Capsule Hotels Market 2023: Future Demand, Market Analysis & Outlook To 2029

Market Overview:
The global Capsule Hotels Market was valued at USD 39.88 Million in 2021 and is expected to reach USD 182.81 Million by the year 2028, at a CAGR of 4.3%.

Capsule Hotel is a type of hotel in Japan where people stay, it is a unique and novel type of accommodation available at affordable prices Capsule Hotel is also known as a pod hotel in the western world. The capsules are arranged in rows, double-stacked. The first capsule hotel opened in Osaka, Lapan in 1977. Owing to the city's large property values and limited space, capsule hotels have become popular in Tokyo. Moreover, the presence of these hotels in different countries of the world like the US, India, Singapore, and others countries helps to boost the market growth.

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Market Dynamics:
Driver:
The development of mobile applications and effortless bookings drive market growth as customers can books rooms according to preference. The increase in the travel and tourism industry boosts market growth. Solo travelers are steadily increasing worldwide, these travelers are looking for a budget hotel with modern amenities. The capsule hotel provides free wireless internet, complimentary drinks, dining facilities, a laundry facility, a game room, an entertainment room, and other facilities. These facilities are attracting many solo travelers, and it is a major driving factor of the market expansion during the forecast period.

Opportunities:
The increase in the number of train stations and airports in developed and developing countries will create growth opportunities for the capsule hotel market. Various key players can offer their customers additional schemes, which would not be available through online booking creating the opportunity for growth in offline platforms. Moreover, after the pandemic situation, the online platform creates additional opportunities for market expansion. The increasing awareness of capsule hotels among travelers provides opportunities for growth in the upcoming years.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

Segmentation of the Capsule Hotels Market report:
By Booking Mode
• Offline Booking
• Online Booking

By Age Group
• Generation X
• Millennials
• Generation Z

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key Prominent Players In The Capsule Hotels Market
• The Prime Pod Ginza Tokyo
• Shinjuku Kuyakusho-mae Capsule Hotels
• 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 and other major players.

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