openPR Logo
Press release

Global Hotel and Hospitality Management Software Market Estimated to Reach US$ 4352.1 Mn by 2022, due to the growth in the hospitality and tourism industry

05-22-2018 11:38 AM CET | IT, New Media & Software

Press release from: Absolute Markets Insights

Global Hotel and Hospitality Management Software Market

Absolute Markets Insights offers its latest published report ‘Hotel and Hospitality Management Software Market by Hotel Type (Business Hotels, Heritage and Boutique Hotels, Resorts and Spas); by Type (Hotel Operation Management System, Integrated Security System, Hotel Building Automation Systsssem, Guest Service Management System, Integrated Communication Technology Solutions); by Deployment Type (On-Premises, SaaS-Based); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Rest of the World) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018-2026.’

The author of the report analyzed that the global hotel and hospitality management software market accounted for US$ 3095.7 million in 2017. This industry is a fastest growing industry throughout the world. The prices of the hotels depend upon the service and amenities provided. The changing trends in consumer behavior and technology are opening up opportunities for new software to be developed. Due to its potential to attract large number of tourists the hotel industry is adopting new technologies such as customer relationship management and latest security systems and software.
Get Sample Copy of this Report @
https://www.absolutemarketsinsights.com/request_sample.php?id=35

Increase in interest among people to experience adventure & entertainment is fueling the growth. There is an increased adoption of the hotel and hospitality management software due to the increasing need to minimize the expenditure and the operational costs. It also reduces the dependency on the manual processes. Software efficacy can be hampered due to power outages, virus attacks which may deter the market growth. However, there has been innovations & up gradations regarding the same to overcome such restraints. Hotels are looking for an opportunity to improve their efficiency and productivity which has led to the development of hotel management platforms. The time saved from hotel management functionality is expected to strengthen the demand for the hotel and hospitality management software. With government initiatives and commitments by the private sector into infrastructure and transport linkages, hotel investors are looking for future growth opportunity in the hotel and hospitality management software market.

Business Hotels Anticipated to be the Dominant Segments During the Forecast Period, 2018-2026
Among the hotel type, business hotels are a dominant segment holding the largest market share moreover, they are also expected to be the fastest growing market during the forecast period. Increasing trends of western lifestyles has also accelerated the demand for business meetings. Increasing number of business travelers coupled with demand for better service is fueling the hotel and hospitality management software market growth.

For more Information:
https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=35

Rising Demand for Software Solutions to drive the Market in Asia Pacific
Tourism in the Asia Pacific region is continuously flourishing with the growth in outbound tourism from China due to increasing household incomes, relaxation of visa policies and the enhancement in the international air connectivity. Technology advancement has created online platforms for hosts to easily offer rooms and apartments on short term rentals. For instance, Airbnb is the market leader in this category which covers 191 countries renting over 2 million rooms and apartments. Other notable players in the segment include HomeAway, FlipKey, Rommorama, and operators such as Tujia in China and Homie in Singapore. According to Singapore Tourism Board, tourists from China ranked as the lowest spending market on accommodation (18%) which is far behind the Australians (28%), Indians (35%), Japanese (35%), and South Koreans (36%). Vietnam focuses on developing its tourism infrastructure. Marriott International announced the debut of the Fairfield by Marriott brand in Greater China with the opening of Fairfield by Marriott Nanning Nanhu Park. Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China and is estimated to target aggressive growth in different cities across China in the next five years.

Ask for discount@
https://www.absolutemarketsinsights.com/ask_for_discount.php?id=35

Hotel and Hospitality Management Software Market is Fragmented with the Presence of Global and Regional Players
Major participants in global hotel and hospitality management software market are 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. In 2015, NEC Corporation launched NEC integrated portfolio of smart solutions for the international hospitality industry that includes communications platforms, unified communications (UC) applications, property management systems (PMS), facial recognition systems, digital signage and guest room management systems.

• Hotel and Hospitality Management Software Market – By Hotel Type
o Business Hotels
o Heritage and Boutique Hotels
o Resorts and Spas

• Hotel and Hospitality Management Software Market – By Type
o Hotel Operation Management System
o Integrated Security System
o Hotel Building Automation System
o Guest Service Management System
o Integrated Communication Technology Solutions

• Market By Deployment Type
o On-Premises
o SaaS-Based

• Market By Region
o North America
 U.S.
 Rest of North America
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Rest of Europe
o Asia Pacific
 China
 Japan
 India
 Southeast Asia
 Rest of Asia Pacific
o Middle East and Africa
 GCC Countries
 Southern Africa
 Rest of Middle East and Africa
o Latin America
 Brazil
 Rest of Latin America

Buy report @
https://www.absolutemarketsinsights.com/checkout?id=35

Absolute Markets Insights is a global market research company taking into account leading businesses, colleges, universities, non-profit organizations, and government foundations. Absolute Markets Insights is dedicated to presenting you an ideal blend of data parameters. Our reports depend on the research and analysis that covers a magnitude of factors, for example, industry research, market sizing and forecasts, technological advancements, innovation trends, financial growth, pricing trends, competitive insights, and an in-depth study of market segments.

Our analysts are focused on providing autonomous experiences, by helping you execute better strategies with unbiased insights and conclusions, consistent specifics, and right responses to every one of the inquiries you may have. We serve customers in every aspect of the strategy, including sustainability trends, customer insights, technology evolution, distribution channel assessment, product development, exploring new markets and taking advantage of lucrative growth opportunities.

1 st Floor, The Work Lab,
Model Colony, Shivajinagar, Pune, MH, Pin – 411016

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Hotel and Hospitality Management Software Market Estimated to Reach US$ 4352.1 Mn by 2022, due to the growth in the hospitality and tourism industry here

News-ID: 1057759 • Views:

More Releases from Absolute Markets Insights

Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Google Inc., Microsoft Corporation, Apple Inc., and Qualcomm Technologies Inc.
Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Goog …
The latest report, Global Gesture Recognition Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by 2031 Research on Latest Technologies by Absolute Markets Insights
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by …
Global Blockchain Identity Management Market Report is a compilation of comprehensive research studies on various aspects of the Blockchain Identity Management Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global Blockchain Identity Management Market. Market participants can use this powerful tool when creating effective business plans or making important changes to their
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute Markets Insights
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute …
Global Payment Software Market was valued at USD 240 million in 2023 and is anticipated to exceed USD 510 million by 2031. The Global Payment Software Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By 2031 | CAGR 48.29 %: Absolute Markets Insights
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By …
A New Market study by Absolute Markets Insights on the Global Artificial Intelligence in Healthcare Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in

All 5 Releases


More Releases for Hotel

Gaming Hotel Market 2022 COVID 19 Impact Analysis, New Technology, Demand and Op …
Gaming Hotel is one of the most reliable markets and segmented by manufacturers, regions, type and application. It has arranged and managed information regarding the analysis of various companies, their revenue, price and volume in various regions. The report also provides a forecast for the global Gaming Hotel market from 2022-2028. This will help readers to get an idea about how the market will perform in the coming years so
Capsule Hotel Market Forecast 2020-26, Super Hotel, Tokyo Ginza Bay Hotel
The latest study on the Global Capsule Hotel market report represents a deep appraisal of the international industry. The research report on the worldwide Capsule Hotel market 2020-2026 sheds light on qualitative as well as quantitative insights, historical Capsule Hotel industry status and authorized projection related to the Capsule Hotel market size. Each and every segment exhibited in this report are discovered through verifiable research methods
Worldwide Report on Hotel Booking Market 2019-2026 with Top Key Player Profiled …
The Hotel Booking industry is one of the key areas that promote the growth of the Hotel Booking industry at a global level. The booming travel and tourism industry is one of the key factors driving the demand in the Hotel Booking industry. In addition, as a multitude of multinational corporations have widened their base around the world, the number of business travelers who are activating the Hotel Booking industry
2019 to 2026 Thriving Worldwide Report on Global Hotel Booking Market Top Key Pl …
This report on global Hotel Booking market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for Hotel Booking .Collecting historical and recent data from various authentic resources, and depending on
Popular Phoenix Hotel - Howard Johnson International Airport Hotel
Our focus has been on customer care and we pride ourselves in the fact that we have testimonials from satisfied customers to support our claim. Our staff is courteous, friendly and ready to attend to your needs 24x7 with a very personalized service. Stay with us once and decide yourself whether our claims are authentic or not. Laced with all contemporary facilities, Howard Johnson International Airport Phoenix comes with features that
Hanoi Welcomes New Budget Hotel “Hanoi Spark Hotel”
Roving reporter and travel writer Alejandra Simiz reports from down town Hanoi, Vietnam. On my most recent assignment I decided to take a few days off in Hanoi as it had been several years since I was last here and wanted to see what impact tourism in general had made on the Vietnamese culture. Hanoi, Vietnam, March 17, 2011 -- To my surprise, what I did find was that good budget,