A hotel booking engine is a piece of software or a program that allows you to make secure online reservations. A hotel booking engine's main aim is to allow reservations to be made either through the hotel's website or through third-party websites. With an easy and quick booking setup, a hotel booking engine helps users save time. To attract international travelers, the hotel booking engine replaces the manual or traditional entry system with immediate integration and multi-language and currency possibilities.
MARKET DYNAMICS
Hotel management operations are heavily influenced by technological improvements. Technology is rapidly evolving, and people are gravitating toward more internet-savvy solutions. The hospitality business has seen a rise in demand for Online Travel Agents (OTAs), which provide a variety of reservation services for vacation bookings. People prefer to use hotel booking engines to find, browse, and book their vacation accommodations. Hotel booking engines are becoming more convenient as a result of internet tools that allow travelers to book their vacations and conveniently plan their vacations, saving them time and efforts..
MARKET SCOPE
The "Global Hotel Booking Engine Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The hotel booking engine market report aims to provide an overview of the hotel booking engine market with detailed market segmentation by offering, end user, and geography. The global hotel booking engine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hotel booking engine market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hotel booking engine market is segmented based on offering, end user. Based on the offering, the hotel booking engine market is segmented into solution, services. Based on end user, the hotel booking engine market is segmented into individuals, commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hotel booking engine market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hotel booking engine market by each region is later sub-segmented by respective countries and segments. The hotel booking engine market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hotel booking engine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the hotel booking engine market in these regions.
IMPACT OF COVID-19 ON HOTEL BOOKING ENGINE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a negative impact on the hotel booking engine market. Many companies operating in the hospitality market were significantly impacted owing to the stringent government regulations across several government bodies. Tourisms and work travel were temporarily banned to combat the spread of the virus. Therefore, the demand for hotel booking engine is experienced a decline during COVID-19 and is also set to increase during the forecast period thereby, impacting the market negatively.
MARKET PLAYERS
The reports cover key developments in the hotel booking engine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from hotel booking engine market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the hotel booking engine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hotel booking engine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- World Hotel Marketing
- STAAH Limited.
- eZee Reservation
- AxisRooms Travel Distribution Pvt. Ltd.
- Hotelogix
- SiteMinder
- Sirvoy Ltd
- Pegasus
- WebRezPro
- Cloudbeds