About Hotel PMS
Hotel property management system (PMS) refers to the platform which helps to operational functions of hotel or group hotel to manage the front-office tasks such as booking reservations, guest check-in & check-out, room allotment, managing room rate and billing system. Hotel PMS market has high growth owing to growth in the hospitality industry. Further, increasing demand for SaaS and cloud-based hotel PMS driving the demand of the market. In addition, increasing demand from the developing economies expected to drive the demand for hotel PMS market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hotel PMS market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RealPage, Inc. (United States), MRI Software LLC (United States), Console group (Australia), Oracle (United States), Cloudbeds (United States), FCS Computer Systems (Singapore), EZee Absolute (United States), Hoteliga (Poland), RDPWin (United States) and Sky Touch Hotel OS (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hotelogix (United States), Frontdesk Anywhere (United States), Northwind (Canada) and MSI Cloud (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hotel PMS market by , Application (Independent hotels and Group Hotels) and Region.
On the basis of geography, the market of Hotel PMS 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Use, the sub-segment i.e. Front Desk Staff will boost the Hotel PMS 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. On-Premise will boost the Hotel PMS market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Cloud-Based Hotel PMS and Emphasizing On Development of SaaS-Based Hotel PMS
Market Growth Drivers:
Growing Digitization in the Business Processes and Increasing Focus on Offering Enhanced Customer Service
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Issues Related With Interoperability of Hotel PMS and Lack of Technically-Skilled Personnel
Opportunities:
Increasing Demand from the Small and Medium Size Hotel and Rising Demand from the Developing Countries
15th May 2019, Verse Hotels in Indonesia selected Hotelogix, engaged in the cloud-based property management systems as their preferred technology partner for Cloud PMS to efficiently manage their multi-property operations.
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.