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Hotel Property Management Software Market worth $14.71 billion by 2030, growing at a CAGR of 10.77% - Exclusive Report by 360iResearch
Hotel Property Management Software Market | 360iResearch
The Global Hotel Property Management Software Market to grow from USD 6.49 billion in 2022 to USD 14.71 billion by 2030, at a CAGR of 10.77%.
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The hotel property management software (HPMS) market comprises businesses and solutions that assist hotels and other lodging facilities administer front-office capabilities, such as reservation management, guest check-in/check-out, room assignment, and room rates and billing. HPMS often integrates with third-party systems for customer relationship management, revenue management, and digital marketing. Key factors propelling the growth of the HPMS market include the increasing demand for real-time services, a surge in travel and tourism, the proliferation of cloud computing, the need for streamlined and efficient property management practices, and enhancements in customer service. However, certain limitations challenge the market's growth, including high setup and maintenance costs of HPMS for smaller properties, data security concerns related to cloud-based systems, and integration complexities with existing technologies. A steep learning curve for staff and adapting to rapidly changing technology standards can be formidable challenges for this market. Furthermore, emerging trends present potential opportunities within the HPMS market, such as developing mobile applications that provide greater flexibility for hotel staff and enhance guest experiences. Contactless technology solutions for check-in/out processes, personalized guest experiences through data analytics, and a focus on sustainability in hotel operations are current areas of opportunity.
In the Americas, with the United States and Canada at the forefront, there is a heightened demand for hotel property management software due to the large hospitality industry and a high rate of technology adoption. The U.S. market is mature, with customers seeking advanced, integrated solutions that streamline operations and enhance guest experiences. Canadian hoteliers are similarly inclined with a tighter focus on cost-effectiveness and scalability, reflecting the region's cautious and progressive purchasing behavior. Countries such as China, Japan, and India are experiencing rapid expansion in the hospitality sector, leading to surging demands for hotel property management systems. In China, the market is growing with an emphasis on mobile integration and digital solutions due to widespread smartphone usage. Japan prefers precision and reliability in software to match its high service standards. India's hotel industry is burgeoning, focusing more on affordable, scalable solutions for its growing number of small and medium-sized hotels. Within the EU, there is a strong emphasis on compliance with regulations such as the General Data Protection Regulation (GDPR), which significantly impacts software management choice. The Middle East observes luxury hotels and resorts adopting advanced systems for impeccable service delivery. Africa is characterized by a diverse market with an emerging segment of hoteliers seeking cost-effective yet robust software solutions to manage operations efficiently.
Market Segmentation & Coverage:
This research report categorizes the Hotel Property Management Software Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Function, market is studied across Booking Engine, Channel Management, Lease Management, Property Accounting, Property Inspection, Restaurant POS, Revenue Management, and Room Reservation. The Room Reservation commanded largest market share of 21.66% in 2022, followed by Booking Engine.
Based on Type, market is studied across Homestay Accommodation, Hotels & Resorts, Lifestyle Villages, Marina, Motels & Lodges, Park & Campground, and Serviced Apartments. The Hotels & Resorts is further studied across Chain Hotel, Large Hotels, Medium Hotels, Small Hotels, and Very Large Hotels. The Hotels & Resorts commanded largest market share of 32.44% in 2022, followed by Serviced Apartments.
Based on Deployment, market is studied across On-Cloud and On-Premises. The On-Cloud commanded largest market share of 75.91% in 2022, followed by On-Premises.
Based on End User, market is studied across Boutique Hotel, Business Hotel, and Resorts & Spas. The Boutique Hotel commanded largest market share of 44.99% in 2022, followed by Business Hotel.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.88% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Hotel Property Management Software Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Hotel Property Management Software Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Hotel Property Management Software Market, highlighting leading vendors and their innovative profiles. These include Agilysys, Inc., ASSD GmbH, Atulyam Hotelline Solutions Pvt. Ltd, AxisRooms Travel Distribution Pvt. Ltd., Care Internet Services B.V., Cisco Systems, Inc., Cloudbeds, FCS Computer Systems, Finner PMS, Grace Software, Inc., Hallisoft, hoteliga international Sp. z o.o., Hotelogix India Pvt. Ltd, HotelTime Solutions a.s., Huawei Technologies Co. Ltd., IDS Next Business Solutions Pvt. Ltd., Infor by Koch Industries, Inc., InnQuest Software, innRoad Hotel Management Software, International Business Machines Corporation, IRIS Software Systems Ltd., Johnson Controls International PLC, Mews Systems B.V, Nobeds, Oracle Corporation, ResNexus, Revpar Guru Inc., RMS Cloud, Salesforce, Inc., SAP SE, Shiji Group, Sirvoy Limited, Stayntouch Inc., ThinkReservations, WebRezPro, and Yanolja Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Hotel Property Management Software Market, by Function
7. Hotel Property Management Software Market, by Type
8. Hotel Property Management Software Market, by Deployment
9. Hotel Property Management Software Market, by End User
10. Americas Hotel Property Management Software Market
11. Asia-Pacific Hotel Property Management Software Market
12. Europe, Middle East & Africa Hotel Property Management Software Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Hotel Property Management Software Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Hotel Property Management Software Market?
3. What is the competitive strategic window for opportunities in the Hotel Property Management Software Market?
4. What are the technology trends and regulatory frameworks in the Hotel Property Management Software Market?
5. What is the market share of the leading vendors in the Hotel Property Management Software Market?
6. What modes and strategic moves are considered suitable for entering the Hotel Property Management Software Market?
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