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.
This report contains market size and forecasts of Hotel Revenue Management Systems (RMS) in Global, including the following market information:
Global Hotel Revenue Management Systems (RMS) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Hotel Revenue Management Systems (RMS) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Hotel Revenue Management Systems (RMS) include AxisRooms Travel Distribution, Climber, Cloudbeds, Integrated Decisions and Systems, Quibble, Aiosell, Allotz Automation Innovation, Atomize and Autoclerk, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hotel Revenue Management Systems (RMS) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hotel Revenue Management Systems (RMS) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Hotel Revenue Management Systems (RMS) Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On Premises
Global Hotel Revenue Management Systems (RMS) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Hotel Revenue Management Systems (RMS) Market Segment Percentages, by Application, 2021 (%)
Multinational hotel chain
Non-multinational hotel chain
Global Hotel Revenue Management Systems (RMS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Hotel Revenue Management Systems (RMS) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hotel Revenue Management Systems (RMS) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Hotel Revenue Management Systems (RMS) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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