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The capsule hotel market share is expected to increase to USD 49.14 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.86%.
This capsule hotel market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers capsule hotel market segmentations by mode of booking (offline booking and online booking) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The capsule hotel market report also offers information on several market vendors, including Book and Bed Tokyo, Container Hotel Group, CVS Bay Area Inc., 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, and Urban Pod Pvt. Ltd. among others.
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The growing disposable income of travelers is notably driving the capsule hotel market growth, although factors such as the negative impacts of the pandemic may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the capsule hotel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Capsule Hotel Market Driver
Key Capsule Hotel Market Trend
Key Capsule Hotel Market Challenge
This capsule hotel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the capsule hotel market encompasses successful business strategies deployed by the key vendors. The capsule hotel market is fragmented and the vendors are deploying growth strategies such as better amenities, services, costs, and offering discounts to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The capsule hotel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the capsule hotel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the capsule hotel market in APAC. Market growth in this region will be slower than the growth of the market in North America and Europe.
The increase in spending by millennials on travel activities will facilitate the capsule hotel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The capsule hotel market share growth in the offline booking segment will be significant during the forecast period. Through offline booking, customers can book rooms according to their preferences. They do not have to deal with claiming refunds, which is the case with online booking. Vendors can offer their customers additional schemes, which would not be available through online booking. Discounted prices and budget-friendly options provided by vendors through the offline booking mode further drive customer footfall in their hotels. Thus, such factors in the offline booking segment will drive the capsule hotel market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the capsule hotel market size and actionable market insights on the post-COVID-19 impact on each segment.
Technavio categorizes the global capsule hotel market as a part of the global hotels, resorts, and cruise lines market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the capsule hotel market during the forecast period.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, in H2 2020, the COVID-19 cases in the region were reduced due to the availability of vaccines. The governments of China, Japan, and India lifted travel restrictions, and the domestic and outbound tourism levels returned to normal. Thus, such factors will drive the capsule hotel market growth in APAC during the forecast period.
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Capsule Hotel Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.86% |
Market growth 2022-2026 |
$ 49.14 million |
Market structure |
Fragmented |
YoY growth (%) |
9.08 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Book and Bed Tokyo, Container Hotel Group, CVS Bay Area Inc., 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, and Urban Pod Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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