NEW YORK, March 29, 2023 /PRNewswire/ — The global capsule hotel market size is estimated to grow by USD 49.14 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 9.86% during the forecast period. The rising disposable income of travelers, government initiatives for promoting travel and tourism, and the increasing need for inexpensive accommodation are some of the key drivers propelling the capsule hotel market growth. For more insights on the forecast market size (2021 to 2026) – Request a sample report
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Capsule Hotel Market – Market Dynamics
Major challenges hindering the market growth
The negative impacts of the pandemic are one of the key factors challenging the capsule hotel market growth during the forecast period. The governments of countries worldwide imposed pandemic-induced restrictions and nationwide lockdowns in early 2020 to contain the spread of the disease. There were cancelations of flights and a reduction in domestic and outbound tourists in H1 2020 globally. In April 2020, Europe experienced a steep drop in its domestic tourism, by around 93%, compared to that of the same month in 2019. Most domestic and international airlines were forced to cancel their flights due to strict quarantine measures and a lack of passengers. Regional airlines such as Dubai-based Emirates Airlines, Abu Dhabi-based Etihad Airways, and Qatar Airways experienced significant losses in 2020, in MEA. Hence, a decline in tourist arrivals hampered the capsule hotel market growth during the COVID-19 period.
Key factor driving market growth
The rising disposable income of travelers is one of the key drivers propelling the capsule hotel market growth. For instance, from 2000 to 2020, the disposable per capita income in China increased by around 700%. In Japan, households spend around 22% of their gross-adjusted disposable income on leisure activities. The rising disposable income improves the standard of living of people, which enables them to spend their income on travel activities. Similarly, in South America, the improving economic condition in Brazil is expected to drive the growth of the capsule hotel market in the country during the forecast period. Hence, factors like rising disposable income are expected to drive market growth during the forecast period.
Leading trends influencing the market
The growth of the global travel and tourism industry is one of the major capsule hotel market trends fueling the market growth during the forecast period. During the last few decades, the tourism industry has witnessed significant growth, especially in regions such as Europe, Southeast Asia, and North America. While Brazil has traditionally been a country with the strongest tourism industry in South America. Air passenger traffic increased because of the growth of the tourism industry. This growth in air passenger traffic is expected to be fueled because of the growing affluence of the middle-class population in emerging markets, such as China and India. Moreover, global investments in airport infrastructure are expected to increase significantly during the forecast period. Hence, the growth of the global travel and tourism industry is expected to drive market growth during the forecast period.
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Capsule Hotel Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on the mode of booking (offline booking and online booking) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market share growth in the offline booking segment will be significant for the market growth during the forecast period. Through offline booking, customers can book rooms according to their preferences and they do not have to deal with claiming refunds, which is the case with online booking. Vendors can offer their customers additional schemes, which are not available through online booking. Moreover, discounted prices and budget-friendly options provided by vendors through the offline booking mode further drive customer footfall in their hotels. Hence, these factors in the offline booking segment will drive the capsule hotel market growth during the forecast period.
Geography Overview
By geography, the global capsule hotel market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global capsule hotel market.
APAC is estimated to account for 41% of the global market growth during the forecast period. China and Japan are the key markets for the capsule hotel market in the region. Market growth in this region will be slower than the growth of the market in other regions. The growth in spending by millennials on travel activities will facilitate the capsule hotel market growth in APAC over the forecast period.
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What are the key data covered in this Capsule Hotel Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the capsule hotel market between 2022 and 2026
Precise estimation of the size of the capsule hotel market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the capsule hotel market across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of capsule hotel market vendors
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Capsule Hotel Market Scope |
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Report Coverage |
Details |
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Base year |
2021 |
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Historic period |
2017-2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.86% |
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Market growth 2022-2026 |
USD 49.14 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
9.08 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Book and Bed Tokyo, Container Hotel Group, CVS Bay Area Inc., De Bedstee Capsules Hotel B.V., Dream Lodge, First Cabin HD Co. Ltd., Hostels Hub Point S.L., Inbox Capsule Hotel, Koyasan guesthouse Kokuu, Nadeshiko Hotel, Nonze Hostel, Pangea Pod Hotel, RB Hospitality Pte Ltd., Riccarton Capsule Hotel, TAKE Hostel Conil, The Bed KLCC, The Capsule Hotel, The Pod Sydney, Time Capsule Retreat, Tubohotel, and Urban Pod Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Consumer Discretionary market reports
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Booking
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Mode of Booking
5.1 Market segments
Exhibit 24: Chart on Mode of Booking – Market share 2021-2026 (%)
Exhibit 25: Data Table on Mode of Booking – Market share 2021-2026 (%)
5.2 Comparison by Mode of Booking
Exhibit 26: Chart on Comparison by Mode of Booking
Exhibit 27: Data Table on Comparison by Mode of Booking
5.3 Offline booking – Market size and forecast 2021-2026
Exhibit 28: Chart on Offline booking – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Offline booking – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Offline booking – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Offline booking – Year-over-year growth 2021-2026 (%)
5.4 Online booking – Market size and forecast 2021-2026
Exhibit 32: Chart on Online booking – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Online booking – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Online booking – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Online booking – Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Mode of Booking
Exhibit 36: Market opportunity by Mode of Booking ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC – Market size and forecast 2021-2026
Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.4 North America – Market size and forecast 2021-2026
Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.5 Europe – Market size and forecast 2021-2026
Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.6 South America – Market size and forecast 2021-2026
Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.8 China – Market size and forecast 2021-2026
Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)
7.9 US – Market size and forecast 2021-2026
Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
7.10 Germany – Market size and forecast 2021-2026
Exhibit 70: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany – Year-over-year growth 2021-2026 (%)
7.11 Japan – Market size and forecast 2021-2026
Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)
7.12 UK – Market size and forecast 2021-2026
Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Book and Bed Tokyo
Exhibit 89: Book and Bed Tokyo – Overview
Exhibit 90: Book and Bed Tokyo – Product / Service
Exhibit 91: Book and Bed Tokyo – Key offerings
10.4 First Cabin HD Co. Ltd.
Exhibit 92: First Cabin HD Co. Ltd. – Overview
Exhibit 93: First Cabin HD Co. Ltd. – Product / Service
Exhibit 94: First Cabin HD Co. Ltd. – Key offerings
10.5 Nadeshiko Hotel
Exhibit 95: Nadeshiko Hotel – Overview
Exhibit 96: Nadeshiko Hotel – Product / Service
Exhibit 97: Nadeshiko Hotel – Key offerings
10.6 Nonze Hostel
Exhibit 98: Nonze Hostel – Overview
Exhibit 99: Nonze Hostel – Product / Service
Exhibit 100: Nonze Hostel – Key offerings
10.7 Pangea Pod Hotel
Exhibit 101: Pangea Pod Hotel – Overview
Exhibit 102: Pangea Pod Hotel – Product / Service
Exhibit 103: Pangea Pod Hotel – Key offerings
10.8 RB Hospitality Pte Ltd.
Exhibit 104: RB Hospitality Pte Ltd. – Overview
Exhibit 105: RB Hospitality Pte Ltd. – Product / Service
Exhibit 106: RB Hospitality Pte Ltd. – Key offerings
10.9 Riccarton Capsule Hotel
Exhibit 107: Riccarton Capsule Hotel – Overview
Exhibit 108: Riccarton Capsule Hotel – Product / Service
Exhibit 109: Riccarton Capsule Hotel – Key offerings
10.10 The Bed KLCC
Exhibit 110: The Bed KLCC – Overview
Exhibit 111: The Bed KLCC – Product / Service
Exhibit 112: The Bed KLCC – Key offerings
10.11 The Capsule Hotel
Exhibit 113: The Capsule Hotel – Overview
Exhibit 114: The Capsule Hotel – Product / Service
Exhibit 115: The Capsule Hotel – Key offerings
10.12 Urban Pod Pvt. Ltd.
Exhibit 116: Urban Pod Pvt. Ltd. – Overview
Exhibit 117: Urban Pod Pvt. Ltd. – Product / Service
Exhibit 118: Urban Pod Pvt. Ltd. – Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 119: Inclusions checklist
Exhibit 120: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 121: Currency conversion rates for US$
11.4 Research methodology
Exhibit 122: Research methodology
Exhibit 123: Validation techniques employed for market sizing
Exhibit 124: Information sources
11.5 List of abbreviations
Exhibit 125: List of abbreviations
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