Latin America Hotel And Hospitality Management Software Market Size & Outlook
The hotel and hospitality management software market in Latin America is expected to reach a projected revenue of US$ 425.6 million by 2030. A compound annual growth rate of 6.9% is expected of Latin America hotel and hospitality management software market from 2024 to 2030.
Revenue, 2023 (US$M)
$267.4
Forecast, 2030 (US$M)
$425.6
CAGR, 2024 - 2030
6.9%
Report Coverage
Latin America
Latin America hotel and hospitality management software market, 2018-2030 (US$M)
Related Markets
Latin America hotel and hospitality management software market highlights
- The Latin America hotel and hospitality management software market generated a revenue of USD 267.4 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, property management was the largest revenue generating type in 2023.
- Property Management is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 267.4 million |
| Market revenue in 2030 | USD 425.6 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Property management |
| Fastest growing segment | Property Management |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Property Management |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.7% of the global hotel and hospitality management software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,625.8 million by 2030.
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Hotel and Hospitality Management Software Market Scope
Hotel and hospitality management software market segmentation & scope
Customer Relationship Management (CRM)
Central Reservation
Channel Management
Event Management
Inventory Management
Point-of-Sale
Revenue Management
Others
Deployment
Cloud
On-premises
Hybrid
End Use
Hotels
Resorts
Hostels
Restaurants and Bars
Others
Hotel and Hospitality Management Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America hotel and hospitality management software market
Related industry reports
Related regional statistics
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