[Foreign tourists in Japan visiting rural areas like Kanazaka, no longer limiting themselves to metropolitan cities such as Osaka and Tokyo. (Photo by Nobuyoshi Shioda)]
From Nikkei Asian Review:
“Foreign tourist consumption in Japan — including travel expenditures while in the country — totaled 4.5 trillion yen in 2018, up about 30% from 2015. Consumption in rural areas soared at a much faster pace, nearly 60%, during the same period.
More foreign tourists are finding their way out of the Tokyo, Nagoya and Osaka metropolitan areas. In 2018, 18 million foreign tourists trekked into rural areas, about 5 million more than those who simply enjoyed city indulgences. The gap is wider than it was in 2015, when 10.2 million foreign tourists ventured into the countryside and 9.5 million contented themselves in one of the big burgs.”
Read the full article on Nikkei Asian Review here.
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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