Global Capsule Hotel Market to Garner $276.2 Million by 2028: AMR

Emergence of mobile applications, ease in bookings, proliferation of the travel and tourism industry, and cost-effectiveness have boosted the growth of the global capsule hotel market. The market across Europe would manifest the highest CAGR of 14.6% during the forecast period. The Covid-19 pandemic and followed lockdown disrupted operations at airports and railway stations, which resulted in reduction in bookings of capsule hotels.


Portland, June 21, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global capsule hotel market was pegged at $202.3 million in 2019, and is projected to reach $276.2 million by 2028, growing at a CAGR of 8.2% from 2022 to 2028.

Emergence of mobile applications, ease in bookings, proliferation of the travel and tourism industry, and cost-effectiveness have boosted the growth of the global capsule hotel market. On the contrary, surge in unrest due to terrorism and local issues in several countries hamper the market growth. However, increase in the number of train stations and airports in emerging economies opens lucrative opportunities in the future.

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Download PDF Sample ReportCovid-19 Scenario:

  • The Covid-19 pandemic and followed lockdown disrupted operations at airports and railway stations, which resulted in a reduction in bookings of capsule hotels.
  • Moreover, international and local travel bans created several challenges for the travel and tourism industry.
  • However, the bookings would rise slowly post-pandemic as several governments have announced to lift-off restrictions on travel and tourism.

 The global capsule hotel market is segmented on the basis of traveler type, booking mode, age group, and region.

Based on booking mode, the online booking segment would portray the highest CAGR of 10.7% during the forecast period. However, the offline booking segment held the lion’s share in 2019, contributing to nearly 88% of the market.

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Based on traveler type, the solo segment is estimated to register the highest CAGR of 8.7% during the forecast period. However, the segment held the largest share in 2020, accounting for more than four-fifths of the market.

The global capsule hotel market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe would manifest the highest CAGR of 14.6% during the forecast period. However, the market across Asia-Pacific dominated in 2019, holding around 87% of the market.

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The global capsule hotel market includes an in-depth analysis of the prime market players such as The Capsule Hotel, First Cabin HD Co., Ltd., UZ.Hotesl, Book & Bed Tokyo, Urbanpod Hotel, The CUBE Hotel Group, Riccarton Capsule Hotel, Nadeshiko Hotel Shibuya, The Bed KLCC, and Pangea Pod Hotel.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

 

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