Japan Hotel Market Analysis to 2025: The Mid-scale Hotel Market Dominates in Japan

This is one smart ingredient!!

DUBLIN,Dec. 19, 2019/PRNewswire/ — The “Japan Hotel Market, Volume & Forecast by Type, Ordering Platform (Online, Offline), Region, Hotel/Company” report has been added toResearchAndMarkets.com’soffering.

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

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

The continued growth in inbound demand is driving the development of new hotels acrossJapan. Across the 9 major cities inJapan, 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 wiseKyotowill have the highest ratio of new rooms, followed byOsaka&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 inJapan– 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 inJapanis a significant contributor to the rapid development of the financial community. Foreign and domestic tourists inJapanare more likely to boo

Meet this clever add-on.

Read full article at the Original Source

Copyright for syndicated content belongs to the Linked Source