How big is the smart hotel market?

The global Smart Hospitality Market size was valued at USD 13.6 billion in 2022 and is expected to grow at a CAGR of 29.8% from 2022 to 2027. The revenue forecast for 2026 is projected to reach $49.9 billion. The base year for estimation is 2021, and the historical data spans from 2022 to 2027.



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Smart hotels are integrating eco-friendly technologies and practices into their operations to minimize their environmental footprint. This can include using energy-efficient appliances and lighting, implementing water-saving measures, and sourcing locally produced, sustainable food for restaurants.

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In short, a smart hotel enhances the guest experience with technology and utilizes technology to make operations more efficient. As innovation continues to rapidly improve hospitality-specific technology, hoteliers find more and more use cases for technology at their properties.

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Hotel automation allows front desk staff, housekeeping staff, and managers to streamline operations and reduce costs by making tasks more efficient. For example, many hoteliers utilise property management systems to manage room availability and ensure that they are able to offer the best available rates at all times.

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