What is Reservation and Booking Software Market?
The reservation software manages reservations for the hospitality industry, including web-based and on-site solutions. Reservation and booking systems are computerized systems for storing and retrieving information and conducting transactions related to air travel, hotels, rental cars, or other activities. The software automates the management of the online reservation and booking inquiries and thus significantly reduces the likelihood of incorrect or double bookings.
Highlights from Reservation and Booking Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Innkey Infosystems (India), DJUBO (India), Roomify (United States), Goodbox (India), eZee Technosys Pvt. Ltd. (India), Atulyam Hotelline Solution (India), Hyper Drive Solutions, Inc. (United States), Dataman Computer Systems (India), AxisRooms (Malaysia), 360 Mango Solutions (India), Mindbody Online (United States) and Sierra ODC (India) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian Players will contribute to the maximum growth of Global Reservation and Booking Software market throughout the forecasted period.
Innkey Infosystems (India), DJUBO (India), Roomify (United States), Goodbox (India), eZee Technosys Pvt. Ltd. (India), Atulyam Hotelline Solution (India), Hyper Drive Solutions, Inc. (United States), Dataman Computer Systems (India), AxisRooms (Malaysia), 360 Mango Solutions (India), Mindbody Online (United States) and Sierra ODC (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AES Technologies (India) and Avani cimcon techenologies (India). Reservation and Booking Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Activities Booking, Room Booking Management and Third-Party Booking |
Type | Web-Based and On-Premise |
Deployment Type | Installed - Windows / Mac,Web-Based, Cloud, SaaS,IPhone / iPad,Android |
Subscription Type | Monthly Subscription,Annual Subscription,One-Time License |
Features | Booking Notes,CRM,Customer Support,Group Reservations,Promotions Management,Rate Management |
Number of Users | 2-9,10-49,50-99,100-499,Others |
On the basis of geography, the market of Reservation and Booking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of New Technologies for Reservation and Booking Software
Market Growth Drivers:
Features Such as Reporting, Tracking, and CRM and Increasing Need for Customer Relationship Management
Challenges:
Risk of Data Theft
Restraints:
Growing Intricacy of Malware Threats and Presence of Major as Well as Emerging Players are Increasing the Competition
Opportunities:
Increasing Demand for Reservation and Booking Software Across the Globe
Key Target Audience
Providers of Reservation and Booking Software, End-Users, Potential Investors, Market Research Firms and Others
Market Leaders & Development Strategies
In May 2022, InnKey received a strategic investment from Yanolja Cloud. With this strategic investment, InnKey plans to expand its enterprise cloud platform into full-service segments ranging from mid-sized hotels to large global chains and offer them globally. Yanolja Cloud's support is a strong validation of our deep domain knowledge and state-of-the-art cloud technology and our experienced InnKey management team.
In January 2023, Marriott International and Groups360 launched instant bookings for Marriott's portfolio of hotels in the United States and Canada. Marriott International is the first brand to directly integrate with Groups360 to offer "Instant Book" capabilities for both rooms and meeting space at scale in the GroupSync Marketplace, giving planners a streamlined booking process with the click of a button.