[100 Pages] In 2016, the Global Capsule Hotel Market Size was valued at US$ 157 million will exhibit USD XX. XX Billion up to 2025 in coming years. The average growth of global market is excepted to 6.01% CAGR from 2016-2025.

Global Capsule Hotel Market Definition

Capsule hotels are designed specifically to offer inexpensive and budget-friendly accomodation to travellers or customers that do not need high maintenance, value-added hotels that charge hefty amount. Capsule hotels are box-like hotels and were first introduced in 1979, in Japan.

Global Capsule Hotel Market Dynamics

Global capsule hotel market was valued around US$ 157 million in 2016, and is anticipated to grow at a CAGR of 6.01% over the forecast period. Rising tourism industry across major countries of Europe, Asia, Middle East, North America and Africa, coupled with escalating demand of economic and affordable hotels due to rising cost of luxury hotels rooms and accomodation are anticipated to boost the growth of capsule hotels over the forecast period. Amenities present in capsule hotels, such as television, Wi-Fi, and other electronic components can attract tourists looking for overnight accomodation at lower prices. However, restrictions on smoking and eating within some capsule hotel rooms and rising number of eco-friendly budgetary hotels can hinder the growth of capsule hotel market.

Global Capsule Hotel Market Share Analysis By Region (2017-2025)

Global Capsule Hotel: Segment Analysis 

Tourist segment is expected to rise prominently during the forecast period, due to rise in development of travel and tourism sector across the globe. According to World Tourism Organization (UNWTO), in 2017, international tourism witnessed significant growth and generated revenue of around US$ 1,322 million.

Single bed segment is anticipated to grow significantly in the forthcoming years, due to rising number of solo travellers, coupled with lower prices of single bed accomodation in capsule hotels. Double bed segment is also expected to rise continuously due to higher comfort associated with huge beds.

Vertical shaped capsule hotels are expected to grow at a higher pace during the forecast period due to less space occupied by them. Vertical capsule hotels can be asserted with more number of wall-attached boxes that can be utilized by guests to accommodate their crucial stuff.

Global Capsule Hotel: Regional Analysis

Asia Pacific is expected to dominate the capsule hotel market over the forecast period owing to higher number of capsule hotels in prominent countries of Asia such as Japan, Australia and Singapore. Japan being the introducer of the concept of capsule hotels has major contribution in the growth of capsule hotels. Rising medical tourism in Asian countries such as Thailand and India is also one of the major factors that can aid the growth of capsule hotel market in the region.

 Rising tourism sector in European countries such as France, Italy, Germany and others are expected to generate the demand for budget-friendly accomodation options for tourists, which in turn will fuel the growth of capsule hotel market in Europe.

Capsule hotel in North America is projected to grow rapidly over the forecast period,  due to rising governmental investment in travel and tourism, coupled with rising number of travellers that opt to stay in budget-friendly and eco-friendly hotels.

Key players operating in Capsule Hotel market

Major players operating in global Capsule hotel market are Oak Hostel Fuji, Nine Hours Shinjuku-North, The Prime Pod Ginza Tokyo, Capsule Value Kanda, Capsule Inn Kamata, Wink Hotel, Vintage Inn, ENAKA Asakusa Central Hostel, and Tokyo Ariake Bay Hotel.

Scope of the Report

This report categorizes the global Capsule Hotel Market based on type, form, application, end-user, product and region.

On the basis of Product and Shape, the Capsule Hotel Market has been segmented as follows:
• Tourists
• Office Workers
• Others
On the basis of Product and Shape, the Capsule Hotel Market has been segmented as follows:
• Horizontal
• Vertical
• Others
On the basis of Material, the Capsule Hotel Market has been segmented as follows:
• Wooden
• Metallic
• Others
On the basis of Region, the Capsule Hotel Market has been segmented as follows:
• APAC
• North America
• Europe
• South America
• Middle East & Africa