Forecast: Household Expenditure on Restaurants and Hotels in Japan

In 2023, household expenditure on restaurants and hotels in Japan stood at 23.141 trillion Japanese Yen. For 2024, the forecast is 23.202 trillion, representing a year-on-year increase of 0.26%. The values for the subsequent years indicate a steady upward trend: 23.264 trillion in 2025 (0.27% increase), 23.325 trillion in 2026 (0.26% increase), 23.386 trillion in 2027 (0.26% increase), and 23.445 trillion in 2028 (0.25% increase).

The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2023-2028) is minimal, reflecting a stable yet slow growth trend in household expenditure on restaurants and hotels.

Future trends to watch for include:

- Shifts in consumer behavior influenced by demographic changes.

- Impact of economic policies and inflation on household spending.

- Innovations in the hospitality and dining sectors, such as digital transformations and sustainability initiatives.

- Resurgence in tourism post-pandemic and its effect on local spending.