The Capsule Hotel Market is Predict to reach USD 359.8 Million by 2031, at a CAGR of 7.7%

Capsule Hotel Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Capsule Hotel Market size is expected to reach $359.8 billion by 2031, rising at a market growth of 7.7% CAGR during the forecast period.

The Online Booking segment is anticipating a CAGR of 8.7% during (2024 - 2031). Online booking platforms enable guests to make reservations at any time of day or night, offering convenience and flexibility in planning their travel itinerary. Travelers can book capsule accommodations from anywhere with internet access, eliminating geographical barriers and streamlining the booking process. Access to guest reviews and ratings helps prospective guests assess the quality and suitability of capsule hotels before making a reservation, enhancing transparency and trust.

The Generation Y segment is leading the Global Capsule Hotel Market by Age Group in 2023; thereby, achieving a market value of $163.9 million by 2031. Millennials, generally known for their financial prudence and value-consciousness, appreciate the affordability of capsule hotels. These accommodations typically offer lower rates, making them appeal to budget travelers seeking cost-effective lodging options without compromising quality. Growing up in the digital age, Millennials are accustomed to using technology in all aspects of life, including travel. Capsule hotels often feature tech-friendly amenities such as digital check-in systems, mobile app integration for room controls, and high-speed internet access, catering to millennials’ preference for seamless, tech-enhanced experiences.

The Group segment is registering a CAGR of 8.9% during (2024 - 2031). Capsule hotels often feature shared lounges, co-working areas, and social events that facilitate interaction among group members. Staying nearby allows group travelers to socialize, share experiences, and strengthen camaraderie. Capsule hotels offer flexible room configurations that accommodate different group sizes and preferences.

Full Report: https://www.kbvresearch.com/capsule-hotel-market/

The Asia Pacific region dominated the Global Capsule Hotel Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,169.4 million by 2031. The North America region is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Europe region would showcase a CAGR of 7.1% during (2024 - 2031).

List of Key Companies Profiled

• The Bed KLCC
• PANGEA POD HOTEL
• Riccarton Capsule Hotel
• De Bedstee Capsules Hotel B.V.
• nine hours Inc.
• Book & Bed Tokyo (Atelier Book and Bed Co., Ltd.)
• NADESHIKO HOTEL
• The Capsule Hotel

Capsule Hotel Market Report Segmentation

By Booking Mode

• Offline Booking
• Online Booking

By Age Group

• Generation Y
• Generation Z
• Generation X

By Traveler Type

• Solo
• Group

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Capsule Hotel Market Size & Forecast to 2031

• July-2024
• 84 Pages

LAMEA Capsule Hotel Market Size & Analysis Report to 2031

• July-2024
• 93 Pages

Europe Capsule Hotel Market Size | Industry Trend to 2031

• July-2024
• 94 Pages

Asia Pacific Capsule Hotel Market Size | Growth Report 2031

• July-2024
• 96 Pages