower to handle technology is also plummeting the tech savvy hotel chains market growth to an extent.
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 are some of the key players in the market.
There are several apps and advanced technologies which are presently dominating the hospitality segment, where the hospitality sector currently accounts for over 11% of global GDP.
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.
Principal Consultant
The evolution of online hotel booking start-up, the Guild, is launching technologically advanced hotels.
The hotel booking start-up operates in Texas, specifically in the states of Austin and Dallas and the same is likely to expand to other US states. Denver, Cincinnati, and Miami are among these states.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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The global tech savvy hotel chains market is likely to advance at a CAGR of 15% through 2032.
APAC region is set to hold a tech savvy hotel chains market share of 33% by 2032.
Tech savvy hotel chains market is expected to account for US$ 220 billion by 2032.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Price Level 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By Price Level, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Price Level, 2022-2032 5.3.1. Luxury 5.3.2. Upscale 5.3.3. Midscale 5.3.4. Economy 5.4. Y-o-Y Growth Trend Analysis By Price Level, 2017-2021 5.5. Absolute $ Opportunity Analysis By Price Level, 2022-2032 6. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Room Capacity 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By Room Capacity, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Room Capacity, 2022-2032 6.3.1. Small 6.3.2. Medium 6.3.3. Large 6.3.4. Mega 6.4. Y-o-Y Growth Trend Analysis By Room Capacity, 2017-2021 6.5. Absolute $ Opportunity Analysis By Room Capacity, 2022-2032 7. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032 7.3.1. Urban 7.3.2. Airport 7.3.3. Resorts 7.3.4. Other Applications 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032 8. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Technology 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) Analysis By Technology, 2017-2021 8.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Technology, 2022-2032 8.3.1. Contactless Check-in 8.3.2. Temperature Control 8.3.3. Digitally Interactive Displays 8.3.4. Robotic Luggage Concierge 8.4. Y-o-Y Growth Trend Analysis By Technology, 2017-2021 8.5. Absolute $ Opportunity Analysis By Technology, 2022-2032 9. Global Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 9.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. U.K. 10.2.1.2. Canada 10.2.2. By Price Level 10.2.3. By Room Capacity 10.2.4. By Application 10.2.5. By Technology 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Price Level 10.3.3. By Room Capacity 10.3.4. By Application 10.3.5. By Technology 10.4. Key Takeaways 11. Latin America Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Price Level 11.2.3. By Room Capacity 11.2.4. By Application 11.2.5. By Technology 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Price Level 11.3.3. By Room Capacity 11.3.4. By Application 11.3.5. By Technology 11.4. Key Takeaways 12. Europe Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. U.K. 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Price Level 12.2.3. By Room Capacity 12.2.4. By Application 12.2.5. By Technology 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Price Level 12.3.3. By Room Capacity 12.3.4. By Application 12.3.5. By Technology 12.4. Key Takeaways 13. Asia Pacific Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. Rest of Asia Pacific 13.2.2. By Price Level 13.2.3. By Room Capacity 13.2.4. By Application 13.2.5. By Technology 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Price Level 13.3.3. By Room Capacity 13.3.4. By Application 13.3.5. By Technology 13.4. Key Takeaways 14. MEA Tech Savvy Hotel Chains Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Price Level 14.2.3. By Room Capacity 14.2.4. By Application 14.2.5. By Technology 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Price Level 14.3.3. By Room Capacity 14.3.4. By Application 14.3.5. By Technology 14.4. Key Takeaways 15. Key Countries Tech Savvy Hotel Chains Market Analysis 15.1. U.K. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Price Level 15.1.2.2. By Room Capacity 15.1.2.3. By Application 15.1.2.4. By Technology 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Price Level 15.2.2.2. By Room Capacity 15.2.2.3. By Application 15.2.2.4. By Technology 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Price Level 15.3.2.2. By Room Capacity 15.3.2.3. By Application 15.3.2.4. By Technology 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Price Level 15.4.2.2. By Room Capacity 15.4.2.3. By Application 15.4.2.4. By Technology 15.5. Rest of Latin America 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Price Level 15.5.2.2. By Room Capacity 15.5.2.3. By Application 15.5.2.4. By Technology 15.6. Germany 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Price Level 15.6.2.2. By Room Capacity 15.6.2.3. By Application 15.6.2.4. By Technology 15.7. U.K. 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Price Level 15.7.2.2. By Room Capacity 15.7.2.3. By Application 15.7.2.4. By Technology 15.8. France 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Price Level 15.8.2.2. By Room Capacity 15.8.2.3. By Application 15.8.2.4. By Technology 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Price Level 15.9.2.2. By Room Capacity 15.9.2.3. By Application 15.9.2.4. By Technology 15.10. Italy 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Price Level 15.10.2.2. By Room Capacity 15.10.2.3. By Application 15.10.2.4. By Technology 15.11. Rest of Europe 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Price Level 15.11.2.2. By Room Capacity 15.11.2.3. By Application 15.11.2.4. By Technology 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Price Level 15.12.2.2. By Room Capacity 15.12.2.3. By Application 15.12.2.4. By Technology 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Price Level 15.13.2.2. By Room Capacity 15.13.2.3. By Application 15.13.2.4. By Technology 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Price Level 15.14.2.2. By Room Capacity 15.14.2.3. By Application 15.14.2.4. By Technology 15.15. Malaysia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Price Level 15.15.2.2. By Room Capacity 15.15.2.3. By Application 15.15.2.4. By Technology 15.16. Singapore 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Price Level 15.16.2.2. By Room Capacity 15.16.2.3. By Application 15.16.2.4. By Technology 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Price Level 15.17.2.2. By Room Capacity 15.17.2.3. By Application 15.17.2.4. By Technology 15.18. Rest of Asia Pacific 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Price Level 15.18.2.2. By Room Capacity 15.18.2.3. By Application 15.18.2.4. By Technology 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Price Level 15.19.2.2. By Room Capacity 15.19.2.3. By Application 15.19.2.4. By Technology 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Price Level 15.20.2.2. By Room Capacity 15.20.2.3. By Application 15.20.2.4. By Technology 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By Price Level 15.21.2.2. By Room Capacity 15.21.2.3. By Application 15.21.2.4. By Technology 15.22. Rest of MEA 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2021 15.22.2.1. By Price Level 15.22.2.2. By Room Capacity 15.22.2.3. By Application 15.22.2.4. By Technology 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Price Level 16.3.3. By Room Capacity 16.3.4. By Application 16.3.5. By Technology 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Hilton Worldwide 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Radisson Hotel Group 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. OYO 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Marriott International 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Magnuson Hotels 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Best Western Hotels 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Wyndham Hotels and Resorts 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. InterContinental Hotels Group 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. AccorHotels 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Hyatt Hotels Corporation 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.11. GreenTree Inns Hotel Management Group 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.12. YOTEL 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.13. Blow Up Hall 5050 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.14. Virgin Hotels 17.1.14.1. Overview 17.1.14.2. Product Portfolio 17.1.14.3. Profitability by Market Segments 17.1.14.4. Sales Footprint 17.1.14.5. Strategy Overview 17.1.14.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Tech Savvy Hotel Chains Market
