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Japan Hospitality

September 2020

Report

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 01.09.2020
  • Seiten : 6 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,10 MB
  • Sprache(n) : Englisch

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Inhalt

2020 was a year of high hopes for the Japanese hospitality market. Emboldened by the Tokyo Olympics and the rapid growth of tourism since 2013, the national government had originally aimed for 40 million overseas visitors for the year. These hopes have undoubtedly been dashed by the COVID-19 pandemic, with just four million visitors entering the country in the first half of the year – a 76.3% decline over the first half of 2019. As would be expected, the vast majority of these visitors entered the country in January and February, prior to any signifi cant border closures, with only 2,600 recorded entries in June. Indeed, Japan is eff ectively as closed off as it was during the isolationist Edo Period, creating an unprecedented challenge for hoteliers.

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