Japan’s Travel & Tourism industry is forecast to stage a complete recovery following last year’s earthquake and tsunami during the first half of 2012.
A new report by the World Travel & Tourism Council (WTTC), its fourth and final report since the earthquake of 11 March 2011, forecasts the full recovery of international tourism demand during the first half of 2012, having initially fallen 62% in April 2011.
According to WTTC, Japan’s Travel & Tourism industry is set to directly contribute JPY10,276 billion ($129 billion) in 2012, marginally above the JPY10,246 billion ($128.5 billion) in 2010. This followed a fall of 3.9% in 2011 due to the earthquake and tsunami.
David Scowsill, President & CEO of WTTC said: “Japan is the third largest Travel & Tourism economy in the world so its health is of crucial importance to our industry across the globe. Japan’s Travel & Tourism recovery has been much better than anyone could have anticipated 12 months ago. With help of a forceful marketing strategy, Japan is open and ready for business. Domestic travel recovery strongly last year and 2012 is forecast to be the year for full recovery of international visitors.
“It is particularly fitting that WTTC is holding its Global Summit in Sendai and Tokyo from 16-19 April. We are delighted to be taking the leaders of our industry to Japan at such an important time for the country.”
Other selected highlights from the report show:
• Outbound Travel & Tourism has followed a similar path to that of domestic tourism as Japanese travellers quickly regained confidence, and recovery was more rapid than under any of the original scenarios. For 2011 as a whole, departures were 2% higher than in 2010 – to just under 17 million from 16.6 million in 2010 – with growth evident from as early as July. This means that outbound travel has not only recovered back to previous levels, in terms of trips, but has also fully recovered losses from the period during and immediately after the disaster. However, outbound travel expenditure was still more than 8% down on 2010’s level after the first ten months of the year.
» Read Complete News.....(You need to login first to read complete news). New User? Register for FREE!
» Back to Travel News