FEATURED COMPANIES
- Hoshino Resorts REIT Inc.
- Jr Hotel Group
- Tokyu Corporation
As per the analyst's 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. Before 2020, the tourism industry was on the rise in Japan before the pandemic. As per our study, there will be growth opportunity in the tourism industry during the forecast period. In order to match this growth, the big hotel chains are expanding their footprint across the country. As per this report, post-COVID-19 recovery, the Japan Hospitality Market will grow with a massive CAGR of 54.01 % during 2020-2026.
Japan has numerous hotel establishments distributed across the country, of which the mid-scale hotel segment dominates the country. Domestic tourists are its primary clientele due to the quality services offered by most mid-scale hotel segment hotels, and effective utilization of the available space has become the significant reason for this segment's rapid growth. As per our research findings, Japan Hotel Industry was US$ 1.76 Billion in 2020.
In Japan, the online hotel market targets a variety of consumer groups and that with different behaviour types with an offer that matches their needs and budget level. With the advancement in technology, the online hotel market is rising at a fast pace. On the other hand, COVID-19 has accelerated the digitization of the travel agent model; creating more shop closures as in-store agencies switch operations online, creating the downfall of the country's offline hotel booking market.
Japan is expected to see robust growth in inbound tourism during the course of time. This growth is expected to maintain its forward momentum and fuel a strong performance in the hotel industry in the coming year, fighting the global economic uncertainty. Tourism growth in Osaka has been especially notable. Tokyo stands top of the country's major cities, registering the highest number of a hotel room in Japan hotel market, with around a million tourists visiting the city. Osaka and Kyoto have witnessed rising numbers of arrivals year-on-year, constituting second and third highest hotel room-by town in the country, respectively.
Homegrown hotel companies primarily dominate the hotel industry in Japan. Domestic brands and their chains cover 90% of the total market in the country. The key players in Japan Hotel Market studied in the report are Marriott International, Inc Tokyo Corporation, JR Hotel Group, Kintetsu Group Holdings Co., Ltd. and Hoshino Resorts REIT Inc.
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, Sendai), Japan Inbound Market (Foreign Tourists, Domestic Tourists) Hotel/Companies (Marriott International, Inc, Tokyu Corporation, Jr Hotel Group, Kintetsu Group Holdings Co., Ltd., Hoshino Resorts REIT Inc.)” provides a complete analysis of Japanese Hotel Market.” provides a complete analysis of Japanese Hotel Market.
Japan Hotel Market has been covered from 5 viewpoints:
1. Market
2. 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. Tokyo
2. 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 Hotel
2. Mid-Scale Hotel
3. Budget Hotel
Ordering Platform - Japan Hotel Market have been covered from 2 viewpoints:
1. Online Hotel Booking
2. Offline Hotel Booking
Night Spend Analysis - Japan Hotel Market have been covered from 2 viewpoints:
1. Total Night Spend
2. Length of Stay - Overall, Business, Sightseeing and Leisure
Japan Inbound Market & Visitors have been covered from 2 viewpoints:
1. Foreign Tourists
2. Domestic Tourists
Purpose - Japan Tourism Market & Volume
- Tourism & Leisure
- Business
- Others
All companies have been covered from 3 viewpoints:
- Overviews
- Recent Developments
- Revenues
Company Analysis:
1. Marriott International, Inc
2. Tokyu Corporation
3. Jr Hotel Group
4. Kintetsu Group Holdings Co., Ltd.
5. Hoshino Resorts REIT Inc.
FEATURED COMPANIES
- Hoshino Resorts REIT Inc.
- Jr Hotel Group
- Tokyu Corporation
- Marriott International, Inc
- Tokyu Corporation
- Jr Hotel Group
- Kintetsu Group Holdings Co., Ltd.
- Hoshino Resorts REIT Inc.
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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