Japan $26.8 Billion Hotel Market to 2025 by Volume & Forecast by Type, Ordering Platform (Online, Offline), Region, Hotel/Company – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Japan Hotel Market, Volume & Forecast by Type, Ordering Platform (Online, Offline), Region, Hotel/Company” report has been added toResearchAndMarkets.com’soffering.

Japan Hotel Market is expected to be 26.8 Billion by the end of the year 2025.

Japan hotel industry has grown considerably in recent years, as the demand for hotel rooms is rising on the back of increasing inbound tourism in Japan.

The continued growth in inbound demand is driving the development of new hotels across Japan. Across the 9 major cities in Japan, it’s predicted that between 2019 and 2021, the number of hotel rooms opening has increased 2.5 times over the past year, from around 30,000 to 80,000. City wise Kyoto will have the highest ratio of new rooms, followed by Osaka & Tokyo.

The Japanese government aims to attract 40 Million foreign tourists by 2020 and 60 Million by 2030. As several major events are set to take place in Japan – the Rugby World Cup (2019), Tokyo Olympics and Paralympics (2020), the Osaka-Kansai World Expo (2025). Besides, change in work style reform such as 4 days working, the increase in leisure time, “workstations” (working while on vacation), etc. will generate new domestic demand.

Moreover, with the assistance of internet hotel booking, the high-end hotel and mid-scale hotel in Japan is a signifi

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