According to the latest report by IMARC Group, titled “Global Capsule Hotel Market Share, Size, Industry Trends, Growth, Report, Opportunity and Forecast 2022-2027“, 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.
A capsule hotel, also known as a pod hotel, is a compact accommodation that is typically arranged in rows or double-stacked and furnished with basic amenities. It is usually equipped with single or double beds, common washrooms, charging sockets, Wi-Fi, locker facility, and alarm clock. It is more cost-efficient than conventional hotels and offers large baths, saunas, luxurious lounges, spacious common areas, and theatre rooms. As a result, capsule hotels have gained immense popularity among travelers due to their enhanced comfort, privacy, safety, and convenience.
Capsule Hotel Market Trends and Drivers:
The global capsule hotel market is primarily driven by the escalating consumer demand for comfortable and budget-friendly accommodation. Additionally, the growing popularity of capsule hotels among millennials and solo travelers for adventure, travel expeditions, and exploring the culture of destinations has augmented the product demand.
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Furthermore, several key players are integrating advanced technologies like artificial intelligence (AI) with capsule hotels to monitor guests’ health and predict their food preferences.
Along with this, the rising usage of smartphone applications to access personal capsules and smart pods has catalyzed the market growth. Other factors, including the expanding travel and tourism industry, increasing consumer disposable incomes, favorable government initiatives, and emerging trend of solo tourism, are also anticipated to drive the market further.
Note: 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.
Global Capsule Hotel Market 2022-2027 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.
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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
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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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