The Latin America, Middle East and Africa Capsule Hotel Market is projected to witness market growth of 8.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $5.76 millions by 2031. The Argentina market is registering a CAGR of 9.5% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8.4% during (2024 - 2031).
Capsule hotels can serve as temporary housing solutions for displaced individuals or emergency responders in emergencies, natural disasters, or unexpected travel disruptions. They provide a safe and secure environment with basic amenities during challenging circumstances.
Moreover, capsule hotels offer overflow accommodations for attendees seeking proximity to event venues during major events, festivals, and conventions. They provide a convenient alternative to traditional hotels, which may be fully booked or expensive during peak periods.
The UAE attracts diverse international visitors with unique cultural backgrounds and preferences. Capsule hotels can blend modern amenities with local cultural experiences, providing guests with a distinctive stay that reflects trends and Emirati hospitality. According to the UAE Government, in 2022, the travel and tourism industry in the UAE contributed approximately AED 167 billion to the GDP, accounting for about 9% of the total economic output. In 2022, the total spending of international tourists amounted to AED 117.6 billion.
The Brazil market dominated the LAMEA Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $5.76 millions by 2031. The Argentina market is registering a CAGR of 9.5% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8.4% during (2024 - 2031).
Capsule hotels can serve as temporary housing solutions for displaced individuals or emergency responders in emergencies, natural disasters, or unexpected travel disruptions. They provide a safe and secure environment with basic amenities during challenging circumstances.
Moreover, capsule hotels offer overflow accommodations for attendees seeking proximity to event venues during major events, festivals, and conventions. They provide a convenient alternative to traditional hotels, which may be fully booked or expensive during peak periods.
The UAE attracts diverse international visitors with unique cultural backgrounds and preferences. Capsule hotels can blend modern amenities with local cultural experiences, providing guests with a distinctive stay that reflects trends and Emirati hospitality. According to the UAE Government, in 2022, the travel and tourism industry in the UAE contributed approximately AED 167 billion to the GDP, accounting for about 9% of the total economic output. In 2022, the total spending of international tourists amounted to AED 117.6 billion.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Capsule Hotel Market by Booking Mode
Chapter 5. LAMEA Capsule Hotel Market by Age Group
Chapter 6. LAMEA Capsule Hotel Market by Traveler Type
Chapter 7. LAMEA 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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