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Global Central Reservation System Software for Hotel Market Growth (Status and Outlook) 2023-2029

Global Central Reservation System Software for Hotel Market Growth (Status and Outlook) 2023-2029

Product Code:461501

Published Date: Jan 09,2023

Pages: 112

Region: Global

Category: Service & Software

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Central Reservation System (CRS) Software for Hotel, also known as hotel reservations software, can better help hospitality businesses to manage online bookings and reservations, ensure a smooth transaction process for guests and centrally manage and distribute room inventory and rates.

LPI (LP Information)' newest research report, the “Central Reservation System Software for Hotel Industry Forecast” looks at past sales and reviews total world Central Reservation System Software for Hotel sales in 2022, providing a comprehensive analysis by region and market sector of projected Central Reservation System Software for Hotel sales for 2023 through 2029. With Central Reservation System Software for Hotel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Central Reservation System Software for Hotel industry.

This Insight Report provides a comprehensive analysis of the global Central Reservation System Software for Hotel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Central Reservation System Software for Hotel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Central Reservation System Software for Hotel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Central Reservation System Software for Hotel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Central Reservation System Software for Hotel.

The global Central Reservation System Software for Hotel market size is projected to grow from US$ 520.2 million in 2022 to US$ 1167.5 million in 2029; it is expected to grow at a CAGR of 12.2% from 2023 to 2029.

On the basis of product type, Cloud-based represent the largest share of the worldwide Central reservation system software for hotel market, with 85% share. In the applications, Large Enterprises segment is estimated to be the largest end-use industry segment of the market in 2019, with 70% share of global market. North America holds the major share in the market, with a share of 34%.Top 5 companies, including Amadeus, Sabre (SynXis), Mingus Software (Hotello), HotelRunner and ResNexus, took up about 37% of the global market in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Central Reservation System Software for Hotel market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Web-based
    Cloud-based

Segmentation by application
    SMEs
    Large Enterprises

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Amadeus
    Sabre (SynXis)
    Mingus Software (Hotello)
    HotelRunner
    ResNexus
    Little Hotelier
    EZee
    Eviivo
    RoomKeyPMS
    Resort Data (RDPWin)
    Cvent Passkey
    Pegasus
    D-EDGE
    SHR (Windsurfer)
    Shiji
    GreenCloud