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...