Japan Hotel Market, Volume & Forecast by Type, Company Analysis By 2026

The year 2020 was a very devastating year across the world for tourism industry due to COVID – 19 pandemic. Globally, borders were sealed and remained effectively closed for foreign tourists. But, the second half of 2021 is expected to bring a little hope to the hospitality business and that brings hope for Japan as well. Our research finds that there has been a considerable movement of domestic tourists in Japan. These domestic tourists have provided much needed relief to the bleeding hotel industry of Japan. We also believe that Japan hospitality market will reach its pre-COVID level by the end of year 2022. According to Renub Research new report, Japan Hotel Market is expected to reach US$ 23.49 Billion by 2026.

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