[Japanese and International tourists enjoy the Cherry blossoms in Kyoto]
From asia.nikkei.com:
“….In 2018, foreign visitor arrivals jumped 8.7% to 31.19 million from a year earlier. And as Japan sprints toward two major sporting events — the Rugby World Cup from September to November and the Tokyo Summer Olympics next year — the numbers are expected to keep rising. Goals set by Prime Minister Shinzo Abe in 2016 peg foreign tourist arrivals at 40 million in 2020, and 60 million in 2030.
Abe is also working to stimulate domestic tourism, announcing that this year’s annual Golden Week holiday will run from April 27 to May 6. The usual weeklong vacation has been extended to 10 days to celebrate the coronation on May 1 of Crown Prince Naruhito as emperor. Data from JTB, Japan’s leading travel agency, shows the number of residents who are planning to travel domestically during the period is up 1.1% on the year; those with plans to travel abroad are higher by 6.9%.
The surge in foreign visitors to Japan reflects a gradual easing of travel visa requirements since 2013 for countries including Thailand, the Philippines and China; growth in the number of budget airlines in Asia; and a depreciation in the yen, all of which have made Japan one of the most popular destinations in the region….”
See the entire article here.
Odyssey Asset Management Limited
Odyssey Asset Management Ltd, a sister company to the Odyssey Capital Group, is a Hong Kong SFC 1, 4 & 9 licensed company. The Japanese CRE team is headed up by Christopher A. Aiello, and also includes Alex Walker, Daniel Vovil and Sam Luck.
Odyssey Capital Group Ltd is Asia’s leading international Alternative Asset Manager that provides differentiated and bespoke investment solutions across multiple asset classes, including asset management, real estate, private equity and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest in with its clients.
The Odyssey team comprises over 30 experienced executives, asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors with over 400 years of combined financial and operational experience across the Asia Pacific, Europe and North America.
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477