Passengers use the airport sleeping pods to relax between aircraft. Passengers may generally be split into several groups: those who arrive, those who leave, and those who move from one place to another. In terms of the usage of airport infrastructure and facilities, the needs of these passengers differ. Airport facilities that can meet the needs of travelers, such as getting a fast nap, spa, and massage services, and free shower facilities offer a fun and enhanced airport experience. Passengers traveling with families want children's play areas where children can spend time before boarding. Besides, business passengers might want a sleeping cabin with some of the facilities they can work in.
COVID-19 Scenario Analysis:
Companies are experiencing production disruption and declining demand in commercial aviation as staff go home, travelers stop flying and consumers delay the delivery of new aircraft. Aircraft manufacturers are by definition capital-intensive, creating short-term cash flow and liquidity issues.
Because of the current situation of flight travel delays, this industry will get a boost, when any passenger wants to utilize the existing lounge services when stranded at any airport.
While the lockdown was undertaken with the best interests in mind, it has had a disastrous impact on the economic development of the country and a recession could well be inevitable in the coming few quarters.
It has had a massive cascading effect on India's hospitality industry, with the cancelation of flights & trains across the country, hotel bookings facing monumental cancellations, and having a ripple effect on travel agents, taxi operators, handicraft showrooms, etc.
For the last month or so, hotels around the country are now practically closed with effectively zero earnings, thus having to bear mounting fixed cost.
Although air traffic has recovered steadily from previous crises, there has been extensive debate about ways to recover traffic from the present crisis.
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The global airport sleeping pods market trends are as follows:
New product launches to flourish the market
The new sleeping pod prototype for economic-class travelers is unveiled by Air New Zealand in 2020. Economy Skynest is a culmination of three years of research and development by Air New Zealand, which provides six full-length lie-flat sleeping pods.
Also, the first airport capsule hotel in Taiwan has now opened its doors to passengers traveling by Taoyuan International Airport in December 2019, and they can enjoy a quick sleep at the airport. Also, Istanbul Airport has 25 sleeping pods installed in January 2020 for passengers that want to rest before, after, or between flights. Also, a brand-new Plaza Premium Lounge that opened at Terminal 3 in 2020 can be checked out by travelers who fly from Dubai with Emirates. It provides 10-square-meter individual suites for families, groups of travelers seeking privacy. The pay-to-use lounge at Dubai International Airport is 1,260 meters long and is the biggest.
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Key benefits of the report:
This study presents the analytical depiction of the global Airport sleeping pods industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
The current market is quantitatively analyzed to highlight the global market growth scenario.
Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.
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