The global hotel operating system market is estimated to grow at a CAGR of around 8% during the forecast period. A hotel operating system is defined as a platform that enables a hotel or a group of hotels to manage front-desk capabilities, such as booking reservations, guest check-in/check-out, room assignment, managing room rates, and billing.
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The rapidly growing hospitality industry is changing the global hotel operating system market scenario.
Growing disposable income and increasing spending on traveling and accommodation is driving the
growth of the hotel operating system industry. According to Condor Ferries, Ltd. an operator of passenger
and freight ferry services, there are over 700,000 hotels and resorts across the globe generating billion-
dollar across the globe. Further, the growing hotel chain is also driving the demand for a hotel operating
system. For instance, the leading group is the Wyndham Hotel Group, which has more than 9157
properties across the globe. Increasing the hotel chain creates demand for proper management of assets
and operations which creates enormous opportunities for the market.
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Dubai, the US, China, and France, is among the top visiting destination among tourists. These locations
have a large number of hotels and resorts. For instance, there are 150,000 rooms in Las Vegas and the
oldest hotel is the Golden Gate which opened in 1906. Further, in Dubai, there were around 65 new hotels
opened in 2018. At the end of June 2019, Dubai had 714 hotels with 118,345 rooms, and these numbers
are expected to increase every year by significant growth. Thus, a growing number of hotels and growing
employment in the hotel industry are contributing to the global hotel operating system market.
Small hotel to 7 Star hotel, all utilize hotel ope