The number of tourist has exploded
According to JNTO, since Shinzo Abe lunched a campaign “Sightseeing & Establishing the Country” which has achieved remarkable results, the number of tourists traveling to Japan reached 31.19 million in 2018, which exceeded the expected number at 30 million in 2030. Number of Chinese tourists 8.38 millions, consumption value total 1,545 trillion JPY are ranked in the first position. In the first half of 2019, the number of visitors traveling Japan have broken the record in history of Japan. The fastest speed broke 16 million, setting a number of historical records in the same period. As one of Japan’s two major transportation hubs, Osaka is the place where the Kansai International Airport have located. This is the must pass place for this traveling, and the number of tourists bursts out. The first thing getting effect is the accommodation industry. According to the Osaka Bureau in 2018, the overseas travelers of Osaka exceeded 11.41 million, especially in the important days of the holiday day, the cherry blossom season, the red leaf season, etc. Anyway, The situation of finding the house and accommodation is difficult to find.
The lack of accommodation in the tourist area has ushered in a huge business opportunity, and the Osaka government has made great efforts to promote the law aiming to push out the “Special Area of the Minpaku Accommodation” The qualified accommodation can host 365 days in maximum. With this way, the prospects of the benefits can be seen. CHUAN HOUSE is also the qualified accommodation in the “special zone”.
The accommodation business have been developed into the most well-established legal campers in the Kansai region. With the increasing in the number of people entering the country, the Japanese government has adjusted the target of pushing the number of travelers to Japan up to 40 million people by 2020 and 60 million people by 2030. The accommodation business has brought a lot of income to Japan.
The New Opportunity of Gambling Industry and Real Estate
With the adoption of the IR implementation method (Integrated Resorts-integrated resort zone with casino) in July 2018, the Japanese people’s camp gambling will operate officially for the first time within 2024
It is clear that Osaka is the first place to set up a casino on the island in 2020. 8 international giants companies, including MGM Resorts International, Melco Resorts Entertainment and Las Vegas Sands group, have signed up to the event. MGM Resorts International have considered Osaka as the first candidate of the group’s operation, and the son Macau gaming tycoon Stanley Ho, Lawrence Ho, also expressed the expectation of Melco Crown Entertainment to bring 1 trillion Yen to Osaka. The investment has made Osaka the world’s top-level sightseeing spot.
According to data from the Japanese Observatory, the dream island IR color resort in 2030 will bring more than 22 million travelers to Osaka. The company’s global market advisors expects annual gambling revenues to exceed $10 billion, exceed revenue of 2 casinos in Singapore.
The opening of the gaming venue has a huge economic benefit to Macao for example in 2018, the total number of inbound visitors exceeded 35 million increasing 9.9% year-on-year. The average occupancy rate of hotels and apartments is at 91.1%, while the total consumption was at 69.69 billion Macau dollar. Las Vegas built the first casino in 1941. In 2017, the price of housing prices increased at more than 10%, rising to rank second in the United States.
The world expo is coming to Japan, a “Japan’s Golden Era”
The 2010 Shanghai World Expo is the best interpretation of the World Expo economy. The World Expo brought to Shanghai 79.48 billion RMB , and the “increasing of consumption” was 46.86 billion RMB. 73.08 million visitors visited the city, “the most hottest golden week” is called due to. In that year, GDP rate has grown 9.9%. The economic benefit is about 3.49 times of the Beijing Olympic Games. Refer to the average price of commercial housing in Shanghai from 2008 to 2017, the world expo had defined Shanghai Housing. To focus on the point of the price in the year of the event, the price of Shanghai ‘s house rose more than 35 %, and then continually increased. According to the analysis of the deputy director of the World Expo Research Institute of Shanghai University of Finance and Economic, the investment of the World Expo increased the value of the industry about 1.2 trillion which 1/3 of the added value will be reflected to the economy after the happening of The World Expo.
In 2025, Osaka will host the world expo with the theme “Designing Future Society for our Lives.” The Expo will last for 185 days. The Japanese government expects to host about 28 million people. The economic benefit is about 2 trillion yen. The world expo is known as the new engine of economic growth, which is driving the growth of assets and forming new consumption, hot spots, promotion of trade development, etc., The subsequent effects are unable to estimate the potential. Historically , the Eiffel tower symbolized for Paris in 1889 by the World Expo. Osaka held the previous expo in 1977 creating Kansai’s economic belt.
Almost half century, Osaka will host the World Expo which will become the most exciting economic event. Before the expo, we will seize the first opportunity of real estate, and enjoy the “golden effect” of the post-expo era.