Open Source ERP Solutions For The Hospitality Industry

The hospitality industry is a vast and expansive sector that caters to the varying needs of customers in different segments like lodging, dining, tourism, and recreation. It is one of the fastest growing industries worldwide that thrives on enhancing user experiences and delivering exceptional services to customers. According to Research Reports World, the global hospitality industry was valued at 440 billion USD in 2022 while it is expected to grow at a CAGR of 10.43% during the forecast period, reaching over $800 billion in 2028.

All businesses operating in the hospitality sector are well apprised of the benefits that ERP solutions have to offer. As a matter of fact, a majority of companies already have fully-integrated ERP systems in place to efficiently manage a host of business activities and deliver improved customer service. Nevertheless, despite the benefits, many small-scale businesses in the hospitality industry refrain from investing in ERP systems mainly due to financial constraints. That said, open source ERP could be an ideal way for such businesses to get off the ground and leverage affordable ERP solutions to boost their productivity and profitability.