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Travel News Talk

Japan’s Hotel & Tourism Sectors Booming – Influx of Overseas Investment as Well

Since the reopening of its borders last year, Japan has seen a steady increase in arrivals giving its tourism sector a much-needed boost. This positive momentum has attracted foreign investors as well who have invested a significant amount of capital in real estate opportunities. As per data from the MSCI Real Assets research firm, the country’s hotel segment received overseas investment of close to US$691 million from January to mid-June 2023; this was a whopping increase of more than five-fold when compared with the first half of last year.

The tourist arrivals to Japan have also been significantly increasing this year and it is getting closer to pre-pandemic levels; in July 2023, it welcomed around 2,320,600 international travellers which was 78% of the figure achieved in the same month in 2019. The arrival of Chinese tourists is expected to further boost visitor numbers as more travellers look to experience the country which is also offering safe accommodation including at Sakae-based hotels in Nagoya, Japan. Centrally located properties in the downtown area here such as Travelodge Nagoya Sakae provide easy access to sightseeing, dining, entertainment, and retail hotspots which are continuing to attract tourists from around the world.