Global Hotel Booking Engine System Market 2023 by Company, Regions, Type and Application, Forecast to 2029
According to our (Global Info Research) latest study, the global Hotel Booking Engine System market size was valued at USD 16080 million in 2022 and is forecast to a readjusted size of USD 24380 million by 2029 with a CAGR of 6.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The hotel booking engine system market refers to the industry involved in the development and provision of software solutions that enable hotels and accommodation providers to manage their online bookings and reservations. A hotel booking engine system typically includes features such as real-time availability, room inventory management, pricing and rate management, and secure payment processing.
The market for hotel booking engine systems has experienced significant growth in recent years due to the increasing popularity of online hotel bookings and the shift towards direct bookings through hotel websites. The rise of online travel agencies (OTAs) and the growing trend of travelers preferring to book accommodations online have driven the demand for efficient and user-friendly booking engine systems.
Key players in the hotel booking engine system market include software providers, technology companies, and travel technology platforms. These companies offer a range of solutions that cater to the needs of hotels, resorts, bed and breakfast establishments, and other accommodation providers.
The market is driven by factors such as the need for hotels to have a robust online presence, the desire to increase direct bookings and reduce dependency on OTAs, and the demand for personalized booking experiences for guests. Hoteliers are increasingly recognizing the importance of investing in booking engine systems that integrate seamlessly with their websites, provide a smooth and secure booking process, and offer features to enhance customer engagement and loyalty.
In terms of geographical distribution, the hotel booking engine system market is global, with demand coming from various regions worldwide. The market is influenced by factors such as the size of the hospitality industry, the level of digital adoption, and the overall travel and tourism trends in each region.
Additionally, the market is evolving with the introduction of new technologies and features such as mobile booking capabilities, integration with channel management systems, and the use of artificial intelligence to personalize booking experiences. These advancements aim to improve the efficiency and competitiveness of hotel booking processes.
A hotel booking engine is an online reservation system that helps direct reservations to be made. An easy, fast, and secure system, a booking engine helps increase direct sales without paying any commissions. With an increase in direct bookings, even the smallest hotel now cannot ignore the need for an online booking engine.
This report is a detailed and comprehensive analysis for global Hotel Booking Engine System market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Hotel Booking Engine System market size and forecasts, in consumption value ($ Million), 2018-2029
Global Hotel Booking Engine System market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Hotel Booking Engine System market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Hotel Booking Engine System market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hotel Booking Engine System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hotel Booking Engine System market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sabre (SynXis), Amadeus, SHR Group, Cendyn and D-EDGE, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Hotel Booking Engine System market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Web-based
Cloud-based
Market segment by Application
Luxury & High-End Hotels
Mid-Range Hotels & Business Hotels
Resorts Hotels
Boutique Hotels
Others
Market segment by players, this report covers
Sabre (SynXis)
Amadeus
SHR Group
Cendyn
D-EDGE
Oracle
Busy Rooms
Shiji Group
SiteMinder
Clock Software
Zucchetti Group
DJUBO
Profitroom
Cloudbeds
Net Affinity
innRoad
HotelRunner
Hotelogix
eRevMax
Blastness
Bookassist
Omnibees
AxisRooms
EZee Technosys
WebRezPro
Bookwize
STAAH
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Hotel Booking Engine System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Hotel Booking Engine System, with revenue, gross margin and global market share of Hotel Booking Engine System from 2018 to 2023.
Chapter 3, the Hotel Booking Engine System competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Hotel Booking Engine System market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Hotel Booking Engine System.
Chapter 13, to describe Hotel Booking Engine System research findings and conclusion.