According to the latest report by IMARC Group, titled “Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global capsule hotel market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
How fast is the hotel industry growing?
The global capsule hotel market size reached US$ 97.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.9 Million by 2028, exhibiting a growth rate (CAGR) of 10.2% during 2023-2028.
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A capsule hotel, alternatively known as a pod hotel, is a compact accommodation facility equipped with all basic amenities. It typically comprises of wood, metal, and other rigid materials, including plastic and fiberglass. Capsule hotels are generally arranged in rows and are furnished with single or double beds, common washrooms, a locker facility, alarm clock, charging sockets, etc. They provide improved comfort, safety, privacy, and convenience to travelers. Capsule hotels also prove to be more cost-efficient and spacious in terms of common areas, theater rooms, baths, etc., than conventional business hotels. Consequently, they are being increasingly preferred by tourists and office workers across countries.
Capsule Hotel Market Trends and Drivers:
The growing global travel and tourism industry and the increasing consumer preference towards comfortable, hygienic, and cost-effective accommodation while traveling are among the key factors driving the capsule hotel market.
Additionally, the rising number of solo travelers across the globe for travel expeditions, adventures, and exploration of the cultures of various destinations is also positively influencing the market growth.
Furthermore, several technologies, such as soundless alarm systems and smartphone applications to access personal capsules and smart pods, are acting as significant growth-inducing factors. In line with this, the expanding integration of Artificial Intelligence (AI) to predict the food preferences and monitor the health of the guests is expected to augment the capsule hotel market over the forecasted period.
Global Capsule Hotel Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Which are the top companies in the Capsule Hotel market?
CubeHotelsGroup, De Bedstee Hotel, Hippo Pod, inBox Capsule Hotel, Mayu Tokyo Woman, Nadeshiko Hotel, Pangea Pod Hotel, Riccarton Capsule Hotel, St Christopher’s Inns, The Bed KLCC, The Capsule Hotel and Urban Pod Pvt Ltd.
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The report has segmented the market on the basis of region, traveler type, booking mode, age group and application.
Breakup by Traveler Type:
- Solo
- Group
Breakup by Booking Mode:
- Online Booking
- Offline Booking
Breakup by Age Group:
- Generation X
- Generation Y
- Generation Z
Breakup by Application:
- Office Workers
- Tourists
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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