Frequently Asked Questions
The novel coronavirus pandemic has had a global impact, with the capsule hotel industry being one of the hardest hit. Many countries enforced travel bans due to complete lockdowns and fears of coronavirus spread, impeding the expansion of the pod hotel sector. Japan is the world’s largest market for the capsule business. According to the official OYO blog published on April 29, 2020, visitors from China, who account for the majority of total tourists to Japan, have decreased by 98.5 percent. Thu
In the forecast period, Asia-Pacific will account for the largest market share, owing to an increase in the number of tourists combined with an increase in the spending power of nations such as India, China, and Japan.
Significant expansion in the global travel and tourism business is producing a good picture for the market. The growing consumer choice for hygiene, comfort, cost-effective, and budget-friendly lodging while traveling is propelling the market forward.
The generation Y category held the largest market share in the global market during the projection period. However, the generation Z sub-segment of the worldwide capsule hotel industry is expected to develop the fastest rate
The solo segment is expected to occupy a major share of the global market.