Japan’s Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival

Japan’s Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival
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Volume/Issue: Volume 2020 Issue 169
Publication date: August 2020
ISBN: 9781513553207
$18.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Industries - Hospitality Travel and Tourism , WP , tourism demand , source market , tourism industry , inbound tourism , tourist number , tourist arrival , Tourism , COVID-19 , Personal income , Real exchange rates , Communicable diseases , Global , Japan inbound tourism , tourism determinants , Abenomics , visa policy , panel ARDL , origin country , tourism inf rastructure , attractiveness f , Asia and Pacific

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Summary

In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism source markets from 1996Q1 to 2018Q4, we find that not only tourist income and tourism-related relative prices, also visa policies have had significant impacts on Japan’s inbound tourism demand in the long run. In the short run, natural disasters have had large and prolonged effects on tourism. We then derive policy implications for the post-COVID-19 revival of Japanese inbound tourism.

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