The rapidly growing hospitality industry is changing the global hotel operating system market scenario. Growing disposable income and increasing spending on traveling and accommodation is driving the growth of the hotel operating system industry. According to Condor Ferries, Ltd. an operator of passenger and freight ferry services, there are over 700,000 hotels and resorts across the globe generating billion-dollar across the globe. Further, the growing hotel chain is also driving the demand for a hotel operating system. For instance, the leading group is the Wyndham Hotel Group, which has more than 9157 properties across the globe. Increasing the hotel chain creates demand for proper management of assets and operations which creates enormous opportunities for the market.
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Dubai, the US, China, and France, is among the top visiting destination among tourists. These locations have a large number of hotels and resorts. For instance, there are 150,000 rooms in Las Vegas and the oldest hotel is the Golden Gate which opened in 1906. Further, in Dubai, there were around 65 new hotels opened in 2018. At the end of June 2019, Dubai had 714 hotels with 118,345 rooms, and these numbers are expected to increase every year by significant growth. Thus, a growing number of hotels and growing employment in the hotel industry are contributing to the global hotel operating system market.
Small hotel to 7 Star hotel, all utilize hotel operating software to manage internal and external operations such as room service, HR department, billing, and so on. There are few trending products in the global hotel operating system market which is significantly being adopted by the hospitality industry. These include Cloud beds, eZeeFrontdesk by eZeeTechnosys, Front desk Anywhere, Hotelogix PMS by Hotelogix, Maestro PMS, MSI Cloud PM by MSI, OPERA Property Management System (PMS) by Oracle, and so on.
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Global Hotel Operating System Market Segmentation
By Types
· Cloud-Based
· On-Premises
By End-User
· Large Enterprise
· Small and Medium-Sized Enterprises (SMEs)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
