Expansion in Inbound Demand
First written in FY2024-Q3. 10 of 11 entries say "Advanced", first in FY2024. Latest entry: 2026-08-13.
The whole theme swung hardest in 2020: 5 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Spending by international visitors to Japan reached ¥9.4559 trillion, up 16.4% year on year, with accommodation accounting for the largest share at 36.6%. Visitor numbers also reached a December record and exceeded 42 million cumulatively for the year.」
Spending by international visitors reached ¥9.4559 trillion, up 16.4% year on year, while annual visitor numbers exceeded 42 million. - FY2025AdvancedAnnual report
「In fiscal 2024, the number of international visitors to Japan substantially exceeded the pre-COVID-19 record, surpassing 36 million.」
The number of international visitors exceeded 36 million in fiscal 2024, and visitor numbers in the six months through June 2025 exceeded 20 million. - FY2025-H1AdvancedAnnual report
「Spending by international visitors to Japan reached ¥8.1395 trillion, up 53.4% year on year, a record high for a calendar year. Spending in the October–December 2024 quarter also reached a record ¥2.3108 trillion, up 37.3% year on year.」
Spending by international visitors to Japan reached record highs both for the calendar year and for the quarter. - FY2024AdvancedAnnual report
「The number of international visitors to Japan exceeded 3 million for the fourth consecutive month in June 2024, reaching a record 3.135 million for a single month.」
Inbound demand continued to grow, with monthly visitor numbers exceeding 3 million for four consecutive months and reaching a record high. - FY2024-Q3First statedAnnual report
「In the tourism industry, consumption of experience-based services such as accommodation by visitors to Japan increased, driving growth in inbound demand in Japan’s domestic tourism industry (Source: Japan Tourism Agency, Ministry of Land, Infrastructure, Transport and Tourism, “Consumption Trend Survey for Foreigners Visiting Japan”). The number of international visitors to Japan also reached a record high for a single month in March 2024, exceeding 3 million for the first time (Source: JNTO, “Visitor Arrivals to Japan, March 2024 Estimate”).」
The business environment reflects rising consumption of accommodation and experience-based services by visitors to Japan, as well as an increase in visitor numbers.