Hotel Logistics Market Scope
Logistics is the process of transporting and storing things from their point of origin to their point of consumption. Initially, logistics were used for military purposes, which included material purchase, maintenance, and transportation. Logistics is primarily the science of supply chain management in the commercial sector, and it is the managing of the specifics of an operation in the hotel industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Crown Worldwide (China), DB Schenker (Germany), Kuehne + Nagel (Switzerland), TIBA (Spain), UPS (United States), UniGroup Logistics (United States), 3PL Links (Canada), Beltmann Integrated Logistics (United States), Safeway Logistics (United States) and Kaizen Properties (United Kingdom) |
CAGR | 3.0% |
Some of the major key players are contributing their share for increasing the market growth and those key players are Crown Worldwide, DB Schenker, Kuehne + Nagel, TIBA, UPS respectively. Infrastructure development by local governments and other amenities, on the other hand, is attracting businesses and visitors due to factors such as technological advancement and service improvements. Additionally, Mergers and acquisitions, expansions, investments, new service launches, and collaborations are among the companies' favored techniques for exploring the market. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Hotel Logistics market throughout the predicted period.
Crown Worldwide (China), DB Schenker (Germany), Kuehne + Nagel (Switzerland), TIBA (Spain), UPS (United States), UniGroup Logistics (United States), 3PL Links (Canada), Beltmann Integrated Logistics (United States), Safeway Logistics (United States) and Kaizen Properties (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Ukrstal Construction (Ukraine) and wanzl gmbh & co (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hotel Logistics market by Type , by Application (Social Function Services, Conference Facilities, Business Centers, Swimming Pool, Childcare and Others) and Region with country level break-up.
On the basis of geography, the market of Hotel Logistics 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2023, Texas, has acquired Techsembly, a leading hospitality e-commerce provider based in London, with offices in Singapore, Hong Kong, and Pakistan. The terms of the transaction have not been disclosed. Techsembly raised approximately USD 1.1 million in 2021 from SuperSeed Ventures and other private investors.
In January 2024, SBE, the privately-held leading international lifestyle hospitality group that develops, manages and operates world-class hotels, restaurants, lounges and nightclubs, and Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels spanning over 95 countries, announced today the launch of a new smart lifestyle brand under the working title, Project HQ Hotels & Residences.
Influencing Trend:
Advanced Technology in the Transportation sector and Increasing travel and tourism industry around the globe
Market Growth Drivers:
Increasing Tourism Is Influencing the Demand for Hotel Logistics Providers to Offer High-End Logistics and Supply-Chain Solutions, Increasing demand For Professional hotel logistics services and High-Quality Staff and Effective CRM Program
Challenges:
Changing Government Policies related to Transportation
Restraints:
High-Cost Services and Strong Existing Competitors
Opportunities:
Increasing Investment Opportunities for the hotel logistics market and New Government Subsidies
Key Target Audience
Hotel Logistics Company, Government bodies, Research Institutes and Venders and investors