Hotel Revenue Management Systems RMS Market Insights Video
According to Cognitive Market Research, the global Hotel Revenue Management Systems market size was USD 16852.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 6741.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5055.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3876.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 842.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 337.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
The Cloud-based Deployment Type is the fastest growing segment of the Hotel Revenue Management Systems industry
