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South Korea Tourism Report Q1 2016

  • November 2015
  • -
  • Business Monitor International
  • -
  • 28 pages

Includes 3 FREE quarterly updates

BMI View: South Korea's tourism industry demonstrates significant growth potential. The country boastsnumerous attractions and continues to expand both domestic and international travel connections in orderto facilitate growth in the tourism market. The hotel and accommodation sector is relativelyunderdeveloped, particularly outside of the capital, and with visitor numbers increasing we expect to seesignificant investment in new hotels, including a focus on high-end and luxury properties. While there arerisks to potential growth, such as a further MERS outbreak or increase in tension with the country'snorthern neighbour, the present outlook for South Korea's tourism industry is highly positive, making thisan attractive investment destination.

Key Updates and Forecasts

? South Korea's hotel sector continues to attract investment, with leading global hotel groups Hilton andStarwood both launching new properties in 2016 and 2017.

? International air connections are also expanding, with Chinese airline Lucky Air recently launching anew flight route between Kunming and Jeju in South Korea, which is also receiving new flightconnections by Sichuan Airlines.

Table Of Contents

South Korea Tourism Report Q1 2016
BMI Industry View 5
Table: Key Forecasts (South Korea 2012-2019) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (South Korea 2012-2019) 13
Table: Tourism Receipts (South Korea 2012-2019) 14
Table: Hotel Accommodation (South Korea 2012-2019) 17
Table: Tourist Departures And Consumption (South Korea 2012-2019) 18
Industry Risk/Reward Index 19
Table: Asia Tourism Risk/Reward Index 19
Market Overview 21
Competitive Landscape 23
Domestic Hotel Groups 23
Table: Domestic Hotel Groups 23
International Hotel Groups 24
Table: International Hotel Groups 24
Methodology 25
Industry Forecast Methodology 25
Risk/Reward Index Methodology 26
Table: Weighting Of Indicators 28

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