Hotel Central Reservation System Market: Regionally Forecast to Increase by 8% CAGR by 2032, Analysis of Tourism Evolution

Hotel Central Reservation System Market
Hotel Central Reservation System Market

In 2022, the market for hotel central reservation systems is expected to be valued USD 400.06 billion. The market is expected to grow at an 8% CAGR and reach USD 800.84 billion in sales by 2032.

Hotel Central Reservation Systems are all in one softwares used by hospitality sector, for easier management of bookings and reservation, along with inventory and property management. The hotel and resort chains with more multiple properties in different regions find it hard to manage these properties and the bookings, especially during the holidays and touring seasons.

Bookings at the front desk are tiresome and confusing, and reservations on phone or by the third party operators are risky and uncertain. At such time, tourists are relying on online booking channels. The booking channels are connecting tourists to the number of hotels and resorts and making bookings lot easier.

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Hotel management use CRS, which automates processing and sorting of bookings and reservations in accordance with customer requests, to manage these bookings made through mobile applications, websites, and OTAs.

Key Takeaways from the Hotel Central Reservation Systems Market Study:

  • The North America, Europe and Asia Pacific regions hold a market share of ~26%, ~22% and ~18% respectively.
  • COVID-19 affected 0.45% to the Hotel Central Reservation Systems market.

Key Manufacturing Companies:

  • OPERA Property Management System
  • eZee Front desk
  • Room Master
  • Hotelogix PMS
  • MSI CloudPM
  • Rezlynx PMS
  • CenDyn
  • Vertical booking
  • Amadeus
  • eRevMax
  • SHR
  • GuestCentric

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Hotel Central Reservation System by Category

By Operation Type (% of Demand):

  • Offline
  • Cloud-Based

By Booking Channel (% of Demand):

  • Phone Booking
  • Online Booking
  • In Person Booking

By Sales Type (% of Demand):

  • Direct Sales
  • Distribution Sales

By User (% of Demand):

  • Big Enterprises
  • Small Enterprises
  • Individuals

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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