The inbound tourism expenditure on tourism-related products in Japan for 2024 is projected at 2.1027 trillion Japanese Yen, increasing to 2.4585 trillion Yen by 2028. This marks a continuous upward trend from an actual expenditure in 2023, which stood at 2.014 trillion Yen.
- Year-on-year variation from 2023 to 2024: +4.40%
- Year-on-year variation from 2024 to 2025: +4.36%
- Year-on-year variation from 2025 to 2026: +4.09%
- Year-on-year variation from 2026 to 2027: +3.85%
- Year-on-year variation from 2027 to 2028: +3.63%
The compounded annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 3.90%.
Future trends to watch for include the influence of geopolitical stability on international travel, advancements in travel technology, and Japan's efforts in marketing and infrastructure improvements to boost inbound tourism. Additionally, fluctuations in the global economy and changing traveler preferences may also significantly impact expenditure trends.
