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According to a new market research report published by Credence Research "Capsule Hotels Market- Growth, Future Prospects, and Competitive Landscape, 2018-2026," the capsule hotel market recorded a market value of US$ 167.07 million in 2017 and is estimated to grow with a CAGR of 6.3% over the forecast period from 2018 to 2026./By Type: Side-by-side, Separate Capsules
/By Number of Capsule: Up to 50, From 50 to 100, and Above 100
Market Insights
The concept of capsule hotel was introduced in 1979 in the city of Osaka in Japan's Kansai region and on Honshu Island. Capsule hotels were the literal symbols of practicality and efficiency in Japan. Since its inception, capsule hotels have come a long way and are gaining popularity not only in Japan and other Asia Pacific countries, but around the globe. Modern-day travelers are becoming frugal in spending on hotels and want only the basic amenities from their accommodation. Not only travelers, but even corporates prefer to board a capsule hotel compared to any other luxurious hotels in order to reduce their business travel budgets.
The complete report is available at https://www.credenceresearch.com/report/capsule-hotels-market
Growing trend of traveling on shoestring budget certainly encouraged the demand for capsule hotels. Hospitality industry is witnessing a rapid proliferation from the last few decades and the revolution is expected to proliferate even further in the coming years. The listing of capsule hotels on travel and third-party booking websites helped the capsule hotel market to grow at a considerable pace. Growth is primarily attributed to the Asia Pacific region, particularly in Japan, China, Singapore and Taiwan. However, growth is not limited to the aforementioned countries alone. A significant increase in capsule hotels is observed in European countries such as the UK and Russia. Besides, new ventures in the United States are also encouraging growth of capsule hotels market worldwide and expected to reach new highs of market value in coming years.
Competitive Insights
The research analysis covers exhaustive analysis of leading capsule hotels manufacturing companies including Shinjuku Kuyakusho-mae Capsule Hotel, Enaka Asakusa Central Hostel, Nihonbashi Muromachi BAY HOTEL, Tokyo Ginza BAY HOTEL, Oak Hostel Fuji, NADESHIKO HOTEL SHIBUYA, Capsule Value Kanda, Nine Hours Shinjuku-north, The Wink Hotel, inBox Capsule Hotel, CityHub Amsterdam, Pengheng Space Capsules Hotel, The Skylodge Adventure Suites, Capsule Hotel Rumor Plaza, and Tubotel. Capsule hotel companies and owners are revolutionizing overall hospitality industry by providing a cost-effective & flexible way in an experimental design to travelers.
These companies are mushrooming new ventures all across the globe with innovative, comfortable, and practical capsules or sleeping pods. Attracting more and more guests to this relative novice concept is one of the prime objectives for hotel companies and their efforts have started to show colors of growth in past few years. The market is highly competitive in Asia Pacific and especially in Southeast Asia. However, tremendous growth opportunities are waiting for these companies to expand their business in North America, Europe and Rest of the World. Hotel companies are sure to face stiff competition in coming years with new entrants buckling up to enter into the market.
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ToC:
1. Preface
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2. Executive Summary
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3. Global Capsule Hotels Market Analysis
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4. Global Capsule Hotels Market Value, by Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.1.1. Global Capsule Hotels Market Value Share, by Type, 2017 & 2026 (Value %)
4.1.2. Global Capsule Hotels Market Value, by Type, 2016 - 2026 (US$ Mn)
4.2. Side-by-side
4.2.1. Global Side-by-side Capsule Hotels Market, 2016 – 2026 (US$ Mn)
4.3. Separate Capsule
4.3.1. Global Separate Capsule Hotels Market, 2016 – 2026 (US$ Mn)
5. Global Capsule Hotels Market Value, by Number of Capsules, 2016 – 2026 (US$ Mn)
5.1. Overview
5.1.1. Global Capsule Hotels Market Value Share, by number of capsules, 2017 & 2026 (Value %)
5.1.2. Global Capsule Hotels Market Value, by number of capsule, 2016 - 2026 (US$ Mn)
6. North America Capsule Hotels Market Analysis, 2016 – 2026 (US$ Mn)
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7. Europe Capsule Hotels Market Analysis, 2016 – 2026 (US$ Mn)
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8. Asia Pacific Capsule Hotels Market Analysis, 2016 – 2026 (US$ Mn)
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9. Rest of World (RoW) Capsule Hotels Market Analysis, 2016 – 2026 (US$ Mn)
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10. Company Profiles
10.1. Shinjuku Kuyakusho-mae Capsule Hotel
10.2. Enaka Asakusa Central Hostel
10.3. Nihonbashi Muromachi BAY HOTEL
10.4. Tokyo Ginza BAY HOTEL
10.5. Oak Hostel Fuji
10.6. NADESHIKO HOTEL SHIBUYA
10.7. Capsule Value Kanda
10.8. Nine Hours Shinjuku-north
10.9. The Wink Hotel
10.10. inBox Capsule Hotel
10.11. CityHub Amsterdam
10.12. Pengheng Space Capsules Hotel
10.13. The Skylodge Adventure Suites
10.14. Capsule Hotel Rumor Plaza
10.15. Tubotel
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The complete report is available at https://www.credenceresearch.com/report/capsule-hotels-market
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