Hotel Central Reservation System Market Forecasting to Reach US$ 800.84 Billion by 2032, Envisioning an 8% CAGR | FMI

Hotel Central Reservation System Market
Hotel Central Reservation System Market

In 2022, the market for hotel central reservation systems is anticipated to be valued at US$ 400.06 billion. The market is predicted to expand at an 8% CAGR and reach US$ 800.84 billion in sales by 2032.

Hotel Central Reservation Systems are all-in-one software used by the hospitality sector, for easier management of bookings and reservations, along with inventory and property management. The hotel and resort chains with 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 the phone or by third-party operators are risky and uncertain. At such times, tourists are relying on online booking channels. The booking channels are connecting tourists to a 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.
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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

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

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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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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