Hotel Logistics Market To Witness Enhanced Demand Owing To Rising Recognition Of The Hotel Industry Worldwide Till 2022 | Million Insights

November 05 19:45 2018

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According to new report available with Million Insights, The factors that propel the growth of the market include growing recognition of the hotel industry worldwide, rising demand for professional hotel logistics services, and robust growth of the travel and tourism industry across the world. The market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Global Hotel Logistics Market is anticipated to witness an exponential growth in the forecast period. The factors that propel the growth of the market include growing recognition of the hotel industry worldwide, rising demand for professional hotel logistics services, and robust growth of the travel and tourism industry across the world. The market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

There have been novel trends and technological advancements in the transportation sector including advanced fleet management systems (FMS) that gathers the essential data for users when connected to the vehicle’s onboard computer. Vehicle tracking component is the key element in the fleet management systems. Even if it is a GPS-based system, it may be based on a cellular triangulation platform. The information collected from the vehicle location, speed, and direction is further conveyed to a fleet management software application. This helps the hotel logistics service providers to track the shipment and offer real-time information.

Full Research Report On Hotel Logistics Market Analysis available at: https://www.millioninsights.com/industry-reports/hotel-logistics-market

The market may be explored by service type, application, and geography. Market may be explored by service type as Game Supplies and Equipment (GS&E), Operating Supplies and equipment (OS&E) and Furniture, fixtures, and equipment (FF&E). The “Furniture, Fixtures and Equipment (FF&E) service” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The key factors that may be attributed to the growth of the market include growing importance of contents such as fixtures, movable furniture, or other equipment in a hotel. Also, FFE logistics includes the interior furnishing of the entire hotel.

The key applications that could be explored in the Hotel Logistics Market include Childcare, Conference Facilities, Social Function Services, Swimming Pool and Business Centers. North America accounted for the major share of the market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include developing tourism, growing demand for hotel logistics. The United States is a major consumer to the market growth as it has some of the famous city destinations and several budget hotels.

Some of the key players that fuel the growth of the Hotel Logistics Market comprise DB Schenker, Crown Worldwide, TIBA, Kuehne + Nagel, Safeway Logistics, UniGroup Logistics, UPS, 3PL Links, Turn Key Hospitality Solutions and Beltmann Integrated Logistics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Global Hotel Logistics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Crown Worldwide

• DB Schenker

• Kuehne + Nagel

• TIBA

• UPS

• UniGroup Logistics

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/consumer-services

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