The forecasts for outbound tourism consumption of road passenger transport services in Japan from 2024 to 2028 suggest a gradual decline. Starting at 89.95 Billion Japanese Yen in 2024, the consumption value is expected to decrease to 80.22 Billion Japanese Yen by 2028. This represents a consistent downward trend over the years. In 2023, the consumption value stood at 92.50 Billion Japanese Yen, indicating a year-on-year decline of -2.75% from 2023 to 2024.
Year-on-year variations are as follows:
- 2024 to 2025: -2.78%
- 2025 to 2026: -2.81%
- 2026 to 2027: -2.83%
- 2027 to 2028: -2.86%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -2.81%, indicating a steady decline. Looking ahead, future trends to watch for include technological advancements in transport services, changes in global travel restrictions, environmental policies influencing transport mode choices, and shifts in tourist preferences that could impact the overall demand for road passenger transport.
