In 2023, the internal tourism consumption of accommodation services for visitors in Japan stood at 6.2300 trillion Japanese Yens. The forecasted values indicate a consistent increase from 2024 to 2028. Year-on-year percentage variations illustrate a steady growth: 2024 expects an increase of 1.88%, 2025 anticipates a 1.85% rise, 2026 forecasts a 1.78% growth, 2027 predicts a 1.72% ascent, and 2028 projects a 1.65% increment. The Compound Annual Growth Rate (CAGR) over this period is approximately 1.77%.
Future trends to watch for include:
- Potential impact of global economic conditions on tourism spending.
- Technological advancements in hospitality services that could influence consumer preferences.
- Policy and infrastructural developments aimed at boosting domestic tourism in Japan.
