About Hotel Operating System
The hotel operating system is used to manage the day to day operations involved in the hospitality industry. This system is used to manage rooms to engaging with guests in restaurants, hotels, lodges suites resorts, etc. features like hostel administration management, POS inventory, payroll, internet booking software, and interfaces contribute to the hostel operating system. The hotel operating system consists of multiple scalable modules that work together to achieve the desired objectives of the hotel industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The hotel operating system companies are planning in research & development and launch a new hotel operating system according to the preferences and needs of hotels worldwide with advanced features. They are also focusing on introducing new features for marketing and customer relationship building. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hotel Operating System 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.
Oracle Corporation (United States), Digital Arbitrage Inc. (Cloudbeds) (United States), Guesty (Israel), World Web Technologies Inc. (WebRezPro) (Canada), Frontdesk Anywhere Inc. (United States), NewBook Pty Ltd (Australia), FCS CosmoPMS (Singapore), Northwind Software Corporation (Maestro PMS) (Canada), Shiji Group (China) and MSI CloudPM (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hotel Operating System market by , Application (Large Size Hotel and Small-Medium Size Hotel) and Region.
On the basis of geography, the market of Hotel Operating System 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 Platform, the sub-segment i.e. Desktop will boost the Hotel Operating System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modules, the sub-segment i.e. Hotel Administration will boost the Hotel Operating System 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-based will boost the Hotel Operating System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Voice-activated Virtual Assistants and Chatbots in Hotel Operating System
Market Growth Drivers:
Rising Number of Hotels Around the Globe and Increasing Global Tourism Activities in Developed Countries
Challenges:
High Cost of Setting up of Hotel Operating System
Restraints:
Prevailing Use of Outdated PMS System Might Hinder the Hotel Operating System
Opportunities:
Surging Spending on Hospitality Management and Technological Advancements in Hotel Operating System
Market Leaders and their expansionary development strategies
In January 2024, IBS Software, a leading SaaS solutions provider to the travel industry globally, has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services. The USD 90 million transaction will further solidify IBS Software’s position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.
In July 2023, HotelPort launches custom hospitality software development & platform integrgration services has aimed at improving guest experience services, hospitality tech company, HotelPort, in partnership with GP Solutions, has launched Hospitality software develop
Key Target Audience
Hotel Operating System Developers, Hotel Operating System Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.