Hotel Property Management Software Market Definition
Hotel property management software automates the marketing, booking, and billing of hotel rooms and other hotel services, it facilitates all the hotel facilities like reservation management and administrative work. There are a wide number of functions involves including the front desk operations, bookings, housekeeping, catering, payment, CRM, and various others.
The market study is broken down, by Application (Booking, Catering Service, Checkout and Others) and major geographies with country level splits.
Hotelogix Inc. (United States), Protel PMS (Germany), Hoteliga (Poland), SabeeApp (Hungary), Cloudbeds (Digital Arbitrage Inc.) (United States), Mews Systems (United Kingdom), Mister Booking Company (France) and Sirvoy Ltd (Ireland) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Hotel Property Management Software market by Type, Application and Region.
On the basis of geography, the market of Hotel Property Management 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). If we see Market by Pricing Option, the sub-segment i.e. Free Trial will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Built-in Accounting will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Property, the sub-segment i.e. Large Hotel will boost the Hotel Property Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 3rd December 2019, Mews, the fastest-growing SaaS property management system (PMS) for hotels and hostels, has acquired the largest Belgium-based software-provider Winner Hotel Software. The strategic partnership between two premier property management systems will expand Mews' reach and bolsters its position as the fastest-growing PMS solution in the world. The deal means customers of Planet Winner, a founder-owned and custom-built platform with more than two decades experience serving the hotel industry, will have access to cloud-based functionality allowing them to access their PMS anytime, from anywhere.
- The Emerging Use of Artificial Intelligence and Machine Learning in Hotel Property Management Software
- The Need for Automating the Process of Hotel Management
- Demand for the Scheduling, Organising and Transacting Effectively and Efficiently for Hotels to Perform Better
- Increased Spending on Promotion and Improved Customer Experience will Boost the Hotel Property Management Software Market
- Prevailing Restrictions on Travel and Vacations is Hindering the Market
- Technical Issues and Troubleshooting Problems with Hotel Property Management Software
Key Target AudienceHotel Property Management Software Developers, Hotel Property Management Industry Associations, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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