Market Overview:
The global hospitality software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based hospitality software and rising adoption of mobile technologies in the hospitality sector. The global hospitality software market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hotel software, reservation software, restaurant software, and others.
Product Definition:
Hospitality software is a type of computer software that helps businesses in the hospitality industry manage their operations. This type of software can include modules for managing reservations, check-ins and check-outs, room assignments, billing and invoicing, customer profiles, and other tasks related to running a hotel or other hospitality business.
The importance of hospitality software lies in its ability to help businesses manage many complex processes efficiently and effectively. By automating many routine tasks, this type of software can save time and money while improving customer service. Additionally, modern hospitality software often includes features that allow businesses to track key performance metrics such as occupancy rates and revenue generation. This data can help owners make informed decisions about how to improve their business operations.
Hotel Software:
Hotel software is a computer program that controls and monitors the operations of a hotel. It helps in maintaining records of bookings, inventory, revenue management, guest information and loyalty programs. The software also helps in managing human resources such as staff scheduling and payroll processing among others. Hotel software solutions are widely used by small to large size hotels for streamlining their business operations.
Reservation Software:
Reservation software is a tool that helps the hotelier to manage their reservations. It offers features such as online booking, automated billing, and customer feedbacks. The software also provides an option for the hotelier to integrate their website with third-party booking engines such as Agoda and Booking.com among others which can help them increase revenue from online bookings by providing additional services such as loyalty programs and discounts on future bookings respectively.
Application Insights:
The large enterprises segment held the largest market share in 2017. This is attributed to the fact that majority of hospitality companies have a group of employees who are responsible for managing various operations such as reservations, guestbook management, and point of sale. These applications help large enterprises manage their business effectively by automating routine tasks so that they can focus on delivering superior customer service.
The SMEs segment is expected to grow at a significant rate over the forecast period owing to increasing penetration and demand for advanced software solutions in small hotels and restaurants across various regions including North America, Europe, Asia Pacific, Latin America etc. The need for effective inventory management systems with easy access to real-time data regarding stock levels & availability has become crucial in this industry as it directly impacts overall business operations positively.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of prominent players operating in this region, along with high adoption rate for advanced technologies among hotels. Furthermore, increasing demand for on-demand dining and rising trend towards BYOD are also contributing to regional growth.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments by companies located in developed economies such as North America and Europe. In addition, growing tourism sector across emerging countries such as China and India is further anticipated to drive regional demand during the forecast period.
Growth Factors:
- Increasing demand for cloud-based hospitality software solutions due to the advantages of scalability and flexibility offered by the cloud.
- Proliferation of mobile devices and apps, which is helping to drive demand for hospitality software that can be accessed from anywhere at any time.
- The increasing trend of hotel consolidation is leading to the need for more sophisticated and comprehensive hospitality software systems in order to manage multiple properties effectively.
- Rapid growth in the number of independent restaurants and small hotels, which are driving demand for affordable yet powerful hospitality software solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospitality Software Market Research Report
By Type
Hotel Software, Reservation Software, Restaurant Software, Others
By Application
Large Enterprises, SMEs
By Companies
Caterease, Trumpia, Oracle Hospitality, Total Party Planner, Curate Proposals, Open Table Connect, Yelp Reservations, NCR Aloha POS, Toast, TouchBistro Restaurant POS, Jolt, Upserve, Frontdesk Anywhere, Vreasy, RMS, Inn Style
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Hospitality Software Market Report Segments:
The global Hospitality Software market is segmented on the basis of:
Types
Hotel Software, Reservation Software, Restaurant Software, Others
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:
- Caterease
- Trumpia
- Oracle Hospitality
- Total Party Planner
- Curate Proposals
- Open Table Connect
- Yelp Reservations
- NCR Aloha POS
- Toast
- TouchBistro Restaurant POS
- Jolt
- Upserve
- Frontdesk Anywhere
- Vreasy
- RMS
- Inn Style
Highlights of The Hospitality Software 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:
- Hotel Software
- Reservation Software
- Restaurant Software
- Others
- 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 Software 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
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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 software is a type of software that helps businesses manage their operations. This includes everything from booking rooms and arranging transportation to managing customer service.
Some of the major companies in the hospitality software market are Caterease, Trumpia, Oracle Hospitality, Total Party Planner, Curate Proposals, Open Table Connect, Yelp Reservations, NCR Aloha POS, Toast, TouchBistro Restaurant POS, Jolt, Upserve, Frontdesk Anywhere, Vreasy, RMS, Inn Style.
The hospitality software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospitality Software 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospitality Software 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 Software 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 Software Market Size & Forecast, 2018-2028
4.5.1 Hospitality Software Market Size and Y-o-Y Growth
4.5.2 Hospitality Software Market Absolute $ Opportunity
Chapter 5 Global Hospitality Software 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 Software Market Size Forecast by Type
5.2.1 Hotel Software
5.2.2 Reservation Software
5.2.3 Restaurant Software
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hospitality Software 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 Software 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 Software 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 Software 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America Hospitality Software 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 Software Market Size Forecast by Type
9.6.1 Hotel Software
9.6.2 Reservation Software
9.6.3 Restaurant Software
9.6.4 Others
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 Software 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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe Hospitality Software 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 Software Market Size Forecast by Type
10.6.1 Hotel Software
10.6.2 Reservation Software
10.6.3 Restaurant Software
10.6.4 Others
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 Software 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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hospitality Software 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 Software Market Size Forecast by Type
11.6.1 Hotel Software
11.6.2 Reservation Software
11.6.3 Restaurant Software
11.6.4 Others
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 Software 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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Hospitality Software 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 Software Market Size Forecast by Type
12.6.1 Hotel Software
12.6.2 Reservation Software
12.6.3 Restaurant Software
12.6.4 Others
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 Software 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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hospitality Software 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 Software Market Size Forecast by Type
13.6.1 Hotel Software
13.6.2 Reservation Software
13.6.3 Restaurant Software
13.6.4 Others
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 Software 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 Software Market: Competitive Dashboard
14.2 Global Hospitality Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterease
14.3.2 Trumpia
14.3.3 Oracle Hospitality
14.3.4 Total Party Planner
14.3.5 Curate Proposals
14.3.6 Open Table Connect
14.3.7 Yelp Reservations
14.3.8 NCR Aloha POS
14.3.9 Toast
14.3.10 TouchBistro Restaurant POS
14.3.11 Jolt
14.3.12 Upserve
14.3.13 Frontdesk Anywhere
14.3.14 Vreasy
14.3.15 RMS
14.3.16 Inn Style
