About Digital Transformation in Hospitality Management
Digital transformation in hospitality management involves the digital advancement in the hospitality sector by digitalizing the asset, operation and increased use of the technology. As the digital transformation in hospitality management affects the customers, and process in hotels and thus impacting the experience of customers. With the COVID-19 situation worldwide there is an increasing need for the hospitality industry to restructure the technology and in managing the customer relationship for better service.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Control4 (United States), Genpact (United States), Mitel Networks Corporation (Canada), Cybage Software Pvt. Ltd (India), Accenture plc (Ireland), Oracle Corporation (United States), Hospitality Digital (Germany), Infor (United States), DXC Technology Company (United States) and Sabre Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Transformation in Hospitality Management market by , Application (Food and Beverages, Travel and Tourism, Lodging and Recreation) and Region.
On the basis of geography, the market of Digital Transformation in Hospitality Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Augmented Reality/Virtual Reality will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Management Staff will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Internet of Things (IoT) like Smart Rooms, Beacons & Tablets in the Digital Transformation in Hospitality Management and Increasing Use of Application in the Digital Transformation in Hospitality Management
Market Growth Drivers:
Demand for Better Customer Management in the Hospitality Management and Increasing Demand for the Enhanced Customer Stay at the Hotel
Challenges:
Requirements fo the Skilled Staff to Manage the Digital Transformation in Hospitality Management
Restraints:
Problems with the Technology Used in Hospitality Management Due to the Network Disruption Caused by the Environmental Problems
Opportunities:
Adoption of Augmented & Virtual Reality (AR / VR) in the Hotel's Exterior will Boost the Digital Transformation in Hospitality Management
On 4th February 2020, Koch Industries to acquire Infor, the investment and acquisition subsidiary of Koch Industries, has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. At the close of the transaction, Infor will become a standalone subsidiary of Koch Industries and will continue to be operated by the company's current management team from its headquarters in New York City.
Key Target Audience
Digital Transformation in Hospitality Management Providers, Digital Transformation in Hospitality Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.