New-year travel in Japan forecast to rise but not surpass pre-pandemic levels
The number of holidaymakers in Japan making domestic trips during the New Year vacation period is expected to rise by 3 million from a year earlier but remain at 71.8% of pre-pandemic levels, or 21 million people, according to travel agency projections released this month.
Major Japanese travel agency JTB Corp. partially attributed the expected increase from the 2021/2022 holiday period to people having a lower psychological barrier to travel during the coronavirus pandemic.
The less than full-fledged recovery in travel was likely the result of rising prices of goods and services as well as efforts to limit outdoor activities during the ongoing “eighth wave” of virus infections, according to the company.
In the 2019/2020 New Year period, the last before the pandemic began in spring 2020, an estimated 29.27 million people made domestic trips.
JTB projected the number of people who would make at least one overnight stay at travel destinations between Dec. 23 and Jan. 3, 2023, based on an online questionnaire conducted in November and available reservation data.
Average travel spending is expected to rise 12.1% from the previous year to ¥37,000 ($275) per person, with an increase in family trips and travel involving two- to four-night stays.
Solo trips, which saw greater incidence during the pandemic, are projected to decrease.
The number of holidaymakers from Japan making overseas trips during the New Year vacation period is also expected to soar more than sevenfold from the previous year to 150,000 people, but that would still be less than 20% of the level seen during the 2019/2020 period.
Likely affecting the slow recovery are the rapid weakening of the Japanese yen against the U.S$. this year and soaring surcharges on international flights on the back of higher oil prices. Both make overseas travel more expensive for people in Japan.
According to travel agency HIS Co., its November data showed a roughly 19-fold increase in the number of people making overseas travel bookings for Dec. 24 to Jan. 3, 2023, compared with the previous fiscal year. The total, however, still only amounted to about 20% of that in fiscal 2019.
The most popular destination during the current cycle is Seoul, followed by Honolulu and Bangkok, the company said.
Kalra Anil
We are a private investment banking firm offering equity financing and mortgages. The larger the loan, the more likely the funding. We are not looking for but will consider J.V. depending on the strength of the project.
We also offer credit advisory services to positively impact fiduciary attractiveness which enables our borrowers to qualify for increasing loan amounts throughout the lending process. Thus, our borrowers can qualify for almost any amount of funding they seek.
Please send a 1-2 page summary describing your project along with how much funding you seek to kalra.anil@wealthfunders.org and if it's a fit, we will reach out to you for more information. Please keep the summary succinct.
Warm Regards
Kalra Anil
ReplyTo: kalra.anil@wealthfunders.org
Cero_fjOi
DreamHost: DreamHost is a well-established hosting provider, known for its solid uptime and fast-loading websites. They offer a wide range of hosting options, including shared, VPS, and dedicated hosting.
Siteground: Siteground is known for its exceptional speed and advanced security features. They provide excellent customer support, automatic backups, and a user-friendly interface. [url=http://webward.pw/]http://webward.pw/[/url].
icnfbihkj
New-year travel in Japan forecast to rise but not surpass pre-pandemic levels
[url=http://www.goo7872p19h430026q1o72vxlnjfmw9js.org/]uicnfbihkj[/url]
<a href="http://www.goo7872p19h430026q1o72vxlnjfmw9js.org/">aicnfbihkj</a>
icnfbihkj http://www.goo7872p19h430026q1o72vxlnjfmw9js.org/