According to Value Market Research, the global Hospitality Property Management Software Market is accelerated by Hoteliers and property owners trying to automate recurring tasks thus spend less time on administrative tasks and more time satisfying their guests will be the main impetus for market growth. Availability of cloud-based PMSs that equip both hoteliers and guests with improved agility and mobile functionalities to improve customer relationships will benefit market growth. The rapid proliferation of the internet and handheld devices will further enhance the market growth. The seamless integration of other onsite services to provide a superior guest experience like food and beverage sales, sales and event management, analytics, loyalty, and revenue optimization will further propel market growth. Easy deployment, faster upgrades, and smooth integration with third-party tools for extended features will be a market booster. The various challenges associated with integrating PMS with the existing infrastructure have been the main restraining factor for market growth.
The major players in the hospitality property management software market include Atulyam Hotelline Solutions Pvt. Ltd., Digital Arbitrage Inc. (Cloudbeds), Ezee Technosys Pvt. LTD., Frontdesk Anywhere Inc., HMS Infotech Pvt. Ltd., MSI Solutions, Northwind Canada Inc. (Maestro), Oracle Corporation, Resort Data Processing Inc., and Skytouch Solutions LLC.
Hospitality Property Management Software Market Segmentation
By Type
- On-Premise
- Cloud-Based
By Application
- Business Hotels
- Resorts and Spas
- Heritage and Boutique Hotels
The Hospitality Property Management Software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: (Value Market Research) https://www.valuemarketresearch.com/report/hospitality-property-management-software-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.