Enjoy complimentary customisation on priority with our Enterprise License!
The capsule hotel market size is forecast to increase by USD 50.3 million at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. Firstly, the increasing disposable income of travelers worldwide has led to a rise in demand for affordable yet comfortable accommodation options. Secondly, the growth of the global travel and tourism industry has resulted in a wave in the number of tourists seeking convenient and affordable hotels and lodging solutions. However, the market is also facing challenges, primarily the negative impacts of the pandemic on the travel industry. Despite these challenges, the market is expected to recover and grow, driven by the aforementioned trends and the continued demand for affordable and convenient accommodation solutions.
The market is poised for growth, with innovations in design and technology enhancing the customer experience and making these compact accommodations an attractive option for budget-conscious travelers.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Mode of Booking
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.