North America Capsule Hotel Market Size, Share & Trends Analysis Report By Booking Mode (Offline Booking and Online Booking), By Age Group (Generation Y, Generation Z, and Generation X), By Traveler Type, By Country and Growth Forecast, 2024 - 2031
North America Capsule Hotel Market Size, Share & Trends Analysis Report By Booking Mode (Offline Booking and Online Booking), By Age Group (Generation Y, Generation Z, and Generation X), By Traveler Type, By Country and Growth Forecast, 2024 - 2031
The North America Capsule Hotel Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Capsule Hotel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $54,733.1 Thousands by 2031. The Canada market is experiencing a CAGR of 9.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2024 - 2031).
A capsule hotel is an accommodation characterized by compact, pod-like sleeping quarters designed to provide affordable and efficient lodging for travellers. Emerging from Japan in the late 1970s, capsule hotels were initially designed to provide affordable overnight accommodations for business travellers and solo tourists.
Moreover, capsule hotels, with their unique design and compact accommodations, find diverse applications across several hospitality and travel industry segments. Capsule hotels are particularly popular in densely populated urban centers with limited space, and traditional hotels may be expensive or fully booked.
Expanding travel arrangements and reservation services in Canada can significantly impact the market, enhancing accessibility and visibility for this unique lodging concept. According to Statistics Canada, the travel arrangement and reservation services industry group saw a significant surge in operating revenue, soaring by 182.2% to reach $9.7 billion in 2022. Tour operators experienced the largest increase in their sectors, with operating revenue rising sharply by 475.2% to $5.4 billion.
Based on Booking Mode, the market is segmented into Offline Booking and Online Booking. Based on Age Group, the market is segmented into Generation Y, Generation Z, and Generation X. Based on Traveler Type, the market is segmented into Solo and Group. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
The Bed KLCC
PANGEA POD HOTEL
Riccarton Capsule Hotel
De Bedstee Capsules Hotel B.V.
nine hours Inc.
Book & Bed Tokyo (Atelier Book and Bed Co., Ltd.)
NADESHIKO HOTEL
The Capsule Hotel
North America Capsule Hotel Market Report Segmentation
By Booking Mode
Offline Booking
Online Booking
By Age Group
Generation Y
Generation Z
Generation X
By Traveler Type
Solo
Group
By Country
US
Canada
Mexico
Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Capsule Hotel Market, by Booking Mode
1.4.2 North America Capsule Hotel Market, by Age Group
1.4.3 North America Capsule Hotel Market, by Traveler Type
1.4.4 North America Capsule Hotel Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Capsule Hotel Market by Booking Mode
4.1 North America Offline Booking Market by Region
4.2 North America Online Booking Market by Region
Chapter 5. North America Capsule Hotel Market by Age Group
5.1 North America Generation Y Market by Country
5.2 North America Generation Z Market by Country
5.3 North America Generation X Market by Country
Chapter 6. North America Capsule Hotel Market by Traveler Type
6.1 North America Solo Market by Country
6.2 North America Group Market by Country
Chapter 7. North America Capsule Hotel Market by Country
7.1 US Capsule Hotel Market
7.1.1 US Capsule Hotel Market by Booking Mode
7.1.2 US Capsule Hotel Market by Age Group
7.1.3 US Capsule Hotel Market by Traveler Type
7.2 Canada Capsule Hotel Market
7.2.1 Canada Capsule Hotel Market by Booking Mode
7.2.2 Canada Capsule Hotel Market by Age Group
7.2.3 Canada Capsule Hotel Market by Traveler Type
7.3 Mexico Capsule Hotel Market
7.3.1 Mexico Capsule Hotel Market by Booking Mode
7.3.2 Mexico Capsule Hotel Market by Age Group
7.3.3 Mexico Capsule Hotel Market by Traveler Type
7.4 Rest of North America Capsule Hotel Market
7.4.1 Rest of North America Capsule Hotel Market by Booking Mode
7.4.2 Rest of North America Capsule Hotel Market by Age Group
7.4.3 Rest of North America Capsule Hotel Market by Traveler Type
Chapter 8. Company Profiles
8.1 The Bed KLCC
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 PANGEA POD HOTEL
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Riccarton Capsule Hotel
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 De Bedstee Capsules Hotel B.V.
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Nine Hours Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Book & Bed Tokyo (Atelier Book and Bed Co., Ltd.)