Global Capsule Hotel Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global capsule hotel market is expected to grow at a CAGR of 8.0% during the forecast period (2022-2028). A capsule hotel, also known as a pod hotel or sleeping cabin, is a unique and novel type of lodging that can be found at a reasonable price. Each traveller has their own capsule, which is essentially a bed-sized pod that can be closed with a curtain or a non-locking door. These hotel capsules are arranged in rows and come with Wi-Fi, a locker, outlets, and other amenities. In 1979, the first capsule hotel opened in Osaka. However, these hotels can currently be found in India, Singapore, the UK, and other parts of the world.

Based on traveller type, the market is segmented into solo and group. Booking mode is segmented into online and offline. Based on age group, the market is segmented into generation X, generation Y, and generation Z. Solo tourism is on the rise, and as a result, the number of people traveling solo by choice and looking for low-cost lodging has increased. As a result, the demand for capsule hotel for solo travellers has significantly increased over the years. Additionally, the majority of travellers prefer the offline mode of booking capsule hotels as it is more convenient. The online booking segment is expected to grow as a result of the novel coronavirus, as people have begun to follow social distancing norms and prefer online payment options.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Traveller Type
  • By Booking Mode
  • By Age Group
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- The Capsule Hotel, First Cabin HD Co., Ltd., and The CUBE Hotel Group, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Capsule Hotel Market Report by Segment

By Traveller Type

• Solo
• Group

By Booking Mode

• Offline Booking
• Online Booking

By Age Group

• Generation X
• Generation Y
• Generation Z