Hotel Management Software Market Statistics 2021: Technical Signs Point to Higher Growth in Coming Years

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hotel management software market

The trend of personalized guest experiences seen through mobile technology is one of the driving factors in the adoption of hotel management software.

PORTLAND, OR, USA, Oct. 25, 2021 /EINPresswire.com/ — The need for SaaS hotel management software is expected to drive the growth of the hotel management software market over the next few years. Its cost effectiveness due to low maintenance and installation costs is driving the demand for hotel property management software in SaaS mode in the hospitality industry. Additionally, the rapid growth of the hospitality and tourism industry is playing a major role in the growth of the hotel management software market. Hoteliers are focused on implementing strategies and solutions to improve and maintain operational efficiency and improve guest engagement.

However, software system integration complexities and insufficient availability of technically qualified personnel are limiting the market growth to some extent. On the other hand, new technologies such as Internet of Things (IoT), machine learning, and artificial intelligence are expected to create opportunities for the cloud-based hotel management software market.

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The main players analyzed are Johnson Controls, NEC Corporation, Oracle Corporation, Schneider Electric, Honeywell International, Inc., International Business Machines Corporation (IBM), Cisco Systems, Inc., Huawei Technologies Co. Ltd., Protel hotel software GmbH., and Info.

Impact of the COVID-19 pandemic on the hotel management software market:

• The hospitality industry is the most affected sector due to the COVID-19 pandemic. This affects all levels of hospitality. As various countries around the world face lockdown, hotel rooms are vacant, leading to hotel closures.
• However, this is a temporary situation that will eventually end. The post-pandemic is expected to help drive the hotel management software market and high software adoption will be witnessed.

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