Sustainable Tourism in South Korea

Sustainable Tourism in South Korea

Summary

Sustainable Tourism in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Sustainable tourism minimizes the negative impacts and maximizes the positive impacts of tourism as an activity while conserving resources or using them wisely to maintain their long-term viability. It takes full account of socioeconomic, cultural, and environmental impacts and addresses the needs of visitors, industry, and host communities. The market scope includes hotels & motels, travel intermediaries (travel agents, direct), food service (commercial food services), and transportation (airlines, passenger rail, road).
• The South Korean sustainable tourism market had total revenues of $0.8 billion in 2023, representing a compound annual growth rate (CAGR) of 0.7% between 2018 and 2023.
• The domestic segment accounted for the market's largest proportion in 2023, with total revenues of $0.4 billion, equivalent to 52.2% of the market's overall value.
• South Korea accounted for 1.3% of the Asia-Pacific sustainable tourism market in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the sustainable tourism market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the sustainable tourism market in South Korea
• Leading company profiles reveal details of key sustainable tourism market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea sustainable tourism market with five year forecasts

Reasons to Buy

• What was the size of the South Korea sustainable tourism market by value in 2023?
• What will be the size of the South Korea sustainable tourism market in 2028?
• What factors are affecting the strength of competition in the South Korea sustainable tourism market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's sustainable tourism market?