Tourism and Hospitality
The tourism sector, with its rapidly increasing number of foreign visitors to Japan and record-high inbound consumption of 35.05 billion USD* (5.3 trillion JPY) *, is expected to expand its business opportunities further with the promotion of digitalization and regional tourism.
Japan’s Tourism Market Strengthens with the Increase in Inbound Consumption
The tourism industry, one of the key industries driving the Japanese economy, is growing rapidly as the number of foreign visitors and inbound consumption increases. While its abundant tourism resources are attracting worldwide attention, labor shortages are an issue, and thus foreign companies are expected to enter the industry.
Promotion of Digitalization, Sustainable Tourism, and Regional Tourism to Boost Inbound Tourism and Further Develop the Tourism Industry
The government is supporting the tourism industry by attracting tourists to regional areas to revitalize regional economies and improve productivity through the introduction of tourism digital transformation (DX). The three government initiatives are introduced below:
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(1)
Government initiatives to boost inbound tourism
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(2)
Sustainable tourism and attracting tourists to regional areas
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(3)
Value-added businesses for tourist destinations and tourism industry through tourism digital transformation and ICT
In this report, we focus on the following three attractive markets in the tourism industry with large market sizes and high growth rates.
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(1)
Travel Tech: Gaining Attention Due to the Promotion of Digital Transformation and Regional Tourism
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(2)
Financial Services: Growing Demand Mainly for Cashless Payment Services for Foreign Visitors to Japan
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(3)
Hotel Market: Successive expansion of overseas companies, mainly luxury hotels
Tourism and Hospitality Report
You can download the whole report on the webpage free of charge. Please simply fill out the form below to get information on promising industries in the Japanese market. Download now and use the information for your success in business.
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- Business Expanding
- Tourism
- Osaka city
- Hong Kong
Popsible Development Limited, a real estate investor in Hong Kong, establishes a Japanese subsidiary in Osaka
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- Business Expanding
- Tourism
- United Kingdom
UK travel company InsideAsia Tours Ltd. establishes satellite office in Tokyo
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- Business Expanding
- Service
- Tourism
- Hong Kong
Hong Kong real estate investment company STAR ASIA HOLDINGS opens hotel in Osaka
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