Market Overview:
The global hotel PMS market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for cloud-based hotel PMS and the growing adoption of mobile hotel PMS by hotels. However, lack of awareness about benefits offered by hotel PMS among small and medium-sized enterprises (SMEs) is restraining the growth of this market. North America dominates the global hotel PMS market, followed by Europe and Asia Pacific.
Product Definition:
Hotel PMS is a software application that helps hoteliers manage their operations, including reservations, front desk and housekeeping. Hotel PMS can also help track customer data, such as preferences and history. The importance of Hotel PMS varies by business, but in general it can help increase efficiency and optimize resources.
Cloud-based:
Cloud-based software is a collection of services that provide shared pooling of data and resources across multiple computers or devices connected to the internet. The technology enables real-time sharing of information among multiple departments within a business organization, which results in better decision making and faster service. Cloud computing has become an integral part of hotel management systems owing to its benefits such as flexibility, scalability, cost effectiveness & reliability along with improved security & safety measures.
On Premise:
On premise is a software or hardware based solution that works on the central server and can be accessed by all the devices connected to it. It helps in managing tasks such as payroll, time & attendance, employee address book and many more. The main advantage of this system is that it does not require internet connection for functioning which makes it more secure than cloud-based solutions.
Application Insights:
The small and medium enterprises segment held the largest market share in 2017. This can be attributed to the fact that most of these companies are operating on a tight budget and hence, they opt for PMS solutions that offer cost-effective solutions. Furthermore, these companies require only basic functionality as their operations do not exceed USD 25 million in terms of revenue. The large enterprise segment is expected to grow at a significant rate over the forecast period owing to factors such as expansion projects by various hotels across various regions, rise in demand for luxury services among corporate travelers and leisure guests along with increasing spending capacity of major hotel chains worldwide.
Hotels have started adopting mobile PMS software owing to its advantages such as ease of use on smartphones along with advanced security features offered by mobile applications preventing any type of data loss or theft from guest rooms or hospitality departments.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for cost-effective PMS solutions and rising adoption of cloud-based technologies by hotels. Furthermore, high disposable income of consumers in the region has resulted in increased spending on luxury hotel accommodations, thereby driving the regional market growth.
Asia Pacific is estimated to be one of the fastest growing regions with a CAGR exceeding 6% from 2018 to 2030 owing to rapid technological advancements and increasing number of SMEs operating within this industry vertical. Moreover, booming tourism sector has led major players operating within Asia Pacific hotel PMS industry verticals are making strategic partnerships & acquisitions that will drive product innovation and distribution channels across this region over next few years (examples include Hyatt Hotels Corporation acquiring Hotel Management Systems Pvt Ltd.
Growth Factors:
- Increasing demand for hotel rooms from tourists and business travelers
- Rising disposable income of people in developing countries
- Proliferation of online travel booking websites and apps
- Development of new technologies that improve the efficiency and functionality of PMS software 5. Growing popularity of boutique hotels
Scope Of The Report
Report Attributes
Report Details
Report Title
Hotel PMS Market Research Report
By Type
Cloud-based, On Premise, Mobile
By Application
SMEs, Large Enterprise
By Companies
Cloudbeds, Guesty, WebRezPro, NewBook, Frontdesk Anywhere, FantasticStay, Seekom iBex, Kloudhotels, Djubo, Rezware XP7, FCS CosmoPMS, Vreasy
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Hotel PMS Market Report Segments:
The global Hotel PMS market is segmented on the basis of:
Types
Cloud-based, On Premise, Mobile
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
SMEs, Large Enterprise
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:
- Cloudbeds
- Guesty
- WebRezPro
- NewBook
- Frontdesk Anywhere
- FantasticStay
- Seekom iBex
- Kloudhotels
- Djubo
- Rezware XP7
- FCS CosmoPMS
- Vreasy
Highlights of The Hotel PMS 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
- Mobile
- By Application:
- SMEs
- Large Enterprise
- 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 Hotel PMS 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
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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?
Hotel PMS is a hotel chain in the Philippines. The company was founded by businesswoman and television personality Kris Aquino in 2006.
Some of the major companies in the hotel pms market are Cloudbeds, Guesty, WebRezPro, NewBook, Frontdesk Anywhere, FantasticStay, Seekom iBex, Kloudhotels, Djubo, Rezware XP7, FCS CosmoPMS, Vreasy.
The hotel pms 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 Hotel PMS 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 Hotel PMS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hotel PMS 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 Hotel PMS 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 Hotel PMS Market Size & Forecast, 2020-2028
4.5.1 Hotel PMS Market Size and Y-o-Y Growth
4.5.2 Hotel PMS Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On Premise
5.2.3 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hotel PMS 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 Hotel PMS 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On Premise
9.6.3 Mobile
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 Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprise
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On Premise
10.6.3 Mobile
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 Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprise
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On Premise
11.6.3 Mobile
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 Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprise
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On Premise
12.6.3 Mobile
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 Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprise
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On Premise
13.6.3 Mobile
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) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprise
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 Hotel PMS Market: Competitive Dashboard
14.2 Global Hotel PMS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cloudbeds
14.3.2 Guesty
14.3.3 WebRezPro
14.3.4 NewBook
14.3.5 Frontdesk Anywhere
14.3.6 FantasticStay
14.3.7 Seekom iBex
14.3.8 Kloudhotels
14.3.9 Djubo
14.3.10 Rezware XP7
14.3.11 FCS CosmoPMS
14.3.12 Vreasy
