In 2023, international arrivals in South Korea stood at 18.8 million. The forecasted data for the coming years shows a steady upwards trajectory: 19.592 million in 2024, 20.42 million in 2025, 21.24 million in 2026, 22.051 million in 2027, and 22.854 million in 2028. This indicates a healthy annual growth rate.
Year-on-year variations show:
- 2024: +4.21%
- 2025: +4.22%
- 2026: +4.01%
- 2027: +3.67%
- 2028: +3.64%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.95% per year.
Future trends to watch include increasing regional tourism driven by relaxed visa policies and marketing initiatives, recovery in global travel sentiment, and potential economic fluctuations affecting international travel budgets. Additionally, emerging markets and new flight routes could further influence the steady growth in arrivals.
