From Nasdaq: 2024-04-10 10:22:00

Oracle’s OPERA Cloud Property Management System (PMS) selected by Pro-invest Group to enhance operations. Pro-invest consolidating various PMS systems into one for efficient data management. Vision to transition majority of managed hotels to OPERA Cloud by 2025. Expected revenue growth of 24.3% in fiscal 2024 for Oracle. Shares up 16.9% YTD.

Global property management software market valued at $4.47 billion in 2022, set to grow at 8.1% annually. Oracle faces competition from SAP, Amazon, and Alphabet in the PMS sector. Cloud computing adoption in hospitality sector beneficial for service providers and customers. Oracle offers comprehensive suite of technology solutions tailored for various hotel types.

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Read more at Nasdaq: Oracle (ORCL) Cloud to Enhance Pro-invest Group’s Operations