PUBLISHER: KBV Research | PRODUCT CODE: 1511427
PUBLISHER: KBV Research | PRODUCT CODE: 1511427
The Europe Capsule Hotel Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Capsule Hotel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $13,393.5 Thousands by 2031. The UK market is exhibiting a CAGR of 6.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.8% during (2024 - 2031).
Designed to maximize limited space, capsule hotels efficiently utilize floor areas by stacking sleeping pods vertically or arranging them in compact configurations. This space-efficient design allows hoteliers to optimize real estate investments in high-demand locations.
Moreover, as urbanization continues to increase, especially in major cities, the demand for convenient, centrally located accommodations has grown. Capsule hotels meet this demand by providing compact lodging solutions near business districts, tourist attractions, and transportation hubs.
The rising trend of solo travel among women in Europe significantly impacts the hospitality industry, including the market. According to the Ministry of Foreign Affairs, 63% of Italian women aged 18-65 have traveled alone to another country, along with 60% of German women. Additionally, 60% of women in the UK are planning trips in the coming years, with 16% having travel arrangements booked for the next two or three months.
Based on Booking Mode, the market is segmented into Offline Booking and Online Booking. Based on Age Group, the market is segmented into Generation Y, Generation Z, and Generation X. Based on Traveler Type, the market is segmented into Solo and Group. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Netherlands, and Rest of Europe.
List of Key Companies Profiled
Europe Capsule Hotel Market Report Segmentation
By Booking Mode
By Age Group
By Traveler Type
By Country