Future Outlook of Hotel Market Intelligence Software Market with Top Key Players Clever Hospitality Analytics, Hoist Group, Intelligent Hospitality, LLC., Uneecops Technologies LTD

Dec 04 2019 / By Absolute Markets Insights

Hotel market intelligence software, through business intelligence tools, offers comprehensive market scenario to the end users so as to obtain relevant insights on historical and future performance for regulating marketing strategies, determining market opportunities, and precisely analyzing market improvement metrics. This information enables hoteliers to optimize the management of their departments through business intelligence and undertake informed decisions. Tourism and hospitality industry have augmented considerably. There is a continuous increase in the number of individuals traveling and exploring new locations. Hotels are widely deploying these solutions to understand in-market trends, consumers’ taste and preferences and accordingly offer customized and budget stays to the travelers. The same is profusely contributing towards the growth of hotel market intelligence software market.

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Hotel market intelligence software provides organized and structure data to the hoteliers, enabling them to stay abreast with the development trends in the industry and accurately gauge and monitor market fluctuations. Hotel chains are among the prominent users of hotel market intelligence software, while independent hotels too are increasingly adopting these solutions to derive optimum benefits and economize their operation cost. Multiple solutions related to reservation management, customer relationship management and revenue management amongst others are being offered by hotel market intelligence software market vendors. Hoteliers are increasingly incorporating these solutions to automate operational processes and aid the management to gather relevant business intelligence and analyze vital information in real-time scenario.

Cloud based hotel market intelligence software are being largely preferred by hoteliers since the deployment mode offers more flexible and cost-effective solutions. Upgrades to the solution can be easily incorporated at a comparatively lower cost. However, the frequent requirement to update the solution owing to consistent evolution of technology and changing customer needs, is posing a challenge for hoteliers, and is thereby restraining the hotel market intelligence software market growth.

Huge investments in R&D made by major industry participants coupled with growing adoption of various data analytics methods by hoteliers to analyze market trends is driving hotel market intelligence software market growth in North America. The region held highest market share in terms of revenue with 36.36% in 2018. Increase in establishment of hotels coupled with growing adoption of technological advancements is estimated to drive the growth of Asia Pacific hotel market intelligence software market over the forecast period.

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The overall hotel market intelligence software market, revenue stood at US$ 454.90 million in the year 2018 and is expected to grow at a CAGR of 4.6% during the forecast period of 2019 – 2027.

Competitive Landscape

The report provides both, qualitative and quantitative research of global hotel market intelligence software market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in global hotel market intelligence software market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarters, competitors, product/service type, application and specification, pricing, and gross margin.

The primary market participants in the global hotel market intelligence software market include Clever Hospitality Analytics, Hoist Group, Intelligent Hospitality, LLC., Uneecops Technologies LTD., Mastel Hospitality, Datavision Technologies, Inc., Duetto Research, Juyo Analytics, M3, Inc., The Rainmaker Group Ventures, Sisense Inc.

Hotel Market Intelligence Software Market:

By Solutions:
  • Sales & Marketing
  • Revenue Management
  • Labor Metrics
  • Forecasting & Budgeting
  • Reservation Management
  • Point of Sale (POS) Solution
  • Logistics & Inventory Monitoring
  • Customer Relationship Management (CRM)
  • Others
Hotel Market Intelligence Software Market By Platform:
  • Web – Based
  • Application Based
By Deployment:
  • Cloud-Based
  • On Premise
Hotel Market Intelligence Software Market By Application:
  • Independent Hotels
  • Hotel Chain
By Region:
  • North America
    • S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
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