Industry Background:
The global hotel management tools market is expected to grow at a good pace during the forecast period, according to the AMA study. Increasing demand for automation in hotel management operations and rising adoption of cloud-based hotel & hospitality management solutions are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
According to AMA Research, the market for Hotel Housekeeping Management Software is expected to register a CAGR of 7.75% during the forecast period to 2030. This growth is primarily driven by Rising Demand for Automation in Hotel Management
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Hibox Systems Ltd (Finland), TracNcare Inc (United States), Knowcross (United Kingdom), Quore (United States), RoomChecking (France), Amadeus Hospitality (United States), Hotelogix (India), Optii Solutions (United States), Flexkeeping (United Kingdom) and Leviy B.V. (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Sept 2020, Quore has been selected by Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc., as a brand standard to provide its software for its new preventative maintenance program., and In May 2020, LUXXE Outsourced Hotel Services announced its commitment to extend its partnership with Optii Solutions, the innovative hotel operations technology platform.
In May 2020, Optii Solutions launching Optii Service and Optii Chat with a fresh multicolored Optii logo and a brand new website to mirror the new service offering and global expansion of the company. Both products have been designed to address key pain points in hotel operations, such as repetitive ad hoc service tasks and poor communications due to inefficient radios and language barriers across teams.The Hotel Housekeeping Management Software market is fragmented and companies are launching a new hotel housekeeping management software according to the preferences and needs of hotels with advanced features. The companies are exploring the market by expansions, investments, new service launches, and collaborations as their preferred strategies.
Influencing Trend:
Technological Advancements in Hotel Housekeeping Management Software and Adoption of Cloud-Based Software
Market Growth Drivers:
Rising Demand for Automation in Hotel Management and Increasing Focus on Offering Enhanced Customer Service
Challenges:
High Cost of Setting up of Hotel Housekeeping Management Software
Restraints:
Lack of Technically-Skilled Personnel
Opportunities:
Increasing Number of Hotels Around the Globe and Rising Demand from the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hotel Housekeeping Management Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hotel Housekeeping Management Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hotel Housekeeping Management Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hotel Housekeeping Management Software Study Sheds Light on
The Hotel Housekeeping Management Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hotel Housekeeping Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hotel Housekeeping Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.