Japan’s Outbound Tourism Market to Surpass a Valuation of US$ 98,187 Million by 2032 on the Back of Rising Popularity Leisure Travel – Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / 25 January 2023 / According to Future Market Insights, Inc., the Japanese outbound tourism market US$ 32,584 Million in 2022. According to FMI’s report, sales are likely to increase strongly. 11.7% CAGR Market valuation between 2022 and 2032 US$ 98,187 Million until 2032

The growing popularity of leisure travel, the increasing number of Japanese seeking medical treatment in countries such as the USA and China, and positive government support are some of the key factors driving Japan’s foreign tourism market.

A record 20.1 million Japanese traveled abroad in 2019. With a market share of 18.7%, the United States has become one of the most popular travel destinations for Japanese tourists. The second largest source of foreign tourists to the United States was Japan, with 3.8 million visitors spending $12.9 billion there.

There are three major holiday seasons in Japan: Golden Week, Obon, and from the last week of the year to New Year’s week. At the end of April or the beginning of May, there is Golden Week, a period when many people choose to travel abroad. These public holidays are sometimes extended by tourists to holidays of five to nine days.

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Around August 15, the Obon holiday coincides with the summer break for Japanese schools. As a result, August is the busiest travel month in Japan. Finally, the New Year holiday, the last week of December and the first week of January, is a popular time for overseas travel as many Japanese businesses and organizations close their doors. All these holidays offer great opportunities for the American travel industry to attract Japanese tourists.

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Similarly, increasing digitalization and fast internet penetration coupled with the growing influence of social media is expected to boost the outbound tourism market in Japan over the next decade.

Future Market Insights, Inc., Wednesday, January 25, 2023, Press release image

The Japanese government is making sincere efforts to stimulate the country’s outbound tourism market. “This is expected to create lucrative growth prospects for leading outbound tourism companies.” says a leading FMI analyst.

Key Takeaways:

  • The size of the outbound tourism market in Japan is expected to grow at a CAGR of 11.7% by 2032.
  • On the basis of the reservation channel, the online reservation segment is expected to have a significant share of approximately ~75.%.
  • From an age group perspective, the 36-45 age segment will continue to gain momentum until 2032.
  • The USA remains the most preferred foreign tourism destination for Japanese tourists.

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Who’s winning?

Leading players in Japan’s outbound tourism market One Life Adventures, On the Go tours, Supera Tours, Bamba, Europamundo, Agate Travel, Learning Journeys, INTRO Travel, Trafalgar, Striking Tours, The Dragon Trip, Interpid Travel, Expedia, Trip Advisor, Explore, G Adventures and World Expeditions and more.

Get More Valuable Insights

In its new presentation, Future Market Insights presents an unbiased analysis of the Japan Outbound Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032.

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Study reveals interesting insights about Japan Outbound Tourism Market by Purpose Type (Business, Leisure, VFR and Others), Booking Channel (Phone Booking, Online Booking and In-person Booking), Tour Type (Independent Traveler, Package Traveler and Tour Group) . , Age Group (15-25 Ages, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years)- 2017 – 2032 Estimate.

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table of contents

1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Travels?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism to GDP
1.1.4. Direct Contribution of Tourism to Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations

2. Market Promotion
2.1. Total Spend (Million Dollars) and Forecast (2022-2032)
2.2. Number of Passengers (Mn) and Forecast (2022-2032)
2.3. Annual Total Spending Growth Forecasts (2022-2032)
2.4. Passenger Number Annual Growth Forecasts

3. Global Tourism Industry Analysis
3.1. Overview of the Tourism Sector
3.1.1. Contribution of Travel and Tourism Sector to Global GDP Business Expenditures and Leisure Spending Domestic v/s Foreign Direct, Indirect and Stimulated
3.1.2. Contribution of the Travel Industry to Global General Employment
3.1.3. Travel and Tourism Growth Rate

Learn More

Explore the Broad Travel and Tourism Market Views of FPAs

Hong Kong Outbound Tourism Market Size: It is estimated that the Hong Kong outbound tourism market will reach US$483.0 Million in 2022. Sales in the Honk Kong outbound tourism market are expected to increase from 2022 to 2032 with a strong CAGR of 8.5%.

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France Outbound Tourism Market Share: The French outbound tourism market is estimated to be ~US$33.9M in 2022 and ~51.6 in 2032 with a CAGR of ~4.3% from 2022 to 2032 It is estimated to reach millions of US dollars.

US Outbound Tourism Market Analysis: The US outbound tourism market is estimated at US$101,697.0M in 2022 and is projected to reach US$458,986.8M by 2032

Russia Outbound Tourism Market Forecast: It is estimated that the Russian outbound tourism market will reach 27,101 Million US Dollars in 2022.

Outbound Medical Tourism Market Trend: It is estimated that the outbound medical tourism market will reach US$197.5 Billion in 2022.

Future Market Insights, Inc. About

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SOURCE: Future Market Insights, Inc.

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