The forecasted domestic tourism expenditure on sports and recreation services in Japan shows a steady upward trend from 2024 to 2028. In 2023, the expenditure stood at 732.41 billion Japanese Yens. The year-on-year variations are as follows: 2024 sees a 1.69% increase, 2025 a 1.65% increase, 2026 a 1.60% increase, 2027 a 1.54% increase, and 2028 a 1.49% increase. This indicates an average annual compound growth rate (CAGR) of approximately 1.59% over the five-year period.
Future trends to watch for:
- Potential impact of global sports events hosted in Japan.
- Increased interest in domestic tourism driven by government initiatives.
- Technological advancements in sports and recreation amenities.
- Changing demographics and preferences among younger tourists.
- Impact of economic factors and consumer confidence on discretionary spending.
