Forecast: Inbound Tourism Expenditure on Food and Beverage Serving Services in Japan

The inbound tourism expenditure on food and beverage serving services in Japan stood at 1,326.5 billion Japanese Yen in 2023. The journey from 2013 to 2023 witnessed a significant growth pattern, with notable year-on-year variations like a dramatic drop in 2020 due to the pandemic. Post-2020, a recovery is evident with a growth resurgence in 2021, alongside consistent growth from 2022. The Compound Annual Growth Rate (CAGR) from 2019 reflects a slightly moderated pace at 5.29% to 2023.

Looking forward, the forecast projects a more tempered annual growth rate around 3.43%, translating into a cumulative 18.37% uptick by 2028. Future trends to monitor include shifting tourist preferences and the impact of global economic fluctuations, which may influence the demand for food and beverage spending in Japan.