In 2023, the internal tourism consumption of tourism-related products in Japan stood at 9.804 trillion Japanese Yens. The forecasted data shows a consistent year-on-year increase from 2024 to 2028. The consumption values are expected to rise from 9.8599 trillion in 2024 to 10.099 trillion by 2028. This steady growth indicates an average annual compound growth rate (CAGR) over the five years of approximately 0.75%.
Year-on-Year Variations:
- 2024: 0.56% increase from 2023
- 2025: 0.63% increase from 2024
- 2026: 0.61% increase from 2025
- 2027: 0.59% increase from 2026
- 2028: 0.58% increase from 2027
Future trends to watch for include the potential impact of technological advancements in tourism, such as the adoption of AI and personalization, and the effect of global economic conditions, such as exchange rates and international travel policies, on domestic tourism consumption.
