About Hotel Property Management Software
Hotel property management software automates the marketing, booking, and billing of hotel rooms and other hotel services, it facilitates all the hotel facilities like reservation management and administrative work. There are a wide number of functions involves including the front desk operations, bookings, housekeeping, catering, payment, CRM, and various others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.7% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hotel Property Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hotelogix Inc. (United States), Protel PMS (Germany), Hoteliga (Poland), SabeeApp (Hungary), Cloudbeds (Digital Arbitrage Inc.) (United States), Mews Systems (United Kingdom), Mister Booking Company (France) and Sirvoy Ltd (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hotel Property Management Software market by , Application (Booking, Catering Service, Checkout and Others) and Region.
On the basis of geography, the market of Hotel Property Management Software has been segmented into 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). If we see Market by Pricing Option, the sub-segment i.e. Free Trial will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Built-in Accounting will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Property, the sub-segment i.e. Large Hotel will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emerging Use of Artificial Intelligence and Machine Learning in Hotel Property Management Software
Market Growth Drivers:
The Need for Automating the Process of Hotel Management and Demand for the Scheduling, Organising and Transacting Effectively and Efficiently for Hotels to Perform Better
Challenges:
Technical Issues and Troubleshooting Problems with Hotel Property Management Software
Restraints:
Prevailing Restrictions on Travel and Vacations is Hindering the Market
Opportunities:
Increased Spending on Promotion and Improved Customer Experience will Boost the Hotel Property Management Software Market
Market Leaders and their expansionary development strategies
In July 2023, HotelPort launched custom hospitality software development & platform integration services. This launch will help HotelPort to maintain its position in the competitive market.
On 3rd December 2020, Mews, the fastest-growing SaaS property management system (PMS) for hotels and hostels, has acquired the largest Belgium-based software-provider Winner Hotel Software. The strategic partnership between two premier property management systems will expand Mews' reach and bolsters its position as the fastest-growing PMS solution in the world. The deal means customers of Planet Winner, a founder-owned and custom-built platform with more than two decades experience serving the hotel industry, will have access to cloud-based functionality allowing them to access their PMS anytime, from anywhere.
Key Target Audience
Hotel Property Management Software Developers, Hotel Property Management Industry Associations, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.