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

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Hotel Management Software Market

One of the driving factors behind the adoption of hotel management software is the trend of personalized guest experiences seen through mobile technology.

PORTLAND, OR, USA, Oct 25, 2021 /EINPresswire.com/ – The need for SaaS hotel management software is expected to drive the hotel management software market growth over the next several years. Its profitability due to its low maintenance and installation costs is driving the demand for SaaS-based hotel property management software in the hospitality industry. In addition, the rapid growth of the hotel and tourism industry is playing a major role in the growth of the hotel management software market. Hoteliers focus on implementing strategies and solutions to improve and maintain operational efficiency and improve guest engagement.

However, the complexities of software system integration and insufficient availability of technically qualified personnel are holding back the growth of the market 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 Inform.

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. It affects all levels of hospitality. As various countries around the world face foreclosure, hotel rooms are vacant, leading to hotel closures.
• However, this is a temporary situation and will eventually be terminated. The post-pandemic is expected to help the hotel management software market thrive and significant software adoption will be seen.

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