14-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Japan Hotel Property Management Systems Market By Component (Software and Services), By Application (Desk, Point of Sale (PoS), Reservation Center, Housekeeping, Audit Trials, Group Booking Management, Business Analytics, Report Analysis & Generation, and Revenue Management), By Organization Size (Small & Medium Organizations and Large Organizations), and By End-User (Suite Hotels, Business Hotels, Airport Hotels, and Resort Hotels): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the Japan hotel property management systems market is predicted to be valued at approximately USD 21 million in 2018 and is expected to reach a value of around USD 36 million by 2027, at a CAGR of around 5.9% between 2019 and 2027.
The hotel property management system is a software tool that assists the hotels or hotel chain to proficiently manage front-office capabilities encompassing guest check-in and check-out, reservation booking, effectively managing of the room rate, and assigning rooms & billing. The hotel property management system removes time-consuming paper-based methods as well as spreadsheet procedures.
Browse the full “Japan Hotel Property Management Systems Market By Component (Software and Services), By Application (Desk, Point of Sale (PoS), Reservation Center, Housekeeping, Audit Trials, Group Booking Management, Business Analytics, Report Analysis & Generation, and Revenue Management), By Organization Size (Small & Medium Organizations and Large Organizations), and By End-User (Suite Hotels, Business Hotels, Airport Hotels, and Resort Hotels): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/japan-hotel-property-management-systems-market-by-component-123
Moreover, the software tool covers the objectives such as directing the operations such as reporting, sales & planning, and front office. It also mechanizes the hotel functionalities including food & beverage costing, guest details, posting of charges, online reservations, sales & marketing, guest bookings, point of sale, telephone, events, maintenance management, quality management, materials management, and HR & payroll among others.
Escalating demand for real-time optimization of guest experience management to drive the market growth
The hotel sector in Japan is faced with many of the challenges like growing guest expectations, altering guest demographics, and the impact of smartphones & social media. Moreover, the hotel industry is facing a huge challenge for offering bottom-line performance and a need for emphasizing on revenue per guest along with functional efficacy. All these aspects are likely to augment the expansion of hotel property management systems industry in Japan.
Moreover, the rise in the business journey in Japan due to the thriving IT sector has resulted in a massive need for proficient hotel management business practices. This, in turn, will prompt the expansion of Japan hotel property management systems industry over the forecast timeline. Nevertheless, budget constraints for technological solutions are anticipated to inhibit the expansion of Japan property management systems industry over the forecast period.
In addition to this, the low availability of trained personnel who can either upgrade or operate the hotel property management system can pose a threat to market expansion. However, a swift breakthrough in the software development domain is expected to influence the market expansion during the forecast timeline.
Furthermore, the cloud-based systems, as well as cloud-based IoT tools, are offering new growth avenues for the property management system in the hotel sector in Japan. Apart from this, a high proportion of mechanization of the cloud-based property management system is making it easier for effectively carry out the hotel functions and helps in reducing the workforce.
This is also likely to reduce man-made errors and assist them in handling critical operations easily, thereby enabling the workforce to concentrate on guest needs and hotel requirements. All these factors will help the market register a profitable surge over the forecast timeline.
Software to lead the component segment over the forecast period
The growth of the software segment during the period from 2019 to 2027 is credited to the massive demand for the software in the hotels for gaining insights about the guest trends as well as guest behavior along with the necessity of enhancing customer service.
Apart from this, the massive popularity of the SaaS owing to its cost-efficiency and maintenance & deployment without the incurrence of extra charges will prompt the segmental growth over the forecast period.
Business hotels to be a major market revenue contributor among the end-user segments by 2027
The growth of the business hotels segment during the forecast timeline is attributed to quick services and easy check-in & check-out methods. These hotels also provide a solid consumer experience and this will propel the segmental growth during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 21 Million |
Projected Market Size in 2027 |
USD 36 Million |
Growth Rate |
CAGR 5.9% |
Base Year |
2018 |
Forecast Years |
2019-2027 |
Key Market Players |
TAP Co. Ltd., NEC Corporation, INSPIRE LIMITED, and Others |
Key Segment |
By Component, By Application, By Organization Size, By End-User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Competitive Landscape:
Some of the key players in the market include TAP Co. Ltd., NEC Corporation, and INSPIRE LIMITED.
This report segments the Japan Hotel Property Management Systems market as follows:
Japan Hotel Property Management Systems Market: By Component Segment Analysis
Japan Hotel Property Management Systems Market: By Application Segment Analysis
- Desk
- Point of Sale (PoS)
- Reservation Center
- Housekeeping
- Audit Trials
- Group Booking Management
- Business Analytics
- Report Analysis & Generation
- Revenue Management
Japan Hotel Property Management Systems Market: By Organization Size Segment Analysis
- Small & Medium Organizations
- Large Organizations
Japan Hotel Property Management Systems Market: By End-User Segment Analysis
- Suite Hotels
- Business Hotels
- Airport Hotels
- Resort Hotels
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