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Hotel Property Management System Market Size, Share Global Analysis Report, 2020–2026
Hotel Property Management System Market By Component (Software, and Services), By Organization Size (Small and Medium Enterprises, and Large Enterprises) By End-User (Business Hotels, Airport Hotels, Suite Hotels, Resort Hotels, and Others), and By Application (Front Desk, Reservation Center, Audit Trials, Point of Sale (POS), Housekeeping, Group Booking Management, Report Analysis & Generation, Revenue Management, Business Analytics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[170+ Pages Report] According to the report published by Facts Factors, the global hotel property management system market size was worth around USD 20 million in 2019 and is predicted to grow to around USD 35 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global hotel property management system market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hotel property management system market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the hotel property management system industry. The report analyzes and declares the historical and current trends analysis of the hotel property management system industry and subsequently recommends the projected trends anticipated to be observed in the hotel property management system market during the upcoming years.
The hotel property management system market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire hotel property management system market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- According to the primary researcher operating in the global hotel property management system market, the market was valued above USD 20 million in 2019 and is expected to grow over USD 30 million.
- The hotel property management system market is predicted to witness a significant growth of nearly 5% during 2020-2026 due to the services offered by the system such as online reservation, guest check-in and check out and many more.
- By component analysis, the software category was valued at around USD 20 million in 2019 and is predicted to grow in the future years due to the increasing demand and user easy access to the software.
- On the basis of organization size, the large enterprises' segment-headed the market in 2019, and it was valued at around USD 20 million.
- By application analysis, in 2019, the reservation center segment led the market with a share of 28 % of the hotel property management system market attributed to providing functional efficiency in booking activities.
- On the basis of End-User analysis, in 2019, the business hotel segment-commanded the market with around USD 10 million in 2019 and is anticipated to witness the major growth in the forecast period.
Key Recommendations from Analysts
- Our analysts recommend that the software segment is anticipated to boost the hotel property management system market owing to the increasing demand for gaining insight about guest preference, and behavior to improve the quality of customer services.
- Due to growing the number of business tourists, the business hotel's segment may create lucrative opportunities for the hotel property management system market in the coming years.
- The large enterprises use PMS which is incorporated with other onsite services to improve the guest's experience, including housekeeping and maintenance, food and beverage operations, Spa management, and revenue management, etc. Due to these factors, large enterprises are expected to hold the highest market share.
- Most reservation centers preferred installing hotel PMS owing to a rising influx of guests coupled with increasing competition in the hotel industry. Effective reservation management is a key aspect to achieve functional efficiency and this element may drive the hotel PMS demand in reservation center application.
- Due to the adoption of the property management system in software of numerous hotels and the rising demand for PMS in small and medium enterprises, the hotel property management system market is anticipated to share the highest growth in the future years.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the hotel property management system industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the hotel property management system industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the hotel property management system market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the hotel property management system industry. The hotel property management system market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the hotel property management system sector. Key strategic developments in the hotel property management system market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the hotel property management system market are appropriately highlighted in the report.
The property management system is a software platform that enables hotels or chain of hotels to supervise front-office capabilities including guest check-in and check out, booking reservations, room rates management, assigning rooms as well as billing. The hotel property management system eliminates time-consuming, paper-based and spreadsheet processes. The software application is used to cover objectives like directing the function of operations such as reporting, sales, and planning, front office, etc. It automates operations in a hotel such as guest details, guest bookings, posting of charges, online reservations, point of sale, telephony, events, sales and marketing, quality management, materials management, food and beverage costing, maintenance management and HR & payroll among others.
Rising expectations of guests, ever-changing guest demographics, and the influence of smartphones and social media have been driving the need for personalization. Increasing the growth of business travel owing to the booming IT industry is, in turn, driving the demand for efficient hotel management practices, thus boosting the overall market growth. The investment budget of small and medium organizations is relatively small as they are bound to maintain additional business-related critical expenses. As per the general trend, smaller organizations prefer investing in optimizing and improving service quality rather than deploying process improvement solutions due to high costs and low investment budgets. These factors may curb market growth. Rapid advancements in software development are propelling the market growth. The cloud-based technology with a higher degree of automation cloud-based property management system is to make things easier for hotel operations and has also reduced the need for manpower. These factors may produce new opportunities in the property management system for hotel industries.
The hotel property management system market research report delivers an acute valuation and taxonomy of the hotel property management system industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the hotel property management system industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the hotel property management system industry is provided for the leading economies of the world.
The hotel property management system market is segmented based on component, organization size, end-user, and application. On the basis of component segmentation, the market is classified into software, and services. In terms of organization size segmentation, the market is bifurcated into small and medium enterprises, and large enterprises. On the basis of end-user, the market is divided into business hotels, airport hotels, suite hotels, resort hotels, and others and in term of application the market is categorized into front desk, reservation center, audit trials, point of sale (pos), housekeeping, group booking management, report analysis & generation, revenue management, business analytics, and others
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
( USD 20 Million) |
Projected Market Size in 2026 |
( USD 35 Million) |
CAGR Growth Rate |
5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
NEC Corporation, TAP Co.Ltd., INSPIRE LIMITED, and others. |
Key Segment |
By Components , End-Users, Applications, Organization Size, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
- NEC Corporation
- TAP Co.Ltd.
- INSPIRE LIMITED
The taxonomy of the hotel property management system market by its scope and segmentation is as follows:
By component Segmentation Analysis
- Software
- Services
By Organization Size Segmentation Analysis
- Small and Medium Enterprises
- Large Enterprises
By End-User Segmentation Analysis
- Business Hotels
- Airport Hotels
- Suite Hotels
- Resort Hotels
- Others
By Application Segmentation Analysis
- Front Desk
- Reservation Center
- Audit Trials
- Point of Sale (POS)
- Housekeeping
- Group Booking Management
- Report Analysis & Generation
- Revenue Management
- Business Analytics
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- NEC Corporation
- TAP Co.Ltd.
- INSPIRE LIMITED
- others.
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