All updated as on -
Forecasts show that between 2022 and 2030, the travel and tourism industry will grow to be worth USD 492.89 billion.
Japan is a valid state in the Asian region. Japan's tourism industry is a major employer and provider. It is famous for its majestic temples, royal palaces, animal sanctuaries, and bustling cities. Among Japan's 21 World Heritage Sites are Himeji Castle, the Historic Monuments of Ancient Kyoto, and Nara. Mount Fuji, ski resorts like Niseko in Hokkaido, Okinawa, riding the Shinkansen, and taking advantage of Japan's hotel and hotspring network are all popular with international visitors to Japan. There has been a quick increase in the number of frequent tourists to Japan, but the sector is still recovering and has not yet recovered to pre-pandemic levels. Increasing demand could lead to growth in the travel and tourism sector over the coming years. There are a number of factors contributing to the industry's growth, including rising urbanisation and improved access to disposable income. The travel and tourism industry is expected to grow as a result of a number of factors, including a reduction in the price of air travel, easier access to previously inaccessible but stunning locations, and rising consumer discretionary income.
This study classifies the Travel & Tourism Market into several submarkets, complete with revenue growth projections and thorough analyses of current and future trends. The study provides an in-depth analysis of the Travel & Tourism Market, including its prime growth drivers, prospects, and difficulties. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the travel and tourism market is broken down and the report's authors methodically identify and profile the leading players in each.
Motivating Elements
Japan's tourism industry is crucial to the country's economy, and recent years have seen a rise in international visitors to the country's popular tourist attractions and historic landmarks. Japan is known for its abundance of resources and the variety of opportunities it provides throughout the year. Trail running, river rafting, and marine activities, in addition to winter sports, are popular among vacationers. For instance, Japan has a strong track record of successfully organising and conducting large-scale public events. The Tokyo Summer Olympics of 2020 (which were moved to 2021 because of Covid-19) and the 1964 Summer Olympics were both held there. Japan has also played host to various international competitions, including the Asian Games and the FIFA World Cup. People can play sports of many kinds, as well as visit and learn about the area's rich cultural history and diverse wildlife. The growth of the travel and tourism industry can be attributed to the rising standards of customer satisfaction. Therefore, more people are choosing to take their vacations in growing areas as opposed to more established domestic or international hotspots.
The Travel & Tourism Industry can be broken down into the pleasure travel sector and the corporate travel sector. The leisure travel industry, in particular, is expected to expand rapidly over the coming years. The vast majority of vacationers like to break up their routine by taking trips with their friends and family. Guests are becoming increasingly curious about local cuisine and traditions when planning a trip. Adventure tourism is becoming increasingly popular with tourists. The Travel & Tourism Market is broken down into submarkets based on the different kinds of tourism that can be experienced, such as wildlife, spiritual & religious, recreational, heritage, and others. The recreational and heritage segment is expected to maintain its leading position in the industry, generating 37.8% of total revenues.
The travel and tourism industry is split between online and traditional booking channels. The electronics industry is expected to maintain its dominant market position and grow its revenue by 34.2% throughout the projection period. Vacations are popular among tourists, but for many, the journey itself is only half the fun. It is common practise to do considerable research and make a decision before purchasing travel tickets, accommodations, tours, or any other supplementary services or means of transportation. But there's no denying that the proliferation of online travel agencies has sped things up while also giving customers additional choices.
Report Coverage
Global Travel & Tourism research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Travel & Tourism report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Travel & Tourism competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Travel & Tourism market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Travel & Tourism market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Travel & Tourism market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
JTB Corporation, Nippon Travel Agency, KNT – Kinki Nippon Tourist, Magical Trip, JAPANiCAN.com, JapanQuest Journeys, Japan Gray Line, Walk Japan, OMAKASE Tour, Japan Wonder Travel, Arigato Travel
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Travel & Tourism market based on the below-mentioned segments:
Global Travel & Tourism Market, By Travel Type
Leisure Travel
Business Travel
Global Travel & Tourism market, By Tourism Type
Wildlife
Spiritual & Religious
Recreational
Heritage
Others
Global Travel & Tourism Market, By Travel Days
Within 7 Days
7-15 Days
More than 15 Days
Global Travel & Tourism market, Regional Analysis
Japan is a valid state in the Asian region. Japan's tourism industry is a major employer and provider. It is famous for its majestic temples, royal palaces, animal sanctuaries, and bustling cities. Among Japan's 21 World Heritage Sites are Himeji Castle, the Historic Monuments of Ancient Kyoto, and Nara. Mount Fuji, ski resorts like Niseko in Hokkaido, Okinawa, riding the Shinkansen, and taking advantage of Japan's hotel and hotspring network are all popular with international visitors to Japan. There has been a quick increase in the number of frequent tourists to Japan, but the sector is still recovering and has not yet recovered to pre-pandemic levels. Increasing demand could lead to growth in the travel and tourism sector over the coming years. There are a number of factors contributing to the industry's growth, including rising urbanisation and improved access to disposable income. The travel and tourism industry is expected to grow as a result of a number of factors, including a reduction in the price of air travel, easier access to previously inaccessible but stunning locations, and rising consumer discretionary income.
This study classifies the Travel & Tourism Market into several submarkets, complete with revenue growth projections and thorough analyses of current and future trends. The study provides an in-depth analysis of the Travel & Tourism Market, including its prime growth drivers, prospects, and difficulties. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the travel and tourism market is broken down and the report's authors methodically identify and profile the leading players in each.
Motivating Elements
Japan's tourism industry is crucial to the country's economy, and recent years have seen a rise in international visitors to the country's popular tourist attractions and historic landmarks. Japan is known for its abundance of resources and the variety of opportunities it provides throughout the year. Trail running, river rafting, and marine activities, in addition to winter sports, are popular among vacationers. For instance, Japan has a strong track record of successfully organising and conducting large-scale public events. The Tokyo Summer Olympics of 2020 (which were moved to 2021 because of Covid-19) and the 1964 Summer Olympics were both held there. Japan has also played host to various international competitions, including the Asian Games and the FIFA World Cup. People can play sports of many kinds, as well as visit and learn about the area's rich cultural history and diverse wildlife. The growth of the travel and tourism industry can be attributed to the rising standards of customer satisfaction. Therefore, more people are choosing to take their vacations in growing areas as opposed to more established domestic or international hotspots.
The Travel & Tourism Industry can be broken down into the pleasure travel sector and the corporate travel sector. The leisure travel industry, in particular, is expected to expand rapidly over the coming years. The vast majority of vacationers like to break up their routine by taking trips with their friends and family. Guests are becoming increasingly curious about local cuisine and traditions when planning a trip. Adventure tourism is becoming increasingly popular with tourists. The Travel & Tourism Market is broken down into submarkets based on the different kinds of tourism that can be experienced, such as wildlife, spiritual & religious, recreational, heritage, and others. The recreational and heritage segment is expected to maintain its leading position in the industry, generating 37.8% of total revenues.
The travel and tourism industry is split between online and traditional booking channels. The electronics industry is expected to maintain its dominant market position and grow its revenue by 34.2% throughout the projection period. Vacations are popular among tourists, but for many, the journey itself is only half the fun. It is common practise to do considerable research and make a decision before purchasing travel tickets, accommodations, tours, or any other supplementary services or means of transportation. But there's no denying that the proliferation of online travel agencies has sped things up while also giving customers additional choices.
Report Coverage
Global Travel & Tourism research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Travel & Tourism report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Travel & Tourism competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Travel & Tourism market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | JTB Corporation, Nippon Travel Agency, KNT – Kinki Nippon Tourist, Magical Trip, JAPANiCAN.com, JapanQuest Journeys, Japan Gray Line, Walk Japan, OMAKASE Tour, Japan Wonder Travel, Arigato Travel |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Travel & Tourism Market from 2021 to 2030.
- Market Forecast for Travel & Tourism Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Travel & Tourism competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Travel & Tourism
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Travel & Tourism market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Travel & Tourism market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
JTB Corporation, Nippon Travel Agency, KNT – Kinki Nippon Tourist, Magical Trip, JAPANiCAN.com, JapanQuest Journeys, Japan Gray Line, Walk Japan, OMAKASE Tour, Japan Wonder Travel, Arigato Travel
Primary Target Market
- Market Players of Travel & Tourism
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Travel & Tourism market based on the below-mentioned segments:
Global Travel & Tourism Market, By Travel Type
Leisure Travel
Business Travel
Global Travel & Tourism market, By Tourism Type
Wildlife
Spiritual & Religious
Recreational
Heritage
Others
Global Travel & Tourism Market, By Travel Days
Within 7 Days
7-15 Days
More than 15 Days
Global Travel & Tourism market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive travel tourism market market research and competitor analysis for your business to help you develop more profound insights into the travel tourism market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the travel tourism market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.