NEW YORK, July 10, 2023 /PRNewswire/ -- The hotel and hospitality management software market size is estimated to grow by USD 1,176.2 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 6.59% during the forecast period. Europe will contribute to 34% of the market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Hotel And Hospitality Management Software Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Deployment (Cloud-based and On-premise), Application (Business hotels, Heritage and boutique hotels, and Resorts and spas), and Geography (Europe, APAC, North America, Middle East and Africa, and South America).
- The market share growth by the cloud-based segment is significant during the forecast period. There is a rapid increase in market share for the cloud-based segment from 2017 to 2021. One of the main reasons for the increase in demand for cloud-based solutions in the hotel and hospitality management software market is the rising need to digitize the core business processes. There is a significant implementation of cloud-based solutions by hotel and hospitality managers in order to gain real-time information, incorporate it with other essential software, cater to digitization demands, and offer efficient services that meet consumer standards. Hence, such factors are expected to drive market growth during the forecast period.
Geography Overview
By geography, the global hotel and hospitality management software market is segmented into Europe, APAC, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hotel and hospitality management software market.
- Europe is estimated to account for 34% of the market's growth during the forecast period. One of the main reasons for the growth of the hotel and hospitality management software market in Europe is due to the presence of popular destinations such as France, Spain, Italy, the UK, and Germany. For instance, in July 2021, Amadeus IT Group SA collaborated with Shiji Group, one of China's leading hotel information systems players, to offer new content from Chinese hotels and chains to the Amadeus Travel Platform. Hence, such factors are expected to drive market growth in the region during the forecast period.
Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report
Hotel And Hospitality Management Software Market – Market Dynamics
Key factor driving market growth
The need to minimize overall operational costs drives the hotel and hospitality management software market growth. There is increasing adoption of newer technologies in small to mid-size hotels to lower operational costs. Customer relationship is an essential part of the hotel management industry and hotel management software is so beneficial that it can monitor the data related to customers which can be further used for personalized marketing campaigns. Hence, such factors are expected to drive market growth during the forecast period.
Leading trends influencing the market
The increase in cloud integration is a primary trend in the hotel and hospitality management software market. There is an increasing demand for based hotel and hospitality management systems across several hotel chains due to their various benefits. One of the main benefits of cloud-based hotel and hospitality management systems is that it provides access to the application via web-based browsers. Furthermore, it offers high scalability such that it is designed to adapt to the increasing capacity of businesses. Hence, such factors are expected to drive market growth during the forecast period.
Major challenges hindering the market growth
Complications related to replacing the traditional system can pose a significant challenge to the hotel and hospitality management software market growth. It is essential for every business to adapt to new technologies in order to meet high customer expectations. But the implementation of new technologies in the hotel and hospitality sector is a complex and tedious time-consuming process. Some of the key challenges in the implementation include the appointment of a dedicated team and integration of processes, and software management.
Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! Request a sample report!
What are the key data covered in this Hotel and Hospitality Management Software Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the hotel and hospitality management software market between 2023 and 2027
- Precise estimation of the hotel and hospitality management software market size and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the hotel and hospitality management software market across Europe, APAC, North America, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Hotel and Hospitality Management Software Market vendors
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Hotel and Hospitality Management Software Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
Market growth 2023-2027 |
USD 1,176.2 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.78 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, France, Spain, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
360 Mango Solutions Pvt. Ltd., Amadeus IT Group SA, Ciirus Inc., Cisco Systems Inc., Cloudbeds, Guestline Ltd., Honeywell International Inc., Infor Inc., Johnson Controls International Plc, Microsoft Corp., NEC Corp., Oracle Corp., Sabre Corp., Sage Group Plc, Salesforce.com Inc., Schneider Electric SE, Siemens AG, SkyTouch Solutions LLC, StayNTouch Inc., and Workday Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global hotel and hospitality management software market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global hotel and hospitality management software market 2017 - 2021 ($ million)
- 4.2 Deployment Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Deployment
- 6.1 Market segments
- Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
- 6.2 Comparison by Deployment
- Exhibit 32: Chart on Comparison by Deployment
- Exhibit 33: Data Table on Comparison by Deployment
- 6.3 Cloud-based - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
- 6.4 On-premise - Market size and forecast 2022-2027
- Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Deployment
- Exhibit 42: Market opportunity by Deployment ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 43: Chart on Application - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 45: Chart on Comparison by Application
- Exhibit 46: Data Table on Comparison by Application
- 7.3 Business hotels - Market size and forecast 2022-2027
- Exhibit 47: Chart on Business hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Business hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Business hotels - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Business hotels - Year-over-year growth 2022-2027 (%)
- 7.4 Heritage and boutique hotels - Market size and forecast 2022-2027
- Exhibit 51: Chart on Heritage and boutique hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Heritage and boutique hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Heritage and boutique hotels - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Heritage and boutique hotels - Year-over-year growth 2022-2027 (%)
- 7.5 Resorts and spas - Market size and forecast 2022-2027
- Exhibit 55: Chart on Resorts and spas - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Resorts and spas - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Resorts and spas - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Resorts and spas - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Application
- Exhibit 59: Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 France - Market size and forecast 2022-2027
- Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 Spain - Market size and forecast 2022-2027
- Exhibit 97: Chart on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Spain - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Spain - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 Amadeus IT Group SA
- Exhibit 112: Amadeus IT Group SA - Overview
- Exhibit 113: Amadeus IT Group SA - Business segments
- Exhibit 114: Amadeus IT Group SA - Key news
- Exhibit 115: Amadeus IT Group SA - Key offerings
- Exhibit 116: Amadeus IT Group SA - Segment focus
- 12.4 Ciirus Inc.
- Exhibit 117: Ciirus Inc. - Overview
- Exhibit 118: Ciirus Inc. - Product / Service
- Exhibit 119: Ciirus Inc. - Key offerings
- 12.5 Cisco Systems Inc.
- Exhibit 120: Cisco Systems Inc. - Overview
- Exhibit 121: Cisco Systems Inc. - Business segments
- Exhibit 122: Cisco Systems Inc. - Key news
- Exhibit 123: Cisco Systems Inc. - Key offerings
- Exhibit 124: Cisco Systems Inc. - Segment focus
- 12.6 Cloudbeds
- Exhibit 125: Cloudbeds - Overview
- Exhibit 126: Cloudbeds - Product / Service
- Exhibit 127: Cloudbeds - Key offerings
- 12.7 Honeywell International Inc.
- Exhibit 128: Honeywell International Inc. - Overview
- Exhibit 129: Honeywell International Inc. - Business segments
- Exhibit 130: Honeywell International Inc. - Key news
- Exhibit 131: Honeywell International Inc. - Key offerings
- Exhibit 132: Honeywell International Inc. - Segment focus
- 12.8 Infor Inc.
- Exhibit 133: Infor Inc. - Overview
- Exhibit 134: Infor Inc. - Product / Service
- Exhibit 135: Infor Inc. - Key news
- Exhibit 136: Infor Inc. - Key offerings
- 12.9 Johnson Controls International Plc
- Exhibit 137: Johnson Controls International Plc - Overview
- Exhibit 138: Johnson Controls International Plc - Business segments
- Exhibit 139: Johnson Controls International Plc - Key news
- Exhibit 140: Johnson Controls International Plc - Key offerings
- Exhibit 141: Johnson Controls International Plc - Segment focus
- 12.10 NEC Corp.
- Exhibit 142: NEC Corp. - Overview
- Exhibit 143: NEC Corp. - Business segments
- Exhibit 144: NEC Corp. - Key news
- Exhibit 145: NEC Corp. - Key offerings
- Exhibit 146: NEC Corp. - Segment focus
- 12.11 Oracle Corp.
- Exhibit 147: Oracle Corp. - Overview
- Exhibit 148: Oracle Corp. - Business segments
- Exhibit 149: Oracle Corp. - Key news
- Exhibit 150: Oracle Corp. - Key offerings
- Exhibit 151: Oracle Corp. - Segment focus
- 12.12 Sabre Corp.
- Exhibit 152: Sabre Corp. - Overview
- Exhibit 153: Sabre Corp. - Business segments
- Exhibit 154: Sabre Corp. - Key news
- Exhibit 155: Sabre Corp. - Key offerings
- Exhibit 156: Sabre Corp. - Segment focus
- 12.13 Salesforce.com Inc.
- Exhibit 157: Salesforce.com Inc. - Overview
- Exhibit 158: Salesforce.com Inc. - Product / Service
- Exhibit 159: Salesforce.com Inc. - Key news
- Exhibit 160: Salesforce.com Inc. - Key offerings
- 12.14 Schneider Electric SE
- Exhibit 161: Schneider Electric SE - Overview
- Exhibit 162: Schneider Electric SE - Business segments
- Exhibit 163: Schneider Electric SE - Key news
- Exhibit 164: Schneider Electric SE - Key offerings
- Exhibit 165: Schneider Electric SE - Segment focus
- 12.15 Siemens AG
- Exhibit 166: Siemens AG - Overview
- Exhibit 167: Siemens AG - Business segments
- Exhibit 168: Siemens AG - Key news
- Exhibit 169: Siemens AG - Key offerings
- Exhibit 170: Siemens AG - Segment focus
- 12.16 SkyTouch Solutions LLC
- Exhibit 171: SkyTouch Solutions LLC - Overview
- Exhibit 172: SkyTouch Solutions LLC - Product / Service
- Exhibit 173: SkyTouch Solutions LLC - Key offerings
- 12.17 StayNTouch Inc.
- Exhibit 174: StayNTouch Inc. - Overview
- Exhibit 175: StayNTouch Inc. - Product / Service
- Exhibit 176: StayNTouch Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources
- 13.5 List of abbreviations
- Exhibit 183: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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SOURCE Technavio
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