Global Hotel & Hospitality Management Solution Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn. The report has covered Country market trends with a competitive landscape.
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Global Hotel & Hospitality Management Solution Market Overview:
Hotel and hospitality management solution is used for the purpose of managing of day-to-day operations of a hotel or a restaurant.The growing demand for well-managed hotels and restaurants has developed requirements among hotel and restaurant owners for a comprehensive software suite that allows them to easily manage the entire operation.It is an end-to-end software platform that completely optimizes the hotel and restaurant’s operation.
The solution is capable of managingproduction control and planning, kitchen order management, accounting management, sales and marketing management, purchase management, housekeeping management as well as management of table reservation.The rising number of small and medium-sized hotels and restaurants around the world is the key driving force in the demand for hotel and hospitality management solutions.The increase in the number of restaurants and hotels is largely due to the worldwide increase in tourism activity.Therefore, the demand for hotel and hospitality management solutions is expected to significantly expand in the coming years.
With an emphasis in terms of convenience, the technological revolution has raised consumer expectations. The demand customized services such as being able to monitor the air conditioner, sending messages to the concierge for any issueor even ordering room service via the hotel's application from their smartphones.In addition, innovative services establish a competitive advantage for hotels which increases the loyalty and retention of customers.For instance, NEC Corporation offers UNIVERGE 3C, a software-based communications solution that offers hotels with the advanced features in anintegrated and economical solution. Thepopularity of cloud-based platforms will drive the growth of the global hotel & hospitality management solution market.
Based on deployment,hotel & hospitality management solution market is segmented by cloud-based and on-premise. Cloud-based segment dominated hotel & hospitality management solution market with increasing need of the high volume of data to keep on cloud storageand on-demand content via internet server to raise the agility of the organizations and individuals.
Based on type,guest service management systemis the leading segment to dominate the market during the forecast period in order to provide the visitors with a mesmerizing experience, numerous building automation systems and mobile device-enabled technologies. Based on application, hotels & motels is the leading segment to dominate the market during the forecast period due to the rising tourist footfall such as business travelers, tour groups, individual tourists, and small conference groups with the improved on-the-go booking and need for real-time tracking of bookings pushing to the market growth.
The hotel & hospitality management solution market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players such as Cisco, NEC Corporation, Schneider Electric with theadvanced technologies. The Asia Pacific region is projected to register the fastest growth rate in the target market due tothe government is highly investing onto the digitalization infrastructurein the region.
Global Hotel & Hospitality Management Solution Market Competitive Landscape:
The objective of the report is to present a comprehensive analysis of the Global Hotel & Hospitality Management Solution Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Hotel & Hospitality Management Solution Market dynamics, structure by analyzing the market segments and projects the Global Hotel & Hospitality Management Solution Market size. Clear representation of competitive analysis of key players by Deployment, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Hotel & Hospitality Management Solution Market make the report investor’s guide.
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Global Hotel & Hospitality Management Solution Market, By Deployment
Global Hotel & Hospitality Management Solution Market, By Type
• Hotel Operation Management System
• Integrated Security System
• Hotel Building Automation System
• Guest Service Management System
• Integrated Communication Technology Solutions
Global Hotel & Hospitality Management Solution Market, By Application
• Hotels & Motels
• Resorts and Spas
Global Hotel & Hospitality Management Solution Market, by Region
• North America
• MEA & Africa
• Latin America
Global Hotel & Hospitality Management Solution Market Key Players
• Amadeus IT Group SA
• Honeywell International Inc.
• NEC Corporation
• SABRE GLBL INC.
• Schneider Electric
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intertec Systems
• Jonas Hospitality
• Trawex Technologies Pvt. Ltd.
• eZee FrontDesk
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