"Lodging in Japan" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Oct 21 2015

Hotels continued to perform well and current value sales increased by 17% in 2014 to reach 3 trillion. Hotels also registered strong growth in both occupancy and average daily room rates, primarily due to the strong demand from both domestic and international leisure travellers. In addition, the average daily room rates increase was partly due to the tax hike in April 2014, when the consumption tax increased from 5% to 8%.

Industry Prospects

The outlook for lodging remains positive in the forecast period. Lodging is expected to see a value CAGR of 6% at constant 2014 prices to 2019. The category will be positively impacted by the expected growth in travel demand from both domestic and international tourists. As Tokyo was chosen as the host city for the 2020 Summer Olympic Games and Paralympics, more international tourists are willing to travel to Japan. The number of inbound tourists to Japan is expected to increase by 4% to 16 million trips to 2019. The weakening of the yen and the expected economic growth in Southeast Asian countries will further boost the number of international travellers to Japan.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Japan with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Japan, our research will save you time and money while empowering you to make informed, profitable decisions.

The?Travel Accommodation in?Japan market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in Japan?
* What are the major brands in Japan?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

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