Capsule Hotel Market 2024-2028: Size and Negative impacts of pandemic; growth driven by the Mode Of Booking, Some of key Companies Positioned Strategically

The capsule hotel market size by Mode Of Booking (Offline booking and Online booking) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 50.3 million. The market is expected to grow at a CAGR of   10.03% between 2024 and 2028.

• The COVID-19 pandemic significantly impacted the global capsule hotel market from 2020 to 2022, resulting in a decline due to various government-imposed restrictions and nationwide lockdowns. International travel bans led to a decrease in both domestic and outbound tourism, as evidenced by Eurostat data indicating a 93% drop in European domestic tourism and a 67% reduction in outbound tourism in 2020 compared to the previous year. These figures underscore the profound effect of the pandemic on the capsule hotel industry.
• The Asia-Pacific (APAC) region dominates the global capsule hotel market, accounting for the largest share, and is projected to experience the fastest growth rate during the forecast period. This expansion is primarily driven by the rising disposable income of the region's middle-class population, which is expected to reach over 75% of the global growth by 2030. Millennials in APAC, particularly in countries like India and China, are increasingly prioritizing travel activities as a part of their lifestyle. The affordability of capsule hotels caters to their budgetary requirements, making it an attractive option for this demographic. The presence of major capsule hotel vendors in the region, such as Japan, further bolsters market growth.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Book and Bed Tokyo
• Container Hotel Group
• De Bedstee Capsules Hotel B.V.
• Dream Lodge
• First Cabin HD Co. Ltd.
• Hostels Hub Point S.L.
• Inbox Capsule Hotel
• Koyasan guesthouse Kokuu
• Nadeshiko Hotel
• Nonze Hostel
• Pangea Pod Hotel
• RB Hospitality Pte Ltd.
• Riccarton Capsule Hotel
• TAKE Hostel Conil
• The Bed KLCC
• The Capsule Hotel
• The Pod Sydney
• Time Capsule Retreat
• Tubohotel
• Urban Pod Pvt. Ltd.

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Technavio Research
Jesse Maida
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Email: media@technavio.com
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