40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT …...Tokyo Singapore London Occupancy 88% Occupancy 84%...

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1 savills.com.sg/research MARKET IN MINUTES Savills Research Japan Hotel Market Snapshot November 2019 40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT FROM JAPAN'S EVENTS CALENDAR? LIVE TRANSLATION DEVICE AUTOMATED TAXI WHEELCHAIR- FRIENDLY TOURISM RUGBY WORLD CUP 2019 JAPAN HAPPENING SUMMER OLYMPICS 2020 AIRPORT EXPANSIONS TOKYO: NARITA INTERNATIONAL AIRPORT AND HANEDA INTERNATIONAL AIRPORT (2020) OSAKA: KANSAI INTERNATIONAL AIRPORT (2025) WORLD EXPO OSAKA 2025 POTENTIAL INTEGRATED RESORT (CASINO) DEVELOPMENT Raymond Clement Managing Director Asia Pacific +65 6415 7570 [email protected] Julien Naouri Director Asia Pacific +65 6415 7583 [email protected] Tomotsugu Ichikawa Director Japan +81 3 6777 5184 [email protected] Please contact us for further information Savills Hotels Team *Target

Transcript of 40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT …...Tokyo Singapore London Occupancy 88% Occupancy 84%...

Page 1: 40 MILLION ARRIVALS IN 2020* WHAT TO EXPECT …...Tokyo Singapore London Occupancy 88% Occupancy 84% Occupancy 83% Est. 22 7,787 Additional Room Supply Room Growth 0.7% Source: STR

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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

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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%