Global Facility Management for The Hotel Market Overview:
Facility management in the hospitality sector involves the management of administrative tasks such as reservation management, check-ins/checkouts, etc. as well as managing buildings, recreational facilities, and technical facilities & systems. Stiff competition between hotels and increasing emphasis on providing the best guest experiences with enhanced comfort and personalized services is a major growth driver of the facility management market in the hospitality sector. More hotels prefer adopting cloud-based hotel facility management solutions due to flexibility, reliability, and cost efficiency which is expected to pose significant growth in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Smart Building Technologies and Use of Digital Platforms for Predictive Maintenance and Automated Services
Market Growth Drivers:
Emphasize Providing Enhanced Comfort, Convenience, and Personalized Services to Guests and Growing Demand for Facility Management Solutions to Efficiently Manage Multifunctional Spaces
Challenges:
Frequent Upgradation in Technological Solutions
Restraints:
High Costs, Economic Uncertainty, and Cybersecurity Concerns May Hamper the Growth
Opportunities:
Implementation of Data-Driven Facility Management in the Hospitality Industry
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Jones Lang LaSalle IP, Inc. (United States), AltexSoft (United States), Cushman & Wakefield (United States), Sodexo (France), Dussmann Group (Germany), Cloudbeds (United States), Agilysys NV LLC. (United States), MaintainX (United States), IBM (United States) and Oracle (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Facility Management for The Hotel market by 2030. Considering Market by Offering, the sub-segment i.e. Software will boost the Facility Management for The Hotel market. Considering Market by End User, the sub-segment i.e. Luxury Hotels will boost the Facility Management for The Hotel market.
What Can be Explored with the Facility Management for The Hotel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Facility Management for The Hotel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Facility Management for The Hotel
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Facility Management for The Hotel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Facility Management for The Hotel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Telematics Solution Providers, Software Developers, Government Regulatory Bodies, Research Organizations, End User Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.