Marketing
The Global Hotel Management Software market size was valued at USD 7.35 Billion in 2019 and is anticipated to grow at a CAGR of 25.9% during the forecast period. Hotel management software can be defined as software that aid in the overall streamlining of the overall hotel operations. They can be deployed in a variety of institutions such 3-star, 4-star, 5- star and even other economy hotels as well. NEW YORK, Sept. 27, 2021 /PRNewswire/ -- The "hotel and hospitality management software market segmented by Deployment (Cloud-based and On-premise) and Geography (Europe, APAC, North America, MEA, and South America) - Forecast and Analysis 2021-2025" has been added to Technavio's offering. The hotel and hospitality management software market size is expected to reach a increase value of USD 994.71 million during 2021-2025. Because of COVID-19, its growth rate did not meet expectations. The market's growth momentum only accelerate at a CAGR of 6.22%
