— Latest update: April 2022 —
In 2020, number of foreign travelers visiting Japan has been dropped by 87.1% to 4.11 million compared with the previous year due to the impact of worldwide spread COVID-19 pandemic. However, the second half of 2021 is expected to bring a little hope to the hospitality business in Japan. Research finds that there has been a considerable movement of domestic tourists in Japan. These domestic tourists have provided much-needed relief to the bleeding hotel industry of Japan.
According to Research and Markets’ analysts’ viewpoint, the business owners, international hotel operators, investors have maintained an interest in the Japanese hotel market. They see this downturn as an opportunity to buy up distressed assets. Though most business owners, hoteliers currently prefer fixed rent lease.
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This website and related activities are managed by the EU-Japan Centre for Industrial Cooperation, a joint venture between the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) and the Japanese Government's Ministry of Economy, Trade & Industry (METI).
Hundreds of web pages with up-to-date information on Japan, more than 400 market reports and recorded webinars available as well as a lot of detailed information on Japanese business culture.