Capsule Hotel Market to Record a 9.08% YOY Growth Rate in 2022, Evolving Opportunities with Book & Bed Tokyo and Container Hotel Group – Technavio – QNT Press Release


NEW YORK, Sept. 26, 2022 /PRNewswire/ — The capsule hotel market size is expected to grow by USD 49.14 million from 2021 to 2026, at a CAGR of 9.86% as per the latest market forecast report by Technavio. Also, the market to record a 9.08% YOY growth rate in 2022. 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. 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 BV, Dream Lodge, First Cabin HD Co. Ltd., Hostels Hub Point SL, 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. To know about the vendor offerings – Request a FREE sample report

Capsule Hotel Market: Segmentation Analysis

Read the 120-page report with TOC on “Capsule Hotel Market Analysis Report by Geography (APAC, North America, Europe, South Americaand the Middle East and Africa), and Mode of booking (Offline booking and Online booking) and the Segment Forecasts,2022-2026″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/capsule-hotel-market-industry-analysis

Mode of Booking (Revenue, USD mn, 2021-2026)
  • Offline Booking – size and forecast 2021-2026
  • Online Booking – size and forecast 2021-2026
Revenue Generating Segment
  • 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 bookings. 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.
Geography Outlook (Revenue, USD mn, 2021-2026)
  • APAC – size and forecast 2021-2026
  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • The Middle East and Africa – size and forecast 2021-2026
Regional Highlights
  • 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.

To know about the market contribution of each segment – Grab a FREE Exclusive Report

Capsule Hotel Market: Major Driver

The growing disposable income of travelers is one of the key drivers propelling the capsule hotel market growth. For instance, from 2000 to 2020, the disposable per capita income in China increased by around 700%. In Japanhouseholds, on average, spend 22% of their gross-adjusted disposable income on leisure activities. The increasing disposable income improves the standard of living of people, which enables them to spend their income on travel activities.

To know about other drivers along with the market challenges – Request a FREE Sample Now!

The competitive scenario provided in the Capsule Hotel Market Report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Capsule Hotel Market Forecast Report – Buy Now!

Related Reports:
  • The meal kit market share is expected to increase by USD 11.13 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.25%.
  • The mobile food services market share from 2021 to 2026 is USD 7.24 billion at a progressing CAGR of 5.94%.

Capsule Hotel Market Scope

Report Coverage

Details

Page number

120

Base year

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center