The forecast for internal tourism consumption of road passenger transport services in Japan shows a steady decline from 2024 to 2028. Starting at 602.14 billion Japanese Yen in 2024, it declines to 581.64 billion Japanese Yen by 2028. Given that we are in 2024, the year-on-year variations demonstrate a continuous downward trend, with the consumption decreasing by approximately 0.88% each year. The compound annual growth rate (CAGR) over this forecast period is negative, indicating an average annual decline over the five years.
Trends to watch for in the future include the impact of emerging transportation technologies (e.g., autonomous vehicles), changing consumer travel preferences, and potential shifts in tourism patterns due to external factors such as economic conditions and global events. These factors could either mitigate or exacerbate the current declining trend in the internal tourism consumption of road passenger transport services in Japan.
