In 2023, household expenditure on accommodation services in Japan stood at 21.28 thousand Japanese Yens. Forecasted data indicates a consistent upward trend over the next five years: 21.43 thousand Yens in 2024, 21.58 in 2025, 21.73 in 2026, 21.88 in 2027, and reaching 22.02 thousand Yens in 2028. The year-on-year growth rates from 2023 to 2028 show modest increases, maintaining a stable progression. The compound annual growth rate (CAGR) over this five-year period is expected to reflect a steady average variation per year.
Future trends to watch for include potential impacts from global economic conditions, changes in domestic tourism policies, and evolving consumer preferences toward sustainable and tech-enabled accommodation options. Monitoring these factors will be crucial in understanding and predicting further changes in household expenditure on accommodation services.
