Market Overview:
Hotel property management system (PMS) refers to the platform which helps to operational functions of hotel or group hotel to manage the front-office tasks such as booking reservations, guest check-in & check-out, room allotment, managing room rate and billing system. Hotel PMS market has high growth owing to growth in the hospitality industry. Further, increasing demand for SaaS and cloud-based hotel PMS driving the demand of the market. In addition, increasing demand from the developing economies expected to drive the demand for hotel PMS market over the forecasted period.
Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2022 to 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | RealPage, Inc. (United States), MRI Software LLC (United States), Console group (Australia), Oracle (United States), Cloudbeds (United States), FCS Computer Systems (Singapore), EZee Absolute (United States), Hoteliga (Poland), RDPWin (United States) and Sky Touch Hotel OS (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Hotel PMS Market Study:
RealPage, Inc. (United States), MRI Software LLC (United States), Console group (Australia), Oracle (United States), Cloudbeds (United States), FCS Computer Systems (Singapore), EZee Absolute (United States), Hoteliga (Poland), RDPWin (United States) and Sky Touch Hotel OS (United States)
Hotel PMS Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Independent hotels and Group Hotels |
End Use | Front Desk Staff,Housekeeping Staff,POS Outlet Staff,Others |
Deployment | On-Premise,Hybrid cloud,Web-native |
Influencing Trend:
Increasing Adoption of Cloud-Based Hotel PMS and Emphasizing On Development of SaaS-Based Hotel PMS
Market Growth Drivers:
Growing Digitization in the Business Processes and Increasing Focus on Offering Enhanced Customer Service
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Issues Related With Interoperability of Hotel PMS and Lack of Technically-Skilled Personnel
Opportunities:
Increasing Demand from the Small and Medium Size Hotel and Rising Demand from the Developing Countries
Some of the other players that are also part of study are Hotelogix (United States), Frontdesk Anywhere (United States), Northwind (Canada) and MSI Cloud (United States). The Global Hotel PMS market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
15th May 2019, Verse Hotels in Indonesia selected Hotelogix, engaged in the cloud-based property management systems as their preferred technology partner for Cloud PMS to efficiently manage their multi-property operations.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hotel PMS 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 into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Hotel PMS market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the 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 .
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.