In 2023, Japan's internal tourism expenditure on tourism characteristic products stood at 18.340 trillion Japanese Yens. The forecasted data from 2024 through 2028 shows a consistent year-on-year growth: 1.29% in 2024, 1.14% in 2025, 1.10% in 2026, 1.07% in 2027, and 1.03% in 2028. The growth of 1.22% in 2024 and 1.14% in 2025 indicates a steady positive trend. Given these figures, the Compound Annual Growth Rate (CAGR) over the five-year forecasted period will be around 1.12%. This consistent upward trajectory suggests a stable expansion in internal tourism expenditure.
Future trends to watch for:
• The impact of global economic conditions on domestic tourism spending.
• Changes in consumer behavior towards tourism products driven by technological advancements and lifestyle modifications.
• Government policies and incentives aimed at boosting tourism expenditure.
• The role of sustainable tourism practices and their influence on expenditure patterns.
