Smart Hospitality Market(by Software (Hotel operation management system, Staff mobility and workforce management, Inventory and logistics management, Revenue management, Integrated security system, Video surveillance system, Access control system, Emergency incident management system, Hotel building automation system, Energy management platforms, Facility management system, Guest service management system, Centralized reservation system, Room automation and control system, Guest experience management system, Integrated communication technology solutions, Network management system, Unified communications and collaboration, Mobile device management)-by Hotel Type(Business hotel, Heritage and boutique hotel, Resorts and spas, Others)-by Services (Professional service, Consulting service, System integration and deployment, Support and maintenance, Managed service)-by Deployment Model (On-premises, On-demand)–by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) is expected to reach US$ 18.12 Bn by 2026 at a CAGR of 25.5%.

Smart hospitality enables hotels to increase revenue with digital In-room entertainment systems and enhance their guest experience. Smart Hospitality provides HD free-to-guest channels, IPTV services, Interactive TV, and Wi-Fi for hotels. Various hospitality brands are able to personalize and customize both their back-end solutions and those that enable a more notable experience for the traveller. Smart Hospitality provides HD free-to-guest channels, IPTV services, Interactive TV, and Wi-Fi for hotels. It helps in improving customer satisfaction and experience. Smart hospitality includes smart hotels that use new and innovative technologies to cater to guests.

The growing demand for real-time optimized guest experience management, increasing adoption of Internet of Things (IoT), low operational costs and luring revenue generation, and energy management systems are some of the driving factors expected to propel the smart hospitality market.
High initial cost of deployment, and integration complexities over legacy systems are some of the restraining factors would hinder the growth of the smart hospitality market.

Hotel building automation system is likely to have large smart hospitality market size during 2018-2026
Hotel building automation system is expected to have larger smart hospitality market share during the forecast period. The hotel building technology has significantly changed over time, and various disciplines such building automation for facility & emergency response management, water management, parking management and building energy optimization are now being widely adopted in the hospitality sector. The adoption of hotel building automation software is propelled by the increasing demand for facility and energy-efficient methods.

Business hotels are likely to hold large market size during the 2018-2026
Based on hotel type, Business hotels are expected to have large market size during the forecast period, as business hotels provide their guests with unified communication capabilities that enable the guests to conduct conferences, meetings and connect to associates around the world. Thus many tour groups and small conference groups find these hotels attractive. In addition, these hotels deploy various mobile device-enabled technologies and building automation to provide a fascinating experience to the guests.
On-demand deployment model is expected to reach at a highest CAGR during 2018-2026

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