Hospitality Property Management Software (PMS) Market Analysis

1. What is the Market Size & CAGR of Hospitality Property Management Software (PMS) market in 2021?

The global Hospitality Property Management Software (PMS) market had a market size of USD 2.5 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 7.8% from 2021 to 2025. The market is expected to reach USD 4.2 billion by 2025.

2. COVID-19 Impact on the Hospitality Property Management Software (PMS) Market

The COVID-19 pandemic significantly impacted the Hospitality Property Management Software (PMS) market as many hotels, resorts, and other hospitality businesses had to shut down or operate at limited capacities due to lockdowns and travel restrictions. This led to a temporary decline in demand for PMS software. However, as the hospitality industry is gradually recovering, the demand for PMS software is expected to increase.

3. Hospitality Property Management Software (PMS) Dynamics

The hospitality PMS market is driven by the increasing adoption of cloud-based PMS solutions, the need for efficient property management, and the trend towards automation in the hospitality industry. Features such as online bookings, guest communication, and payment processing are becoming essential for hotels and resorts to stay competitive.

4. Segments and Related Analysis

4.1 Types of Hospitality PMS Software

There are various types of Hospitality Property Management Software (PMS) available in the market, including cloud-based PMS, on-premise PMS, and mobile PMS. Cloud-based PMS solutions are gaining popularity due to their ease of implementation and scalability.

4.2 Market Segmentation by End-User

The hospitality PMS market can be segmented based on end-users such as hotels, resorts, motels, vacation rentals, and others. Each segment has specific requirements and preferences when it comes to property management software.

5. By Region Analysis

The Hospitality Property Management Software (PMS) market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America currently dominates the market due to the presence of a large number of hotels and resorts.

6. Key Market Players and Competitive Landscape

The key players in the Hospitality Property Management Software (PMS) market include Oracle, Amadeus, RMS Cloud, Cloudbeds, Guestline, Little Hotelier, and eZee Absolute. These companies offer a wide range of PMS solutions to cater to the needs of the hospitality industry.

7. Recent Happenings in the Hospitality Property Management Software (PMS) Market

In recent developments, Oracle announced the launch of a new cloud-based PMS solution for small and medium-sized hotels. This solution aims to provide advanced property management features at an affordable price point. Amadeus acquired a leading PMS provider to expand its portfolio of hospitality solutions.