Japan Ahead: Hoshino Resorts CEO

The video discusses the impact of closed borders on Japan's tourism industry, emphasizing the importance of domestic tourism, which constitutes 83% of the market. Despite a weak yen, domestic tourism is recovering, with expectations of full recovery by the end of the year. The government plans to promote domestic tourism but has postponed initiatives. The future of inbound tourism depends on easing border restrictions, with hopes for recovery by next year. Expansion plans for Japanese hot spring inns in the US and Canada are also underway.

What challenges are faced by the tourism industry in Japan due to COVID-19?

What is the expected timeline for the recovery of inbound tourism in Japan?

What are the expansion plans mentioned for Japanese traditional hot spring inns?