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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels (5-Star Plus) in Japan

14 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Luxury hotels posts a positive performance in 2017

Luxury hotels in Japan posted growth in 2017, thanks to the growing number of international tourists and increased interest in luxury travel. According to Japan Tourism Agency, the number of both domestic and international travellers increased in 2017, due to the recovering domestic economy and stronger interest in Japan as a travel destination.

Inbound tourism benefits luxury hotels in 2017

Arrivals continue to increase, reaching 24 million in 2016; a 22% increase compared with the previous year, according to Japan Tourism Agency. There was a slight shift amongst international travellers, who tended to spend more on experiences rather than shopping for luxurious designer brands.

Growth is expected, but there are potential hurdles

Luxury hotels is expected to maintain steady growth in the forecast period, with the 2020 Tokyo Olympics having a positive influence. The government is actively trying to appeal to international tourists so that they revisit Japan even after 2020; it has a target of 40 million international travellers in 2020.

COMPETITIVE LANDSCAPE

Luxury hotels actively invest in Japan

Hilton Group announced the opening of its highest grade hotel, Waldorf Astoria Hotels & Resorts, in Tokyo by 2020, with future expansion plans to other cities and resorts. In 2017, Hilton opened Conrad Osaka; the second Conrad hotel after Tokyo, which opened in 2005.

Domestic luxury hotels

Imperial Hotel is one of the major luxury hotels in Japan, with a history dating back to 1980. Thanks to the increasing number of international travellers and business use, the Imperial Hotel has an 83% occupancy rate and a rising average daily room rate.

Osaka is a popular tourist destination

Osaka is another popular tourist destination in Japan. InterContinental Hotels Group established a joint company with All Nippon Airways, namely IHG ANA Hotels Group Japan, to manage casual to luxury hotels.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Japan with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Japan, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Japan market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Japan?
What are the major brands in Japan?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Japan

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury hotels posts a positive performance in 2017

Inbound tourism benefits luxury hotels in 2017

Growth is expected, but there are potential hurdles

COMPETITIVE LANDSCAPE

Luxury hotels actively invest in Japan

Domestic luxury hotels

Osaka is a popular tourist destination

Overview

Why buy this report?

SAMPLES

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Overview

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Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Japan

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury hotels posts a positive performance in 2017

Inbound tourism benefits luxury hotels in 2017

Growth is expected, but there are potential hurdles

COMPETITIVE LANDSCAPE

Luxury hotels actively invest in Japan

Domestic luxury hotels

Osaka is a popular tourist destination

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Why buy this report?

Want to find out more about this report?

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