Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan
- Spending by record numbers of overseas visitors is growing
- Weak yen, China visa rules, Expo seen fueling 2025 tourism
Japan’s stock market is only now waking up to potential gains from record numbers of big-spending tourists.
A growing number of companies, including a seller of vintage goods and a budget hotel chain, are poised for a strong 2025 as increased demand from foreigners boosts earnings outlooks. Japan welcomed almost 37 million inbound visitors in 2024, data released last week by the Japan National Tourism Organization showed. That’s almost a third of the country’s population.