Japan Hotel Market is expected to reach US$ 26.92 Billion by 2028, according to the publisher. Japan, a remarkable tourist destination, boasts an array of unparalleled experiences that cannot be found elsewhere. Japan's culture mixes Eastern traditions with Western modernism, producing a compelling ambience that pervades all aspects of daily life. Japan is one of the world's oldest cultures, with a rich history extending back to ancient times and a fascinating diversity. This creates an unpredictable demand for hotels industry for tourists.Japan Hotel Market was valued at US$ 12.72 Billion in 2022
Looking towards the future, once the COVID-19 pandemic subsides, Japan is poised to regain its position as a top travel destination. It holds the first rank among experienced travelers residing in Asia and the second rank among those living in Europe. After more than two years of isolation, Japan fully lifted pandemic-related travel restrictions in early October, which led to a significant increase in visitor numbers. Japan is encouraged by its government incentives such as ‘Go-To-Travel’. The Japan hotel sector is thriving as a result of the flood of tourists from all over the world. Japan's rich culture, stunning scenery, and unique experiences continue to draw travelers, and housing demand is increasing. There are lots of alternatives to suit every taste and budget, from luxurious hotels in bustling cities to quaint inns in gorgeous countryside. Japan Hoteliers are constantly innovating to provide superior services and amenities to ensure a memorable stay for guests. The prosperity of this industry not only promotes tourism but also contributes to the economy as a whole, making Japan an even more attractive tourist destination. As a result, Japan Hotel Market was valued at US$ 12.72 Billion in 2022.
The Japan Hotel Market is expected to grow at a CAGR of 13.30% between 2022 and 2028.
The Japan hotel market has expanded significantly, not just in large cities like Tokyo, but also in villages and small towns. As a consequence, the hotel industry felt less obligated to actively pursue customers. Domestic visitors, on the other hand, have emerged as a much-needed source of relief for Japan's beleaguered hotel business. The tenacity and interest in the Japanese hotel sector have continually piqued the curiosity of business owners, the global hospitality industry, and entrepreneurs alike.In March 2023, private equity firm KKR and Hong Kong-based Gaw Capital Partners struck a deal to buy the Hyatt Regency Tokyo from Odakyu Electric Railway Company, Ltd. The luxurious hotel will be purchased for an undisclosed fee in Tokyo's downtown Shinjuku special district. Odakyu Electric Railway Company, Ltd. forecasts a profit of JPY 50 billion (about US $380 million) as a consequence of this deal. The 746-room Hyatt Regency Tokyo is ideally placed near Shinjuku Central Park and the Tokyo Metropolitan Government office. It was initially built in 1980.
The mid-range hotel industry in Japan is booming, providing the diverse needs of guests.
The Japan hotel market is divided into three categories: high-end hotels, mid-scale hotels, and budget hotels. One of Japan's most appealing features is its diversity and gorgeous scenery. Visitors come from all over the world to see Japan's numerous attractions, which range from towering mountains to breathtaking views. The Japanese people place a high importance on their natural environment, which makes them even more desirable to visitors. Mid-range hotels have grown in popularity as travellers seek pleasant and economical lodging. These hotels provide pleasant rooms, handy facilities, and attentive service at affordable costs, striking a balance between cost and quality. These mid-range hotels, which thrive not just in major cities but also in lesser-known areas, provide for cost-effective exploration of Japan. This expansion illustrates the industry's dedication to addressing changing visitor needs and providing accessible and pleasurable travel experiences for everyone.The growing luxury hotel sector in Japan combines beauty with Japanese hospitality, providing an enthralling combination of modern luxury and traditional characteristics. These magnificent hotels offer selective guests outstanding service, sumptuous facilities, and breathtaking design, resulting in immersive experiences. These luxury hotels provide doorways to unique experiences, from Tokyo's lively metropolis to Kyoto's serene environs.
Online ordering is transforming Japan's hotel industry and redefining lodging booking processes.
The Japanese hotel sector provides both offline and online ordering channels, allowing guests to discover, compare, and book hotel rooms from the comfort of their own homes. This change has simplified the booking process and given clients more alternatives. Hotels in Japan have embraced digital transformation to attract tech-savvy guests, establishing user-friendly websites and smartphone applications. The online ordering trend has increased the Japanese hotel sector's transparency, competition, and accessibility, allowing travelers to make educated selections and choose the best lodging for their requirements.Key Players
Marriott International, Inc., Tokyu Corporation, Park Hyatt Tokyo, Intercontinental Hotels Groups, Kintetsu Group Holdings Co. Ltd., and Hoshino Resorts REIT Inc. are important participants in Japan's hotel business, with a varied variety of exquisite and well-known hotel brands.Bulgari Hotels & Resorts announced the opening of the Bulgari Hotel Tokyo at 2-2-1 Yaesu, Chuo-ku, in April 2023. This will be the eighth jewel in the portfolio of Bulgari Hotels & Resorts, bringing the legendary Italian contemporary flare and charm to Japan's vibrant city.
This report titled “Japan Hotel Market, Volume & Forecast by Type (High End, Mid-Scale, Budget) Ordering Platform (Offline, Online), Region (Tokyo, Kyoto, Osaka, Sapporo, Fukuaka, Nagaya, Hiroshima, Naha and Sendai), Hotel/Companies (Marriott International, Inc., Tokyu Corporation, Park Hyatt Tokyo, Intercontinental Hotels Groups, Kintetsu Group Holdings Co. Ltd., and Hoshino Resorts REIT Inc.)” provides a complete analysis of Japanese Hotel Market.” provides a complete analysis of Japan Hotel Market.
Japan Hotel Market has been covered from 5 viewpoints:
1. Market2. Volume
3. ADR (Average Daily Rent Per Night)
4. REVPAR (Per Room per Night)
5. Occupancy Rate
Region - All the Top 9 Cities have been covered from above mentioned 5 viewpoints
1. Tokyo2. Kyoto
3. Osaka
4. Sapporo
5. Fukuaka
6. Nagaya
7. Hiroshima
8. Naha
9. Sendai
Hotel Type - Japan Hotel Volume & Market have been covered from 3 viewpoints:
1. High-End Hotel2. Mid-Scale Hotel
3. Budget Hotel
Ordering Platform - Japan Hotel Market have been covered from 2 viewpoints:
1. Online Hotel Booking2. Offline Hotel Booking
All companies have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue
Company Analysis:
1. Marriott International, Inc.2. Tokyu Corporation
3. Park Hyatt Tokyo
4. Intercontinental Hotels Groups
5. Kintetsu Group Holdings Co. Ltd.
6. Hoshino Resorts REIT Inc
Table of Contents
Companies Mentioned
- Marriott International, Inc.
- Tokyu Corporation
- Park Hyatt Tokyo
- Intercontinental Hotels Groups
- Kintetsu Group Holdings Co. Ltd.
- Hoshino Resorts REIT Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 12.72 Billion |
| Forecasted Market Value ( USD | $ 26.92 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Japan |
| No. of Companies Mentioned | 6 |
