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Report Ocean has recently provided an updated study on the global Tech Savvy Hotel Chains Market. This comprehensive report delves into various aspects of the market, including its distinctive features, the influence of COVID-19, size and expansion, segmentation, breakdown by region and country, competitive landscape, prevailing trends, market shares, and strategic insights. Furthermore, the report offers predictions on regional market growth, tracing the markets evolution, and contextualizing it within the larger market landscape while drawing comparisons with other markets.
Global Tech Savvy Hotel Chains Market is valued approximately USD $$ million in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2031.
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The Tech Savvy Hotel Chains can be defined as hotel properties that eliminates the traditional touchstones of the hotel experience. Tech savvy hotels make use of different technologies such as internet-connected devices, blockchain technology and robotics technology among others. Tech savvy hotels offers several advantages and facilities such as automated luggage storage for guests, app & RFID wristbands-based check-in, locking & unlocking of doors among others. The growing digitization in hospitality sector and increasing Internet of Things (IoT) spending in hospitality industry as well as strategic initiatives from leading market players are factors that are accelerating the global market demand.
For instance, according to Statista in 2020, the worldwide smart hospitality sector was valued at USD 6 billion, and this amount is projected to grow to USD 24.98 billion by 2027, witnessing a compound annual growth rate (CAGR) of 22.6 percent. Furthermore, leading market players are working towards strategic initiatives such as market expansion, and new technological advancements to leverage the increasing inclination towards Tech Savvy Hotels. For instance, in October 2019, Amsterdam, Netherlands based tech savvy hotel chain CityHub launched its new chain in Copenhagen, Denmark. This new facility would be CityHubs first property outside The Netherlands and would be the biggest CityHub property so far. Moreover, in May 2022, New York, USA based NoMo SoHo Hotel launched a blockchain technology based curated NFT named NFT Stays. These specially curated NFTs, packaged with three- to six-night stays at NoMo SoHo. Also, growing tourism sector in emerging economies and rapid urbanization & increasing per capita travel spending are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high initial capital requirement and periodic maintenance & upgradation requirement impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Tech Savvy Hotel Chains Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing digitization across different industries and presence of leading market players. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of tourism sector and increasing penetration of 5G, IoT technologies in the region, would create lucrative growth prospects for the global Tech Savvy Hotel Chains Market across the Asia Pacific region.
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Major market players included in this report are:
- W Singapore
- The Hotel Silken Puerta America
- 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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Price Level
Luxury
Upscale
Midscale
Economy
By Room Capacity
Small
Medium
Large
Mega
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By Application
Urban
Airport
Resorts
Other Applications
By Technology
Contactless Check-in
Temperature Control
Digitally Interactive Displays
Robotic Luggage Concierge
By Region:
North America
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U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
To download a free sample of this strategic report, please visit: https://reportocean.us/sample-request/report_id/bzwt1300
This report covers several key questions related to the global Tech Savvy Hotel Chains market, including:
- What can be expected for the Tech Savvy Hotel Chains market in the next decade?
- What are the primary drivers of growth in the global Tech Savvy Hotel Chains market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Tech Savvy Hotel Chains market vary based on the size of the end market?
- What is the breakdown of Tech Savvy Hotel Chains by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Tech Savvy Hotel Chains market?
The Key Points Covered in the Table of Contents:
Overview:This section provides a concise summary of the report, offering a high-level understanding of the global Tech Savvy Hotel Chains Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis:The research study accurately and reliably forecasts the market share of key segments within the Tech Savvy Hotel Chains Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies:Market participants can utilize this report to gain a competitive advantage over their rivals in the Tech Savvy Hotel Chains Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis:The report covers all major regions and countries relevant to the Tech Savvy Hotel Chains Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts:Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Tech Savvy Hotel Chains Market.
Our Tech Savvy Hotel Chains Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
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COMTEX_440421258/2796/2023-09-18T03:31:10
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
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