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Mini Bar Market Share, Size,Growth, Segmenatation, Outlook and
Forecasts to 2024 | Hexa Research
“ The global minibar market size to reach USD 1.49 billion by 2024.”
28 November 2018
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.
Browse Details of Report @ https://www.hexaresearch.com/research-report/minibar-market
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
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