The forecast for outbound tourism consumption of accommodation services in Japan shows a steady growth from 2024 to 2028, with values increasing from 977.09 billion Japanese Yens in 2024 to 1020.0 billion Japanese Yens in 2028. This indication represents a year-on-year growth of approximately 1-2% each year.
As of 2023, the actual consumption value stood at 965.0 billion Japanese Yens, indicating a consistent upward trend entering 2024. Observing the variation over the past two years, there's a clear incremental growth, suggesting a predictable and stable increment.
The CAGR calculated over the last five years shows an average annual growth rate of around 1.38%, highlighting a moderate but persistent increase in the outbound tourism sector for accommodation services.
Future trends to watch for include potential impacts from global economic conditions, travel preferences, and emerging destinations. Monitoring these variables will be essential in assessing whether this growth pattern will continue or if it will experience disruptions.
