The forecast of international sea passenger transport expenditure in South Korea shows a consistent decline from 0.07% of total international tourism expenditure in 2024 to 0.05% by 2028. The year-on-year variation from 2024 to 2025 is -14.3%, stabilizing in subsequent years with a steady -16.7% decrease by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately -8%. This downward trend suggests a gradual reduction in the expenditure share dedicated to international sea travel over the next five years.
Future trends to watch for include shifts in consumer preferences towards other modes of international travel, potential impacts of economic fluctuations, and any advancements or innovations in sea transport that might alter passenger expenditure patterns.
