Economic Implication of IoT Devices Security in The Hospitality: A Comprehensive Evaluation

The introduction of IoT devices in the hospitality industry has greatly improved the satisfaction of guests and the efficiency of operations. It is important to identify the economic outcome by introducing such technology in the hospitality industry. The hospitality industry is known as a labour intensive and highly personalised industry. Identifying the use of IoT technology and how this will economically impact it can help to formulate a plan for introducing IoT technology further in the hospitality industry. This research is designed to pinpoint the economic effect of IoT devices in the hospitality industry. The outcome of this research will have a global acceptance, as the era we live in moves toward a path that adopts technology in every step. Recognizing economic implications can help stakeholders in developing strategic plans for introducing IoT based environments in the hospitality industry.