Hoteliers turning to property-wide building energy management systems - Insights

Hoteliers turning to property-wide building energy management systems

NavigantResearchHotel operators are under pressure to deliver improved financial performance at the property level in spite of a stagnant economy. In response, they are turning to building energy management systems that operate on a property-wide, rather than room-by-room, scale in order to increase energy savings and maximize guest comfort.

According to a recent report from Navigant Research, worldwide revenue from networked energy management systems for the hospitality industry will grow from $287.9 million annually in 2014 to $847.8 million in 2020.

“Guest room energy management is going through a dynamic period of transition from autonomous, room-centric HVAC control to property- and portfolio-wide integrated energy monitoring, control, and management,” says Eric Bloom, principal research analyst with Navigant Research. “By 2020 these networked systems will represent 88 percent of total energy management system revenue in the lodging and hotel sector.”

The similarity in core functionality among products and the number of vendors now in the industry are exposing solutions providers to increasingly intense competition throughout the sales cycle, according to the report. These forces are driving a broad shift in the sector as the focus of innovation and differentiation moves from hardware to software and services.

The report, “Energy Management in the Hospitality Industry”, analyzes the current state of the market for hotel guest room energy management systems, including the related hardware, software, and services components. It outlines the market and technology issues that are affecting the growth and adoption of guest room energy management systems (GR-EMSs) around the world. Global market forecasts for the GR-EMS market, with separate breakdowns by product and hotel segment, system type, and region, extend through 2020. The report also examines the competitive landscape, as well as the best practices and market trends that will shape energy management in the lodging industry for the rest of the decade. An Executive Summary of the report is available for free download on the Navigant Research website.

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