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Growing popularity of capsule hotels winds up new opportunities for market players
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Tuesday, 19 April, 2022, 12 : 00 PM [IST]
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Koyel Ghosh
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As per the recent trends, there’s been a sharp incline in the number of people travelling solo by their choice and consequently, they have been increasingly looking for economical accommodation. This factor has driven the growth of the global capsule hotels market in more than one way.
In the last few years, there’s been a steep increase in the adoption of new trends among millennials, when the drift for solo traveling has also come across a great spike. Reconnoitering the culture of new destinations and enjoying excursion have come out as a highly popular choice among individuals, which in turn has been immensely favourable for the growth of the market.
At the same time, high-end technological advancements, such as the incorporation of smartphone applications to obtain smart pods and capsules have paved the way for a lot of opportunities in the industry.
These technologies also tend to offer noiseless alarm systems that raise sleeping individuals into seated positions while vivifying the environ lights simultaneously.
Moreover, the integration of in personal capsules to keep a tab on health and envisage the food choices of the guests has supplemented the market yet more, when other important factors such as increasing disposable income of consumers, coupled with the enactment of widespread government initiatives for facilitating tourism have been highly beneficial for the market growth.
According to Allied Market Research, the global capsule hotel market is anticipated to cite a significant CAGR from 2022 to 2028.
Individuals looking for a peaceful yet comfortable stay to unwind after a tiresome train journey can now book for Indian Railways’ first capsule stay, located at Mumbai Central railway station. The retiring cabins of POD concept were inaugurated by the Minister of State of Railways, Raosaheb Dadarao Patil Danve, in November, 2021.
The exclusive facility comprises of a total capsule roster of forty0eight, including three categories altogether- thirty Classic Pods, ten Private Pods, seven Ladies Only, and one is solely dedicated to the differently abled guests. When the Ladies Only and Classic Pods are perfectly suitable for one head, the Private Pods come with a private space within the capsule.
And, the cabin for Differently abled individuals is completely apt for two people with space for free motion of wheelchair. In a nutshell, the guests can enjoy all the up-to-the-minute facilities at significantly cheaper rates.
This avant-garde and unique concept in Hospitality Services by IRCTC in association with Urban Pod Pvt Ltd., Mumbai is commendable indeed.
On the other hand, Anshin Oyado Nagoya Sakae, a luxury Japanese capsule inn has recently declared a partnership with Capcom to come up with two Ace Attorney-themed cabinets to its customers, during the celebration of the series' twentieth anniversary. The available rooms are of two categories- The Great Ace Attorney room and The Ace Attorney room.
Both the rooms tend to feature a print work on the ceiling of what appears as the major characters from the two time epochs- right from Maya and Susato to Godot and Soseki Natsume. At the same time, Apollo will also be on the ceiling poster watching the guests while they seep.
However, the cabins will be allotted to the customers by lottery. And, unless one doesn’t win they will not have the opportunity to relax on Edge worth's sofa! But then, even for the non-winners, there is that right set of circumstances where they can enjoy the hotel's hot spring, which also comes with Ace Attorney pictures coated around it.
Most importantly, there are also additional advantages for anyone who stopovers at the Anshin Oyado Premier Nagoya Sakae café, counting bar clothes, character stances, and trading passes- everything troped around the Ace Attorney cast.
Covid-19 scenario
Here, it’s worth stating that the outbreak of the pandemic gave way to a steep decline in demand for capsule hotels, especially during the initial phase. The concurrent rules and regulations imposed by the majority of Government bodies resulted in the shutdown of the operation of railway stations as well as airports. This, in turn, impacted the global capsule hotels market negatively. However, as the overall situation across the world is getting back to normalcy, the market is also expected to revive very soon.
(The author is a blogger. She can be contacted at koyel.ghosh@alliedmarketresearch.net)
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