Travel & Tourism in South Korea

Travel & Tourism in South Korea


Travel & Tourism in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). 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.

– The South Korean Travel & Tourism industry had total revenues of $127.7bn in 2018, representing a compound annual growth rate (CAGR) of 4.3% between 2014 and 2018.

– The Foodservice segment was the industry’s most lucrative in 2018, with total revenues of $86.3bn, equivalent to 67.6% of the industry’s overall value.

– The increasing popularity of K-Pop – South Korean pop music – in the region has helped to encourage visitors from abroad to visit. Such has been the impact many believe the effect will be lasting.


– 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

Reasons to Buy

– What was the size of the South Korea travel & tourism market by value in 2018?

– What will be the size of the South Korea travel & tourism market in 2023?

– 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?

– What are the main segments that make up South Korea’s travel & tourism market?

Companies Mentioned:

CJ Corp

McDonald’s Corp

Kangwon Land Inc

Korean Air Lines Co Ltd

MPK Group Inc

Grand Korea Leisure Co Ltd

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: *Industry Press Release is a part of Research By Markets.