MICE, Travel & Hospitality Indirect · Indirect
Monitoring · monthlyProcurement Category Intelligence
Hotel Group Booking Services
Overview
Market size
$25.4B
global, USD
CAGR
6.8%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
8
tracked players
Signals
12
monitored
Market outlook
2031$35.3B
What changed
Demand by region
North America demand40%
Europe demand25%
Asia Pacific demand20%
Latin America demand8%
Middle East & Africa demand7%
share of global demandtotal 100%
Cost drivers
Cloud hosting and infrastructure35%
Software engineering and product development30%
Sales and customer success operations20%
Data security and compliance integration15%
share of delivered cost (analyst estimate)