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Atami’s Tourism Plunged After Japan’s Early-1990s Bubble Burst

By Drooid · · How we work

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Story summary
  • Japan’s early-1990s economic bubble burst, causing Atami’s prosperity to collapse.
  • Hotel revenue fell about 25% in the five years after the bubble burst.
  • Dozens of properties were abandoned during that five-year decline.
  • Visitation numbers dropped 55% by 2011 from their peak.
  • The city’s population shrank from roughly 50,000 to about 30,000 residents today.