Forecast workation market size in Japan FY 2020-2023

Published by
Alexandru Arba,
Jul 5, 2024
In the fiscal year 2021, the workation market in Japan was estimated at almost 70 billion Japanese yen. It was forecast to increase considerably by 2023, surpassing the 100 billion yen mark. The term workcation is a combination of the words work and vacation and refers to the concept of working remotely from a vacation environment.

Forecast size of the workation market in Japan from fiscal year 2020 to 2023 (in billion Japanese yen)

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Release date

September 2022

Region

Japan

Survey time period

2020 to 2023; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

all figures are projections or forecasts

Supplementary notes

*Forecast.

The market size is based on the estimated impact on the hospitality industry, the impact on local industries, the impact on corporate training industry, and impact on the national budget.

100 Japanese yen equal 0.76 U.S. dollars or 0.71 euros as of January 2023. Values have been rounded.

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