A 14 percent increase in tourism-related economic effect, record high at 1.17 trillion yen
September 26, Ryukyu Shimpo
On September 25, the Okinawa Prefecture Department of Culture, Tourism and Sports announced the economic ripple effect of travel-related services and tourism for Fiscal Year (FY) 2017.
The effect was calculated based on travel and tourism expenditure, which was at 1,169,985,000,000-yen, a 14.2 percent increase compared to the previous results from FY2015.
This figure is a record high. The number of inbound tourists to Okinawa from in and out of the country continues to increase.
The lodging industry and eateries with strong ties to tourism mainly caused a big ripple effect on the prefecture’s economy.
780 Billion in Expenditure and an Employment Effect of 140 Thousand People
FY2017’s expenditure for travel services and tourism was 779.3 billion yen, a 12.7 percent increase compared to FY2015’s results.
Of this, expenditure of tourists from outside of Okinawa was 497.9 billion yen, while expenditure of foreign tourists was 200 billion yen.
Expenditure by local Okinawans traveling around Okinawa resulted in 81.4 billion yen.
The direct effect on the tourism industry inside of Okinawa was 691.2 billion yen, while 88.1 billion yen is estimated to have flowed out to other prefectures.
The primary ripple effect, such as increase in sales by industries related to tourism, was 314.4 billion yen.
The secondary ripple effect, such as revitalization of expenditure due to increased income, was 164.4 billion yen.
By industry, the lodging industry experienced an effect of 225.6 billion yen, while eateries experienced an effect of 187.7 billion yen, both showing high figures.
The employment inducement effect was 142,734 people, a 13.2 percent increase compared to FY2015.
It is clear that employment is also expanding thanks to an increase in tourists.
A representative from the above-mentioned department said, “We will continue to work on attracting tourists, and will promote programs to improve the expenditure per tourist and qualitatively change Okinawa’s tourism.”
(English translation by T&CT and Chelsea Ashimine)
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