QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience.
Los Angeles, CA -- (SBWIRE) -- 03/16/2019 -- A minibar is a small refrigerator, typically an absorption refrigerator, in a luxury hotel room. The hotel staff fill it with drinks and snacks for the guest to purchase during their stay. It is stocked with a precise inventory of goods, with a price list. The guest is charged for goods consumed when checking out of the hotel. Some newer minibars use infrared or other automated methods of recording purchases. These detect the removal of an item, and charge the guest's credit card right away, even if the item is not consumed. This is done to prevent loss of product, theft and lost revenue.
Hoteliers are obligated to modify their service offerings with the aim of not losing their guests to convenience stores in the proximity. Hotels are increasingly using these cellarets to deliver an exclusive experience to their guests and generate additional revenues, which is aiding to the growth of the industry. The prevailing demand from the mentioned sectors is expected to keep the market afloat over the forecast period as well. Increasing installation of minibars in hotel rooms, rendering favorable services to the guests' will further enhance the acceptance of these types of counters over the forecast period.
The shift in focus towards environment-friendly and automatic minibar from manual ones is expected to strengthen over the coming years. The use of automated counters minimizes the operational glitches observed during the final billing for the customer in line with their actual consumption. Competitors in the market are focusing on colorful, retro designs and product innovation for attracting more number of buyers. In addition, the steady increase in the number of studio, service and small apartments is expected to spur demand growth for minibars over the forecast period.
This report focuses on Minibars volume and value at global level, regional level and company level. From a global perspective, this report represents overall Minibars market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Get PDF report template @ https://www.qyresearch.com/sample-form/form/987449/global-minibars-market
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Segment by Regions
Segment by Type
Segment by Application
Commercial & Residential buildings
Get Complete Report in your Inbox within 24 hours @ https://www.qyresearch.com/settlement/pre/94ae0b1901acc86231ce5d7d2d423866,0,1,Global%20Minibars%20Market%20Share%20and%20Growth%202019
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.