Teeny Tiny Hotels Open In China

It's a new low price and no-frills concept -- China's first capsule hotel.

Capsule hotels were made famous by the Japanese when they were first started to house Japanese "salary men" who worked too late or drank too hard to get home for the night.

The 68-room Shanghai hotel has rooms that measure just three feet tall by seven feet long.  A night runs at a low price at $4 per person, and each additional hour is 60 cents.

The rooms come accommodated with electrical outlets, televisions and internet services.

Today, the capsule hotels represent a tier of low budget accommodation for travelers and renters alike.