Global capsule hotel market to reach USD 274.18 million by 2027 growing at a CAGR of 9.20% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global capsule hotel market reached a value of US$78.41 million in 2021. Looking ahead, the analyst expects the market to reach a value of US$274.18 million from by 2027, growing at a CAGR of 9.20% in 2022-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

A capsule hotel, or pod hotel, refers to a compact accommodation facility equipped with basic amenities. These capsules are integrated into the hotels and are arranged in rows and equipped with a cloakroom, an alarm clock, shared toilets, charging sockets and single or double beds. Capsule hotel reservations are usually made through both online and offline booking modes. Capsules are made from metal, wood, and rigid materials, such as plastic and fiberglass. Capsule hotels offer increased comfort, privacy, security and convenience to travelers. Compared to business hotels, capsule hotels are more economical and offer spacious common areas, baths and movie theaters.

Capsule hotel market trends:

The significant growth in the travel and tourism industry across the globe is creating a positive outlook for the market. Consumers are increasingly preferring hygiene, comfort, budget and budget accommodation while traveling, which is pushing the market towards growth. Additionally, the widespread adoption of products among millennials and solo travelers for adventure, travel expeditions, and destination culture exploration is driving the growth of the market.

Various technological advancements such as the integration of smartphone apps to access personal capsules and smart pods are giving impetus to the growth of the market. These technologies also offer silent alarm systems that gradually raise sleeping guests to a seated position while illuminating ambient lights. In this light, the use of artificial intelligence (AI) in capsule hotels to monitor health and predict guest food preferences is having a positive impact on the market growth.

Other factors, including increasing consumer spending capabilities, as well as the implementation of various government initiatives to promote travel and tourism, are expected to drive the market towards growth.

Key Market Segmentation:

The publisher provides an analysis of key trends in each sub-segment of the global capsule hotel market, as well as forecasts at the global, regional and country levels from 2022 to 2027. The report has categorized the market based on traveler type, booking method, age group and application.

Breakdown by type of traveler:

Breakdown by booking method:

  • Online booking

  • Offline booking

Breakdown by age group:

  • Generation X

  • Generation Y

  • Generation Z

Breakdown by application:

  • office workers

  • Tourists

  • Others

Breakdown by region:

  • North America

  • United States

  • Canada

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Russia

  • Others

  • Latin America

  • Brazil

  • Mexico

  • Others

  • Middle East and Africa

Companies cited

  • CubeHotelsGroup

  • Bedstee Hotel

  • hippopotamus pod

  • inBox capsule hotel

  • Mayu Tokyo Female

  • Hotel Nadeshiko

  • Pangea Pod Hotel

  • Riccarton capsule hotel

  • Inns of St. Kitts

  • The KLCC bed

  • The capsule hotel

  • Urban Pod Pvt Ltd.

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global Capsule Hotel Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Traveler Type

6.1 Solo

6.2 Group

7 Breakdown of the market by booking method

7.1 Online booking

7.2 Offline booking

8 Market Breakdown by Age Group

8.1 Generation X

8.2 Generation Y

8.3 Generation Z

9 Market Breakdown by Application

9.1 Office workers

9.2 Tourists

9.3 Others

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/u1lgww

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