In the 2024 fiscal year, Riu was the brand with the highest occupancy rate among TUI AG's hotels and resorts. Between October 2023 and September 2024, Riu's occupancy rate was 91 percent, denoting an increase of one percentage point over the previous year.

In 2023, the occupancy rate in hotels in Macau was at 81 percent, presenting a significant increase compared to the previous year. In comparison, hotel occupancy rate ranged at only 29 percent in 2020, the first year of the COVID-19 pandemic.

In fiscal year 2024, the occupancy rate of hotels in India was estimated to be 70 percent, a rise from about 66 percent in last year. In the recent years, the decline came in the wake of the coronavirus (COVID-19) pandemic. However, it is slowly bouncing back to pre-pandemic rate.

Mumbai – a city that never sleeps   Mumbai, the capital of Maharashtra, witnessed a slow-paced growth in the hotel industry in recent years mainly due to the changes in real estate policies and exorbitant land prices. Despite this, the financial and entertainment capital of India outpaced all other major markets in the country by achieving the highest occupancy rate and revenue per available room in 2020. With the availability of international convention centers like the Jio World Centre located in the heart of commercial district of Bandra-Kurla Complex, Mumbai was the preferred business location in the country. In 2021, it still had the highest occupancy rate and revenue per available room rate, but at a much lower level.

Leading hotel company
In 2019, the Indian Hotels Company Limited stood out as India’s largest hospitality company by net sales. One of the first hotels opened by this company was the Taj Mahal hotel located in Mumbai. Opened almost a century ago, the Taj Mahal hotel has hosted some of the most illustrious guest from all over the world. Ever since the hotel has held on to the legacy of providing warm hospitality and world-class facilities. Well known for its grandeur, the Taj remains a hallmark of Indian hospitality year after year.

Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report United States Hotels Market Analytics to 2020: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type – Business and Leisure, by type of hotel – Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow for the period 2011 to 2015 and forecast to 2020. Furthermore, the report also details out Room Occupancy Rate (percentage of available rooms sold during a given period), Rooms Nights Available and Occupied, Revenue per Room by Hotel Category for the period 2011 to 2020 along with Total Revenues by Hotel Category & Customer Type. The report acts as an essential tool for companies active or plans to venture in to the United States' Hotels business. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

In fiscal year 2023, the hotel occupancy rate in the Indian city of Gurugram amounted to about 66 percent. This was an increase compared to the previous year's occupancy of about 48 percent.

We will create a customized hotels dataset tailored to your specific requirements. Data points may include hotel names, location details, pricing information, amenity lists, guest ratings, occupancy rates, and other relevant metrics.

Utilize our hotels datasets for a variety of applications to boost strategic planning and market analysis. Analyzing these datasets can help organizations understand guest preferences and market trends within the hospitality industry, allowing for more precise operational adjustments and marketing strategies. You can choose to access the complete dataset or a customized subset based on your business needs.

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Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces was 34.80% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces - last updated from the EUROSTAT on March of 2025. Historically, Cyprus - Net occupancy rate in hotels and similar accommodations: Bedplaces reached a record high of 101.80% in August of 2017 and a record low of 6.00% in February of 2021.

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Capsule Hotel Market Size 2024-2028

The capsule hotel market size is forecast to increase by USD 50.3 million at a CAGR of 10.03% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The increasing disposable income of travelers, particularly in Asia Pacific, is driving demand for affordable yet comfortable lodging options. Moreover, the expansion of the global travel and tourism industry is fueling the growth of this market. However, the negative impacts of the pandemic on the hospitality industry have presented challenges, leading to temporary closures and reduced occupancy rates. However, concerns like claustrophobia and large luggage may pose challenges to the market. Despite these hurdles, the market is expected to recover and continue its growth trajectory as travel restrictions ease and consumer confidence returns. The capsule hotel concept offers a unique and cost-effective solution for budget-conscious travelers, making it an attractive investment opportunity for industry players.

What will be the Size of the Capsule Hotel Market During the Forecast Period?

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The market, also known as pod hotels or sleeping cabins, offers cost-effective lodging solutions for solo travelers and office workers. These vertical or horizontal structures provide compact, individual living spaces equipped with essential amenities such as a pillow, locker facility, alarm clock, and charging socket. Common washroom facilities are shared among guests, ensuring efficiency and affordability. The market caters to both tourists and local residents, particularly those in need of hourly accommodations near train stations or tourist areas. The trend toward simple, minimalist accommodations has gained popularity among Generation Y and international travelers seeking unique experiences. Capsule hotels come in various designs, including wooden and metallic structures, and can be found in numerous locations worldwide. The market continues to grow, driven by increasing demand for affordable lodging options In the tourism sector.

How is this Capsule Hotel Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Mode Of Booking

  Offline booking
  Online booking


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Mode Of Booking Insights

The offline booking segment is estimated to witness significant growth during the forecast period.

Capsule hotels offer hourly basis accommodation for solo travelers and groups, providing a cost-effective lodging solution for budget-conscious tourists and office workers. These vertical and horizontal structures come in both wooden and metallic designs, catering to the preferences of Generation Y travelers. Operators in the lodging industry have capitalized on the demand for flexible booking options, keyless entry systems, and smartphone apps, allowing travelers to easily reserve hourly rates for shared bathroom facilities.

Capsule hotels are particularly popular among tourists facing flight delays or long layovers, as well as students on international trips. The compact design of these simple accommodations allows for efficient use of real estate, making them an attractive option for the tourism sector. However, some travelers may find the claustrophobic nature of these small spaces a deterrent. Despite this, the budget accommodation segment continues to thrive, with operators offering hourly accommodations near train stations and other transportation hubs to cater to the needs of the traveling public.

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The Offline booking segment was valued at USD 49.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 41% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific (APAC) region dominates the market, driven by the rising disposable income of the middle class and the growing preference for affordable accommodations among millennials. The region's economic growth, particularly in countries like Japan, China, and India, has led to an increase in the number of budget-conscious travelers, including backpackers, solo adventurers, and business travelers. These travelers seek cost-effective lodging solutions,

In fiscal year 2023, hotel occupancy rate in the eastern city of Kolkata amounted to nearly 70 percent. This was an increase compared to the previous year's occupancy rate of about 50 percent. In recent years, the rate had been fluctuating around 70 percent.

Our travel datasets provide extensive, structured data covering various aspects of the global travel and hospitality industry. These datasets are ideal for businesses, analysts, and developers looking to gain insights into hotel pricing, short-term rentals, restaurant listings, and travel trends. Whether you're optimizing pricing strategies, analyzing market trends, or enhancing travel-related applications, our datasets offer the depth and accuracy you need.

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The global hotel logistics market is experiencing robust growth, driven by the expanding hospitality sector and increasing demand for efficient and reliable supply chain solutions within the industry. The market's expansion is fueled by several key factors: the rise of online travel agencies (OTAs) and booking platforms leading to increased hotel occupancy and a need for timely delivery of goods, a surge in the construction of new hotels globally, and the growing adoption of technology-driven logistics solutions, such as warehouse management systems (WMS) and transportation management systems (TMS), to optimize delivery routes and inventory management. Furthermore, the increasing focus on sustainability and ethical sourcing within the hospitality industry is prompting hotels to partner with logistics providers offering environmentally friendly transportation options. While the market faces challenges such as fluctuating fuel prices and supply chain disruptions, these are being mitigated by strategic partnerships, diversification of supply chains, and the implementation of advanced forecasting techniques. Despite these challenges, the market is poised for significant growth in the coming years. Factors like the increasing popularity of luxury and boutique hotels demanding specialized logistics solutions, coupled with the expanding presence of hotel chains in emerging markets, will continue to fuel market expansion. The competitive landscape is marked by a mix of large multinational logistics companies and regional players, each offering specialized services to cater to the diverse needs of the hotel industry. This competition fosters innovation and efficiency, benefiting hotels with more streamlined supply chains and cost-effective solutions. Segmentation by type (inbound vs. outbound logistics) and application (furniture, amenities, food & beverage) provides a detailed overview of specific market dynamics and emerging opportunities. A conservative estimate, considering a typical CAGR for this sector, places the market size in 2025 around $15 billion, projecting a significant increase by 2033, fueled by the aforementioned drivers.

As per Cognitive Market Research's latest published report, the Global Hotel market size was $784.82 Billion in 2023 and it is forecasted to reach $1,126.04 Billion by 2030. Hotel Industry's Compound Annual Growth Rate will be 5.29% from 2023 to 2030. What are the key driving factors for the Hotel market?

The Rising Investment in the Global Hotel Industry is Favoring the Market Growth

The year 2022 was a year that started with the reopening of many international borders and huge amounts of government economic stimulus. However, the outbreak of Ukraine-Russia war was a growing geopolitical tension. Despite all these challenges, the global hotel and lodging industry continues to show resilience as RevPAR (Revenue Per Available Room) towards complete recovery). For instance, according to the data of the Global Hotel Investment Outlook 2023, at the year end of 2022, the proportion of RevPAR recovered relative to that of 2019 by region ranged from 69% to 108%. Additionally, in the period of seven years before COVID-19, outbound Chinese capital for the global hotel investment accounted for USD 3.4 billion every year. From the year 2020 to 2022, the outbound Chinese hotel investment has been about USD 400.0 million.

The transaction activities in the hotel industry had been witnessed to be increased than before. For instance, according to the research of Jones Lang LaSalle IP, Inc. (JLL) and Global Hotel Investment Outlook 2023, two of the three global regions (the Americas and the APAC) observed an increased hotel investment volume in 2022. Moreover, private equities continue to be the largest acquirers of hotel assets globally. In the year 2022, there had been witnessed a significant increase in new investors entering the hotel industry. In fact, a 16% of the year’s global investment volume in hotel industry was generated by the first-time hotel buyers.

In the year 2022, there was a decline in investment volume, and same can be expected in 2023, owing to large portfolios might be challenging to finance. There can likely be a bifurcation in hotel acquisitions as luxury hotels will be continuing to sell for high values. In addition, in 2022, foreign investors deployed capital not only towards individual hotel assets but also into large-scale platforms, especially in the luxury space. For instance, in the third quarter of 2022, Saudi Arabia’s Public Investment Fund (PIF) entered into partnership with London-based investment firm Cian International to invest about USD 900 million into the Aman Group, valuing the ultra-luxury platform over USD 3 billion.

The Accelerating Global Travel and Tourism Fueled the Demand for Hotels, Drives the Market Growth

The Availability of Alternative Accommodation Places such as Short Term Rental Homes, Hostels, and Others May Hamper the Market Growth(Access Detailed Analysis in the Full Report Version)


The Rising Popularity of Ultra-Luxury Segment Generates an Opportunity for Expansion of the Market.(Access Detailed Analysis in the Full Report Version)

What is a Hotel?

A hotel is the most common type of accommodation, which can be defined as an establishment that offers overnight accommodation, meals, and various other services. Hotels are mainly aimed/targeted at tourists or travelers, although the local residential can also use hotels. Hotels is a segment categorized under the hospitality and tourism sector. Different hotels possess a wide range of accommodations ranging from budget motels to luxury resorts. Hotel industry consists of lodging places, event planning, theme parks, restaurants, and others, and it includes various activities such as facility maintenance & direct operations including porters, servers, housekeepers, kitchen keepers, bartenders, and many more. The global hotel industry is exhibiting a positive growth after COVID-19. For instance, according to the data of Global Hotel Investment Outlook, 2023, the hotel occupancy has reached 89% recovery as compared to that of 2019, thereby, proving its resilience.

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According to a February 2025 study, Florence was the Italian city with the highest average occupancy rate in four-star hotels in 2024, with an average occupancy rate of 77.5 percent. Meanwhile, Venice was the most expensive Italian city based on the average price of four-star hotels in December 2024. The occupancy rate is a key metric used in the hotel industry. It is calculated by dividing the number of occupied rooms by the number of available rooms in a specific period and multiplying by 100 to obtain a percentage.

Key findings, theoretical and practical implications and future research directions.

According to Future Market Insights (FMI), the luxury hotel market is estimated at US$ 99.868 billion in 2023 and is projected to reach US$ 117.169 billion by 2033, at an anticipated CAGR of 5.3 % from 2023 to 2033.

Attribute	Details
Market HCAGR (From 2018 to 2022)	4.1%
Market Size - 2018	US$ 81.097 billion
Market Size - 2022	US$ 95.113 billion

Attribute	Details
Market CAGR (From 2023 to 2033)	5.3%
Market Size - 2023	US$ 99.868 billion
Market Size - 2033	US$ 117.169 billion

Country - Wise Insights

Attributes	Details
North America Market Share - 2023	24%
United States Market Share - 2023	6%
Australia Market Share - 2023	5.2%

Attributes	Details
Japan Market Share - 2023	4%
China Market CAGR (From 2023 to 2033)	6.5%
India Market CAGR (From 2023 to 2033)	4.5%

Attributes	Details
Europe Market Share - 2023	20.1%
Germany Market Share - 2023	3.5%
United Kingdom Market CAGR (From 2023 to 2033)	6.6%

Category - Wise Insights

Category	Room Type
Leading Segment	Luxury
Market Share	31%

Category	Type
Leading Segment	Business Hotels
Market Share	28%

In the first quarter of 2024, the revenue per available room, or RevPar in Thailand, amounted to 1,869 Thai baht, indicating an increase compared to the previous quarter. RevPar in the country has increased constantly since the third quarter of 2021.

In fiscal year 2023, the hotel occupancy rate in the southern city of Chennai amounted to 69 percent. This was an increase compared to the previous year's occupancy rate of about 52 percent. In recent years the occupancy rate in Chennai has been fluctuating between 55 and 65 percent.

Hotel spas not only provide guests with a convenient way to relax, but they also offer hotels an alternative source of income. During a 2019 survey in the United States, it was found that the occupancy rate of spa treatment rooms in luxury hotels was at 72 percent.

This statistic shows the percentage change in hotel occupancy in London (UK) from 2008 to 2020. The occupancy rate in London hotels increased by 2 percent in 2018, which is the highest growth since 2013. It is expected to slightly increase again in 2019, but decrease in 2020.