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Global Capsule Hotels Market to Witness a Pronounce Growth During 2023

Global Capsule Hotels Market to Witness a Pronounce Growth

New report published by Market Research Report Store (MRRS) which offers insights on the global Capsule Hotels market.

A capsule hotel, also known as a pod hotel, is a type of hotel developed in Japan that features a large number of extremely small "rooms" (capsules) intended to provide cheap, basic overnight accommodation for guests who do not require or who cannot afford the services offered by more conventional hotels.

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Global Capsule Hotels Market: Forecast by Type / Application / Region

Japan is the largest market with a market share of 81.13% in 2012 and 77.95% in 2016 with a decrease of 3.18%. Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing Southeast Asia regions.

The Capsule Hotels market has been increased in accordance with the development of whole economy, tourism and consumer awareness. However, with the macroeconomic is slowing down, the increase rate of Capsule Hotels is also slowing. But the emerging market is still the potential market of the industry, so some of the companies are laying-out their business in the emerging market. What more, there are some problem to be solved ahead, such as the homogenization of the fierce competition, the low price competition, the talents shortage in the process of the company’ expansion, the channel building through the internet and so on.

Over the next five years, LPI(LP Information) projects that Capsule Hotels will register a 6.2% CAGR in terms of revenue, reach US$ 210 million by 2023, from US$ 160 million in 2017.

Global Capsule Hotels Market: Key Players
The Prime Pod Ginza Tokyo
Shinjuku Kuyakusho-mae Capsule Hotel
ENAKA Asakusa Central Hostel
Nihonbashi Muormachi Bay Hotel
Tokyo Ginza Bay Hotel
Oak Hostel Fuji
Nadeshiko Hotel Shibuya
Capsule Value Kanda
Nine Hours Shinjuku-North
Tokyo Ariake Bay Hotel
Capsule Inn Kamata
Vintage Inn
Wink Hotel

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Related Information:
United States Capsule Hotels Market Research Report 2018
Europe Capsule Hotels Market Research Report 2018
North America Capsule Hotels Market Research Report 2018
Asia-Pacific Capsule Hotels Market Research Report 2018
China Capsule Hotels Market Research Report 2018
EMEA Capsule Hotels Market Research Report 2018
Global Capsule Hotels Market Research Report 2018

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