The North America Capsule Hotel Market is projected to witness market growth of 7.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $54.73 millions by 2031. The Canada market is experiencing a CAGR of 9.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2024 - 2031).
A capsule hotel is an accommodation characterized by compact, pod-like sleeping quarters designed to provide affordable and efficient lodging for travellers. Emerging from Japan in the late 1970s, capsule hotels were initially designed to provide affordable overnight accommodations for business travellers and solo tourists.
Moreover, capsule hotels, with their unique design and compact accommodations, find diverse applications across several hospitality and travel industry segments. Capsule hotels are particularly popular in densely populated urban centers with limited space, and traditional hotels may be expensive or fully booked.
Expanding travel arrangements and reservation services in Canada can significantly impact the market, enhancing accessibility and visibility for this unique lodging concept. According to Statistics Canada, the travel arrangement and reservation services industry group saw a significant surge in operating revenue, soaring by 182.2% to reach $9.7 billion in 2022. Tour operators experienced the largest increase in their sectors, with operating revenue rising sharply by 475.2% to $5.4 billion.
The US market dominated the North America Capsule Hotel Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $54.73 millions by 2031. The Canada market is experiencing a CAGR of 9.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2024 - 2031).
A capsule hotel is an accommodation characterized by compact, pod-like sleeping quarters designed to provide affordable and efficient lodging for travellers. Emerging from Japan in the late 1970s, capsule hotels were initially designed to provide affordable overnight accommodations for business travellers and solo tourists.
Moreover, capsule hotels, with their unique design and compact accommodations, find diverse applications across several hospitality and travel industry segments. Capsule hotels are particularly popular in densely populated urban centers with limited space, and traditional hotels may be expensive or fully booked.
Expanding travel arrangements and reservation services in Canada can significantly impact the market, enhancing accessibility and visibility for this unique lodging concept. According to Statistics Canada, the travel arrangement and reservation services industry group saw a significant surge in operating revenue, soaring by 182.2% to reach $9.7 billion in 2022. Tour operators experienced the largest increase in their sectors, with operating revenue rising sharply by 475.2% to $5.4 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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Capsule Hotel Market by Booking Mode
Chapter 5. North America Capsule Hotel Market by Age Group
Chapter 6. North America Capsule Hotel Market by Traveler Type
Chapter 7. North America 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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