Market Analysis and Insights: Global Hotel Revenue Management Systems (RMS) Market
Hotel revenue management systems (RMS), also known as yield management systems, use data analytics to help hoteliers maximize revenue and profitability. These solutions draw upon historical data and market data, as well as demand signals, to identify the best room rate for each respective channel listing and maintain real-time rate optimization. This automates an extremely time-consuming manual process and allows hoteliers to focus on other operational tasks. A hotel RMS helps hoteliers make intelligent pricing decisions and visualize complex data in a digestible format, improving revenue per available room (RevPAR) and budget forecasting. Some products also allow pricing to be compared against competitors for further insights. Strong reporting features enable data to be exported and shared with ease.
The global Hotel Revenue Management Systems (RMS) market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Cloud Based accounting for % of the Hotel Revenue Management Systems (RMS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Multinational hotel chain segment is altered to an % CAGR throughout this forecast period.
China Hotel Revenue Management Systems (RMS) market size is valued at US$ million in 2021, while the North America and Europe Hotel Revenue Management Systems (RMS) are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Hotel Revenue Management Systems (RMS) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Hotel Revenue Management Systems (RMS) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Hotel Revenue Management Systems (RMS) market in terms of revenue.
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Global Hotel Revenue Management Systems (RMS) Scope and Market Size
Hotel Revenue Management Systems (RMS) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Hotel Revenue Management Systems (RMS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Cloud Based
On Premises
Segment by Application
Multinational hotel chain
Non-multinational hotel chain
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
AxisRooms Travel Distribution
Climber
Cloudbeds
Integrated Decisions and Systems
Quibble
Aiosell
Allotz Automation Innovation
Atomize
Autoclerk
Avon Data Systems
Jonas Chorum
Duetto
eZee Technosys
Infor
Nimble Property
Hotel Price Reporter
Hotel Scienz
Ncs Net Computer
Seekom
innRoad
Life House
Lybra
Mews Systems
Infodata Systems
OTA Insight
Pace Revenue
Pure ITES
Cendyn
Revnomix Solutions
RoomPriceGenie