[Acrio Co., Ltd.] New business ideas in the inbound field: 7 innovative businesses that will open up the future of Japan, a tourism-based nation
*Acrio Co., Ltd.*
Press release: August 16, 2024
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New business ideas in the inbound field: 7 innovative businesses that will open up the future of Japan, a tourism-based nation
*Acrio proposes a strategic approach to maximize the potential of the inbound market*
Acryo Co., Ltd. (Representative Director and CEO: Daiki Ueda, Shinagawa-ku, Tokyo). Acryo Co., Ltd. (Representative Director and CEO Ueda)
Daiki (Shinagawa-ku, Tokyo) held a groundbreaking online event on July 31, 2024. Business strategy professionals who had newly registered with the company’s service “Freelance Go” gathered together to explore innovative business models in the inbound market.
Numerous ideas were born from heated discussions. Here are seven new business ideas that have attracted particular attention. These business models, which make full use of the latest technologies such as AI, VR, and the sharing economy, are innovative approaches that acutely capture the needs of foreign visitors to Japan, and have amazing market potential.
From food to entertainment to healthcare. Here we present for the first time seven business models that bring out Japan’s charm to the fullest and their market forecasts.
AI personalized travel planner
This is an AI-based application that takes into consideration Japan’s uniquely complex transportation system and cultural characteristics, and proposes an optimal itinerary tailored to each traveler’s interests and budget. It uses machine learning to learn user preferences and make more accurate recommendations.
Expected sales: 500 million yen in the first year, expected to grow to 5 billion yen in 5 years. Secure revenue through a hybrid of subscription model and advertising revenue.
Virtual Reality (VR) Japanese Cultural Experience Center
Using cutting-edge VR technology, we will set up facilities at major tourist destinations where you can experience traditional Japanese culture such as the tea ceremony and kabuki. This makes it possible to convey the appeal of Japanese culture beyond the language barrier, and also stimulates interest in hands-on experiences.
Expected sales: 1 billion yen in the first year, rising to 10 billion yen in 5 years. In addition to revenue from admission fees, we will also sell licenses for VR content.
Multilingual AI concierge robot
This is a multilingual AI robot installed in hotels, shopping malls, and tourist facilities. We support foreign visitors to Japan during their stay by providing tourist information, explanations on how to use facilities, and simple interpretation functions.
Expected sales: 2 billion yen in the first year, rising to 20 billion yen in 5 years. Earn revenue through robot sales/leasing, maintenance services, and software updates.
Japanese food culture experience matching platform
An online platform that connects local chefs and farmers with foreign visitors to Japan. We will match you with authentic Japanese cooking classes, agricultural experiences, sake brewery tours, and more, providing you with the opportunity to experience Japan’s food culture more deeply.
Expected sales: 300 million yen in the first year, rising to 3 billion yen in five years. We secure revenue from trial reservation fees and services for premium members.
Healthcare support services for foreigners visiting Japan
For foreigners visiting Japan who are concerned about language barriers and differences in the medical system, this service provides multilingual medical interpretation services, hospital referrals in emergencies, and online medical treatment arrangements.
Expected sales: 700 million yen in the first year, rising to 7 billion yen in five years. Generate revenue through partnerships with travel insurance companies and personalized membership services.
Japanese pop culture experience theme park
This is a large theme park where you can fully experience Japanese pop culture such as anime, manga, and games. We will offer cosplay events, voice actor talk shows, and attractions that utilize the latest technology.
Expected sales: 10 billion yen in the first year, rising to 100 billion yen in five years. In addition to revenue from admission fees, we will secure revenue from various sources such as merchandise sales, food and beverages, and hotel management.
Sharing economy platform for foreign visitors to Japan
It is a platform that provides sharing services that allow you to deepen your interactions with Japanese people, such as homestays in vacant houses, guided tours by local residents, and rental of privately owned Japanese clothing.
Expected sales: 200 million yen in the first year, rising to 5 billion yen in five years. We generate revenue through service usage fees and premium membership services.
These seven new business ideas all have the potential to meet the diverse needs of foreign tourists visiting Japan and bring out Japan’s charms to the fullest. At Acryo, we are conducting more detailed market analysis and building a business model based on these ideas.
The inbound market is an area that is expected to continue to grow significantly. However, unlocking its full potential requires an innovative approach that goes beyond conventional thinking. Acrio leverages our extensive experience and advanced analytical
capabilities to fully support our customers’ new business launches.
Acrio’s professional team will support you throughout the process, from the concept of your new business to market research, business plan formulation, and even the actual launch. By leveraging our know-how, you can significantly increase your chances of success on the market while minimizing your risks.
If you are a company or entrepreneur who is interested in starting a new business in the inbound market, please contact Acrio. Let’s open up the future of Japan’s tourism industry together with us. We look forward to hearing from you.
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