Global Capsule Hotel Market 2024-2028
The capsule hotel market is forecasted to grow by USD 50.3 mn during 2023-2028, accelerating at a CAGR of 10.03% during the forecast period. The report on the capsule hotel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing disposable income of travelers, various government initiatives for promoting travel and tourism, and growing need for inexpensive accommodation.
Technavio's capsule hotel market is segmented as below:
By Mode Of Booking
- Offline booking
- Online booking
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growth of global travel and tourism industry as one of the prime reasons driving the capsule hotel market growth during the next few years. Also, utilization of artificial intelligence (ai) in capsule hotels and rising solo tourism globally will lead to sizable demand in the market.
The report on the capsule hotel market covers the following areas:
- Capsule hotel market sizing
- Capsule hotel market forecast
- Capsule hotel market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading capsule hotel market vendors that include Book and Bed Tokyo, Container Hotel Group, De Bedstee Capsules Hotel B.V., Dream Lodge, First Cabin HD Co. Ltd., Hostels Hub Point S.L., Inbox Capsule Hotel, Koyasan guesthouse Kokuu, Nadeshiko Hotel, Nonze Hostel, Pangea Pod Hotel, RB Hospitality Pte Ltd., Riccarton Capsule Hotel, TAKE Hostel Conil, The Bed KLCC, The Capsule Hotel, The Pod Sydney, Time Capsule Retreat, Tubohotel, and Urban Pod Pvt. Ltd.. Also, the capsule hotel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.