Key Market Indicators
Japanese Tourism's Direct GDP is projected to reach 2.1% of the nation's GDP by 2028, up from approximately 2% in 2023. This represents an average annual growth rate of 0.4 percentage points. Since 2013, the sector has seen an annual increase of 0.6 percentage points. In 2023, Japan held the fifth position globally in terms of tourism's contribution to GDP, with Peru surpassing it at the same 2% mark. Sweden, Austria, and Peru occupied the second, third, and fourth spots, respectively. Tourism receipts in Japan are expected to decline slightly, reaching $25.8 billion by 2028 from $27.9 billion in 2023. This equates to a compound annual growth rate (CAGR) decline of 1.2%. Since the turn of the millennium, the Japanese tourism market has experienced a marginal annual decrease of 0.2%.
Japan Tourism Innovation Articles
More about Tourism InnovationJapan Tourism Consumer Trends Articles
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Hilton Grand Vacations Embarks on a Transformative Journey in Kyoto’s Timeshare Tourism
Nov 3rd 2024
Latest reports
Japan Tourism Market Report- Q4 2024
In the fourth quarter of 2024, Japan's tourism industry saw a robust recovery, with foreign visitor numbers reaching 33.37 million, surpassing pre-pandemic levels....
Japan Tourism Market Report - Q4 2024
The fourth quarter of 2024 has been a period of remarkable growth and transformation for the tourism sector in Japan. The country has...
