The number of excursionists in South Korea showed significant fluctuations from 2013 to 2023, with a peak in 2019 (182.37 million) just before the pandemic-induced drop in 2020 (136.75 million). The COVID-19 impact is evident in the -25.02% drop for 2020. However, a steady recovery is noticed from 2021 to 2023, with values leading to 173.5 million in 2023.
Year-on-year variations over the past two years are:
- 2022: +11.98%
- 2023: +8.43%
The Compound Annual Growth Rate (CAGR) over the past 5 years stood at 3.24%. Forecast data suggests a continuing upward trend, reaching 198.08 million by 2028, with a 5-year forecasted CAGR of 2.1%.
Future trends to watch for include sustained recovery from COVID-19 impacts, potential increases due to promotional tourism and events, and shifts due to economic or geopolitical factors.
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