Market Overview:
The global hospitality property management tools market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based hospitality property management tools by large enterprises and SMEs across the globe. Additionally, the growing adoption of mobile devices and apps for hotel operations is also propelling the growth of this market. However, lack of awareness about benefits offered by these tools among small businesses is restraining the growth of this market to some extent. North America dominates the global hospitality property management tools market, followed by Europe and Asia Pacific.
Product Definition:
Hospitality Property Management Tools are software programs that help managers of hospitality businesses track and manage their properties. These tools can assist in everything from tracking guest reservations to managing employee schedules. The importance of these tools lies in their ability to help hospitality businesses run more smoothly and efficiently, thus improving customer service and satisfaction.
Cloud-Based:
Cloud-based software is a collection of electronic documents that are accessible through the internet. It allows users to store data on remote servers for easy access and cost-effective management. Cloud computing has evolved in recent years due to increased demand from small and medium enterprises, as well as large enterprises, owing to benefits such as flexibility, scalability & reliability along with ease of accessibility & deployment.
On-Premise:
On-premise software is a type of cloud computing system that involves installing the software and data on the end user's own computers, servers, or mobile devices. The information then has to be transferred or transported to another location for access by other users. On-premise systems are used in various industries such as healthcare and hospitality property management tools market for maintaining records of patients, employees, assets & equipment etc.
Application Insights:
The large enterprises segment held the largest market share in 2017. LHM tools are widely used by large enterprises as they offer various functionalities, such as property management, accounting and billing, marketing and advertising management, food & beverage management system for restaurants. The segment is expected to grow at a significant rate over the forecast period owing to increasing number of hospitals across the globe.
Small and medium-sized businesses (SMBs) accounted for a considerable market share in 2017 due to increasing penetration of these companies into hospitality business activities such as running hotels or restaurants at their premises or off-premise catering services. SMBs are anticipated to be one of the prominent application segments over the forecast period owing to growing trend among small businesses owners/operators regarding operational efficiency through effective use of technology tools particularly related to property management systems with enhanced features including online reservations system, guestbook entry etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing number of HMOs, hotels and resorts, rising consumer awareness regarding property management tools, and high internet penetration rate. Moreover, presence of key players in this region is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by companies for developing new products and expanding their geographical reach across emerging economies including China and India. Furthermore, growing tourism sector due to rise in disposable income will propel demand for hotel space which will further boost regional demand during forecast period from 2018 to 2030 (estimated CAGR 8% from 2018-2022).
Growth Factors:
- Increasing demand for cloud-based property management tools from small and medium-sized businesses
- Proliferation of mobile devices and apps that can be used for managing properties
- Development of new features and functionalities by vendors in response to the changing needs of customers
- Emergence of big data and analytics, which can be used to improve operational efficiency and decision making in the hospitality industry
- Growing popularity of hotel chains that offer innovative property management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospitality Property Management Tools Market Research Report
By Type
Cloud-Based, On-Premise
By Application
Large Enterprises, SMEs
By Companies
Oracle, Protel, Infor, Guestline, IQware, PAR Springer Miller, Amadeus, Maestro (Northwind), Agilysys, Sihot(GUBSE AG), Hetras (Shiji Group), InnQuest Software, SutiSoft, Inc., Cloudbeds, eZee Absolute
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Hospitality Property Management Tools Market Report Segments:
The global Hospitality Property Management Tools market is segmented on the basis of:
Types
Cloud-Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle
- Protel
- Infor
- Guestline
- IQware
- PAR Springer Miller
- Amadeus
- Maestro (Northwind)
- Agilysys
- Sihot(GUBSE AG)
- Hetras (Shiji Group)
- InnQuest Software
- SutiSoft, Inc.
- Cloudbeds
- eZee Absolute
Highlights of The Hospitality Property Management Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premise
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospitality Property Management Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospitality Property Management Tools is a suite of software tools that help property managers manage their properties more efficiently. The tools include an online booking system, a property management software, and a maintenance scheduling tool.
Some of the major companies in the hospitality property management tools market are Oracle, Protel, Infor, Guestline, IQware, PAR Springer Miller, Amadeus, Maestro (Northwind), Agilysys, Sihot(GUBSE AG), Hetras (Shiji Group), InnQuest Software, SutiSoft, Inc., Cloudbeds, eZee Absolute.
The hospitality property management tools market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospitality Property Management Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospitality Property Management Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospitality Property Management Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospitality Property Management Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospitality Property Management Tools Market Size & Forecast, 2018-2028
4.5.1 Hospitality Property Management Tools Market Size and Y-o-Y Growth
4.5.2 Hospitality Property Management Tools Market Absolute $ Opportunity
Chapter 5 Global Hospitality Property Management Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hospitality Property Management Tools Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hospitality Property Management Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hospitality Property Management Tools Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospitality Property Management Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospitality Property Management Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hospitality Property Management Tools Analysis and Forecast
9.1 Introduction
9.2 North America Hospitality Property Management Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hospitality Property Management Tools Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hospitality Property Management Tools Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hospitality Property Management Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Hospitality Property Management Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hospitality Property Management Tools Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hospitality Property Management Tools Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hospitality Property Management Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hospitality Property Management Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hospitality Property Management Tools Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hospitality Property Management Tools Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hospitality Property Management Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Hospitality Property Management Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hospitality Property Management Tools Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hospitality Property Management Tools Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hospitality Property Management Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hospitality Property Management Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hospitality Property Management Tools Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hospitality Property Management Tools Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospitality Property Management Tools Market: Competitive Dashboard
14.2 Global Hospitality Property Management Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 Protel
14.3.3 Infor
14.3.4 Guestline
14.3.5 IQware
14.3.6 PAR Springer Miller
14.3.7 Amadeus
14.3.8 Maestro (Northwind)
14.3.9 Agilysys
14.3.10 Sihot(GUBSE AG)
14.3.11 Hetras (Shiji Group)
14.3.12 InnQuest Software
14.3.13 SutiSoft, Inc.
14.3.14 Cloudbeds
14.3.15 eZee Absolute
