In accordance with this study, the Global Capsule Hotel Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2019 with a CAGR of XX% during the period of 2022-2028.
A capsule hotel is one of the most unique and compact hotel which features extremely small sized room located side-by-side. It is intended to give people just enough space to feel comfortable and get a good night rest who cannot afford services offered by other conventional hotels. They are also known as pod hotels and this concept has been originated from Japan in 1979. They are an ideal choice for the people who are expected to avail basic overnight accommodation and always keep on traveling such as businessmen or young adults. The capsule hotel is not only cheap but also have television, the air-conditioning system, as well as free Wi-Fi access and shades or capsule door, can be closed to make the capsule more private.
Currently, the capsule hotel is becoming very popular among people outside Japan as it takes up small spaces and offers comfort at a reasonable price to the guest who does not want to avail high value-added services. This facility also provides individuals locker system with a lock so that visitors can keep their luggage and valuable goods inside it. Many capsule hotels have a common large common bath where people can enjoy the sauna and relax without wasting extra money.
The industry is gaining traction outside the Japan as well owing to the rising demand for the hotel available in cheaper rate. Also, growing travel and tourism across the globe is further anticipated to generate more demand for the capsule hotel. Further, they are also gaining momentum especially in Asian countries owing to the rising number of travelers and an increase in the growth of hotels in the region.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of Capsule Hotel.
The study offers a decisive view of the global Capsule Hotel market by segmenting it terms of application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Office Workers
This section covers Capsule Hotel market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Capsule Hotel market along with the individual application segment across all the prominent region.
Global Capsule Hotel Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Capsule Hotel market are The Prime Pod Ginza Tokyo, Shinjuku Kuyakusho-mae Capsule Hotel, ENAKA Asakusa Central Hostel, Nihonbashi Muormachi Bay Hotel, Tokyo Ginza Bay Hotel, Oak Hostel Fuji, Nadeshiko Hotel Shibuya, Capsule Value Kanda, Nine Hours Shinjuku-North, Tokyo Ariake Bay Hotel, Capsule Inn Kamata, Vintage Inn and Wink Hotel. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.