Analysis of Domestic Tourism Expenditure on Road Passenger Transport Services in Japan displays a slight downward trend from 2024 to 2028. The values for these years forecast a decrease from 609.69 billion Japanese Yen in 2024 to 604.91 billion Japanese Yen in 2028. This suggests an approximate year-on-year decline of 0.2% to 0.3% over the period. For reference, the expenditure in 2023 stood above 610 billion Yen. The Compound Annual Growth Rate (CAGR) over the next five years reflects a steady decline of around 0.2% per year.
Future trends to watch for include:
- Potential impacts of fuel prices and economic conditions on transport costs.
- Shifts in domestic tourism habits, such as increased remote work and shorter trips.
- Technological advancements in transport services, including the rise of electric vehicles and ride-sharing applications.
- Government policies promoting sustainable tourism and transportation.