Capsule Hotels Market - In-Deep Analysis Focusing on Market Share
The capsule hotels market registered a market value of USD 147.07 million and estimated to grow with a CAGR of 4.3% over the forecast period. The capsule hotel market has seen substantial growth in recent years and is expected to continue to do so throughout the forecast period. The capsule hotel, which debuted in Japan in 1979, is a small box-style hotel. Capsule hotels are built to provide convenient and low-cost lodging to travelers who only need basic overnight lodging and do not need the high-value-added amenities offered by other hotels.
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