Travel Sectors

JTB succeeded in making a profit for FY2022 ended March 31 2023 for the first time in the past three years, posting operating income of 33.6 billion JPY. For FY2023, JTB has forecasted sales will further increase by 12.8% year on year to 1,103 billion JPY.

Narita International Airport has forecasted the first profit of 600 million JPY for the last four years in FY2023 ended March 31 2024, despite 50 billion in deficit for FY2022.

Sales of 43 major travel companies increased by 17.8% to 531 billion JPY in total in March 2023, compared to March 2019.

Tokyu Kabukicho Tower in Shinjuku, a new tourism landmark in Tokyo, welcomed 1 million visitors on May 22 since it opened on April 14 2023.

The latest JTB Tourism Research & Consulting’s survey finds that only 14.1% of all 20 years old or older respondents have plans to travel overseas for fun within the next year.

The Japan’s oldest pilgrimage route ‘Saigoku Sanjyusansho (33 designated temples in west Japan)’ signed a friendship agreement with the World Heritage ‘Routes of Santiago de Compostela' in Spain.

According to ANA Strategic Research Institute, available seats on international flights to Japan in this summer schedule period are expected to reach 25.8 million in total, about 18 million more seats than a year ago.

Veltra, a Japanese local experience booking platform, has started a joint promotion for bus tour ‘Land Cruise’ that is operated by Europemundo Vacations, a JTB Group company.

ANA and JAL carried more passengers on both domestic and international routes and considerably improved the load factors during this year’s Golden Week holiday period.

Japan Association of Travel Agents (JATA) has started a half-price support for acquisition of an passport to boost overseas travel demand in this summer.

Japan Tourism Agency (JTA) and Japan Association of Travel Agents (JATA) launched an outbound travel initiative called ‘Now, Overseas Travel!' to recover the outbound travel market, including half-price support for acquisition of a passport by JATA.

International travel-tech conference ‘WiT Japan’ will be held face-to-face in Westin Tokyo on July 5 and 6 2023. Early-bird tickets will be available by May 12.

Ishi Sports, one of Yodobashi Camera group, a leading Japanese home electrical appliance retailer, launched a new travel company specializing in outdoor activities.

Westjet of Canada began serving three flights a week between Narita and Calgary on May 1 2023. Travel Alberta has a marketing plan to appeal indigenous tourism as well as World Heritages, nature or foods for Japanese travelers.

JTB has decided to invest to Tablecross, an operator of one-stop food platform ‘byFood.com' for international travelers to Japan, in order to promote gastronomy tourism.

ANA achieved achieved the first full-year profit in the last three fiscal year by posting net income of 89.4 billion JPY in FY2022 ended March 31 2023 (143.6 billion JPY in deficit in FY2021).

Japan National Tourism Organization (JNTO) drew up major action plans in FY2023 to boost full-recovery of the inbound travel market, positioning Northern Europe (Sweden, Denmark, Norway and Finland) as a new focus market.

TOKI AIR, a Nigata Airport-based startup regional airline, has developed ‘TOKI AIR NFT Project’ to launch a fan community ‘CLUB TOKI’ and to sell NFT arts.

Kenji Sunada, founder and CEO of KabuK Style talks about his ambition on fintech-based travel subscription services ‘HafH’ for accommodation and flight. He said, "We are committed to change the world with a new business model.”

Japan Association for the 2025 World Exposition begins driving ‘Tourism + EXPO’ efforts in earnest to spread effects of the EXPO nationwide. Nobuhiko Hohokabe, Executive Director of Local Community and Tourism Department, talked about ‘Tourism + EXPO.'