Hotel and Hospitality Management Software Market in Malaysia 2018-2022
About Hotel and Hospitality Management Software Market in Malaysia
Hotel and hospitality management software solutions are used to aid in hotel, spa, restaurant, and other hotel-based recreational operations. This software mainly assists with ordering, billing, inventory management, queue management, guest response management, and property management.
Technavio’s analysts forecast the Hotel and Hospitality Management Software Market in Malaysia to grow at a CAGR of 10.16% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the hotel and hospitality management software market in Malaysia. To calculate the market size, the report considers the revenue generated from hotel and hospitality management software in Malaysia.
The market is divided into the following segments based on deployment:
Technavio Announces the Publication of its Research Report - Hotel and Hospitality Management Software Market in Malaysia 2018-2022
Technavio recognizes the following companies as the key players in the hotel and hospitality management software market in Malaysia: Cisco Systems, IBM, Oracle, Sabre, SAP, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the rise in cloud integration. The demand for cloud-based integration of hotel and hospitality management systems is increasing among the hotels in Malaysia.”
According to the report, one driver influencing this market is the rising demand for mobility. Over the past few years, millions of dollars have been invested in upgrading hotels with tablets and mobile devices, assuming guests would prefer a digital check-in experience.
Further, the report states that one challenge affecting this market is the threat from open-source software. The emergence of open-source software is posing a threat to the growth of the branded vendors in the hotel and hospitality management software market in Malaysia.
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