Official land-price data show Tokyo and Osaka posting notable gains, while Nagoya City’s residential land rose 3.1% and commercial land 4.5% year on year, lagging Tokyo and Osaka; other cities like Fukuoka and Sendai also outperformed Nagoya. Nagoya’s inbound tourism remains unusually weak despite some growth: in 2024, Aichi Prefecture (including Nagoya) recorded about 3.07 million foreign guest nights, ranking ninth nationwide, far behind Tokyo’s 39.38 million and Osaka’s 19.66 million. Nagoya lacks major attractions drawing foreign visitors; while Nagoya Castle attracts foreigners, their share is only about 28%. Other draws such as Atsuta Shrine, Toyota Industry Technology Museum, Noritake no Mori, and Legoland exist but do not compensate. The city’s established shopping streets are trying to attract inbound tourists, but Nagoya still lags behind Tokyo and Osaka. It also fares poorly as a school-trip destination, not ranking in the top 20 in 2024 for junior high or high school trips. The wide roads and urban layout, with commercial districts clustered around a few stations, can hinder cohesive pedestrian and shopping flows.