Market Overview:
The global capsule hotel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing number of tourists and office workers, and the growing demand for budget-friendly accommodation options. The global capsule hotel market is segmented on the basis of type into single and double capsules. The single capsule segment is expected to account for a larger share of the market in 2018 owing to its lower price point as compared to double capsules. On the basis of application, the market is segmented into office workers, tourists, and others (including students and business travelers). Office workers are expected to account for a larger share of the global capsule hotel market in 2018 due to their growing need for budget-friendly accommodation options. Geographically, North America dominates the global capsule hotel market followed by Europe and Asia Pacific respectively.
Product Definition:
A capsule hotel is a type of hotel that provides small, enclosed sleeping units or "capsules." Capsule hotels are typically used by people who are traveling alone and need a place to sleep for the night. They are also often used by people who want to save money on their hotel bill.
Single:
Single is a new concept in capsule hotel market. It's a private room with attached washroom and toilet. In some cases, it has its own bathroom as well. Single rooms are usually smaller than double rooms but have more amenities like cable TV, internet access, and sometimes kitchen facilities. The cost of single varies between USD 100 to 150 depending upon the seasonality factor (peak or low season).
Double:
Double is a service that allows two people to book the same room at a hotel. The main purpose of this service is to avoid paying double the price for rooms when traveling with another person. It also helps in saving money when booking rooms at popular travel destinations like Las Vegas, Paris, and New York City where rates are higher due to high competition between hotels.
The global capsule hotel market size was valued at USD 2 billion in 2016.
Application Insights:
The office workers application segment accounted for the largest share of over 50.0% in 2017. The increasing number of start-ups and need for office space is expected to be a key factor driving the demand from this segment over the forecast period. Furthermore, an increase in business travel owing to rise in new projects and initiatives by companies is further anticipated to augment market growth during the forecast period.
The tourists application segment was valued at USD 1,227.1 million in 2017 owing to growing tourism industry across various countries including China, India, Australia and Mexico which are contributing significantly towards overall revenue generation globally Capsule hotel market (2017). Increasing spending on leisure activities by tourists has led major hospitality companies such as Marriott International Inc., AccorHotels S.A.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing investments by prominent players in this region, rising disposable income of consumers, and growing adoption of Capsule Hotel concept across countries such as Japan and China. Moreover, increasing number of capsule hotel properties under development is anticipated to drive growth further. For instance, The Void Inc., a U.S.
North America accounted for second-largest regional segment followed by Europe owing to presence of key industry participants such as Marriott International; AccorHotels; Hyatt Hotels Corporation; InterContinental Hotels Group PLC.
Growth Factors:
- Increasing demand for capsule hotels from budget-conscious travelers due to the relatively lower price points as compared to traditional hotels.
- Capsule hotels are seen as a more efficient and space-saving option, especially in densely populated cities where real estate is at a premium.
- Growing popularity of "micro-living" and "co-living" concepts that offer shared living spaces and amenities, which can be complementary to capsule hotels.
- Rising awareness of the benefits of using capsules for short-term stays, such as improved sleep quality and reduced stress levels, which is driving demand from business travelers and other professionals working on short term assignments or projects away from home base5 Increased focus by hotel operators on design aesthetics and features that cater specifically to millennials, who are among the key target demographics for capsule hotels
Scope Of The Report
Report Attributes
Report Details
Report Title
Capsule Hotel Market Research Report
By Type
Single, Double
By Application
Office Workers, Tourists, Others
By Companies
The Prime Pod Ginza Tokyo, Shinjuku Kuyakusho-mae Capsule Hotel, ENAKA Asakusa Central Hostel, Nihonbashi Muormachi Bay Hotel, Tokyo Ginza Bay Hotel, Oak Hostel Fuji, Nadeshiko Hotel Shibuya, Capsule Value Kanda, Nine Hours Shinjuku-North, Tokyo Ariake Bay Hotel, Capsule Inn Kamata, Vintage Inn, Wink Hotel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Capsule Hotel Market Report Segments:
The global Capsule Hotel market is segmented on the basis of:
Types
Single, Double
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Office Workers, Tourists, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Prime Pod Ginza Tokyo
- Shinjuku Kuyakusho-mae Capsule Hotel
- ENAKA Asakusa Central Hostel
- Nihonbashi Muormachi Bay Hotel
- Tokyo Ginza Bay Hotel
- Oak Hostel Fuji
- Nadeshiko Hotel Shibuya
- Capsule Value Kanda
- Nine Hours Shinjuku-North
- Tokyo Ariake Bay Hotel
- Capsule Inn Kamata
- Vintage Inn
- Wink Hotel
Highlights of The Capsule Hotel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single
- Double
- By Application:
- Office Workers
- Tourists
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Capsule Hotel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Capsule Hotel is a Japanese manga and anime series written and illustrated by Tatsuya Ishida. The story follows the lives of guests who are randomly assigned to stay in a mysterious hotel that appears out of thin air.
Some of the key players operating in the capsule hotel market are The Prime Pod Ginza Tokyo, Shinjuku Kuyakusho-mae Capsule Hotel, ENAKA Asakusa Central Hostel, Nihonbashi Muormachi Bay Hotel, Tokyo Ginza Bay Hotel, Oak Hostel Fuji, Nadeshiko Hotel Shibuya, Capsule Value Kanda, Nine Hours Shinjuku-North, Tokyo Ariake Bay Hotel, Capsule Inn Kamata, Vintage Inn, Wink Hotel.
The capsule hotel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Capsule Hotel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Capsule Hotel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Capsule Hotel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Capsule Hotel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Capsule Hotel Market Size & Forecast, 2020-2028
4.5.1 Capsule Hotel Market Size and Y-o-Y Growth
4.5.2 Capsule Hotel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single
5.2.2 Double
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Office Workers
6.2.2 Tourists
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Capsule Hotel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Capsule Hotel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single
9.6.2 Double
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Office Workers
9.10.2 Tourists
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single
10.6.2 Double
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Office Workers
10.10.2 Tourists
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single
11.6.2 Double
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Office Workers
11.10.2 Tourists
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single
12.6.2 Double
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Office Workers
12.10.2 Tourists
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single
13.6.2 Double
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Office Workers
13.10.2 Tourists
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Capsule Hotel Market: Competitive Dashboard
14.2 Global Capsule Hotel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Prime Pod Ginza Tokyo
14.3.2 Shinjuku Kuyakusho-mae Capsule Hotel
14.3.3 ENAKA Asakusa Central Hostel
14.3.4 Nihonbashi Muormachi Bay Hotel
14.3.5 Tokyo Ginza Bay Hotel
14.3.6 Oak Hostel Fuji
14.3.7 Nadeshiko Hotel Shibuya
14.3.8 Capsule Value Kanda
14.3.9 Nine Hours Shinjuku-North
14.3.10 Tokyo Ariake Bay Hotel
14.3.11 Capsule Inn Kamata
14.3.12 Vintage Inn
14.3.13 Wink Hotel
