October 26, 2017 — Tokyo, Japan
Event: Japan Summit: 2017
Presentation: Beyond 2020: Boosting Tourism in the Long Term
In 2013, Japan welcomed 10m foreign visitors; three years later, that number had more than doubled. Now, the government’s sights are set on bringing in 40m tourists per year by the time Tokyo hosts the 2020 Olympics. Tourism-related industries such as retail, hospitality, transportation and even health care could be set for a considerable commercial windfall. Yet, to boost the number of visitors and prepare the country to accommodate them, the government must invest in building and upgrading airports and railways. It must also support the construction of hotel rooms and other infrastructure to handle the influx. Service industries must also learn how to cater to non-Japanese. Though a staggering amount of investment will be required, developing the tourism sector could provide long-lasting benefits that go far beyond 2020—if it is done correctly.
- How can Japan boost visitor numbers?
- What needs to be done to make the country tourist-ready?
- Which industries stand to benefit? Could new ones—such as gaming and casinos—spring up due to an increase in tourism?
- What impact could a tourism boom have on investment and the economy more broadly?
Speakers: Ray Fujii, Partner, L.E.K. Consulting, David Atkinson, Chairman and President, Konishi Decorative Arts and Crafts Co.
Date/Location: October 26, 2017 Hotel Okura Tokyo, Japan
Time: 10:55 am — 11:40 am
About Ray Fujii:
Ray Fujii is a Partner and the Representative Director of L.E.K. Consulting’s Japan practice. He has more than 17 years of experience directing consulting engagements focused on corporate strategy development, mergers and acquisitions, operational and organizational issues, and performance improvement. Ray has advised a diverse range of clients across a broad range of industries that include pharmaceuticals, medical technologies, diagnostics, consumer products, financial sponsors, industrial products, and travel and leisure.
Prior to joining L.E.K., Ray was a financial advisor with Lazard Frères and Lehman Brothers. He started his career as a management consultant with PricewaterhouseCoopers and joined Johnson & Johnson as a manager after completing his MBA program. He earned his Bachelor of Arts in Biology from Washington University in St. Louis, and he also received his Master of Business Administration from the Olin School of Business at Washington University. He is a native of Japan and fluent in English and Japanese.
About Japan Summit 2017
Japan Summit 2017: A new dawn? will bring together government officials, senior business leaders, entrepreneurs, and experts from think-tanks and academia. In a day of lively debate, they will explore whether Japan can take advantage of current global and domestic trends, and discuss how the public and private sectors can work together to put the country back on the path to strong and steady long-term growth.
About L.E.K. Consulting:
L.E.K. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. The firm advises and supports global companies that are leaders in their industries — including the largest private and public sector organizations, private equity firms and emerging entrepreneurial businesses. Founded in 1983, L.E.K. employs more than 1,200 professionals across the Americas, Asia-Pacific and Europe. For more information, go to www.lek.com.