PROSPECTS AND OPPORTUNITIES
New hotel openings will support growth for luxury hotels
The increase in inbound tourism at the end of the review period has led to a surge in lodging facilities in Japan. In 2024, the opening of luxury hotels has continued, such as Janu Tokyo, Six Senses Kyoto, and Banyan Tree Higashiyama Kyoto.
Government push towards Japan as a tourist nation will change experiential luxury
In 2024, the Japanese government disclosed the goal of reaching 60 million international visitors, and travel spending of JPY15 trillion in 2030; according to recent statistics, it is on track to meet these targets. This offers a great deal of potential for hospitality players, including those in luxury hotels.
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Overview:
Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Japan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Japan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Experiential Luxury in Japan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Experiential Luxury in Japan?
- Which are the leading brands in Experiential Luxury in Japan?
- How are products distributed in Experiential Luxury in Japan?
- How important is tourism in evaluating demand for Experiential Luxury in Japan?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Experiential Luxury in Japan - Category analysis
KEY DATA FINDINGS
Luxury foodservice drives growth in experiential luxury, thanks to new openings
Armani leads experiential luxury with an award-winning restaurant
Interest in wellness and self-care creates opportunities for players in experiential luxury
New hotel openings will support growth for luxury hotels
Government push towards Japan as a tourist nation will change experiential luxury
Luxury Goods in Japan - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Experiential Luxury
- Luxury Foodservice
- Luxury Hotels
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsWhy 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
This report originates from Passport, our Experiential Luxury research and analysis database.
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