The global hotel logistics market is expected to grow at a CAGR of above 3% during the period 2018-2022, according to a new market research study by Technavio.
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Technavio has published a new market research report on the global hotel logistics market 2018-2022 under their transportation and logistics library. (Graphic: Business Wire)
The report categorizes the global hotel logistics market by service type, including FF&E, OS&E, and GS&E. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: growing hotel industry worldwide and surging demand for professional hotel logistics services
Hotel facilities vary in size, cost, and function. Social function services, conference facilities, business centers, swimming pool, and childcare are some of the facilities provided by hotels. Aggressive branding strategies adopted by key players are driving the hotel industry market. The hotel industry in North America is the fastest and largest growing in the world. Countries such as the US consist of a number of budget hotels. The US has some of the famous city destinations that is driving the hotel industry in the region.
According to a senior analyst at Technavio for logisticsresearch, "The demand for professional hotel logistics services that offer high-end logistics and supply chain solutions with VAS such as packaging, management information system services in the logistics supply chain, is witnessing tremendous growth. The hotel logistics services are being outsourced by hotels to third-party logistics service providers as they provide specialized service."
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Market trend: technology advances in transportation sector
Advanced fleet management systems (FMS) gathers the required data for users when connected to the vehicle's onboard computer. Vehicle mileage and fuel consumption data is gathered into a global statistics scheme. Vehicle tracking component is the major function in fleet management systems. Even though it is a GPS-based system, it can be based on a cellular triangulation platform. The information gathered from the vehicle speed, location, and direction; it is transmitted to a fleet management software application. This helps hotel logistics service providers in tracking the shipment and provide real-time information.
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Some of the players in the global hotel logistics market
- DB Schenker
- Kuehne Nagel
- TIBA
- UPS
- UniGroup Logistics
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