Trend Expected to Guide Hotel and Hospitality Management Software Market from 2020-2029: Growth Analysis by Manufacturers, Regions, Type and Application

Hotel and Hospitality Management Software Market:
The Hotel and Hospitality Management Software Market helps hotels in daily operations, such as manage reservations, point of sale transactions, guest check-ins, and coordinate housekeeping. It also enhances the guest experience using CRM (customer relationship management). 

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To ease such operational overload, hotel and hospitality management software (HMS) has gained traction in the hospitality industry. HMS market is imperative and likely to gain great importance in the coming years.

The Major Players Covered in this Report:
Cisco Systems Inc.
Huawei Technologies Co. Ltd.
IBM Corporation
Infor
Honeywell International
Johnson Controls
NEC Corporation
Oracle corporation
Protel hotel software GmbH.
Reznext
Sabre Hospitality
Schneider Electric
Travelclick
Trawex
Winhotel Solution
& more...

By Product Type:
CRS (Central Reservation System)
Channel Manager
Booking Engine
Digital Services
Property Management
Other

By Hotel Type:
Business Hotel
Resorts and Spas
Boutique Hotel
Others

By Deployment Model:
On-Premise
On-Cloud

By Services:
System and Integration
Professional Services
Managed Services
Other

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Hotel and Hospitality Management Software in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Hotel and Hospitality Management Software market during the forecast period 2021-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia.

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The Impact of COVID-19 on Tourism: The pandemic had compelled a lockdown across the world. Initially, it had temporarily shut down public places such as hotels, tourist spots, clubs, restaurants, and others. Further, the tremendous travel restrictions both domestic and international across the globe restrained the growth of the market. As stated by the UNWTO, International arrivals dropped by 72% over the first ten months of 2020 and caused a loss of approximately 1.1 trillion USD in International receipts thereby, significantly hampering the adoption of the hotel and hospitality management software market.

Recent Developments:
In 2018, Sabre Corporation announced the launch of business travel services, the new consolidated solution suite that offers hoteliers easy-to-use tools, automation, simplified process, and unlimited access to travel management companies all in one place.

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