The pop-up hotels market is poised to reach a valuation of US$ 19.12 Billion in 2022. Sales are projected to increase at 6% CAGR, with the market size reaching US$ 34.24 Billion by 2032.
As the trends like ‘Minimal Lifestyle’ and ‘Sustainable Life’ are among young generation, people will keep coming to experience such trends at least once. There is market available for pop-up hotels during seasonal tourism and cultural festivals celebrated around the globe.
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The Pop-up Hotel market is increasing slowly and steadily. There are not many popular Pop-up Hotel companies around the world, but there are few ones which are operating really well on their own. These organizations have developed their own market based on different events and tourism trends, where they can provide services to tourists.
Key Takeaways from the Pop-up Hotels Market Study:
- The North America, Europe and Asia Pacific regions hold a market share of ~20%, ~24% and ~28% respectively.
- The Covid-19 pandemic had a 100% impact on the value of the Pop-up Hotels sector.
- Pop-up Hotel market is contributing 2.5% to Global Hotel Industry.
- Tents and Yurts are the most common accommodations used in Pop-up hotels.
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Impact of COVID-19
The Pop-up Hotels were utilized by tourists visiting festivals and concerts around the globe, and were starting to enter in luxurious accommodation market. Because of COVID-19, all these concerts and festivals were cancelled.
The public gathering was restricted all around the world and borders of all the countries were closed to control the virus outbreak. Because of these reasons, the main market for Pop-up hotels was shut down completely. In 2021, as lockdown ended and tourism started again, pop-hotels started emerging in other markets too. Pop-up hotels also started providing luxurious accommodation and customized accommodations according to customers’ needs.
The COVID-19 was really awful for the pop-up hotel market, but this industry will recover and flourish considerably more than it did before.
Who is winning?
There are pop-hotel companies providing accommodation for tourists, mainly to campers and visitors to cultural festivals. These are not the only possible market; as pop-up hotels are also starting to provide customized lodging to different tourist’s locations and minimal accommodations in many important cities around the globe.
The key players in the Pop-up Hotels market
- Black Tomato
- Terra Glamping
- Zand Hotel
- The Pop-Up Hotel
- Snooze Box
- Sleeping Around
- San Giorgio
- Icehotel
- The Kimpton Gray
- Others
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global Pop-up Hotels market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032.
The Pop-up Hotels Sector by Category
By Accommodation Type:
- Tents
- Yurts
- Huts
- Containers
- Others
By Tourism Type:
- Cultural & Heritage Tourism
- Eco/Sustainable Tourism
- Adventure Tourism
- Wellness Tourism
- Others
By Event Type:
- Festivals
- Concerts
- Business Events
- Others
By Tourist Type:
- Domestic
- International
By Tour Type:
- Independent Traveller
- Package Traveller
- Tour Group
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