The economic impact of the increased number of senior inbound visitors: An Analysis of the “Travel Divide” (7)
The economic impact of the increased number of senior inbound visitors: An Analysis of the “Travel Divide” (7) This post is the final installment of our “Travel Divide” discussion. We will analyze the economic impact if the senior (elderly) segment of inbound visitors increases the number of trips they make. The proportion of inbound travelers by age group is 10% for those in their 50s and 5% for those in their 60s or older (according to the Japan Tourism Agency’s “2019 Annual Report on Spending Trends of Foreign Visitors to Japan“), a figure that may surprise many in the travel industry. The 85% of inbound travelers under the age of 40 indicate that a serious “travel divide” is occurring among inbound travelers. Sources: JTB Travel Annual Report 2020; Japan Tourism Agency, “2019 Annual Report on Consumption Trends of Foreign Visitors to Japan. According to the United Nations State of World Population 2023, the percentage of the population aged 65 and over is 10% for the world and 20% for the more developed regions. The rate of inbound visitors in their 60s and over is 5%, which is still relatively small. On the other hand, Japanese domestic travelers in