Capsule Hotel Market by Product Type, Distribution Channel, End User 2023-2028

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Global Capsule Hotel Market Research Report:

The latest report by IMARC, titled “ Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028

” finds that the global capsule hotel market reached a value of US$ 97.8 Million in 2022.

Capsule hotels, also known as pod hotels, are a type of unique accommodation facility with various compact bed-sized rooms or sleeping cabins known as capsules. These capsules are generally arranged in rows or double-stacked and furnished with basic amenities to provide a comfortable stay. They are equipped with a locker facility, single or double beds, charging sockets, Wi-Fi, alarm clock, air conditioning units, and common washrooms.

Nowadays, they also offer large baths, luxurious lounges, saunas, theatre rooms, and spacious common areas. In recent years, capsule hotels have gained immense popularity among travelers as they are more cost-efficient than traditional business hotels and provide improved comfort, safety, privacy, and convenience.

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Global Capsule Hotel Market Trends:

The escalating demand for convenient and budget-friendly accommodations coupled with the rising hygiene consciousness among individuals represents the primary factor driving the market growth. Additionally, with the expanding travel and tourism industry, capsule hotels are rapidly gaining traction among solo travelers and millennials for adventure, travel expeditions, and exploring the culture of destinations. In line with this, the increasing willingness of individuals to try out new accommodation options and enjoy immersive experiences has catalyzed the demand for capsule hotels. Furthermore, the leading players are integrating artificial intelligence (AI) in capsule hotels to monitor guest health and predict their food preferences. Along with this, various technological advancements, such as the incorporation of smartphone applications to access smart pods and personal capsules, have propelled the market growth.

Besides this, the widespread adoption of soundless alarm systems that gradually raise sleeping guests into seated positions while brightening the ambient lights has positively influenced the market growth. Other factors, including the emerging trend of leisure and solo travel, increasing consumer disposable incomes, rising number of luxury capsule hotels, favorable government initiatives promoting travel and tourism, and availability of online booking options, are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 309.9 Million by 2028, growing at a CAGR of 10.2% during the forecast period (2023-2028).

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

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

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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

Competitive Landscape with Key Players:

• CubeHotelsGroup

• De Bedstee Capsules Hotel B.V.

• 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

• Urban Pod Pvt Ltd.

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