Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5064
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Market Overview:

The global capsule hotel market size reached US$ 97.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.9 Million by 2028, exhibiting a growth rate (CAGR) of 10.2% during 2023-2028.

A capsule hotel, or pod hotel, refers to a compact accommodation facility equipped with basic amenities. These capsules are integrated within hotels and are arranged in rows and furnished with a locker facility, alarm clock, common washrooms, charging sockets and single or double beds. The bookings for capsule hotels are usually made through online and offline booking modes. The capsules are manufactured using metal, wood and rigid materials, such as plastic and fiberglass. Capsule hotels provide enhanced comfort, privacy, safety and convenience to the travelers. In comparison to business hotels, capsule hotels are more cost-efficient and offer spacious common areas, baths and theatre rooms.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Capsule Hotel Market Trends:

Significant growth in the travel and tourism industry across the globe is creating a positive outlook for the market. There is an increasing consumer preference for hygiene, comfort, cost-effective and budget-friendly accommodation while traveling, which is driving the market toward growth. Additionally, the widespread product adoption among millennials and solo travelers for adventure, travel expeditions and exploring the culture of destinations is favoring the market growth. Various technological advancements, such as the integration of smartphone applications to access personal capsules and smart pods, are providing a thrust to the market growth. These technologies also offer soundless alarm systems that gradually raise sleeping guests into seated positions while brightening the ambient lights. In line with this, the utilization of artificial intelligence (AI) in capsule hotels to monitor health and predict the food preferences of the guests is positively impacting the market growth. Other factors, including rising expenditure capacities of the consumers, along with the implementation of various government initiatives for promoting travel and tourism, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global capsule hotel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on traveler type, booking mode, age group and application.

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:

 

 
 

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  • Office Workers
  • Tourists
  • Others
     

Breakup by Region:

 

 
 

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  • 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:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Urban Pod Pvt Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
  Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Traveler Type, Booking Mode, Application, Age Group, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Urban Pod Pvt Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Capsule Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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