Hotel and hospitality management software is used to aid in the hotel, restaurant, spa, and other hotel-based recreational operations. This software mainly assists with ordering, billing, inventory management, queue management, guest response management, and others.
The rapid growth in the tourism and the hospitality industry is the major factor driving the growth of the hotel and hospitality management software market. Tourism and hospitality industry is considered as the third largest sub-segment in the services sector which includes trade, repair services, hotels, and restaurants. Business hotels contribute a major share in the growth of the hotel and hospitality management software market. The increased facilities that are provided by the business hotels such as unified communication capabilities help the business people and other guests to conduct meetings and conferences. Thus it is estimated that this segment will register a comparatively high growth in the future years.
Market Analysis and Insights: Global Hotel and Hospitality Management Software Market
The global Hotel and Hospitality Management Software market size is projected to reach USD 3637.2 million by 2027, from USD 2540.7 million in 2020, at a CAGR of 5.2% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Hotel and Hospitality Management Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Hotel and Hospitality Management Software market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Hotel and Hospitality Management Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Hotel and Hospitality Management Software market.
Global Hotel and Hospitality Management Software Scope and Market Size
Hotel and Hospitality Management Software market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Hotel and Hospitality Management Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Leading Key Players In the global Hotel and Hospitality Management Software Market 2022:
- Oracle
- Infor
- Protel hotelsoftware
- Sabre
- ASSD
- Delta Software
- eZee FrontDesk
- innRoad
- Intertec Systems
- iRiS Software Systems
- Jonas Software
- Trawex
- Winsar
- Cloudbeds
- Frontdesk Anywhere
- Hotelogix
- Maestro PMS
- MSI
- RDPWin
- Guestline
- InnQuest
- Chinasoft International
Driving Factors for the growth of the Hotel and Hospitality Management Software Market:
The Increasing use of Hotel and Hospitality Management Software in Under 200 Rooms, 200 to 399 Rooms, 400 to 700 Rooms, More than 700 Rooms is driving the growth of the Hotel and Hospitality Management Software market across the globe.
Which product segment is expected to garner highest traction within the Hotel and Hospitality Management Software Market In 2022:
Based on product, the Hotel and Hospitality Management Software market is segmented into On-premises, SaaS-based and other. The Hotel and Hospitality Management Software products segment dominated the Hotel and Hospitality Management Software market in 2022. Rising incidences and new product launches expected to drive the segment growth.
Which regions are expected to dominate the Hotel and Hospitality Management Software Market:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Number of Pages in Hotel and Hospitality Management Software Market Report is 129 with Deatailed Analysis
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