Capsule Hotel Market Report 2023: Industry Demand, Analysis, Research, Growth Outlook To 2028

IMARC Group has recently released a new research study titled "Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", 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.

Capsule Hotel or pod hotel is a compact, unique accommodation facility usually found near major train stations in large cities for individuals looking for single-night and low-budget stays. They provide bed-sized rooms or sleeping cabins known as capsules with basic amenities such as single or double beds, charging sockets, Wi-Fi, alarm clocks, locker facilities, air conditioning units, and common washrooms. These capsules are typically arranged in rows or double stacked, found within larger hotels, and can be booked through offline or online channels. In addition, they also offer privacy, safety, comfort, and convenience. Owing to these benefits, capsule hotels are gaining immense popularity among office workers and travelers.

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Capsule Hotel Market Trends and Drivers:

The market is primarily driven by the expanding travel and tourism industry across the globe. In addition, the increasing inclination of solo travelers toward capsule hotel stays due to their benefits, such as cost-efficiency, privacy, and availability of spacious common areas, luxurious lounges, saunas, and theatre rooms, are contributing to the market growth.

Moreover, the introduction of smartphone applications to access personal capsules and smart pods and the integration of artificial intelligence (AI) to monitor health and predict the food preferences of guests represents another major growth-inducing factor. These technologies also provide soundless alarm systems that raise sleeping guests into a seated position while brightening the ambient lights across the pod.

Furthermore, the rising disposable income of consumers and the implementation of numerous government initiatives to encourage travel and tourism activities are also creating a positive market outlook.

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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.

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.

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

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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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