Portland, OR -- (SBWIRE) -- 03/15/2018 -- Capsule hotel is a small box type hotel, which was first introduced in Japan in 1979. Capsule hotels are designed to provide affordable and inexpensive accommodation to customers who are expected to avail basic overnight accommodation and do not require high value-added services provided by other conventional hotels. The rooms are includes a television, electric components, Wi-Fi connectivity, and are available in varied sizes. The size varies from 50 to 700 capsules in a hotel.
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Increase in demand for hotels available at an economic price is anticipated to expand the growth of capsule hotel market during the forecast period. The price of capsule hotel rooms varies from US$ 18 to US$ 40 per night. In addition, increase in travel & tourism in the region is anticipated to create more demand for capsule hotels in the Asia-Pacific region. It is reported that that majority of travelers focus on spending the night at hotels with simple accommodation, which is expected to boost the growth of capsule hotels globally.
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