Product Code: ETC4423945 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The smart hospitality market in India exhibited robust growth with a notable CAGR from 2020-2024. Although the growth rate slightly moderated between 2023 and 2024, indicating a stabilization, the overall trend shows a significant expansion in import shipments over the period.
The India Smart Hospitality market focuses on leveraging technology to enhance the guest experience in hotels, resorts, and other hospitality establishments. It includes a range of solutions such as smart room controls, guest service apps, and contactless check-in/check-out processes. This market is growing as the India hospitality industry adapts to changing guest expectations and the need for operational efficiency. Technology integration in the sector is driven by the desire to create personalized and convenient experiences for guests.
The India Smart Hospitality Market is experiencing substantial growth due to the rising demand for personalized and tech-driven guest experiences. Smart hospitality solutions, including IoT devices, mobile apps, and automated check-in systems, enhance customer convenience and improve operational efficiency for hoteliers. Additionally, as the tourism industry in India continues to expand, the integration of technology-driven solutions not only streamlines hotel operations but also provides valuable insights through data analytics. Moreover, the increasing competition in the hospitality sector necessitates the adoption of innovative technologies to stand out and meet the evolving needs of modern travelers.
The IoT integration market faces challenges concerning interoperability and data integration. Integrating diverse IoT devices and systems into a unified platform and ensuring data flows seamlessly can be daunting.
To adapt to changing guest expectations and safety concerns during the pandemic, the smart hospitality market saw increased adoption of contactless check-in/check-out, keyless entry, and IoT-based room control systems.
In the smart hospitality market in India, key players are playing a crucial role in transforming the hospitality industry through innovative technologies. Companies such as Honeywell International India Pvt. Ltd., Siemens Limited, and Schneider Electric India Pvt. Ltd. are at the forefront, offering smart solutions that enhance guest experiences, optimize energy consumption, and improve operational efficiency in hotels and resorts. These players leverage IoT, automation, and energy management technologies to create intelligent and connected hospitality environments. Their commitment to innovation and sustainable solutions positions them as influencers in reshaping the future of smart hospitality in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Smart Hospitality Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Smart Hospitality Market Revenues & Volume, 2021 & 2031F |
3.3 India Smart Hospitality Market - Industry Life Cycle |
3.4 India Smart Hospitality Market - Porter's Five Forces |
3.5 India Smart Hospitality Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 India Smart Hospitality Market Revenues & Volume Share, By Services, 2021 & 2031F |
3.7 India Smart Hospitality Market Revenues & Volume Share, By Solution , 2021 & 2031F |
3.8 India Smart Hospitality Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.9 India Smart Hospitality Market Revenues & Volume Share, By End User , 2021 & 2031F |
4 India Smart Hospitality Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for personalized guest experiences |
4.2.2 Growing adoption of IoT and smart technologies in the hospitality industry |
4.2.3 Government initiatives promoting digital transformation in the hospitality sector |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing smart hospitality solutions |
4.3.2 Concerns regarding data security and privacy |
4.3.3 Lack of skilled professionals to manage and maintain smart technologies in hospitality establishments |
5 India Smart Hospitality Market Trends |
6 India Smart Hospitality Market, By Types |
6.1 India Smart Hospitality Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India Smart Hospitality Market Revenues & Volume, By Offering , 2021-2031F |
6.1.3 India Smart Hospitality Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 India Smart Hospitality Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Smart Hospitality Market, By Services |
6.2.1 Overview and Analysis |
6.2.2 India Smart Hospitality Market Revenues & Volume, By Professional Services, 2021-2031F |
6.2.3 India Smart Hospitality Market Revenues & Volume, By Managed Services, 2021-2031F |
6.3 India Smart Hospitality Market, By Solution |
6.3.1 Overview and Analysis |
6.3.2 India Smart Hospitality Market Revenues & Volume, By Property Management System, 2021-2031F |
6.3.3 India Smart Hospitality Market Revenues & Volume, By Guest Experience Management System, 2021-2031F |
6.3.4 India Smart Hospitality Market Revenues & Volume, By Integrated Security Management, 2021-2031F |
6.3.5 India Smart Hospitality Market Revenues & Volume, By Facility Management Software, 2021-2031F |
6.3.6 India Smart Hospitality Market Revenues & Volume, By Network Management Software, 2021-2031F |
6.3.7 India Smart Hospitality Market Revenues & Volume, By Point Of Sale Software, 2021-2031F |
6.4 India Smart Hospitality Market, By Deployment Mode |
6.4.1 Overview and Analysis |
6.4.2 India Smart Hospitality Market Revenues & Volume, By Cloud, 2021-2031F |
6.4.3 India Smart Hospitality Market Revenues & Volume, By On-premises, 2021-2031F |
6.5 India Smart Hospitality Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 India Smart Hospitality Market Revenues & Volume, By Hotel, 2021-2031F |
6.5.3 India Smart Hospitality Market Revenues & Volume, By Cruise, 2021-2031F |
6.5.4 India Smart Hospitality Market Revenues & Volume, By Luxury Yatches, 2021-2031F |
6.5.5 India Smart Hospitality Market Revenues & Volume, By Others, 2021-2031F |
7 India Smart Hospitality Market Import-Export Trade Statistics |
7.1 India Smart Hospitality Market Export to Major Countries |
7.2 India Smart Hospitality Market Imports from Major Countries |
8 India Smart Hospitality Market Key Performance Indicators |
8.1 Average daily rate (ADR) of smart-enabled rooms |
8.2 Percentage increase in repeat bookings post-implementation of smart technologies |
8.3 Energy efficiency improvements in smart hotels |
8.4 Guest satisfaction scores related to smart technology usage |
8.5 Percentage of revenue generated from ancillary services through smart technology integration |
9 India Smart Hospitality Market - Opportunity Assessment |
9.1 India Smart Hospitality Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 India Smart Hospitality Market Opportunity Assessment, By Services, 2021 & 2031F |
9.3 India Smart Hospitality Market Opportunity Assessment, By Solution , 2021 & 2031F |
9.4 India Smart Hospitality Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.5 India Smart Hospitality Market Opportunity Assessment, By End User , 2021 & 2031F |
10 India Smart Hospitality Market - Competitive Landscape |
10.1 India Smart Hospitality Market Revenue Share, By Companies, 2024 |
10.2 India Smart Hospitality Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |