Market Highlights:
The reservation software manages reservations for the hospitality industry, including web-based and on-site solutions. Reservation and booking systems are computerized systems for storing and retrieving information and conducting transactions related to air travel, hotels, rental cars, or other activities. The software automates the management of the online reservation and booking inquiries and thus significantly reduces the likelihood of incorrect or double bookings. The market study is being classified by Type (Cloud-Based and On-Premise) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Reservation and Booking Software are Innkey Infosystems (India), DJUBO (India), Roomify (United States), Goodbox (India), eZee Technosys Pvt. Ltd. (India), Atulyam Hotelline Solution (India), Hyper Drive Solutions, Inc. (United States), Dataman Computer Systems (India), AxisRooms (Malaysia), 360 Mango Solutions (India), Mindbody Online (United States) and Sierra ODC (India).

The Enterprise Size, such as Large Enterprises, is boosting the Reservation and Booking Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Functionality, such as Appointment Scheduling, is boosting the Reservation and Booking Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Pricing, such as Monthly Subscription, is boosting the Reservation and Booking Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End User, such as Hospitality, is boosting the Reservation and Booking Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In May 2022, InnKey received a strategic investment from Yanolja Cloud. With this strategic investment, InnKey plans to expand its enterprise cloud platform into full-service segments ranging from mid-sized hotels to large global chains and offer them globally. Yanolja Cloud's support is a strong validation of our deep domain knowledge and state-of-the-art cloud technology and our experienced InnKey management team.
In January 2023, Marriott International and Groups360 launched instant bookings for Marriott's portfolio of hotels in the United States and Canada. Marriott International is the first brand to directly integrate with Groups360 to offer "Instant Book" capabilities for both rooms and meeting space at scale in the GroupSync Marketplace, giving planners a streamlined booking process with the click of a button.

Key Questions Answered in the Report
What will the Reservation and Booking Software Market size and the growth rate be in Future?
What are the key factors driving the Reservation and Booking Software Market?
What are the key market trends and macro-economic impacting the growth of the Reservation and Booking Software Market?
What are the challenges to market growth?
Who are the key vendors in the Reservation and Booking Software Market?
What are the market opportunities and threats faced by the vendors in the Reservation and Booking Software Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Reservation and Booking Software Market?

Refer complete Table of Content of Reservation and Booking Software Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reservation and Booking Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reservation and Booking Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Reservation and Booking Software, End-Users, Potential Investors, Market Research Firms and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.