Market Report, "Travel Accommodation in Japan", Published
Travel accommodation saw a recovery in 2012. Following a -4% decline in sales in 2011, current value sales increased by 3% to reach JPY3.6 trillion in 2012. This growth was primarily driven by the increasing travel demand among domestic and inbound tourists. Tourism industry in 2011 was heavily affected by the Great East Japan Earthquake. Japanese people refrained from leisure activities while foreigners were afraid of travelling to Japan due the harmful rumours about nuclear radiation. However,...
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