Global Hotel Operating System Market Overview:
The hotel operating system is used to manage the day to day operations involved in the hospitality industry. This system is used to manage rooms to engaging with guests in restaurants, hotels, lodges suites resorts, etc. features like hostel administration management, POS inventory, payroll, internet booking software, and interfaces contribute to the hostel operating system. The hotel operating system consists of multiple scalable modules that work together to achieve the desired objectives of the hotel industry.
- Rising Number of Hotels Around the Globe
- Increasing Global Tourism Activities in Developed Countries
- Introduction of Voice-activated Virtual Assistants and Chatbots in Hotel Operating System
- Prevailing Use of Outdated PMS System Might Hinder the Hotel Operating System
- Surging Spending on Hospitality Management
- Technological Advancements in Hotel Operating System
- High Cost of Setting up of Hotel Operating System
The hotel operating system companies are planning in research & development and launch a new hotel operating system according to the preferences and needs of hotels worldwide with advanced features. They are also focusing on introducing new features for marketing and customer relationship building.
Some of the key players profiled in the report are Oracle Corporation (United States), Digital Arbitrage Inc. (Cloudbeds) (United States), Guesty (Israel), World Web Technologies Inc. (WebRezPro) (Canada), Frontdesk Anywhere Inc. (United States), NewBook Pty Ltd (Australia), FCS CosmoPMS (Singapore), Northwind Software Corporation (Maestro PMS) (Canada), Shiji Group (China) and MSI CloudPM (United States). Considering Market by Platform, the sub-segment i.e. Desktop will boost the Hotel Operating System market. Considering Market by Modules, the sub-segment i.e. Hotel Administration will boost the Hotel Operating System market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Hotel Operating System market.
On 12th February 2020, Shiji Group announced that its brand MyCheck launched a new PayBy Solution, which is hospitality's first guest payment request solution. It is a seamless solution for requesting payments from guests in a digital, secure and user-friendly way. Commonly used for call centers and third-party payments, PayBy allows for hotels to deliver payment requests directly to a guest’s mobile device, fully branded, and supporting their preferred payment methods.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hotel Operating System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hotel Operating System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hotel Operating System Developers, Hotel Operating System Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.