The global capsule hotel market reached a value of US$ 78.41 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 274.18 Million by 2027 exhibiting a CAGR of 12.20% during 2022-2027.
Global Capsule Hotel Market Overview (2022-2027)
- Market Size Value in 2022: US$ 274.18 Million
- Growth Rate: CAGR of 12.20% from 2022 to 2027
- Market Outlook: 2022-2027
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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Base Year: 2021
Forecast Year: 2022-2027
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 2022-2027 Analysis and Segmentation:
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.
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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:
Breakup by Booking Mode:
- Online Booking
- Offline Booking
Breakup by Age Group:
- Generation X
- Generation Y
- Generation Z
Breakup by Application:
- Office Workers
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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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- 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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