Minibar Market Overview, Future Trends and Growth Opportunities
The global minibar market size was valued at USD 1.15 billion in 2016 and is expected to witness growth on account of rising use of these products by the hospitality and recreational markets at large. Hoteliers are obligated to modify their service offerings with the aim of not losing their guests to convenience stores in the proximity.
(firmenpresse) - 23 January 2019, the global Minibar Market size to reach USD 1.49 billion by 2024, owing to the transformation, growth, and emergence of the hospitality industry worldwide. With the rise in the demand for customer satisfaction and necessity of enhancing profitability in the hotel industry, the demand of minibars is estimated to grow over the forecast period. In addition, the increasing prerequisites of consumers and guests for hassle free services, high comfort, facilities, and luxury while travelling and their stay at elite hotels is anticipated to encourage the market growth. This in turn is expected to reassure the hotel industry to focus on providing value added services such as safety box, laundry, Wi-Fi, ironing, dry cleaning, minibars, in-room dining and others. One of the services offered by exclusive hotels nowadays is the in-room minibars, which adds to customer experience.
The prevailing rate of installation of minibars in rooms of luxury hotels poses growth potential for the global minibar market. Cherishable customer experiences results in enhanced customer loyalty and promotes continued association of customers in future as well, which in turn fuels the growth of minibar market on a global scale.
In terms of product type, the automatic minibars market is expected to grow driven by rise in technological advancements, and use of automated systems in the hospitality industry to ensure privileged services and ensure hassle-free customer handling.
The market for absorption minibars market is estimated to develop swiftly on account of the existing properties such as environment friendly, completely silent, highly reliable, energy efficient, and offers an extended service life. With the rise in technological advancements, automatic minibars can detect missing items, charge the guests based on the usage of the products using sensors and can be synchronized with the property management system (PMS) of hotels. The use of minibars owing to the features offered by them such as fully automated systems which solve issues faced by hotels and offices at operational levels is projected to fuel the overall market growth over the forecast period. The use of minibar in hotels to deliver customer satisfaction is expected to support the market growth for the global minibar market during the forecast period.
In terms of geography, the use of minibars in Asia Pacific is estimated to develop the fastest owing to the budding commercial and hospitality sector, growing tourism, and large customer base in the hospitality, recreational, and other commercial spaces.
Hexa Research has segmented the global mini bar market report based on product type, technology, application and region:
Segmentation by product, 2014 - 2024 (USD Million)
Segmentation by technology, 2014 - 2024 (USD Million)
Segmentation by application, 2014 - 2024 (USD Million)
& Residential buildings
Segmentation by region, 2014 - 2024 (USD Million)
& South America
& Africa
Key players analyzed
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales(at)hexaresearch.com
Website: https://www.hexaresearch.com
Datum: 23.01.2019 - 03:54 Uhr
Sprache: Deutsch
News-ID 1546000
Anzahl Zeichen: 3957
contact information:
Contact person: Ryan Shaw
Town:
Felton
Phone: +1-800-489-3075
Kategorie:
Travel & Hospitality
Typ of Press Release: Financial
type of sending: send
Date of sending: 23.01.2019
Anmerkungen:
Diese Pressemitteilung wurde bisher 714 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Minibar Market Overview, Future Trends and Growth Opportunities
"
steht unter der journalistisch-redaktionellen Verantwortung von
Hexa Research (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
