The Net Operating Surplus in Accommodation and Food Services in South Korea stood at 11.450 trillion South Korean Wons in 2023. From 2024, the figures are forecasted to be 11.784 trillion in 2024, 12.003 trillion in 2025, 12.218 trillion in 2026, 12.428 trillion in 2027, and 12.635 trillion in 2028. The year-on-year percentage increase is 2.9% from 2023 to 2024, 1.9% from 2024 to 2025, 1.8% from 2025 to 2026, 1.7% from 2026 to 2027, and 1.7% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.8%.
Future trends to watch for include shifts in consumer behavior post-pandemic, impacts of inflation, and the introduction of new technologies or regulations in the accommodation and food services sector, which could influence operational efficiency and profitability.
