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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE JAPAN EDITION 2026

Japan’s
travel and hospitality industry,
in focus.

The companies, capital and talent shaping travel and hospitality in Japan. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Travel and Hospitality Industry Landscape of Japan
JP
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Travel and Hospitality illustration
Companies tracked 977Travel and Hospitality ecosystem in Japan Disclosed funding $320.35M28 companies · all recorded rounds Companies hiring 8With open roles at the snapshot Tracked open roles 140 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Japan’s travel and hospitality leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Explore the full landscape
Travel and Hospitality company highlights in Japan, snapshot 31 August 2026
Company
Sanusa-nu.com$90.5M1 roles20—
Newmonewmo.me$51.43M———
H2O Japanh2ojapan.co.jp$37M———
Space Aviationspace-aviation.com$18.23M———
DENKEN TRANSPORTcybertransporters.com$17.17M———
Hyakurenhyakuren.org$14.97M—11—
PATH Corporationpathway.co.jp$12.15M—56—
Compasscompasscorp.jp$11.88M———
Mauna Lanistayinhokkaido.com—4 roles——
Toyoko Inntoyoko-inn.com—3 roles——
HIShis.co.jp—2 roles10,849—
HOTEL DOMANImito-domani.com—1 roles——
Hotel Okuraokura.com—1 roles——
Seaandsummitmediaseaandsummitmedia.com—1 roles——
Sotetsu Hotel Managementsotetsu-hotels.com—1 roles——
ANA HOLDINGSana.co.jp——34,919—
AirXairx.co.jp——26—
JCAS Airwaysjcas.co.jp————
JR Odekakejr-odekake.net————
Japan Airlinesjal.com——33,038—
Kyushu Railway Companyjrkyushu.co.jp——18,235—
Oriental Landolc.co.jp——5,433—
Tokyo Metrotokyometro.jp———Financial figure available in RadarView in Radar
West Japan Railway Companywestjr.co.jp——28,383—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only
THE KEY SIGNALS

Travel and Hospitality industry KPIs in Japan

A few useful ratios bring the size of this ecosystem into perspective.

31 August 2026
Hiring participation0.8%

8 of 977 tracked companies have open roles.

Funding participation4.3%

42 of 977 tracked companies have a recorded round.

Top 3 funding share55.9%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$3.4M

Midpoint of 40 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 55.9% of disclosed capital, while 95.7% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Japan travel and hospitality has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Japan travel and hospitality
$0$28.94M$57.87M$86.81M$115.75M2016: $13.45M20162017: $020172018: $8.21M20182019: $3.02M20192020: $18.89M20202021: $32.6M20212022: $7.83M20222023: $14.67M20232024: $94.33M20242025: $101.53M2025
View the numbers
Annual travel and hospitality funding and company formation in Japan
YearFunding (USD)FoundedRaising
2016$13.45M272
2017$0220
2018$8.21M494
2019$3.02M461
2020$18.89M494
2021$32.6M493
2022$7.83M332
2023$14.67M274
2024$94.33M95
2025$101.53M011
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Sanu28.3%
  • Newmo16.1%
  • H2O Japan11.5%
  • Other companies44.1%

Funding by stage

66 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel33 50.0%
Series A–B20 30.3%
Series C+ / PE5 7.6%
Grants, debt & other8 12.1%

Recent recorded rounds

Latest recorded rounds · USD
5 rounds

Swipe or scroll horizontally to browse.

Series B03/2026
Compass $4.77M

Backed by Oriental Land and M3 and others.

Conventional Debt03/2026
Compass $4.45M

Backed by Mizuho Bank.

Conventional Debt03/2026
The Chain Museum —

Backed by Hokkoku Bank and Yamanashi Chuo Bank and others.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series B05/2025
Sanusa-nu.com$44.34M

Backed by Globis Capital Partners and JAFCO and others.

Series A07/2025
Newmonewmo.me$8.36M

Backed by Dual Bridge Capital and Iwate Bank and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

No reviewed exact national-ID connector maps Japan company identities to the configured global filings table.; No reviewed exact national-ID connector maps Japan company identities to the configured global filings table.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Japan companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

53 of the 979 companies on this page carry a measured traffic record (5.4%); these are the largest of those, by monthly visits. The median among them is 180,281 visits.

CompanyMonthly visitsAuthorityMobile
ANA HOLDINGSana.co.jp12,965,2178061.6%
JR Odekakejr-odekake.net9,504,1807888.6%
West Japan Railway Companywestjr.co.jp8,331,6346886.5%
Hankyuhankyu.co.jp5,609,8957491.4%
Kyushu Railway Companyjrkyushu.co.jp3,155,1277088.4%
Peachflypeach.com2,772,0277076%
Tokyo Metrotokyometro.jp2,729,4488083%
Toyoko Inntoyoko-inn.com2,522,8157565.9%
AirTripairtrip.jp2,087,2327183.1%
Hoshino Resortshoshinoresorts.com1,851,4267173.6%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

59 of these companies (6%) publish at least one Android app — 79 apps in all, carrying 28.6M installs between them.

AppInstallsRatingStore category
ANAANA HOLDINGS6.8M4.4Travel & Local
Round1 スペシャルクーポン毎週配信！round one5.4M1.1Entertainment
ANA MILEAGE CLUBANA HOLDINGS3.1M3.9Travel & Local
モバイルICOCAJR Odekake1.2M—Finance
Toyoko INN AppToyoko Inn1.1M4Travel & Local
JR西日本 列車運行情報アプリWest Japan Railway Company1M2.4Maps & Navigation
東京メトロmy!アプリTokyo Metro1M—Maps & Navigation
PeachPeach949.4K—Travel & Local
JR九州アプリKyushu Railway Company906.4K—Maps & Navigation
NNR-BusNaviNishitetsu813K3.6Maps & Navigation

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2025Q3).

SegmentAppsInstallsLeading appRelease trend
Passenger Airlines310.5MANA 6.8M
Theme & Amusement Parks56MRound1 スペシャルクーポン毎週配信！ 5.4M
Passenger Rail Operators73.3MモバイルICOCA 1.2M
Hotels172.2MToyoko INN App 1.1M
Tour Operators112.1MNNR-BusNavi 813K
Rail Training Services31.7MJR西日本 列車運行情報アプリ 1M
Travel Agencies151.5MPeach 949.4K
Travel Hospitality & Leisure Regulatory Bodies31.2MJR九州アプリ 906.4K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q1: 12023Q1: 02023Q12023Q2: 12023Q2: 12023Q22023Q4: 42023Q4: 12023Q42024Q2: 32024Q2: 12024Q22024Q3: 32024Q3: 32024Q32025Q1: 12025Q1: 12025Q12025Q2: 12025Q2: 32025Q22025Q3: 12025Q3: 142025Q32025Q4: 12025Q4: 52025Q4

Darker bars are new releases, lighter bars apps updated. 43 of 79 apps carry a release date. The series ends at 2025Q4, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Japan travel and hospitality market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Segment data unavailable0

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Segment data unavailable

The largest measured segment in this report snapshot.

0companies
0%have hiring activity

0 companies hiring · $0 disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 8 dated reports
Mergers & acquisitionsnca.aero ↗

Nippon Cargo Airlines and ANA Cargo have announced a merger of their sales and warehousing operations

Mergers & acquisitionsana.co.jp ↗

ANA completed the takeover of NCA from NYK in August last year.

IPO activitystriders.co.jp ↗

Striders Impex IPO price band was set at ₹71 to ₹72 per share. The company raised ₹36.29 crore from the book-building which was a combination of fresh issue of 42.78 lakh equity shares worth ₹32.62 crore and offer for sale of 5.08 lakh shares aggregating to ₹3.66 crore.

Mergers & acquisitionstokyocentury.co.jp ↗

Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders.

Mergers & acquisitionsjal.com ↗

Qantas Airways will sell its 33% stake in Narita-based Jetstar Japan, ending a 14-year joint venture with Japan Airlines and Tokyo Century.

Funding roundsjcas.co.jp ↗

Japanese start-up JCAS Airways (Osaka Kansai) has raised JPY300 million yen (USD2.1 million) in its first Pre-Series A funding round, according to a September 18 media release from the carrier.

IPO activitytokyometro.jp ↗

standout deals included Lineage Inc’s USD 4.4 billion IPO and Tokyo Metro’s USD 3.2 billion listing, both in Japan.

Earningshis.co.jp ↗

H.I.S. $2.50 billion 0.39 $31.62 million $0.40 32.73

Full recorded event mix

Top 10 categories among 126 recorded events in the 24-month window.

Company announcements
51
Contracts
28
IPO activity
13
Earnings
8
Mergers & acquisitions
7
Board Updates
6
Regulatory
4
Asset acquisitions
4
New products
3
Fundraising
1
5 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

2 companies with recorded IPO activity

Striders ↗

IPO · NSE SME3 reports

Tokyo Metro ↗

IPO · Tokyo Stock Exchange (TSE)13 reports

Workforce actions

1 companies with reported reductions

15,600 rolescost reduction

Regulatory events

5 recorded events

AirX ↗

approved for expansion into Saudi ArabiaGeneral Authority of Civil Aviation (GACA)

AirX ↗

approved to operate private jet charter services in Saudi ArabiaGeneral Authority of Civil Aviation

competent authorities

approved for takeoverChina

Litigation

1 tracked suits

Company
LG Electronics, lg chem, lg display, other affiliates v singapore airlines, air france, cathay pacific, JAL, japan a

Price-fixing of fuel surchargesCivil · Ongoing

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Nippon Cargo Airlines→ana cargoAnnounced2026-03-29Not stated in snapshot
ANA HOLDINGS→Nippon Cargo Airlines ↗Completed2026-03-27Not stated in snapshot
Tokyo Century→C Transport MaritimeAnnounced2026-03-02Not stated in snapshot
Japan Airlines→Jetstar JapanAnnounced2026-02-03Not stated in snapshot
ANA HOLDINGS→philippine airlinesAnnounced2026-01-29$95.0M
All Nippon Airways→Nippon Cargo Airlines ↗Completed2025-08-04Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

Recorded hiring and workforce signals from the available source snapshot.

Expand panel +

Most advertised job titles

No repeated job title is supported by this snapshot.

0 internship postings

0 tracked postings mention remote work.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

107 founders and chief executives across 90 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

5 profiles with education records.

Keio University
2
INSEAD
1
Cornell University
1
University of California (Berkeley)
1

Prior employers

5 profiles with prior-work records.

Amazon
2
Uber
1
Goldman Sachs
1
Boston Consulting Group
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

471,634 articles in the measured 12-month window.

Expand panel +
471,634articles in the measured year
99,892articles in 2026Q1
49.6%positive tone in the latest complete year

News volume trends

Travel and Hospitality coverage across Japan · articles per complete quarter

053,511107,021160,532214,0432021Q2: 65,3572021Q22021Q3: 83,8662021Q4: 58,0152022Q1: 70,4682022Q2: 68,7732022Q22022Q3: 72,5422022Q4: 96,5252023Q1: 97,0242023Q2: 95,6192023Q22023Q3: 110,4392023Q4: 90,1162024Q1: 108,2132024Q2: 107,9942024Q22024Q3: 116,4912024Q4: 118,3202025Q1: 142,6632025Q2: 106,6902025Q22025Q3: 186,1242025Q4: 85,8922026Q1: 99,8922026Q1
View quarterly article counts
QuarterArticles
2021Q265,357
2021Q383,866
2021Q458,015
2022Q170,468
2022Q268,773
2022Q372,542
2022Q496,525
2023Q197,024
2023Q295,619
2023Q3110,439
2023Q490,116
2024Q1108,213
2024Q2107,994
2024Q3116,491
2024Q4118,320
2025Q1142,663
2025Q2106,690
2025Q3186,124
2025Q485,892
2026Q199,892

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
123,364 positive · 35,332 neutral · 64,139 negative
2022
168,081 positive · 54,575 neutral · 85,346 negative
2023
235,142 positive · 66,563 neutral · 91,026 negative
2024
247,618 positive · 101,165 neutral · 101,663 negative
2025
258,146 positive · 157,809 neutral · 104,845 negative

Leading coverage topics

Travel and Hospitality coverage across Japan · ranked by full-period article count.

International And Transnational Geographic Entities298,152 articles in the full recorded period
108,090 recent · 81,384 prior
Geopolitical Disputes And Contested Areas298,149 articles in the full recorded period
108,088 recent · 81,384 prior
Administrative And Political Subdivisions298,100 articles in the full recorded period
108,072 recent · 81,367 prior
International Sports Competitions36,692 articles in the full recorded period
6,767 recent · 7,460 prior
International Political Relations34,275 articles in the full recorded period
7,643 recent · 6,877 prior
Olympic Games Coverage25,742 articles in the full recorded period
3,549 recent · 5,642 prior
International Relations And Diplomacy23,863 articles in the full recorded period
4,866 recent · 4,814 prior
Security And Defense Policies23,085 articles in the full recorded period
5,286 recent · 4,475 prior
Trade Policies And Agreements22,408 articles in the full recorded period
9,359 recent · 7,211 prior
Trade Wars And Geopolitical Impacts17,636 articles in the full recorded period
6,229 recent · 5,159 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Travel and Hospitality coverage across Japan

KeywordRecentPriorChange
countries4,1931,858126%
trade dispute mechanisms2,6581,64861%
bilateral trade2,3501,36772%
preferential tariff1,8211,22848%
forex liquidity1,616393311%
exchange rates1,50085775%
tariff rate quota1,49794658%
mfn tariff1,36288953%
gold spot price1,213179578%
usd/jpy1,05558680%
honda forums02,596-100%
olympic team selections8321,887-56%
olympic trials8831,575-44%
summer olympics athletics2361,145-79%
sports in summer olympics160960-83%

Event and signal lenses

Travel and Hospitality coverage across Japan

All complete annual cohorts shown
Rising

Regulatory Risk

775,043 classified articles

territories, disputed islands, countries

24.2% critical · 17.0% positive
Rising

Funding Momentum

74,150 classified articles

inflation reports fx, currency intervention policies, trade deficits fx

40.2% critical · 43.9% positive
Rising

Growth

213,515 classified articles

gdp growth rate, gdp acceleration, economic output growth

33.2% critical · 46.0% positive

Travel and Hospitality coverage across Japan. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Travel and Hospitality in Japan: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put Japan in context

All landscapes ↗

Company ecosystem snapshot: 31 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon