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South Korea: Hotels & Motels Industry Report

  • September 2017
  • 39 pages
  • ID: 177333
In this report:
The South Korean hotels & motels industry's total revenue valued of $##.##bn in 2016, representing a compound annual growth rate (CAGR) of ##.##% between 2012 and 2016.
The industry's volume is expected to rise to ##.## establishments by the end of 2021, representing a CAGR of ##.##% over 2016-2021.
Leisure was the industry's most lucrative sector in 2016, with total revenues of $##.##bn, equivalent to ##.##% of the industry's overall value.

Summary

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Hotels & Motels in South Korea

Brief

Hotels & Motels in South Korea industry profile offers broad overview information containing: market size (value and volume between 4 years (2012-2016), and outlook to 2021). The report also offers details of the top players, including main business metrics and analysis of the competitive environment within the market.

Abstract

Fundamental source for important data and analysis covering the South Korea hotels & motels industry. Contains industry size and segmentation information, textual and graphical study of business growth trends, dominant companies and macroeconomic data.

Key Findings

- The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, including casinos, shops and telecommunication services.

- The South Korean hotels & motels industry's global revenue valued of $5.7bn in 2016, totalling a CAGR of 1.90 percent in the timespan 2012-2016.

- Industry consumption amount expanded with a compound annual growth rate of 1.90 percent in the timespan 2012-2016, to attain a total of 727.0 establishments in 2016.

- Though demand in the South Korean hotels industry has been strong overall, it showcased weak growth in 2015. The contraction incurred in 2015 was a result of weaker demand due to the disruption of the MERS crisis and a reduced number of Chinese tourists amid political tensions between the two countries, leading occupancy rates and prices to fall. Additionally, the depreciation of the Japanese Yen in that year also reduced demand of Japanese tourists. In 2016, foreign visitors increased by 30.30 percent compared to 2015, boosting revenues of hotel operators, despite a slight drop in the average price of accommodation as occupancy rates remained relatively low.

Overview

- Obtain entry-level research easily and quickly by finding key elements, such as size, growth, main segments and key actors in the hotels & motels industry in South Korea (KR)

- Porter's five forces analysis will help you define the competitive concentration and thus the appeal of the hotels & motels industry in South Korea (KR)

- Dominant company profiles show details of key hotels & motels market actors' overall activities and financial performance

- Improve your presentations and pitches by apprehending the growth projections of the South Korea hotels & motels segment with 5 years predictions by both value and volume

Purposes to acquire this study

- What was the size of the South Korea hotels & motels market worth in 2016?

- What will be the size of the South Korea hotels & motels industry in 2021?

- What factors are influencing the force of competition in the South Korea hotels & motels industry?

- How has the sector performed over the final five years?

- What are the top segments that make up South Korea's hotels & motels industry?

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