Japan Tourism Report Q2 2016
BMI View: Japan's tourism market continues to benefit significantly from the weak yen, which is attractinga large number of tourists from the region and an increasing number particularly from China. Visitornumbers are therefore set to continue increasing by 2.73% in 2016, reaching 24.1mn. The weak yen is alsocontributing to an increase in the total value of tourism receipts, of which travel items receipts represent thelargest part, showing that tourists are spending. Supporting growth in both inbound and domestic tourismis Japan's well-developed hotel market and extensive transport network, which ensure the country is wellplaced to keep up with growth. Outbound tourism, on the other hand, is set to witness a slow growth, mostlydue to the difficulties that the Japanese economy continues to experience.
Key Updates And Forecasts:
International air travel connections continue to expand. In December 2015 alone, Shenzhen Airlines haslaunched its second route to Japan, Tigerair Taiwan has added flights to Tokyo Narita and TokyoHaneda, Taiwan's V Air has launched its first service to Nagoya, All Nippon has returned to Australiawith flights to Sydney, Hong Kong Airlines launched flights to its fifth Japan destination (Kumamoto),Jetstar Japan added two more routes to Taiwan.
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