Global Hotel Property Management Software Market valued approximately USD 690 billion in 2018 is anticipated to grow with a healthy growth rate of more than 8.10% over the forecast period 2019-2026. The Hotel Property Management Software Market is continuously growing across the world over the coming years. Hotel property management system is defined as a platform that enables the group or a particular hotel to manage front office tasks, such as room assignment, guest check-in/check-out, booking reservations, managing billing, and room rates. In addition to helping the hoteliers run their business more efficiently and effectively, hotel PMS software can also assist hotel employees to gain insights regarding guest preferences and behavior and enhance the quality of the customer experience. Reduction in overall operational cost, increasing demand for real-time data analytics are the substantial driving factors of the market across the globe. In addition, increasing small and medium sized hotels in developing economies is the major factor which creating numerous opportunity in the market over the coming years. Hotel property management software enhance operational efficiencies, it helps to develop the business process & ensure customer retention and it improve customer engagement. These benefits are also propelling the demand of Hotel Property Management Software among its end-users across the world. However, complications in switching from conventional system is one of the major factors which limiting the market growth of Hotel Property Management Software over the coming years.
The regional analysis of Global Hotel Property Management Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/dominant region in the global Hotel Property Management Software market due to technological advancements and rising investments in R&D of companies in the region. Europe is also estimated to grow in the Hotel Property Management Software market over the forecasted period. Asia-Pacific is also expected to grow at higher growth / higher CAGR over the forecast period 2018-2025 owing to considerable growth of small and medium sized enterprises in the market along with rising industrialization.
The major market player included in this report are:
FCS Computer Systems
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Hotel Property Management Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers