Project Report For Hotel Room Booking System
Introduction
Hotel room booking system project report is as follows.
The hostel booking system enables customers to secure a bed in a hostel or rent out rural apartments online. Customers who wish to reserve a room in advance must complete a particular form on the hotel website, and all of the information is then entered into a system for managing hostel reservations. When a guest checks into a hostel or at the time of booking, payment can be made.Â
A customer can do so quickly and easily by using a credit card and hostel booking software. The client’s electronic check serves as proof that the service has been paid for. They have various advantages over the reservation services they can acquire on arrival thanks to a hostel seat booking system that is now taken for granted by the majority of customers.
The software/system used to reserve hostel rooms enables users to complete the activity quickly. You will receive a confirmation from the hostel booking platform as soon as you submit the completed form on the hostel website. The client receives an electronic check if the services are paid for.Â
The services offered by a hostel or B&B are also included in the system of hostel accommodations. A customer may cancel a reservation using the hostel reservation software if their plans have changed. The dates for the time when it is possible to cancel a reservation without being charged a fee can be found on a hostel’s website.
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The hospitality industry is rapidly evolving as a result of the rise of entrepreneurs and their original, inventive ideas for hotel rooms. Some conventional hotels in India have managed to hold onto their part of the market despite severe competition from OYO and Airbnb, which provide unique housing.Â
Among the several hotel chains in India, The Indian Hotels Firm, a branch of the conglomerate Tata Group, was the most successful hotel company in 2019 based on net sales. Some of the well-known hotel brands owned by this corporation are Taj, Ginger, and Vivanta.
Market Potential Of Hotel Room Booking System
The travel and tourism sector includes the hotel sector in India. As a result of the rapidly expanding IT industry and the rise of several multinational corporations, business travellers are increasingly becoming more common.
Average room rate (ARR) and revenue per available room are the key performance indicators (KPIs) that the industry uses to monitor business growth and manage hotels (RevPAR). The ARR was 5,458.68 INR in FY 2020 compared to 5,671.00 INR in FY 2017.Â
It is anticipated to increase at a compound annual growth rate (CAGR) of 2.49% between FY 2021 and FY 2025, reaching INR 6,292.85 by FY 2025. The RevPAR was INR 1,951.34 in FY 2020 and is predicted to increase to INR 3,336.28 in FY 2025.Â
Given that India will be the host nation of the ICC Men’s World Cup in 2023, it is anticipated that the hotel sector would grow at a promising rate. It was predicted that this event would increase the number of foreign visitors to the nation.
The hotel sector can be divided into independent/unbranded hotels, alternative lodgings, new-age hotel chains, and branded or classic hotels depending on the type of hotel. The independent/unbranded market comprises about 70% of all hotel rooms that are currently available.Â
Alternate accommodations are included in the second-largest part. This is due to homestays becoming more and more common among travellers.Â
In FY 2025, it is anticipated that the new-age hotel chain will occupy close to 6% of all hotel rooms in India. Additionally, the organised sector’s dominant share and the branded/traditional hotel segment account for around 5% of the entire hotel industry’s room supply.
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