Capsule Hotel Market Report 2023 (Global Edition)

Global Capsule Hotel Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Capsule Hotel Industry growth. Capsule Hotel market has been segmented with the help of its Booking mode, Traveller , and others. Capsule Hotel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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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.

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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. Please purchase the Capsule Hotel market report 2023 Edition by contacting our team.

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.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• 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)

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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)

• CubeHotelsGroup
• De Bedstee Hotel
• inBox Capsule Hotel
• Mayu Tokyo Woman
• Nadeshiko Hotel
• Pangea Pod Hotel
• Riccarton Capsule Hotel
• St Christopher’s Inns
• The Bed KLCC
• The Capsule Hotel
• Urban Pod Pvt Ltd.
• Others
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