Estimated by Professor Emeritus Katsuhiro Miyamoto of Kansai University: Economic Impact of 2026 Golden Week Domestic Tourism is Approx. 2.95 Trillion Yen

Professor Emeritus Katsuhiro Miyamoto of Kansai University has analyzed the economic impact of domestic tourism during the 2026 Golden Week, which is expected to reach approximately 2,946.3 billion yen.

Professor Miyamoto stated, 'This result is a decrease compared to the approximately 2,957 billion yen in 2025. While the economic impact of many events has been on an upward trend since COVID-19 was reclassified to Class 5, domestic travel and tourism during Golden Week have shown a decline compared to the previous year. This is likely because, although the number of foreign visitors to Japan increased slightly, the consumption amount of Japanese people for travel and tourism decreased significantly.

If this situation continues for a long time, the profits of Japan's tourism industry may shift toward a decline due to the decrease in domestic tourism, stagnant salary levels, and rising costs for transportation, dining, materials, and labor. This would have a major negative impact not only on the travel industry but on the Japanese economy as a whole. Behind this trend is the rise in energy prices due to international instability, which has led to high costs for consumer and capital goods such as transportation, construction, labor, food, and water. This has caused people to fall into lifestyle anxiety, fearing such conditions might last for a long time, thereby strengthening the tendency to refrain from consumption and investment. As a result, the world and Japanese economies could slow down significantly. It is important for nations to work toward suppressing conflict so that the world can be at peace and people can live with peace of mind.'

[Outline of Materials] 1. Theme: Economic impact of tourism during the 2026 Golden Week 2. Presenter: Katsuhiro Miyamoto, Professor Emeritus, Kansai University 3. Announcement Date: Thursday, April 23, 2026 4. Contents: I. Introduction II. What is the economic impact (technically called 'economic ripple effect') of tourism? III. Direct impact of tourism by domestic residents during Golden Week IV. Direct impact of tourism by foreign visitors during Golden Week V. Total direct impact of tourism by domestic residents and foreign visitors during Golden Week VI. Economic impact of domestic tourism during the 2026 Golden Week VII. Comparison with 2025 and the future VIII. Conclusion

*Please add a note if you quote data from the analysis results.

[Profile] Name: Katsuhiro Miyamoto Date of Birth: January 12, 1945 (81 years old) Specialization: International Economics, Theoretical Economics, Kansai Economy, Sports Economics Professor Miyamoto has served as Professor, Dean of the Faculty of Economics, and Vice President at Osaka Prefecture University. He became a professor at the Graduate School of Accountancy, Kansai University in April 2006, retired in March 2015, and is currently Professor Emeritus at Kansai University. During this period, he was a visiting researcher/professor at Indiana University, Harvard University, and others.

[Major Achievements] 2005: Economic impact of Hanshin Tigers' championship 2006: Economic impact of inviting the 2008 Osaka Summit 2008: Economic ripple effect of 'Tama the Station Master' (calico cat) 2010: Economic ripple effect of the Vancouver Olympics in Japan 2011: Economic ripple effect of pandas Lee Lee and Shin Shin at Ueno Zoo