About Hotel Internet Booking Engine
A hotel booking engine is an application on hotel websites that securely processes online reservations. An online booking engine works by inserting itself into the hotel website and processing secure online reservations made through the website. This means that guests can book their rooms without ever being on the official website or any other online travel site. It is a very convenient way for travelers to make a reservation. The booking engine displays prices and availability in real-time and allows guests to select their dates and complete the reservation. Other related functions include the automation of reservation confirmation emails. A booking engine can also be integrated into a channel manager so that it can be operated and managed in the same way that the online travel agencies are connected.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hotel Internet Booking Engine 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.
SynXis (United States), Hotel Link Solutions (Hong Kong), RoomRaccoon (Netherlands), DJUBO (India), InnQuest Software (United States), Roiback (Spain), AxisRooms (India), IBC Hospitality Technologies (United States), MyHotelZone (India) and Travelline (Estonia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GlobeRes (Switzerland) and BookingSuite (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Hotel Internet Booking Engine market by Type (Cloud-Based and Web-Based), Application (Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels and Others) and Region.
On the basis of geography, the market of Hotel Internet Booking Engine 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 Subscription Type, the sub-segment i.e. Monthly will boost the Hotel Internet Booking Engine 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. Submit Offers & Contracts will boost the Hotel Internet Booking Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Used, the sub-segment i.e. Mobile will boost the Hotel Internet Booking Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of New Technologies for Hotel Internet Booking Engine and High Adoption of Cloud-Based Software
Market Growth Drivers:
Features Such as Reporting, Tracking, and CRM, Increasing Need for Customer Relationship Management and Developing Internet Penetrations Across the Emerging Economies
Challenges:
High Costs Associated with the Installation and Development
Restraints:
Increase in Occurrences of Failed Transactions and Growing Consumer Concern Regarding Data Security
Opportunities:
Advancement in the Tourism Sector, Increasing Demand for Hotel Internet Booking Engine Across the Globe and Technical Advancement in Online Booking Software
Market Leaders and their expansionary development strategies
In April 2023, Hotel Link Awarded Booking.com Premier. This recognition highlights our dedication to empowering hotel businesses on the Booking.com platform with an efficient, reliable connection that will help them increase their revenue opportunities while reducing operational costs and manual processes associated with managing bookings from multiple channels.
In May 2020, Supranational Hotels, the leading provider of hotel distribution technology and sales and marketing representation, has officially launched its new Internet Booking Engine (IBE) after a successful trial period with existing hotel members.
Key Target Audience
Providers of Hotel Internet Booking Engine, Downstream Vendors, Private Research Institutes, Market Research Organizations 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.