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Report
Global Hotel and Hospitality Management Software Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 163 Pages I EMR Inc.
Global Hotel and Hospitality Management Software Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global hotel and hospitality management software market size attained approximately USD 4.56 billion in 2023. Aided by the adoption of cloud-based solutions, the market is estimated to grow at a CAGR of 5.9% in the forecast period of 2024-2032, reaching a value of around USD 7.50 billion by 2032.
Hotel and hospitality management software is a comprehensive suite of tools designed to streamline and automate various operations within the hotel and hospitality industry. This software helps manage reservations, front desk operations, housekeeping, billing, customer relationship management (CRM), and more, ensuring the efficient and smooth functioning of hospitality businesses.
The global hotel and hospitality management software market is experiencing rapid evolution, propelled by technological advancements, shifting consumer expectations, and the need for enhanced operational efficiency. As the hospitality industry navigates the post-pandemic landscape, there is an increasing emphasis on adopting sophisticated software solutions that streamline operations, enhance guest experiences, and drive revenue growth. The market expansion is characterised by the integration of artificial intelligence (AI), cloud computing, mobile solutions, and a heightened focus on data security and personalisation.
One of the most significant hotel and hospitality management software market trends is the adoption of cloud-based solutions. Cloud computing offers numerous advantages, including scalability, cost-effectiveness, and remote accessibility. Hotels and hospitality businesses are increasingly migrating to cloud-based property management systems (PMS) that enable seamless integration of various functions such as reservations, front desk operations, housekeeping, and billing. The flexibility of cloud-based solutions allows hotels to manage operations from anywhere, providing real-time data access and improving decision-making processes. This shift towards the cloud is driven by the need for agility and the ability to quickly adapt to changing market conditions.
Artificial intelligence (AI) and machine learning (ML) are revolutionising the hotel and hospitality management software market value by enabling more personalised and efficient service delivery. AI-powered chatbots and virtual assistants are being widely adopted to handle customer inquiries, manage bookings, and provide instant support, enhancing the overall guest experience. Machine learning algorithms analyse vast amounts of data to generate actionable insights, enabling hotels to optimise pricing strategies, predict guest preferences, and tailor marketing campaigns. The use of AI in revenue management systems helps hotels forecast demand more accurately and adjust room rates dynamically, maximising occupancy and revenue.
The proliferation of mobile technology is another key trend aiding the global hotel and hospitality management software market growth. Mobile apps and solutions have become indispensable tools for both guests and hotel staff. Mobile check-in and check-out processes streamline the guest experience, reducing wait times and minimising physical contact. In-room tablets and mobile apps enable guests to control room settings, order services, and communicate with hotel staff seamlessly. For hotel employees, mobile solutions facilitate efficient task management, allowing housekeeping and maintenance staff to receive real-time updates and instructions, thereby improving productivity and service quality.
Data security and privacy have emerged as critical concerns in the hotel and hospitality management software market. With the increasing reliance on digital systems and the collection of vast amounts of guest data, ensuring the security of sensitive information is paramount. Hotels are investing in robust cybersecurity measures, including encryption, multi-factor authentication, and regular security audits, to protect against data breaches and cyber threats. Compliance with regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) is essential for maintaining guest trust and avoiding legal repercussions. The focus on data security is driving the adoption of secure and compliant software solutions across the industry.
Personalisation is a growing trend propelling the hotel and hospitality management software market expansion, and advanced software solutions play a crucial role in delivering personalised guest experiences. Hotels are leveraging customer relationship management (CRM) systems to gather and analyse guest data, enabling them to offer tailored services and recommendations. Personalised marketing campaigns, customised room amenities, and targeted promotions enhance guest satisfaction and loyalty. By understanding individual guest preferences and behaviours, hotels can create memorable experiences that differentiate them from competitors.
The integration of Internet of Things (IoT) technology is also transforming the hotel and hospitality management software market landscape. IoT devices, such as smart thermostats, lighting systems, and keyless entry solutions, are being deployed to enhance guest comfort and operational efficiency. These devices can be controlled remotely and integrated with hotel management systems, allowing for automated and energy-efficient operations. IoT technology enables hotels to monitor and manage their properties in real time, reducing energy consumption, improving maintenance processes, and enhancing guest convenience.
The impact of the COVID-19 pandemic has accelerated the adoption of contactless technologies and hygiene-focused solutions in the hospitality industry. Hotels are implementing contactless check-in/check-out systems, digital payment options, and touchless service delivery to ensure guest safety and comply with health guidelines. The pandemic has also highlighted the importance of flexible booking and cancellation policies, leading to the integration of more adaptable reservation systems. As the market recovers, these technologies are expected to become standard features, reshaping guest expectations and operational practices.
Sustainability is becoming an increasingly important consideration for hotels and their guests. The adoption of eco-friendly practices and technologies is driving the global hotel and hospitality management software market development. Energy management systems, water conservation technologies, and waste reduction programs are being integrated into hotel operations to minimise environmental impact. Sustainable practices not only appeal to environmentally conscious guests but also contribute to cost savings and regulatory compliance. The trend towards sustainability is prompting hotels to invest in software solutions that support their green initiatives and enhance their reputation as responsible businesses.
Market Segmentation
The global hotel and hospitality management software market can be divided based on component, type, deployment, hotel type, and region.
Market Breakup by Component
- Software
- Services
Market Breakup by Type
- Hotel Operation Management System
- Integrated Security System
- Hotel Building Automation System
- Guest Service Management System
- Integrated Communication Technology Solutions
Market Breakup by Deployment
- Cloud-based
- On-premises
Market Breakup by Hotel Type
- Business Hotels
- Heritage and Boutique Hotels
- Resorts and Spas
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hotel and hospitality management software market. Some of the major players explored in the report by Expert Market Research are as follows:
- Oracle Corporation
- Cloudbeds
- Sabre Corporation
- Sage Group Plc
- SiteMinder Limited (Little Hotelier)
- Infor Inc.
- NEC Corporation
- SkyTouch Solutions, LLC
- Protel Hotelsoftware GmbH
- WebRezPro PMS
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hotel and Hospitality Management Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Hotel and Hospitality Management Software Historical Market (2018-2023)
8.3 Global Hotel and Hospitality Management Software Market Forecast (2024-2032)
8.4 Global Hotel and Hospitality Management Software Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Hotel and Hospitality Management Software Market by Type
8.5.1 Hotel Operation Management System
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Integrated Security System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hotel Building Automation System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Guest Service Management System
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Integrated Communication Technology Solutions
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Hotel and Hospitality Management Software Market by Deployment
8.6.1 Cloud-based
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 On-premises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Hotel and Hospitality Management Software Market by Hotel Type
8.7.1 Business Hotels
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Heritage and Boutique Hotels
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Resorts and Spas
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Hotel and Hospitality Management Software Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Hotel and Hospitality Management Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hotel and Hospitality Management Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hotel and Hospitality Management Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hotel and Hospitality Management Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hotel and Hospitality Management Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Oracle Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cloudbeds
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sabre Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sage Group Plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SiteMinder Limited (Little Hotelier)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Infor Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 NEC Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SkyTouch Solutions, LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Protel Hotelsoftware GmbH
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 WebRezPro PMS
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hotel and Hospitality Management Software Market: Key Industry Highlights, 2018 and 2032
2. Global Hotel and Hospitality Management Software Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Hotel and Hospitality Management Software Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Hotel and Hospitality Management Software Historical Market: Breakup Hotel Type (USD Billion), 2018-2023
5. Global Hotel and Hospitality Management Software Market Forecast: Breakup by Hotel Type (USD Billion), 2024-2032
6. Global Hotel and Hospitality Management Software Historical Market: Breakup by Deployment (USD Billion), 2018-2023
7. Global Hotel and Hospitality Management Software Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
8. Global Hotel and Hospitality Management Software Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Hotel and Hospitality Management Software Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Hotel and Hospitality Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Hotel and Hospitality Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Hotel and Hospitality Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Hotel and Hospitality Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Hotel and Hospitality Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Hotel and Hospitality Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Hotel and Hospitality Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Hotel and Hospitality Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Hotel and Hospitality Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Hotel and Hospitality Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Hotel and Hospitality Management Software Market Structure
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