The Business Research Company’s Hospitality Property Management Software Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hospitality Property Management Software Global Market Report 2023 evaluates hospitality property management software market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global hospitality property management software market is expected to grow from $1.13 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growing demand for online travel agencies, globalization of the hospitality industry, growing emphasis on customer satisfaction, government initiatives.
Increasing tourism and travel is expected to propel the growth of the hospitality property management software market going forward. Increasing tourism and traveling refers to the development and expansion of the tourism industry and the rising number of people traveling for leisure, business, or other purposes. Hospitality property management software plays a crucial role in tourism by helping hotels and other hospitality businesses streamline their operations and enhance guest experiences. For instance, in January 2023, according to the United Nations World Tourism Organization (UNWTO), a Spain-based specialized agency of the United Nations, over 900 million tourists traveled internationally in 2022, twice as many as in 2021. Further, the Middle East experienced the most remarkable relative growth in tourists, with arrivals reaching 83% of pre-pandemic levels. Therefore, increasing tourism and travel are driving the growth of the hospitality property management software market.
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The hospitality property management software market segments in the report are:
1) By Deployment: On-Premise, Cloud
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Application: Business Hotels, Resorts And Spas, Heritage And Boutique Hotels
The table of contents in TBRC’s hospitality property management software market report includes:
- Executive Summary
- Hospitality Property Management Software Market Characteristics
- Hospitality Property Management Software Market Trends And Strategies
- Hospitality Property Management Software Market – Macro Economic Scenario
- Global Hospitality Property Management Software Market Size and Growth
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- Global Hospitality Property Management Software Market Competitive Benchmarking
- Global Hospitality Property Management Software Market Competitive Dashboard
- Key Mergers And Acquisitions In The Hospitality Property Management Software Market
- Hospitality Property Management Software Market Future Outlook and Potential Analysis
- Appendix
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