The hotel guest feedback and surveying software market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth can be attributed to heightened competition among hotels, the escalating significance of customer satisfaction and experience in the hospitality sector, the trend toward personalization, the increasing influence of online reviews, and the globalization of the hospitality industry.
The hotel guest feedback and surveying software market size is expected to see rapid growth in the next few years. It will grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The anticipated growth in the forecast period can be credited to the increasing integration of feedback and surveying software with hotel management systems, a surge in demand for real-time feedback solutions, the proliferation of boutique and lifestyle hotels, rising concerns regarding data security and privacy, and heightened awareness of the importance of guest satisfaction. Key trends expected in the forecast period include the adoption of Artificial Intelligence (AI) and Machine Learning (ML), the incorporation of voice and text analytics capabilities, integration with hotel management systems (HMS), and enhanced measures for data security and privacy.
The expansion of the hospitality industry is projected to drive the growth of the hotel guest feedback and surveying software market in the coming years. The hospitality industry encompasses businesses and services related to accommodation, food and beverage, entertainment, travel, and tourism. Its growth is fueled by factors such as increasing globalization, rising disposable incomes, and a growing demand for travel and leisure experiences. Hotel guest feedback and surveying software play a crucial role in enhancing the hospitality industry by providing hotels and resorts with valuable insights into guest satisfaction. This allows them to improve services, enhance guest experiences, and maintain high standards of quality and hospitality. For instance, in January 2023, according to a report by the American Hotel and Lodging Association, U.S. hotel demand increased by 11.1% in 2022 compared to 2021, with significant occupancy reaching 62.7%, a 9% increase from 2021. Consequently, the burgeoning hospitality industry is fueling the expansion of the hotel guest feedback and surveying software market.
Leading companies in the hotel guest feedback and surveying software market are prioritizing the development of technologically advanced solutions, such as real-time survey systems, to capitalize on market growth opportunities. Real-time survey systems are software platforms designed to collect immediate feedback, opinions, or data from individuals or groups. For example, in February 2023, Stay App, a Spain-based hotel technology solution provider, introduced Instant Feedback, a real-time survey solution. This solution allows hoteliers to gather feedback from guests between check-in and checkout, enabling prompt action on guest feedback to enhance their experiences before departure and prevent negative reviews from appearing on third-party websites.
In June 2023, Silver Lake Technology Management L.L.C. and Canada Pension Plan Investment Board (C.P.P. Investments) acquired Qualtrics L.L.C. for $12.5 billion. This acquisition positions Qualtrics as an independent, private company, leveraging its artificial intelligence-powered platform to help organizations worldwide deliver exceptional experiences and foster deep relationships with their customers and employees at scale. Qualtrics L.L.C. is a U.S.-based software company that provides software solutions for hotel and hospitality customer experience programs.
Major companies operating in the hotel guest feedback and surveying software market are Amadeus Hospitality Americas Inc., Medallia Inc., SurveyMonkey Inc., Shiji Group, BirdEye Inc., Mews Systems B.V., InMoment, Cendyn Corporation, Trustpilot Group Inc., TrustYou GmbH, Revinate Inc., Hotelogix Limited, Benbria Ltd, AskNicely Limited, CustomerGauge B.V., Clarabridge Inc., Flexkeeping Ltd, Olery B.V., Fellafeed Pvt, GuestRevu Pty Ltd., HelloShift Inc., Loopon AB, Mobius Vendor Partners Inc, Zonka Technologies Pvt. Ltd.
North America was the largest region in the hotel guest feedback and surveying software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hotel guest feedback and surveying software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hotel guest feedback and surveying software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hotel guest feedback and survey software are digital tools or platforms tailored to collect, manage, and analyze feedback from guests during their stay. These platforms empower hotels to glean valuable insights into guest experiences, satisfaction levels, preferences, and areas for improvement.
The primary categories of hotel guest feedback and survey software are cloud-based and on-premises. Cloud-based solutions are hosted and accessed via the internet, typically on remote servers maintained by third-party providers. This software finds application across various hotel types, including luxury, mid-range, business, resort, and boutique hotels, and is utilized by hotel owners, management companies, and chains.
The hotel guest feedback and surveying software market research report is one of a series of new reports that provides hotel guest feedback and surveying software market statistics, including hotel guest feedback and surveying software industry global market size, regional shares, competitors with a hotel guest feedback and surveying software market share, detailed hotel guest feedback and surveying software market segments, market trends and opportunities, and any further data you may need to thrive in the hotel guest feedback and surveying software industry. This hotel guest feedback and surveying software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hotel guest feedback and surveying software market includes revenues earned by entities by providing services such as licensing, customization, branding, guest relationship management (GRM), and analytics and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The hotel guest feedback and surveying software market size is expected to see rapid growth in the next few years. It will grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The anticipated growth in the forecast period can be credited to the increasing integration of feedback and surveying software with hotel management systems, a surge in demand for real-time feedback solutions, the proliferation of boutique and lifestyle hotels, rising concerns regarding data security and privacy, and heightened awareness of the importance of guest satisfaction. Key trends expected in the forecast period include the adoption of Artificial Intelligence (AI) and Machine Learning (ML), the incorporation of voice and text analytics capabilities, integration with hotel management systems (HMS), and enhanced measures for data security and privacy.
The expansion of the hospitality industry is projected to drive the growth of the hotel guest feedback and surveying software market in the coming years. The hospitality industry encompasses businesses and services related to accommodation, food and beverage, entertainment, travel, and tourism. Its growth is fueled by factors such as increasing globalization, rising disposable incomes, and a growing demand for travel and leisure experiences. Hotel guest feedback and surveying software play a crucial role in enhancing the hospitality industry by providing hotels and resorts with valuable insights into guest satisfaction. This allows them to improve services, enhance guest experiences, and maintain high standards of quality and hospitality. For instance, in January 2023, according to a report by the American Hotel and Lodging Association, U.S. hotel demand increased by 11.1% in 2022 compared to 2021, with significant occupancy reaching 62.7%, a 9% increase from 2021. Consequently, the burgeoning hospitality industry is fueling the expansion of the hotel guest feedback and surveying software market.
Leading companies in the hotel guest feedback and surveying software market are prioritizing the development of technologically advanced solutions, such as real-time survey systems, to capitalize on market growth opportunities. Real-time survey systems are software platforms designed to collect immediate feedback, opinions, or data from individuals or groups. For example, in February 2023, Stay App, a Spain-based hotel technology solution provider, introduced Instant Feedback, a real-time survey solution. This solution allows hoteliers to gather feedback from guests between check-in and checkout, enabling prompt action on guest feedback to enhance their experiences before departure and prevent negative reviews from appearing on third-party websites.
In June 2023, Silver Lake Technology Management L.L.C. and Canada Pension Plan Investment Board (C.P.P. Investments) acquired Qualtrics L.L.C. for $12.5 billion. This acquisition positions Qualtrics as an independent, private company, leveraging its artificial intelligence-powered platform to help organizations worldwide deliver exceptional experiences and foster deep relationships with their customers and employees at scale. Qualtrics L.L.C. is a U.S.-based software company that provides software solutions for hotel and hospitality customer experience programs.
Major companies operating in the hotel guest feedback and surveying software market are Amadeus Hospitality Americas Inc., Medallia Inc., SurveyMonkey Inc., Shiji Group, BirdEye Inc., Mews Systems B.V., InMoment, Cendyn Corporation, Trustpilot Group Inc., TrustYou GmbH, Revinate Inc., Hotelogix Limited, Benbria Ltd, AskNicely Limited, CustomerGauge B.V., Clarabridge Inc., Flexkeeping Ltd, Olery B.V., Fellafeed Pvt, GuestRevu Pty Ltd., HelloShift Inc., Loopon AB, Mobius Vendor Partners Inc, Zonka Technologies Pvt. Ltd.
North America was the largest region in the hotel guest feedback and surveying software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hotel guest feedback and surveying software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hotel guest feedback and surveying software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hotel guest feedback and survey software are digital tools or platforms tailored to collect, manage, and analyze feedback from guests during their stay. These platforms empower hotels to glean valuable insights into guest experiences, satisfaction levels, preferences, and areas for improvement.
The primary categories of hotel guest feedback and survey software are cloud-based and on-premises. Cloud-based solutions are hosted and accessed via the internet, typically on remote servers maintained by third-party providers. This software finds application across various hotel types, including luxury, mid-range, business, resort, and boutique hotels, and is utilized by hotel owners, management companies, and chains.
The hotel guest feedback and surveying software market research report is one of a series of new reports that provides hotel guest feedback and surveying software market statistics, including hotel guest feedback and surveying software industry global market size, regional shares, competitors with a hotel guest feedback and surveying software market share, detailed hotel guest feedback and surveying software market segments, market trends and opportunities, and any further data you may need to thrive in the hotel guest feedback and surveying software industry. This hotel guest feedback and surveying software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hotel guest feedback and surveying software market includes revenues earned by entities by providing services such as licensing, customization, branding, guest relationship management (GRM), and analytics and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hotel Guest Feedback and Surveying Software Market Characteristics3. Hotel Guest Feedback and Surveying Software Market Trends and Strategies32. Global Hotel Guest Feedback and Surveying Software Market Competitive Benchmarking33. Global Hotel Guest Feedback and Surveying Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hotel Guest Feedback and Surveying Software Market
4. Hotel Guest Feedback and Surveying Software Market - Macro Economic Scenario
5. Global Hotel Guest Feedback and Surveying Software Market Size and Growth
6. Hotel Guest Feedback and Surveying Software Market Segmentation
7. Hotel Guest Feedback and Surveying Software Market Regional and Country Analysis
8. Asia-Pacific Hotel Guest Feedback and Surveying Software Market
9. China Hotel Guest Feedback and Surveying Software Market
10. India Hotel Guest Feedback and Surveying Software Market
11. Japan Hotel Guest Feedback and Surveying Software Market
12. Australia Hotel Guest Feedback and Surveying Software Market
13. Indonesia Hotel Guest Feedback and Surveying Software Market
14. South Korea Hotel Guest Feedback and Surveying Software Market
15. Western Europe Hotel Guest Feedback and Surveying Software Market
16. UK Hotel Guest Feedback and Surveying Software Market
17. Germany Hotel Guest Feedback and Surveying Software Market
18. France Hotel Guest Feedback and Surveying Software Market
19. Italy Hotel Guest Feedback and Surveying Software Market
20. Spain Hotel Guest Feedback and Surveying Software Market
21. Eastern Europe Hotel Guest Feedback and Surveying Software Market
22. Russia Hotel Guest Feedback and Surveying Software Market
23. North America Hotel Guest Feedback and Surveying Software Market
24. USA Hotel Guest Feedback and Surveying Software Market
25. Canada Hotel Guest Feedback and Surveying Software Market
26. South America Hotel Guest Feedback and Surveying Software Market
27. Brazil Hotel Guest Feedback and Surveying Software Market
28. Middle East Hotel Guest Feedback and Surveying Software Market
29. Africa Hotel Guest Feedback and Surveying Software Market
30. Hotel Guest Feedback and Surveying Software Market Competitive Landscape and Company Profiles
31. Hotel Guest Feedback and Surveying Software Market Other Major and Innovative Companies
35. Hotel Guest Feedback and Surveying Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Hotel Guest Feedback And Surveying Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hotel guest feedback and surveying software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for hotel guest feedback and surveying software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hotel guest feedback and surveying software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Cloud Based; On-Premises2) By Application: Luxury And High-End Hotels; Mid-Range Hotels And Business Hotels; Resorts Hotels; Boutique Hotels; Other Applications
3) By End-User: Hotel Owners; Hotel Management Companies; Hotel Chains
Key Companies Mentioned: Amadeus Hospitality Americas Inc.; Medallia Inc.; SurveyMonkey Inc.; Shiji Group; BirdEye Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Amadeus Hospitality Americas Inc.
- Medallia Inc.
- SurveyMonkey Inc.
- Shiji Group
- BirdEye Inc.
- Mews Systems B.V.
- InMoment
- Cendyn Corporation
- Trustpilot Group Inc.
- TrustYou GmbH
- Revinate Inc.
- Hotelogix Limited
- Benbria Ltd
- AskNicely Limited
- CustomerGauge B.V.
- Clarabridge Inc.
- Flexkeeping Ltd
- Olery B.V.
- Fellafeed Pvt
- GuestRevu Pty Ltd.
- HelloShift Inc.
- Loopon AB
- Mobius Vendor Partners Inc
- Zonka Technologies Pvt. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.69 Billion |
Forecasted Market Value ( USD | $ 2.96 Billion |
Compound Annual Growth Rate | 14.9% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |