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Japan’s tourism industry is facing a devastating blow

Japan Economic News and other Japanese media reported that due to the impact of the new coronavirus pneumonia COVID-19, Japan imposed restrictions on entry and the local tourism industry was hit hard. In March this year, the number of Japanese tourists decreased by 93% compared with the same period of the previous year to only 193,700, which is the largest decline since the statistics in 1964. The number of Japanese leaving the country was 272,700, a decrease of 85.9%, the largest decline in history.

The travel industry has always thought that it is one of the pillars of Japan’s local economy and suffered a devastating blow in this outbreak. Among all tourists, mainland China decreased by 98.5%, the largest decrease. An employee who runs a travel agency said that their travel agency sales fell by 80% in February and 90% in March and new appointments were zero. All domestic team tours before June are canceled. This also means that he is about to face layoffs and unemployment.

Japan handle the Olympics this year, but due to the impact of the epidemic, the 2020 Tokyo Olympics will be postponed for one year. This is another huge blow for Japan and Japan travel. The Tokyo Olympics has already spent at least about the US $ 11.8 billion, and postponing the Olympics will cost the Japanese economy nearly US $ 6 billion. The Japanese travel industry market was expecting a boost from the 2 million tourists ushered in by Tokyo during the Olympics. But now the travel industry is facing bankruptcy and layoffs. This influence will continue to the hotels and airports. Olympic spectators had already booked millions of hotel rooms this summer, but now these hotels are facing massive cancellations. The large passenger traffic that airports and airlines had expected was also destined not to appear in 2020.

https://www.channelnewsasia.com/news/asia/covid19-crisis-threatens-japan-tourism-boom-coronavirus-12509200

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