Japanese Fireworks Festivals Raise Premium Seat Prices to Record Highs

Japan's summer hanabi fireworks festivals have seen a surge in premium seating prices, with an average cost of over 40,000 yen ($360,000) for the first time. According to a survey by Japanese credit research firm Teikoku Databank, 80% of major festivals offered paid viewing seats this year, up from last year's 76%. The number of festivals introducing premium seating remained steady at 45, but prices rose significantly, with some events offering camper-van seats equipped with air conditioning and toilets for as much as 500,000 yen ($4.5 million).

The Tonegawa Grand Fireworks Festival in Ibaraki Prefecture has become one of the most expensive events, with premium tickets selling for a staggering 500,000 yen ($4.5 million). The festival's organizers claim that the high prices are necessary due to rising costs, including labor expenses and raw materials. Local governments have also increased security costs to deal with resident complaints about overtourism.

The survey found that the price gap between general and premium seats widened to 7.36 times this year, a record high. The average cost of general seats rose by 16% compared to last year, while premium seats jumped by 23%. Some festivals have been forced to cancel their events due to financial difficulties.