South Korea Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027
Summary
Travel & Tourism in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
- The South Korean travel and tourism industry had total revenues of $189.5 billion in 2022, representing a compound annual growth rate (CAGR) of 2.7% between 2017 and 2022.
- Food service was the industry's largest segment in 2022, with total revenues of $126.7 billion, equivalent to 66.9% of the industry's overall value.
- Seoul, Busan, Seogwipo, Daegu, Jeju City and Gangneung are some of the popular tourist cities across South Korea. The country receives majority of the international tourists from China.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in South Korea
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea travel & tourism market with five year forecasts by both value and volume
- What was the size of the South Korea travel & tourism market by value in 2022?
- What will be the size of the South Korea travel & tourism market in 2027?
- What factors are affecting the strength of competition in the South Korea travel & tourism market?
- How has the market performed over the last five years?
- Who are the top competitors in South Korea's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players in the foodservice industry?
- 7.2. What strategies do these leading players follow?
- 7.3. How is technology being used by these leading companies?
- 7.4. How are consumer and cultural trends impacting foodservice companies?
- 7.5. Who are the leading players in the hotels and motels industry?
- 7.6. What strategies do the leading players follow?
- 7.7. What are the strengths of leading players?
- 7.8. How is technology being used by these leading companies?
- 7.9. Are there any threats to these leading players?
- 8 Company Profiles
- 8.1. CJ Corp
- 8.2. McDonald's Corp
- 8.3. Wyndham Hotels & Resorts Inc
- 8.4. MPK Group Inc
- 8.5. Domino's Pizza, Inc.
- 8.6. Starbucks Corporation
- 8.7. Asiana Airlines Inc
- 8.8. Lotte Hotels & Resorts Co Ltd
- 8.9. JEJU AIR Co., Ltd.
- 8.10. Marriott International Inc
- 8.11. Korean Air Lines Co Ltd
- 8.12. T'way Air co., Ltd.
- 8.13. Benikea Hotel KP
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea travel & tourism industry value: $ billion, 2017–22(e)
- Table 2: South Korea travel & tourism industry category segmentation: % share, by value, 2017–2022(e)
- Table 3: South Korea travel & tourism industry category segmentation: $ billion, 2017-2022
- Table 4: South Korea travel & tourism industry geography segmentation: $ billion, 2022(e)
- Table 5: South Korea travel & tourism industry value forecast: $ billion, 2022–27
- Table 6: CJ Corp: key facts
- Table 7: CJ Corp: Annual Financial Ratios
- Table 8: CJ Corp: Key Employees
- Table 9: McDonald's Corp: key facts
- Table 10: McDonald's Corp: Annual Financial Ratios
- Table 11: McDonald's Corp: Key Employees
- Table 12: McDonald's Corp: Key Employees Continued
- Table 13: McDonald's Corp: Key Employees Continued
- Table 14: Wyndham Hotels & Resorts Inc: key facts
- Table 15: Wyndham Hotels & Resorts Inc: Annual Financial Ratios
- Table 16: Wyndham Hotels & Resorts Inc: Key Employees
- Table 17: MPK Group Inc: key facts
- Table 18: MPK Group Inc: Annual Financial Ratios
- Table 19: MPK Group Inc: Key Employees
- Table 20: Domino's Pizza, Inc.: key facts
- Table 21: Domino's Pizza, Inc.: Annual Financial Ratios
- Table 22: Domino's Pizza, Inc.: Key Employees
- Table 23: Domino's Pizza, Inc.: Key Employees Continued
- Table 24: Starbucks Corporation: key facts
- Table 25: Starbucks Corporation: Annual Financial Ratios
- Table 26: Starbucks Corporation: Key Employees
- Table 27: Starbucks Corporation: Key Employees Continued
- Table 28: Starbucks Corporation: Key Employees Continued
- Table 29: CRG Holdings, LLC : key facts
- Table 30: Asiana Airlines Inc: key facts
- Table 31: Asiana Airlines Inc: Annual Financial Ratios
- Table 32: Asiana Airlines Inc: Key Employees
- Table 33: Lotte Hotels & Resorts Co Ltd: key facts
- Table 34: Lotte Hotels & Resorts Co Ltd: Key Employees
- Table 35: JEJU AIR Co., Ltd.: key facts
- Table 36: JEJU AIR Co., Ltd.: Annual Financial Ratios
- Table 37: JEJU AIR Co., Ltd.: Key Employees
- Table 38: Marriott International Inc: key facts
- Table 39: Marriott International Inc: Annual Financial Ratios
- Table 40: Marriott International Inc: Key Employees
- Table 41: Marriott International Inc: Key Employees Continued
- Table 42: Marriott International Inc: Key Employees Continued
- Table 43: Marriott International Inc: Key Employees Continued
- Table 44: Korean Air Lines Co Ltd: key facts
- Table 45: Korean Air Lines Co Ltd: Annual Financial Ratios
- Table 46: Korean Air Lines Co Ltd: Key Employees
- Table 47: T'way Air co., Ltd.: key facts
- Table 48: T'way Air co., Ltd.: Annual Financial Ratios
- Table 49: T'way Air co., Ltd.: Key Employees
- Table 50: Benikea Hotel KP: key facts
- Table 51: South Korea size of population (million), 2018–22
- Table 52: South Korea gdp (constant 2005 prices, $ billion), 2018–22
- Table 53: South Korea gdp (current prices, $ billion), 2018–22
- Table 54: South Korea inflation, 2018–22
- Table 55: South Korea consumer price index (absolute), 2018–22
- Table 56: South Korea exchange rate, 2018–22
- List of Figures
- Figure 1: South Korea travel & tourism industry value: $ billion, 2017–22(e)
- Figure 2: South Korea travel & tourism industry category segmentation: $ billion, 2017-2022
- Figure 3: South Korea travel & tourism industry geography segmentation: % share, by value, 2022(e)
- Figure 4: South Korea travel & tourism industry value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in South Korea, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in South Korea, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in South Korea, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in South Korea, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in South Korea, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in South Korea, 2022
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