The share of travel services in Japan's services exports in 2023 stood at 5.3%. Forecasted data shows a gradual increase from 5.32% in 2024 to 5.4% in 2028. The year-on-year variation between 2024 and 2025 is 0.38%, and between 2025 and 2026, it is 0.37%. Between 2026 and 2027, it shows a 0.37% increase, and from 2027 to 2028, there is a 0.37% rise. The average annual growth rate (CAGR) over the five years from 2024 to 2028 is projected to be approximately 0.37% per year.
Future trends to watch for:
- Impact of global economic recovery post-pandemic on travel services.
- Changes in consumer behavior towards sustainable travel options.
- Technological advancements enhancing travel and tourism experiences.
- Government policies promoting international tourism to Japan.
