Market Overview:
The global hotel revenue management system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based hotel revenue management systems and the growing adoption of big data and analytics in the hospitality industry. The global hotel revenue management system market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into cloud-based and on-premises systems. Cloud-based systems are expected to grow at a higher CAGR than on-premises systems during the forecast period owing to their advantages such as scalability, flexibility, and low cost of ownership. On the basis of application, it is segmented into luxury & high-end hotels, mid-range hotels & business hotels, resorts hotels, boutique hotels, and others (including educational institutions). The luxury & high-end hotel segment is expected to account for a major share of this market in 2018 owing to rising disposable income levels across regions coupled with an increase in tourist arrivals worldwide.
Product Definition:
A hotel revenue management system (HRMS) is a computerized system used in the hospitality industry to manage room availability and prices. The system uses mathematical models to predict demand for rooms and to recommend prices that will maximize revenue. HRMSs typically include modules for handling reservations, rate setting, distribution, and reporting.
Cloud Based:
Cloud-based software is a type of service that allows users to access data or functionality remotely using an internet connection. The technology involves four basic elements: cloud, infrastructure, application & user. Cloud based hotel revenue management system helps in managing all the operations and activities related to hotels such as reservations, guest information management system and financial accounting among others.
On-Premises:
On-premises is a system that is installed and operated completely from the originating company's data center. The software or systems are developed by the company itself and there is no third-party involvement in its operations. It has been used traditionally for many years, as it was considered to be more profitable for companies to operate their business directly rather than sharing revenue with a host of other stakeholders such as hotels, airlines, travel agents, car rental agencies among others.
Application Insights:
The luxury and high-end hotels segment dominated the global hotel revenue management system market, accounting for a share of over 40.0% in 2017. This is attributed to the growing number of ultra-luxury hotels across the world that offer an elevated experience to their guests. Furthermore, increasing demand for staycation resorts across various regions coupled with rising consumer spending on travel vacations is expected to drive this segment over the forecast period.
The mid-range hotels & business hotel segment accounted for a significant share in 2017 and are projected to expand at a CAGR exceeding 9% from 2018 to 2030 owing to increased government expenditure on tourism development as well as promotion policies implemented by different countries including China, India and Australia regarding foreign investors in hospitality businesses within their borders.
Regional Analysis:
The Asia Pacific hotel industry is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing investments in various sectors such as tourism, hospitality and leisure, aviation, healthcare and wellness. Increasing disposable income levels coupled with growing tourism activities are anticipated to drive demand for revenue management systems in this region. Furthermore, rising number of hotels due to rapid urbanization along with increased availability of rooms is projected favorably impact market growth over the next eight years.
North America accounted for more than 25% share of global revenue in 2017 owing to high acceptance level regarding GMMS among hoteliers especially those operating luxury hotels or resorts across U.S., Canada and Mexico countries as well as international tourist destinations including Florida Keys; Niagara Falls; Las Vegas; Los Angeles Area; New York City Area; San Francisco Bay Area etc.; Orlando metro area including Tampa and Miami Beach etc.; Puerto Rico area including Rio Grande Valley etc.
Growth Factors:
- Increasing demand for online hotel reservations and bookings
- Rising trend of using mobile devices for booking hotels
- Proliferation of cloud-based solutions that offer scalability and flexibility
- Emergence of new technologies such as big data, predictive analytics, and machine learning
- Growing number of travel startups that are offering innovative services
Scope Of The Report
Report Attributes
Report Details
Report Title
Hotel Revenue Management System Market Research Report
By Type
Cloud Based, On-Premises
By Application
Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels, Others
By Companies
RevControl, AxisRooms, IDeaS(SAS), Infor, RevPar Guru, Maxim RMS, Cloudbeds, JDA Software, RoomPriceGenie, RateBoard, Profit Intelligence, LodgIQ, Hotel Scienz, Climber Hotel, BeOnPrice, Atomize, Hotelpartner
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hotel Revenue Management System Market Report Segments:
The global Hotel Revenue Management System market is segmented on the basis of:
Types
Cloud Based, On-Premises
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
Luxury & High-End Hotels, Mid-Range Hotels & Business Hotels, Resorts Hotels, Boutique Hotels, Others
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:
- RevControl
- AxisRooms
- IDeaS(SAS)
- Infor
- RevPar Guru
- Maxim RMS
- Cloudbeds
- JDA Software
- RoomPriceGenie
- RateBoard
- Profit Intelligence
- LodgIQ
- Hotel Scienz
- Climber Hotel
- BeOnPrice
- Atomize
- Hotelpartner
Highlights of The Hotel Revenue Management System 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-Premises
- By Application:
- Luxury & High-End Hotels
- Mid-Range Hotels & Business Hotels
- Resorts Hotels
- Boutique Hotels
- Others
- 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 Revenue Management System 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.
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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?
A hotel revenue management system (HRMS) is a computerized system used by hotels to manage their revenues. The HRMS typically includes modules for accounting, billing, inventory control, and financial reporting.
Some of the major companies in the hotel revenue management system market are RevControl, AxisRooms, IDeaS(SAS), Infor, RevPar Guru, Maxim RMS, Cloudbeds, JDA Software, RoomPriceGenie, RateBoard, Profit Intelligence, LodgIQ, Hotel Scienz, Climber Hotel, BeOnPrice, Atomize, Hotelpartner.
The hotel revenue management system 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 Revenue Management System 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 Revenue Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hotel Revenue Management System 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 Revenue Management System 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 Revenue Management System Market Size & Forecast, 2018-2028
4.5.1 Hotel Revenue Management System Market Size and Y-o-Y Growth
4.5.2 Hotel Revenue Management System Market Absolute $ Opportunity
Chapter 5 Global Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Applications
6.2.1 Luxury & High-End Hotels
6.2.2 Mid-Range Hotels & Business Hotels
6.2.3 Resorts Hotels
6.2.4 Boutique Hotels
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hotel Revenue Management System 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 Revenue Management System 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 Hotel Revenue Management System Analysis and Forecast
9.1 Introduction
9.2 North America Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premises
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 Hotel Revenue Management System Market Size Forecast by Applications
9.10.1 Luxury & High-End Hotels
9.10.2 Mid-Range Hotels & Business Hotels
9.10.3 Resorts Hotels
9.10.4 Boutique Hotels
9.10.5 Others
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 Hotel Revenue Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premises
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 Hotel Revenue Management System Market Size Forecast by Applications
10.10.1 Luxury & High-End Hotels
10.10.2 Mid-Range Hotels & Business Hotels
10.10.3 Resorts Hotels
10.10.4 Boutique Hotels
10.10.5 Others
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 Hotel Revenue Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premises
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 Hotel Revenue Management System Market Size Forecast by Applications
11.10.1 Luxury & High-End Hotels
11.10.2 Mid-Range Hotels & Business Hotels
11.10.3 Resorts Hotels
11.10.4 Boutique Hotels
11.10.5 Others
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 Hotel Revenue Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Hotel Revenue Management System 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 Hotel Revenue Management System Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premises
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 Hotel Revenue Management System Market Size Forecast by Applications
12.10.1 Luxury & High-End Hotels
12.10.2 Mid-Range Hotels & Business Hotels
12.10.3 Resorts Hotels
12.10.4 Boutique Hotels
12.10.5 Others
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) Hotel Revenue Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hotel Revenue Management System 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) Hotel Revenue Management System Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premises
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) Hotel Revenue Management System Market Size Forecast by Applications
13.10.1 Luxury & High-End Hotels
13.10.2 Mid-Range Hotels & Business Hotels
13.10.3 Resorts Hotels
13.10.4 Boutique Hotels
13.10.5 Others
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 Revenue Management System Market: Competitive Dashboard
14.2 Global Hotel Revenue Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RevControl
14.3.2 AxisRooms
14.3.3 IDeaS(SAS)
14.3.4 Infor
14.3.5 RevPar Guru
14.3.6 Maxim RMS
14.3.7 Cloudbeds
14.3.8 JDA Software
14.3.9 RoomPriceGenie
14.3.10 RateBoard
14.3.11 Profit Intelligence
14.3.12 LodgIQ
14.3.13 Hotel Scienz
14.3.14 Climber Hotel
14.3.15 BeOnPrice
14.3.16 Atomize
14.3.17 Hotelpartner
