The airline reservation software market was valued at US$ 5.2 Bn in 2022 and is expected to reach US$ 10.2 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. It is Expected to Progress at a CAGR of 9.5% from 2022 – 2032. As per the findings, revenue through B2B Travel Portal grew at a CAGR of 10% during 2015 – 2021.
The airline reservation system is critical since it has the ability to significantly reduce errors that could have occurred when using a manual reservation system. Customers can book flights whenever they want due to the online mode of operation.
Customers can thus use this system that makes reservations, modify reservations, and cancel reservations. The flight reservation software are particularly designed to function as a stand-alone application. The need for this system was recognized in the early stages of the airline industry, when information such as flight routes, aircraft, schedules, and fares was published in large books by airlines.
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Travel agents faced the difficult task of researching separate books for reservations involving multiple airlines. It was a pipe dream to obtain a real-time picture of seat availability because airlines only shared information at the end of the day. Airline Reservation Software is used for airline reservations and interfaces with a global distribution system (GDS), which allows travel agencies and other distribution channels to make reservations for most airline companies in a single system.
The reservation software provides software design airline reservation and reservation software for inventory management modules, such as a centralized database architectural style for real-time data, travel information and seating management, and accommodation.
Competitive Analysis
The prominent players in the airline reservation software market are Airmax Systems, Provab ARS, VIDECOM design, SkyVantage, Results Reservation System, Kiu RES Airline Solutions Suite, Blue Sky Booking, SabreSonic Res, RezG-Package, AvAIO, Odysseus Solutions, Crane PAX, Sabre Airline Merchandising, Takeflite Reservation System, aeroLINE, AirKiosk system, Bird Group, iFly Res, and AmeliaRES.
Some of recent developments for Airline Reservation Software Market are:
• In November 2021, Sabre Corporation, the leading software and technology corporation that powers the international travel industry that includes airline reservation software, announced the release of the first two products in the company’s Retail Intelligence suite: Sabre Air Price IQ and Sabre Ancillary IQ, which are designed to dynamically price airfare and ancillaries, respectively.
• Sabre Retail Intelligence is a suite that empowers airlines to deliver personalized travel offers through both traditional and non-traditional channels.
• In May 2022, Kiu System Solutions, a leading technology provider for the travel sector, announced that it has won a client in Colombia. Sarpa Airlines has signed contracts for the systems Kiu PSS, Kiu DCS for check-in, Kiu GDS for worldwide spread through travel companies, Kiu E-commerce, and Kiu Admin for revenue accounting. Similarly, they plan to sign up for Kiu Business Intelligence in the near future to expand their use of Kiu’s suite of solutions.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Global Airline Reservation Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Global Airline Reservation Software Market in terms of Type (B2B Travel Portal and B2C Booking Engine), By Application (International Airline Booking and Domestic Airline Booking), across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).
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