Global Hospitality Property Management Software Market 2023
Hospitality property management software is a type of technology used by hotels, resorts, and other lodging establishments to manage their day-to-day operations. This software typically includes features such as reservation management, guest check-in/check-out, housekeeping management, billing and invoicing, and reporting and analytics. It helps streamline operations, improve guest experiences, and increase efficiency for hospitality businesses.
According to the latest data, the market size of the global hospitality property management software sector is expected to rise by USD 0.5 billion with a CAGR of 6.3% by the end of 2029.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the deployment mode, property size, property type, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
The global baby bottle market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The global market for hospitality property management software can be segmented by deployment mode: cloud, on-premises. According to the research, the cloud-based segment had the largest share in the global hospitality property management software market, accounting for more than 74.3% of the total market.
Hospitality property management software market is further segmented by property size: large enterprises, small and medium enterprises. In 2022, the large enterprises segment made up the largest share of revenue generated by the hospitality property management software market.
Based on property type, the hospitality property management software market is segmented into: homestay accommodations, hotels and resorts, motels and lodges, service apartments, others. Among these, the hotels and resorts segment was accounted for the highest revenue generator in 2022, accounting for more than 48.6% of the total market.
On the basis of region, the hospitality property management software market also can be divided into: Asia-Pacific, Europe, North America, Rest of the World (RoW).
The report explores the recent developments and profiles of key vendors in the Global Hospitality Property Management Software Market, including Agilysys Inc., FCS Computer Systems Sdn. Bhd., hoteliga International sp. z o.o., Infor Inc., Mews Systems B.V., Northwind Canada Inc, dba Maestro, Oracle Corporation, Protel Hotelsoftware GmbH, RealPage, Inc., SkyTouch Solutions, LLC, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Gain a reliable outlook of the global hospitality property management software market forecasts from 2023 to 2029 across scenarios.
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The market estimate for ease of analysis across scenarios in Excel format.
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Market Segments Covered in Global Hospitality Property Management Software Industry Analysis:
i.) Deployment mode
ii.) Property size
– Large enterprises
– Small and medium enterprises
iii.) Property type
– Homestay accommodations
– Hotels and resorts
– Motels and lodges
– Service apartments
– North America
– Rest of the World (RoW)
Global Hospitality Property Management Software Market 2023 - Report Scope
|Market Size (2022)
USD 1.2 Billion
Deployment Mode, Property Size, Property Type, Region
Asia-Pacific, Europe, North America, Rest of the World (RoW)
Agilysys Inc., FCS Computer Systems Sdn. Bhd., hoteliga International sp. z o.o., Infor Inc., Mews Systems B.V., Northwind Canada Inc dba Maestro, Oracle Corporation, Protel Hotelsoftware GmbH, RealPage Inc., SkyTouch Solutions LLC
The global property management software market is estimated to increase at the rate of 7.7% each year in the period from 2023 to 2029. Property management software is a platform…