The Hotel And Hospitality Management Software Market, in terms of revenue, was valued at US$ 3,095.7 Mn in 2017 and is expected to reach US$ 4352.1 Mn by 2022.Hotel and hospitality management software is designed for all areas of hotel operations in order to automate and manage operational processes and assist staff / management to gather business intelligence and analyze vital information in real-time. The sector has great potential for encouraging the overall economic growth and improving the social environment. Hotel and hospitality management industry has become one of the fastest growing industries in the world. It covers accommodation and catering sectors, as well as travel agencies services. Hotel management software technology allows hotel operators and owners to streamline their administrative tasks by increasing their bookings in both the short and long term.
For instance, GP Dati Hotel Service SpA is a software house for the hotel sector and is engaged in designing solution for both strategic and operating requirements of hospitality organizations. The hospitality organizations consists of independent hotels to international and Italian chains, residences to tourist villages and consortia such as call centers & reservation centers. The company’s partnership and collaboration include Oracle and other institutional agencies such as International Research Center for Tourism Economics, business organizations and consultancy companies.
Top Key Players includes in Hotel and Hospitality Management Software Market: Johnson Controls, Jonas Software, NEC Corporation, Oracle Corporation, Protel hotel software GmbH. Schneider Electric, Siemens AG. Sabre, Trawex, Winhotel Solution, WINSAR, ASSD, Cisco Systems, Inc., eZee FrontDesk, Huawei Technologies Co. Ltd., Honeywell International, Inc., IBM Corporation, Infor, Intertec Systems, and iRiS Software Systems among others.
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Hotel and Hospitality Management Software Market, by Hotel Type
Global market based on the hotel type is classified as business hotels, heritage & boutique hotels and resorts & spas. Business hotels held the largest share in global hotel and hospitality management software market and is anticipated to exhibit the fastest growing segment over the forecast period. Growing demand from business and leisure travelers worldwide and rapid rise in number of business travelers due to expanding economy is responsible for the growth of business hotels.
Hotel and Hospitality Management Software Market, by Region
In the global market, Asia Pacific is expected to be the leading market during the forecast period. It has been the fastest growing tourist destination for travel in the world. Some of the famous tourist destination places in South East Asia include Hong Kong and Singapore. Expanding middle class income in the region is boosting the growth of Asia Pacific hotel and hospitality management software market. China is found to be one of the fastest growing outbound travel markets which is benefiting from higher incomes, relaxed limitations on foreign travel, improved internal infrastructure and other investments.
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