LAMEA Capsule Hotel Market

LAMEA Capsule Hotel Market Size, Share & Trends Analysis Report By Booking Mode (Offline Booking and Online Booking), By Age Group (Generation Y, Generation Z, and Generation X), By Traveler Type, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23394 Publication Date: July-2024 Number of Pages: 93
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Market Report Description

The Latin America, Middle East and Africa Capsule Hotel Market would witness market growth of 8.9% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Capsule Hotel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,762.6 Thousands by 2031. The Argentina market is registering a CAGR of 9.5% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8.4% during (2024 - 2031).

LAMEA Capsule Hotel Market

Capsule hotels can serve as temporary housing solutions for displaced individuals or emergency responders in emergencies, natural disasters, or unexpected travel disruptions. They provide a safe and secure environment with basic amenities during challenging circumstances.

Moreover, capsule hotels offer overflow accommodations for attendees seeking proximity to event venues during major events, festivals, and conventions. They provide a convenient alternative to traditional hotels, which may be fully booked or expensive during peak periods.

The UAE attracts diverse international visitors with unique cultural backgrounds and preferences. Capsule hotels can blend modern amenities with local cultural experiences, providing guests with a distinctive stay that reflects trends and Emirati hospitality. According to the UAE Government, in 2022, the travel and tourism industry in the UAE contributed approximately AED 167 billion to the GDP, accounting for about 9% of the total economic output. In 2022, the total spending of international tourists amounted to AED 117.6 billion.

Free Valuable Insights: The Worldwide Capsule Hotel Market is Projected to reach USD 359.8 Million by 2031, at a CAGR of 7.7%

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • The Bed KLCC
  • PANGEA POD HOTEL
  • Riccarton Capsule Hotel
  • De Bedstee Capsules Hotel B.V.
  • nine hours Inc.
  • Book & Bed Tokyo (Atelier Book and Bed Co., Ltd.)
  • NADESHIKO HOTEL
  • The Capsule Hotel

LAMEA Capsule Hotel Market Report Segmentation

By Booking Mode

  • Offline Booking
  • Online Booking

By Age Group

  • Generation Y
  • Generation Z
  • Generation X

By Traveler Type

  • Solo
  • Group

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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