The Economic Impact of Expo 2025 Osaka
The Mainichi Shimbun explores the potential economic impact of Expo 2025 Osaka, set to open in April. While estimates vary, the Asia Pacific Institute of Research (APIR) predicts a nationwide impact of approximately 2.75 trillion yen ($18.21 billion).
However, concerns remain about reaching the projected visitor target of 28.2 million. The 2000 Hannover Expo fell short of its target, resulting in a deficit. As of March 2023, only 8.21 million tickets had been sold for the Osaka Expo, against an advance sales target of 14 million.
Visitor spending during the Expo could reach 1 trillion yen ($6.64 billion), according to Resona Research Institute Co. However, a shortage of hotel rooms could lead to price hikes, deterring potential visitors. The Japan Association for the 2025 World Exposition estimates that 90% of visitors will be domestic, with nearly 40% coming from outside the Kinki region.
Despite Osaka's high hotel occupancy rate, concerns remain about accommodating the influx of visitors. Labor shortages and group training for Expo exhibitors are further straining the hospitality sector. Families planning to visit during peak times are advised to secure accommodation early.
5 Comments
Habibi
The Expo is an opportunity to regenerate urban spaces in Osaka, leaving behind lasting infrastructure improvements and modern facilities.
Muchacha
Osaka Expo will encourage research and development in various fields, potentially leading to new technological breakthroughs.
Bella Ciao
The event will create volunteer opportunities, allowing individuals to contribute and engage with the Expo experience.
Comandante
Osaka Expo is actively involving local communities in its planning and execution, fostering local ownership and pride.
Coccinella
Relying heavily on domestic tourism limits potential economic benefits. Can Osaka attract more international visitors and boost global exposure?