Perceived risk is identified in the tourism literature as a major deterrent to a potential tourist's likelihood of visiting a destination. Although the physical-related problems that a tourist may encounter while traveling are discussed, research exploring tourist's perceptions of physical perceived risk is limited. As a tourist's prime concern is to experience a destination's offerings with limited or no threats to their safety and well-being, it is essential to identify what represents perceived physical risk for tourism development and planning purposes. To address this research gap, respondents studying in Australia with an interest in traveling to Japan were surveyed. Three factors that represented perceived physical risk were identified. Furthermore, this study determined that personal characteristics differentiated the students based on their perceived physical risk factors. Theoretical and practical implications from this research are outlined and opportunities for future research are provided.