RECORD INTERNATIONAL VISITORS
While the poor yen has increased the cost of travel for people in Japan, it has also increased travel discounts for tourists to the area of the rising sun.
Japan welcomed more than 3 million visitors in March, a report- breaking large for a second quarter, driven by the government’s stunning cherry blossom season. Most visitors were from North America and Asia, said Mr Leggett.
JAL’s revenues and earnings changed dramatically from pre-pandemic 2019 levels, with its revenue rising by about 20 % year over year as a result of the increase in global customers.
JAL and Indian budget airline IndiGo announced a code-share agreement during the conference to buy tickets on their flights.
This will allow the Chinese aircraft to expand its channel to 18 spots on IndiGo’s community, including New Delhi and Bengaluru. India’s heat travel market is currently the third-largest in the world, trailing only China and the US.
Foreign Industry CONCERNS
While JAL’s inbound flights to Thailand, Taiwan, and South Korea have increased in response to heightened global demand, Mr. Leggett said the Taiwanese industry is still depressed.
The airport has adjusted its plan and capacity to deal with the tepid interest, he added, and traffic both ways is only half as high as they were before the pandemic.
He claimed that the decline in appetite for traveling is caused by the economic slump and the slow implementation of visas. Before the crisis, Chinese citizens could travel to China without a visa for up to 14 days.
” For the Chinese ( not ) coming to Japan, it’s probably more economic reasons than anything else with the slowdown of the economy in China”, he said. Go in public is not as popular as it once was for Japan.
Home business travel has decreased by about 80 % compared to pre-pandemic levels despite strong demand for international flights and business class airlines for its premium first and business class divisions.
” I think that’s mainly due to secluded working – virtual meetings that are replacing encounter- to- encounter meetings. The 80 % level has been in place for the past two years, and it does n’t seem to be waning. Luxury travel makes up for that a little bit, but that’s our biggest problem”, he said.