According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2023, having grown by 2.5% in 2022. A key growth market will be the infrastructure market, with output rising by 1.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five hotel construction projects that commenced in Japan in Q3 2023, according to GlobalData’s construction projects database.
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1. Niseko Hotel
The project involves the construction of a six-story hotel building with a floor area of 20,000m2 on 1.17ha of land comprising 482 rooms in Niseko, Hokkaido.
Construction work started in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to provide better leisure facilities in the region. Buy the profile here.
2. Block 62 Minatomirai 21 Hotel
The project involves the construction of a 60m high, 91,788m2, 14-story hotel on 2.2ha of land in Yokohama, Kanagawa.
Construction work commenced in Q3 2023 and is expected to finish in Q3 2026.
The project aims to provide better hospitality facilities in the region. Buy the profile here.
3. Miyakojima Turiver Area Phase 2nd Hotel Project
The project involves the construction of a 22,037 m2, 12-story hotel comprising 318 rooms on 4.59ha of land in Miyakojima City, Okinawa Prefecture.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The project aimed to provide better hospitality facilities in the region. Buy the profile here.
4. Hoshino Resorts RISONARE Shimonoseki
The project involved the construction of a 19,181.70m2 three, 12-story hotel building comprising 187 rooms on 1.41ha of land in Shimonoseki City, Yamaguchi Prefecture.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to provide better leisure facilities to the people in the region. Buy the profile here.
5. Tonarie Kitahiroshima Commercial Complex
The project involves the construction of a 14-story commercial building with a total floor area of 17,881m2 in Hokkaido.
Construction work started in Q3 2023 and is expected to be completed in Q1 2025.
The project intends to have commercial facilities such as select shops selling agricultural and livestock products produced in Kitahiroshima and its surrounding areas on the first floor and space to manufacture and sell sweets and bread. In addition to the restaurant area, the second floor will feature a large screen for public viewing of sports such as baseball. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
