New report forecasts capsule hotel market growth
According to a report by ResearchAndMarkets.com, the segment could grow $49.14 million during the period 2022-2026
The "Global Capsule Hotel Market 2022-2026" report has been added to ResearchAndMarkets.com's offering. There it is revealed that the segment could grow $49.14 million during 2022-2026, accelerating at a CAGR of 9.86% during the forecast period.
The report provides a holistic analysis, market size and forecast, trends, growth drivers and challenges, as well as vendor analysis covering around 25 vendors.
The report offers up-to-date analysis on the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing disposable income of travellers, various government initiatives to promote travel and tourism, and the growing need for affordable accommodation.
This study identifies the growth of the global travel and tourism industry as one of the main reasons driving the growth of the capsule hotel market during the coming years. In addition, the utilization of artificial intelligence (AI) in capsule hotels to monitor the health and predict food preferences of guests and the rise of solo tourism globally will generate considerable market demand.