Japan’s Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival

In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism source markets from 1996Q1 to 2018Q4, we find that not only to...

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Bibliographic Details
Main Author: Nguyen, Anh Thi Ngoc
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2020
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Japan 
653 |a COVID-19 
653 |a Health 
653 |a Income 
653 |a Infectious & contagious diseases 
653 |a Economic History: Transport, Trade, Energy, Technology, and Other Services: Asia including Middle East 
653 |a Currency; Foreign exchange 
653 |a Personal income 
653 |a Gambling 
653 |a Economywide Country Studies: Asia including Middle East 
653 |a Hospitality, leisure & tourism industries 
653 |a Recreation 
653 |a Economic sectors 
653 |a Health Behavior 
653 |a National accounts 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Foreign Exchange 
653 |a Macroeconomics 
653 |a Industries: Hospital,Travel and Tourism 
653 |a Real exchange rates 
653 |a Sports 
653 |a Diseases: Contagious 
653 |a Communicable diseases 
653 |a Restaurants 
653 |a Foreign exchange 
653 |a Tourism 
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520 |a In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism source markets from 1996Q1 to 2018Q4, we find that not only tourist income and tourism-related relative prices, also visa policies have had significant impacts on Japan’s inbound tourism demand in the long run. In the short run, natural disasters have had large and prolonged effects on tourism. We then derive policy implications for the post-COVID-19 revival of Japanese inbound tourism