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Travel and Tourism in South Korea to 2019

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Summary

Both inbound and domestic trips registered healthy growth during the historic period. However, the outbreak of a deadly virus called Middle East Respiratory Syndrome (MERS) during mid 2015; is expected to show a decline in the number of inbound tourists. In order to attract foreign tourists back to the country, Korea Tourism Organization (KTO) launched its 100-day Tourism Recovery Plan in 2015 through which they can promote the countrys tourism locations, cuisine and other tourism offerings. To promote domestic tourism, in 2014, the President announced measures such as domestic tourism week and alternative holiday systems at the workplaces. Moreover, outbound trips increased in 2014 following the South Korean Won currency appreciation against the Japanese yen and other foreign currencies such as the euro.

Key Findings

- South Koreas travel and tourism sector performed well during the historic period (2009-2014), supported by a rise in both domestic and inbound trips. Moreover, international arrivals increased at a CAGR of 12.78%, while inbound tourist expenditure increased at a historic period CAGR of 8.48%. Korean pop culture, easy visa policies and the improved transport capacity of airlines were a few major factors that can be attributed for the growth of inbound tourism.

- The outbound trips increased in 2014 due to the appreciation of the South Korean Won against the Japanese yen and other foreign currencies such as the euro. However, due to an outbreak of a deadly virus called Middle East Respiratory Syndrome (MERS) during mid 2015, inbound tourism is expected to be adversely affected.

- By 2017, South Korea aims to attract almost 350,000 Russian medical tourists each year. Following the visa-free agreement between both the countries in 2014, South Korea has become easily approachable for the Russians as travelers are allowed to visit in either direction for up to 60 days without a visa. Moreover, in March 2015, an exhibition was held in Sibexpocentre Exhibition Complex in Irkutsk (Russia), demonstrating South Koreas latest achievements aiming to establish business partnership in the field of medicine and medical tourism with Russia, and providing information about traveling in South Korea. Leading Korean medical facilities, tour operators and other organizations working in the field of medical tourism were main part of this exhibition.

- Several hotel chains are expanding in South Korea, for example, Starwood Hotels and Resorts Worldwide has partnered with Parnas Hotel to launch its first Luxury Collection brand in Seoul in 2016. Wyndham Hotel Group is also set to expand its presence in South Korea with 26 new construction hotels, expected to be completed by 2018. Moreover, by November 2015, Best Western (BW) is planning to develop its first urban boutique hotel concept Vib in Seoul.

Synopsis

Canadeans report - Travel and Tourism in South Korea to 2019 provides detailed information on the South Korean tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

- Historic and forecast tourist volumes covering the entire South Korean Travel andTourism sector

- Detailed analysis of tourist spending patterns in South Korea for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound and outbound tourism, with analysis using similar metrics

- Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type - leisure and business travelers

ReasonsToBuy

- Make strategic business decisions using historic and forecast market data related to the South Korean Travel and Tourism sector

- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

- Direct the promotional efforts on most promising markets by identifying the key source and destination countries
Executive Summary
Introduction
Travel and Tourism Sector in Context
Domestic Tourism
Market summary and key developments in South Korean domestic tourism market
Historical and projected figures for domestic trips and domestic expenditure in South Korea
Domestic trips-trips by purpose of visit and by season, average length of trip and overnight stays
Inbound Tourism
Market summary and key developments in South Korean inbound tourism market
Historical and projected figures for inbound trips and inbound expenditure in South Korea
Tourist arrivals from top 10 countries to South Korea
Inbound trips-trips by purpose of visit and mode of transport
Inbound trips-average length of trip and overnight stays
Outbound Tourism
Market summary and key developments in South Korean outbound tourism market
Historical and projected figures for outbound trips and outbound expenditure in South Korea
Tourist departures to top 10 countries from South Korea
Outbound trips-trips by purpose of visit and mode of transport
Outbound trips-average length of trip and overnight stays
Airlines
Market summary and key developments in South Korean airlines industry
Revenues and seats sold in South Korean airlines market
Low cost airlines in South Korea-seats available, seats sold and load factor
Low cost airlines in South Korea-total revenue and revenue per customer
Low cost airlines in South Korea-revenue generating passenger kilometers versus kilometers available
Full service airlines in South Korea-seats available, seats sold and load factor
Full service airlines in South Korea-total revenue and revenue per customer
Full service airlines in South Korea-revenue generating passenger kilometers versus kilometers available
Charter airlines in South Korea-seats available, seats sold and load factor
Charter airlines in South Korea-total revenue and revenue per customer
Charter airlines in South Korea-revenue generating passenger kilometers versus kilometers available
Competitive landscape
Hotels
Market summary and key developments in South Korean hotel industry
Revenues, room nights available and revenue per available room in South Korean hotel industry
Hotel establishments by category and available hotel rooms by category in South Korea
Budget hotels-revenues, room occupancy rates, room nights available and room nights occupied
Budget hotels-revenue per available room and revenue per occupied room
Budget hotels-revenue by customer type and guests by customer type
Midscale hotels-revenues, room occupancy rates, room nights available and room nights occupied
Midscale hotels-revenue per available room and revenue per occupied room
Midscale hotels-revenue by customer type and guests by customer type
Upscale hotels-revenues, room occupancy rates, room nights available and room nights occupied
Upscale hotels-revenue per available room and revenue per occupied room
Upscale hotels-revenue by customer type and guests by customer type
Luxury hotels-revenues, room occupancy rates, room nights available and room nights occupied
Luxury hotels-revenue per available room and revenue per occupied room
Luxury hotels-revenue by customer type and guests by customer type
Competitive Landscape
Car Rental
Market value of car rental industry in South Korea
Car rental value in South Korea by rental type and location, and average revenue per day
Car rental in South Korea-fleet size, rental days and market utilization rate
Travel Intermediaries
Market value of travel intermediaries industry in South Korea
Travel iterediaries olie reveues ad i-store revenues by provider
Airport Profiles
Market Data
Domestic tourism
Inbound tourism
Outbound tourism
Airlines
Hotels
Car rental
Travel intermediaries
Tourism output
Tourism employment
Appendix
Travel and tourism sector definitions

List Of Tables

Table 1: Domestic Trips - Overnight Stays (Million), 2009-2019
Table 2: Average Length of Domestic Trip, 2009-2019
Table 3: Tourist Arrivals from Top 10 Countries (Thousands), 2009-2019
Table 4: Inbound Trips - Overnight Stays (Million), 2009-2019
Table 5: Average Length of Inbound Trip, 2009-2019
Table 6: Tourist Departures to Top 10 Countries (Thousands), 2009-2019
Table 7: Outbound Trips - Overnight Stays (Million), 2009-2019
Table 8: Average Length of Outbound Trip, 2009-2019
Table 9: Seats Available Low Cost Airlines (Million) and Load Factor (%), 2009-2019
Table 10: Total Revenue by Low Cost Airlines (KRW Million) and Revenue per Customer (KRW), 2009-2019
Table 11: Seats Available Full Service Airlines (Million) and Load Factor (%), 2009-2019
Table 12: Total Revenue by Full Service Airlines (KRW Million) and Revenue per Customer (KRW), 2009-2019
Table 13: Seats Available Charter Airlines (Thousand) and Load Factor (%), 2009-2019
Table 14: Total Revenue by Charter Airlines (KRW Million) and Revenue per Customer (KRW), 2009-2019
Table 15: Budget Hotels, Room Occupancy Rates (%)
Table 16: Budget Hotels: Revenue per Occupied Room and Revenue per Available Room (KRW), 2009-2019
Table 17: Midscale Hotels, Room Occupancy Rates (%)
Table 18: Midscale Hotels: Revenue per Occupied Room and Revenue per Available Room (KRW), 2009-2019
Table 19: Upscale Hotels, Room Occupancy Rates (%)
Table 20: Upscale Hotels: Revenue per Occupied Room and Revenue per Available Room (KRW), 2009-2019
Table 21: Luxury Hotels, Room Occupancy Rates (%)
Table 22: Luxury Hotels: Revenue per Occupied Room and Revenue per Available Room (KRW), 2009-2019
Table 23: Top 10 Hotels (Volume), 2014
Table 24: Car Rentals: Average Revenue per Day (KRW), 2009-2019
Table 25: Car Market Utilization Rate(%), 2009-2019
Table 26: Travel Intermediaries Online Revenues by Type of Tourist (KRW Billion), 2009-2019
Table 27: Travel Intermediaries In-Store Revenues by Provider (KRW Billion), 2009-2019
Table 28: Number of Domestic Trips by Purpose (Thousand), 2010-2019
Table 29: Domestic Trips - Overnight Stays (Thousand), 2010-2019
Table 30: Total Domestic Tourism Expenditure by Category (KRW Million), 2010-2019
Table 31: Average Expenditure per Domestic Tourist by Category (KRW), 2010-2019
Table 32: International Arrivals by Region (Thousand), 2010-2019
Table 33: International Arrivals by Purpose of Visit (Thousand), 2010-2019
Table 34: International Arrivals by Mode of Transport (Thousand), 2010-2019
Table 35: Inbound Trips - Overnight Stays (Thousand), 2010-2019
Table 36: Total Inbound Tourism Expenditure by Category (KRW Million), 2010-2019
Table 37: Average Expenditure per Inbound Tourist by Category (KRW), 2010-2019
Table 38: International Departures by Region (Thousand), 2010-2019
Table 39: International Departures by Purpose of Visit (Thousand), 2010-2019
Table 40: International Departures by Mode of Transport (Thousand), 2010-2019
Table 41: Outbound Trips - Overnight Stays (Thousand), 2010-2019
Table 42: Total Outbound Tourism Expenditure by Category (KRW Million), 2010-2019
Table 43: Average Expenditure per Outbound Tourist by Category (KRW), 2010-2019
Table 44: Seats Available by Airline Type (Thousand), 2010-2019
Table 45: Seats Sold by Airline Type - Business Travel (Thousand), 2010-2019
Table 46: Seats Sold by Airline Type - Leisure Travel (Thousand), 2010-2019
Table 47: Load Factor by Airline Type (%), 2010-2019
Table 48: Passenger Kilometers Available by Airline Type (Million), 2010-2019
Table 49: Revenue Generating Passenger Kilometers Available by Airline Type (Million), 2010-2019
Table 50: Revenue per Passenger by Airline Type (KRW), 2010-2019
Table 51: Total Revenue by Airline Type (KRW Million), 2010-2019
Table 52: Establishments by Hotel Category, 2010-2019
Table 53: Available Hotel Rooms by Hotel Category, 2010-2019
Table 54: Room Occupancy Rate by Hotel Category (%), 2010-2019
Table 55: Room Nights Available by Hotel Category (Million), 2010-2019
Table 56: Room Nights Occupied by Hotel Category (Million), 2010-2019
Table 57: Average Revenue per Available Room by Hotel Category (KRW), 2010-2019
Table 58: Revenue per Occupied Room by Hotel Category (KRW), 2010-2019
Table 59: Total Revenue Per Available Room by Hotel Category (KRW), 2010-2019
Table 60: Total Revenue by Hotel Category and Customer Type (KRW Million), 2010-2019
Table 61: Guests by Hotel Category and Customer Type (Thousand), 2010-2019
Table 62: Car Rental - Market Value by Customer Type and Rental Location (KRW Million), 2010-2019
Table 63: Car Rental - Fleet Size, 2010-2019
Table 64: Car Rental Occasions (Thousand), 2010-2019
Table 65: Car Rental Days (Million), 2010-2019
Table 66: Car Rental - Average Rental Length (Days), 2010-2019
Table 67: Car Rental - Market Utilization Rate (%), 2010-2019
Table 68: Car Rental - Average Revenue per Day (KRW), 2010-2019
Table 69: Travel Intermediaries Market Value by Product Type (KRW Million), 2010-2019
Table 70: Travel Intermediaries Online Revenues by Provider (KRW Million), 2010-2019
Table 71: Travel Intermediaries Online Revenues by Type of Tourist (KRW Million), 2010-2019
Table 72: Travel Intermediaries In-store Revenues by Provider (KRW Million), 2010-2019
Table 73: Travel Intermediaries In-store Revenues by Type of Tourist (KRW Million), 2010-2019
Table 74: Travel Agent Revenues from Domestic Tourism by Sales Channel (KRW Million), 2010-2019
Table 75: Travel Agent Revenues from International Tourism by Sales Channel (KRW Million), 2010-2019
Table 76: Tour Operator Revenues from Domestic Tourism by Sales Channel (KRW Million), 2010-2019
Table 77: Tour Operator Revenues from International Tourism by Sales Channel (KRW Million), 2010-2019
Table 78: Other Intermediaries Revenues from Domestic Tourism by Sales Channel (KRW Million), 2010-2019
Table 79: Other Intermediaries Revenues from International Tourism by Sales Channel (KRW Million), 2010-2019
Table 80: Total Tourism Output by Category (KRW Billion), 2010-2019
Table 81: Direct Tourism Output by Category (KRW Billion), 2010-2019
Table 82: Indirect Tourism Output by Category (KRW Billion), 2010-2019
Table 83: Total Tourism Output Generated per Employee by Category (KRW Thousand), 2010-2019
Table 84: Direct Tourism Output Generated per Employee by Category (KRW Thousand), 2010-2019
Table 85: Indirect Tourism Output Generated per Employee by Category (KRW Thousand), 2010-2019
Table 86: Total Tourism Employment by Category (Thousand), 2010-2019
Table 87: Direct Tourism Employment by Category (Thousand), 2010-2019
Table 88: Indirect Tourism Employment by Category (Thousand), 2010-2019
Table 89: Average Salary per Employee by Category (KRW), 2010-2019
Table 90: Total Gross Income Generated by Total Tourism Employment by Category (KRW Million), 2010-2019

List Of Figures

Figure 1: Domestic trips, 2009-2019
Figure 2: Domestic expenditure, 2009-2019
Figure 3: Domestic Tourism by Purpose of Visit (Million), 2009-2019
Figure 4: Number of Trips by Season - Domestic and Outbound(Million), 2014
Figure 7: Inbound Trips, 2009-2019
Figure 8: Inbound Expenditure, 2009-2019
Figure 9: Inbound Tourism by Purpose of Visit (Million), 2009-2019
Figure 10: International Arrivals by Mode of Transport (Million), 2009-2019
Figure 11: Outbound Trips, 2009-2019
Figure 12: Outbound Expenditure, 2009-2019
Figure 13: Outbound Trips by Purpose of Visit (Million), 2009-2019
Figure 14: International Departures by Mode of Transport (Million), 2009-2019
Figure 15: Revenues of Airlines Industry, 2009-2019
Figure 16: Seats Sold in Airlines Industry, 2009-2019
Figure 17: Seats Sold by Low Cost Airlines (Million)
Figure 18: Revenue Generating Passenger Kilometers, versus Kilometers Available (Billion), Low Cost Airlines
Figure 19: Seats Sold by Full Service Airlines (Million)
Figure 20: Revenue Generating Passenger Kilometers, versus Kilometers Available (Billion), Full Service Airlines
Figure 21: Seats Sold by Charter Airlines (Thousand)
Figure 22: Revenue Generating Passenger Kilometers, versus Kilometers Available (Billion), Charter Airlines
Figure 23: Passenger Airlines: Company Market Share by Total Number of Passengers Carried (%), 2014
Figure 24: Revenues of Hotel Industry, 2009-2019
Figure 25: Room Nights Available and Revenue per Available Room, 2009-2019
Figure 26: Hotel Establishments by Category, 2009- 2019
Figure 27: Available Hotel Rooms by Category, 2009-2019
Figure 28: Total Hotel Revenue (KRW Billion), Budget Hotels, 2009-2019
Figure 29: Budget Hotels - Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2009-2019
Figure 30: Budget Hotel Revenue by Customer Type (%), 2014
Figure 31: Budget Hotel Number of Guests by Customer Type (%), 2014
Figure 32: Total Hotel Revenue (KRW Billion), Midscale Hotels, 2009-2019
Figure 33: Midscale Hotels - Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2009-2019
Figure 34: Midscale Hotel Revenue by Customer Type (%), 2014
Figure 35: Midscale Hotel Number by Customer Type (%), 2014
Figure 36: Total Hotel Revenue (KRW Billion), Upscale Hotels, 2009-2019
Figure 37: Upscale Hotels - Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2009-2019
Figure 38: Upscale Hotel Revenue by Customer Type (%), 2014
Figure 39: Upscale Hotel Number by Customer Type (%), 2014
Figure 40: Total Hotel Revenue (KRW Billion), Luxury Hotels, 2009-2019
Figure 41: Luxury Hotels, Revenue per Occupied Room and Revenue per Available Room (KRW), 2009-2019
Figure 42: Luxury Hotel Revenue by Customer Type (%), 2014
Figure 43: Luxury Hotel Number by Customer Type (%), 2014
Figure 44: Market Value of Car Rental Industry, 2009-2019
Figure 45: Car Rental Value by Rental Type and Location (KRW Billion), 2009-2019
Figure 46: Car Fleet Size, Car Rental Days and Average Rental Length, 2009-2019
Figure 47: Market Value of Travel Intermediaries Industry, 2009-2019
Figure 48: Travel Intermediaries Online Revenues by Provider (KRW Billion), 2009-2019

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Reports Details

Published Date : Sep 2015
No. of Pages :113
Country :South Korea
Category :Travel and Tourism
Publisher :Canadean
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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