Japan Inbound Tourism Sentiment Lowest in Jan.-March

Economy

Tokyo, March 12 (Jiji Press)--Business sentiment for inbound tourism among travel agents in Japan hit a record low in January-March due to plummeting demand mainly from China and South Korea amid the outbreak of the new coronavirus, an industry body survey showed Thursday.

The diffusion index for travel agents' views of current conditions for inbound business stood at minus 77, down by 81 points from October-December, according to the survey by the Japan Association of Travel Agents.

The index represents the percentage of companies seeing good business conditions minus that of those feeling the opposite.

Travel agents' business outlook DI for inbound tourism was minus 68 for April-June and minus 32 for July-September, when the Tokyo Olympic and Paralympic Games are slated to be held.

The DI for travel agents' current conditions for overseas travel by Japanese in January-March dropped by 49 points from the previous quarter to minus 68, while that for domestic travel fell by 35 points to minus 46.

[Copyright The Jiji Press, Ltd.]

Jiji Press