Capsule Hotel Market Report 2024 (Global Edition)

Global Capsule Hotel Market Report 2024 Market Size Split by Booking mode (Online Booking, Offline Booking), by Traveler Type (Solo, Group), by Bed (Single, Double), by Shape (Vertical, Horizontal), b...

Capsule Hotel Market Report Description

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Capsule Hotel Market Insights Video

News:

In July 2021, Urbanpod an Indian Railways introduced new stay concept for travellers coming to Mumbai. The department has also shared a glimpse of the new pod rooms that were inaugurated at Mumbai railway station. The pod concept retiring rooms provide world-class comfort to travellers at affordable rates.

Top Companies Market Share in Capsule Hotel Industry: (In no particular order of Rank)

• Qbic Hotels (Netherlands)
• Sleep'N Atocha (Spain)
• The Pod Hotels (U.S.)
• 9h Hotel (Japan)
• Airportels (Thailand)
• Bed One Block Hostels (Singapore)
• Zostel (India)
• Time Capsule Hotel (Vietnam)
• Nordic C Hotel (Sweden)
• CityHub (Netherlands)
• Nine Hours (Japan)
• First Cabin (Japan)
• The Prime Pod Ginza Tokyo (Japan)
• The Millennials (Japan)
• Stay Capsule Hotel (Malaysia)
• Space Inn (Taiwan)
• Yotel (U.K.)
• Sleepbox (Russia)
• Ari Capsule Hotel (South Korea)
• Pod Inn (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Geographically, the market is divided into regions including North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific has acquired a major market share in the capsule hotel market owing to the increasing number of tourists in Asian countries coupled with consumers’ inclination towards affordable stay options. Southeast Asia is expected to take the leading position in capsule hotel adoption with its growth projected to hit higher revenues by the end of 2022 since the region accounts for the second-largest share of tourists in the world.
Europe is growing at a high CAGR in the capsule hotel market during the forecast period. It is attributed to the growing trend towards a minimalistic lifestyle. Minimalism is an increasingly popular lifestyle movement in western economies including Europe, where European people live a comfortable lifestyle at affordable rates.

The current report Scope analyzes Capsule Hotel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Capsule Hotel Market Analysis

Based on the booking mode, the market is segmented into offline mode and online mode. Offline mode has acquired a major revenue share in terms of booking mode. Most solo travellers prefer the offline booking mode option as a primary choice, as it is easily available.Additionally, the online booking mode will exhibit the highest growth rate over the forecast period. Hotel companies increasingly deliver digital booking mediums to ensure the experience offered to prospective guests is consistent, streamlined, and enticing. Currently, mobile bookings increased to more than 24%, almost one-quarter of all hotel bookings. In 2020, mobile bookings represented over 27% of total bookings for hotels.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Capsule Hotel Industry. Request a Free Sample PDF!

Based on the traveller, the market is segmented into solo and group. The solo traveller segment is dominating in terms of travellers owing to the rising demand for solo backpacking traveling since it is an affordable option. These hotels are an ideal choice for solo travellers and a cost-saving alternative to a conventional hotel room. Moreover, in capsule hotels, solo travellers are guaranteed showering facilities, baggage space, and toiletries with functional sleeping areas.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Capsule Hotel Bed Segment Analysis

• Single
• Double

Capsule Hotel Shape Segment Analysis

• Vertical
• Horizontal

Capsule Hotel Material Segment Analysis

• Wooden
• Metallic
• Others

Capsule Hotel Age Group Segment Analysis

• Generation X
• Generation Y
• Generation Z

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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