Capsule Hotel Market Expected to Reach $276.2 Million by 2028—Allied Market Rese

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2. Capsule Hotel Market Capsule Hotel Market Expected to Reach $276.2 Million by 2028—Allied Market Research According to a new report published by Allied Market Research, titled, “Capsule Hotel Market by Traveler Type, Booking Mode, and Age Group: Global Opportunity Analysis and Industry Forecast, 2022–2028,” The global capsule hotel market size was valued at $202.3 million in 2019, and is projected to reach $276.2 million by 2028, registering a CAGR of 8.2% from 2022 to 2028. Capsule hotel is also known as sleeping cabins or pod hotels. It is a unique and novel type of accommodation that is budget friendly and is equipped with basic amenities, which include single or double bed, pillow, locker facility, alarm clock, charging socket, common washroom, and others. The capsule hotel market industry is gaining traction across the world owing to the rise in demand for hotels available at cheaper rate. Moreover, surge in travel and tourism across the globe is further expected to boost the capsule hotel market demand. Furthermore, capsules hotels are also gaining popularity majorly in the Asian countries attributable to the rise in number of travelers and increase in the growth of hotels in the region. Additionally, Modern capsule hotels with facility like common space with free hot drinks and fast Wi- Fi and others are the current capsule hotel market trends. Download Report Sample

3. Capsule Hotel Market The COVID-19 pandemic has a negative impact on the capsule hotel market, due to travel restriction across the globe in an attempt to prevent the pandemic spread. Capsule hotels all across the world have experienced an unprecedented drop in demand from 2020 owing to the COVID-19 pandemic that resulted in an exponential reduction in personal and business travel, which has severely impacted the capsule hotel market growth in terms of value sales. Request Sample Report The rise in trend of upmarket luxury capsule hotels and the increase in the availability of the capsule hotels at airports and train stations drive the demand for such hotels among the travelers. Businesspeople and foreign tourists seeking for a unique accommodation experience is another factor that further paves way for the growth of the capsule hotel market. Moreover, some capsule hotels are located very close to airports and offer inexpensive accommodation with easy connectivity options to both the airport and the city making it popular among the business people. Airport and train station capsule hotels are increasingly adopted by several countries such as India, Japan, U.S., and others which in turn is anticipated to offer a lucrative opportunity for the growth of the capsule hotel market in terms of value sales in the upcoming years. Download Report Sample

4. Capsule Hotel Market The global capsule hotel market segment is categories into traveler type, booking mode, age group, and region. By traveler type, the market is classified into solo and group. By booking mode, it is divided into online booking and offline booking. By age group, the market is segregated into generation X, generation Y, and generation Z. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Get detailed COVID-19 impact analysis on the Capsule Hotel Market :- https://www.alliedmarketresearch.com/request-for-customization/10990?reqfor=covid Key Findings Of The Study By traveler type, the solo segment accounted for the highest capsule hotel market share in 2019 and is expected to grow at a CAGR 8.7% from 2022 to 2028. By booking mode, the offline booking mode segment garnered the highest share in 2019 and is estimated to grow at a CAGR of 8.1% during the forecast year. By age group, the generation Y segment occupied the maximum share in the market in 2019 and is anticipated to dominate the market during the forecast period. By region, Asia-Pacific led the market, in terms of share, in 2019, and is likely to exhibit a CAGR of 7.4% during the forecast year. Download Report Sample

5. Capsule Hotel Market The rising disposable income in urban areas has resulted into a greater number of households owning a pet and spending willingly on their dogs, cats, fishes more than ever before. Over the past few years, several multinational companies have established a presence in various regions, owing to this high amount of pet ownership and have enhanced their presence through a manufacturing facility or through their distribution facilities. For instance, Perfect Companion, a multinational company from Thailand has setup its new factory in Zhenjiang province. Purchase this Report :- https://www.alliedmarketresearch.com/checkout-final/50183c92914753381ac63aff93ecdf9a Furthermore, flavor trends have begun to emerge in the Capsule Hotel Market. For instance, the adoption of beef in several food categories (dry and wet food) has witnessed a recent trend while chicken is already a dominating flavor. Overall, natural, organic and nutritious food trends are driving the market owing to its grain-free properties and health benefits offered to pets.The COVID-19 pandemic had a positive and negative impact on the Capsule Hotel Market growth. The supply chain disruption had a negative impact, while the increase in adoption of pets had a positive impact on the market. Download Report Sample

6. Capsule Hotel Market The key players operating in the capsule hotel industry include The Capsule Hotel, First Cabin HD Co., Ltd., UZ.Hotesl, Book & Bed Tokyo, Urbanpod Hotel, The CUBE Hotel Group, Riccarton Capsule Hotel, Nadeshiko Hotel Shibuya, The Bed KLCC, and Pangea pod hotel. The other players analyzed for the market include Nonze Hostel, Pattaya, Dream Lodge, Lavender, Singapore, Inbox Capsule Hotel, Saint Petersburg, The Pod Sydney, Anshin Oyado, Bloc Hotels, Tubohotel, Koyasan Guesthouse, Time Capsule Retreat, Comicap, De Bedstee Boutique Capsules, Take Surf Hostel Conil, Atypicap Capsule Hostel, Hipstercity Hostel, and Eighteen By Three Cabins. Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/10990 Download Report Sample

7. Capsule Hotel Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Download Report Sample

8. Capsule Hotel Market Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research Download Report Sample