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“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 book their hotels through online mediums to the region, mostly inTokyo,Osaka,Kyoto, andNagoya. However, inJapanhotel industry, Midscale hotels are facing oversupply conditions, and this is likely to persist going forward.
Growing Traveler Demand
Strong Demand Conditions
Japan’sHotel Industry Newcomers Entery
Identifying the Underlying Issues
Hotel Type – Mid-scale Hotel Market Dominates in the Japan Hotel Market
The report studies the market of the following hotel segments: High End, Mid Scale, and Budget. Mid Scale hotel controls the largest market share in this market place
Ordering Platform – Online Hotel Booking Market is Steadily Growing
The online hotel booking market is steadily increasing in the hotel industry inJapan. This study includes
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