Global Tech Savvy Hotel Chains Market Size study, By Price Level ( Luxury, Upscale, Midscale, Economy), By Room Capacity (Small, Medium, Large, Mega), By Application (Urban, Airport, Resorts, Other Applications), By Technology (Contactless Check-in, Tempe

Global Tech Savvy Hotel Chains Market Size study, By Price Level ( Luxury, Upscale, Midscale, Economy), By Room Capacity (Small, Medium, Large, Mega), By Application (Urban, Airport, Resorts, Other Applications), By Technology (Contactless Check-in, Temperature Control, Digitally Interactive Displays, Robotic Luggage Concierge), and Regional Forecasts 2022-2028

Global Tech Savvy Hotel Chains Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. 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 CityHub’s 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.

Major market players included in this report are:
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

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
By Application
Urban
Airport
Resorts
Other Applications
By Technology
Contactless Check-in
Temperature Control
Digitally Interactive Displays
Robotic Luggage Concierge
By Region:
North America
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

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Tech Savvy Hotel Chains Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

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

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