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South Korea Tourism Report Q4 2016

  • September 2016
  • -
  • Business Monitor International
  • -
  • 31 pages

Includes 3 FREE quarterly updates

BMI View:

Strong growth in major source markets has bolstered the tourism sector in 2016 following anoutbreak of the MERS virus in 2015, which headlined a disappointing year overall. South Korea'sgovernment has been a strong supporter of the industry, and although there has not been major investmentof international groups into the country, the selection of Pyeongchang as host city for the 2018 WinterOlympics has helped drive foreign direct investment into the country. Cultural influence across pop musicand television has increased South Korea's appeal across Asia, and proximity to China and Japan opens thecountry to major regional source markets.



Key Updates And Forecasts


- Ahn Hee-Jung, the governor of Chungnam Province, has announced a partnership with room-sharingservice Airbnb in order to help provide accommodation for South Korea's Sports Festival.

- Vantage Hotels has announced a new hotel in Busan under the Lexington brand. The property isscheduled to open in late 2017 and is set to have 340 rooms.

- South Korea has recently announced plans to tighten regulation on tourist operators offering low-qualitypackages. After complaints began to emerge about the standards of some tour operators, the governmenthas become much tougher, revoking some licences. It is hoped that an increase in quality will encouragetourists to travel throughout the country and not just visit Seoul.

Table Of Contents

South Korea Tourism Report Q4 2016
BMI Industry View 5
Table: Key Forecasts (South Korea 2013-2020) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (South Korea 2013-2020) 14
Table: Tourism Receipts (South Korea 2013-2020) 16
Table: Hotel Accommodation (South Korea 2013-2020) 18
Table: Tourist Departures and Consumption (South Korea 2013-2020) 19
Industry Risk/Reward Index 20
Table: Asia Tourism Risk/Reward Index 20
Rewards 21
Risks 21
Market Overview 24
Competitive Landscape 26
Domestic Hotel Groups 26
Table: Domestic Hotel Groups 26
International Hotel Groups 27
Table: International Hotel Groups 27
Methodology 28
Industry Forecast Methodology 28
Risk/Reward Index Methodology 29
Table: Weighting Of Indicators 31

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