40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT …...Tokyo Singapore London Occupancy 88% Occupancy 84%...
Transcript of 40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT …...Tokyo Singapore London Occupancy 88% Occupancy 84%...
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MARKET
IN
MINUTES
Savills ResearchJapan
Hotel MarketSnapshot November 2019
40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT FROM JAPAN'S
EVENTS CALENDAR?
LIVETRANSLATION
DEVICE
AUTOMATEDTAXI
WHEELCHAIR-FRIENDLYTOURISM
RUGBY WORLD CUP 2019
JAPAN HAPPENING
SUMMEROLYMPICS
2020
AIRPORT EXPANSIONS
TOKYO: NARITA INTERNATIONAL
AIRPORT AND HANEDA INTERNATIONAL AIRPORT (2020)
OSAKA: KANSAI INTERNATIONAL AIRPORT (2025)
WORLDEXPO
OSAKA 2025
POTENTIAL INTEGRATED
RESORT (CASINO) DEVELOPMENT
Raymond ClementManaging DirectorAsia Pacific+65 6415 [email protected]
Julien NaouriDirectorAsia Pacific+65 6415 [email protected]
Tomotsugu IchikawaDirectorJapan+81 3 6777 [email protected]
Please contact us for further information
Savills Hotels Team*Target
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Contribution to GDPTourism Inbound and Spending
Ranking of Inbound Country Sources (January - September 2019)
TOURISM INDICATORS
31.2 MILLION
INBOUND
2020
40 MILLION
JPY8,000BILLION
US$72.4BILLION
RECEIPTS
TARGET
US$40.7BILLION
JPY4,500BILLION
2018
RECEIPTS
INBOUND
JPY 40,604 Billion
US$367.7 Billion
7.4%of all economic activity in Japan
3rdlargest Travel & Tourism economy in the world (2019)
Source: JNTO (Japan National Tourist Organization) Note: JPY/USD = 110.43
Source: JNTO (Japan National Tourist Organization)
Source: WTTC
14.8%7.4million
30.3%of total Growth
20.2%4.9million
-13.4%Growth
15.3% 1.3%3.7million of total Growth
6.8% 0.0%1.7million of total Growth
5.2% 13.2%1.3million
of total
of total Growth
CHINA
KOREA
TAIWAN
USA
HONGKONG
Hotel Room SupplyKey Hotel Performance Indicators 2018
Yield Range
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HOTEL MARKET
Tokyo Singapore London
Occupancy 88%
Occupancy 84%
Occupancy 83%
20
22
Est
.
7,787
AdditionalRoom Supply
Room Growth
0.7%Source: STR
Source: Savills Research
Source: Hoteres, news articles, the Ministry of Health, Labour and Welfare, Savills Research & Consultancy
ADR (US$)
172.01
198.24
201.63
Tokyo: 3.5% - 3.9%
Osaka & Kyoto: 4.0% - 4.5%
Yokohama, Nagoya, Fukuoka, Sapporo & Okinawa: 4.6% - 5.0%
Other Regional cities : 5.1% - 5.5%
20
192
02
0E
st.
20
21
Est
.
54,868
AdditionalRoom Supply
Room Growth
5.7%
46,329
AdditionalRoom Supply
Room Growth
4.6%
10,692
AdditionalRoom Supply
Room Growth
1.0%