The Asia Pacific Capsule Hotel Market is projected to witness market growth of 7.9% CAGR during the forecast period (2024-2031).
The Japan market dominated the Asia Pacific Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $53.34 millions by 2031. The China market is showcasing a CAGR of 7.5% during (2024 - 2031). Additionally, The India market would register a CAGR of 9.5% during (2024 - 2031).
Business travelers often choose capsule hotels for convenience and efficiency, especially during short business trips or one-night stays. Capsule hotels provide essential amenities such as Wi-Fi, workspace, and comfortable sleeping quarters, which are ideal for travelers focused on work commitments.
Additionally, capsule hotels appeal to tourists and backpackers seeking affordable and centrally located accommodations while exploring new destinations. They offer a unique cultural experience and the opportunity to meet other travelers in shared communal spaces.
India’s hospitality industry is shifting towards innovative and unique accommodation concepts. With their minimalist yet functional design, Capsule hotels cater to the changing preferences of millennial travelers who value experience over luxury. According to the National Investment Promotion & Facilitation Agency, India's tourism and hospitality sector is expected to generate more than $59 billion by 2028. Foreign Tourist Arrivals (FTAs) are also forecasted to reach 30.5 million by 2028.
The Japan market dominated the Asia Pacific Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $53.34 millions by 2031. The China market is showcasing a CAGR of 7.5% during (2024 - 2031). Additionally, The India market would register a CAGR of 9.5% during (2024 - 2031).
Business travelers often choose capsule hotels for convenience and efficiency, especially during short business trips or one-night stays. Capsule hotels provide essential amenities such as Wi-Fi, workspace, and comfortable sleeping quarters, which are ideal for travelers focused on work commitments.
Additionally, capsule hotels appeal to tourists and backpackers seeking affordable and centrally located accommodations while exploring new destinations. They offer a unique cultural experience and the opportunity to meet other travelers in shared communal spaces.
India’s hospitality industry is shifting towards innovative and unique accommodation concepts. With their minimalist yet functional design, Capsule hotels cater to the changing preferences of millennial travelers who value experience over luxury. According to the National Investment Promotion & Facilitation Agency, India's tourism and hospitality sector is expected to generate more than $59 billion by 2028. Foreign Tourist Arrivals (FTAs) are also forecasted to reach 30.5 million by 2028.
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
Market Report Segmentation
By Booking Mode- Offline Booking
- Online Booking
- Generation Y
- Generation Z
- Generation X
- Solo
- Group
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Capsule Hotel Market by Booking Mode
Chapter 5. Asia Pacific Capsule Hotel Market by Age Group
Chapter 6. Asia Pacific Capsule Hotel Market by Traveler Type
Chapter 7. Asia Pacific Capsule Hotel Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- 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
Methodology
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