Industrial Report: Travel And Tourism In South Korea To 2017 : Now at Market-Research-Reports.biz

The report provides detailed market analysis, information and insights, including:

• Historic and forecast tourist volumes covering the entire South Korean travel and tourism sector
• Detailed analysis of tourist spending patterns in South Korea
• The total, direct and indirect tourism output generated by each category within the South Korean travel and tourism sector
• Employment and salary trends for various categories in South Korea's travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
• Detailed market classification across each category with analysis using similar metrics
• Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

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Executive summary

Rapid economic development in Asian countries has benefitted the South Korean travel and tourism sector. The sector’s contribution to the overall economy has increased; in 2012, it was responsible for 5.9% of South Korea’s GDP. According to the World Travel and Tourism Council in 2012, the number of people directly or indirectly employed in tourism is estimated to represent 6.4% of total employment in South Korea.

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Scope
This report provides an extensive analysis related to tourism demands and flows in South Korea:

• It details historical values for the South Korean tourism sector for 2008–2012, along with forecast figures for 2013–2017
• It provides comprehensive analysis of travel and tourism demand factors with values for both the 2008–2012 review period and the 2013–2017 forecast period
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in South Korea
• It provides employment and salary trends for various categories of the travel and tourism sector
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008–2012 review period and the 2013–2017 forecast period

Reasons to buy

• Take strategic business decisions using historic and forecast market data related to the South Korean travel and tourism sector.
• Understand the demand-side dynamics within the South Korean travel and tourism sector, along with key market trends and growth opportunities.
• Identify the spending patterns of domestic, inbound and outbound tourists by individual categories.
• Analyze key employment and compensation data related to the travel and tourism sector in South Korea.

Key highlights

• Based on Timetric forecasts, South Korea’s real GDP is expected to grow by 2.5% in 2013 and 3.6% in 2014, led by a gradual improvement in the global economic output. Timetric expects the economy to expand at an average of 4.6% over 2015–2017, supported by a revival of private consumption and exports.
• The ‘workaholic’ nature of South Koreans is also limiting domestic tourism. According to the Organization for Economic Co-operation and Development (OECD), South Koreans work the longest hours amongst the OECD nations, with rising housing debt forcing them to work through holidays for bonuses and chances of promotion. The country’s occasional social and political instability is another challenge. Political and social stability are key to attracting investment and encouraging tourism, and the strong labor union movement and frequent strikes and demonstrations in South Korea may continue to restrict tourism growth.
• The strengthening of the Korean won against the US dollar is expected to increase the cost of travel and tourism services in Korea. The country also boasts one of the best healthcare systems in Asia and received approximately 80,000 foreign visitors for medical purposes.
• According to the Centre for Asia-Pacific Aviation (CAPA), a duopoly of Korean Air and Asiana Airlines existed in the South Korean aviation market for 20 years. Their domination was broken by the launch of Jeju Air in 2006, giving South Korea its first low-cost alternative. Despite establishing the country as a vibrant ground for potential new carriers, only two amassed scale: Jeju Air and Eastar Jet.
• Accor is the largest international hotel chain in the country, operating 10 hotels with over 2,800 rooms. The company has announced plans to open three new hotels: the 288-room Mercure Ambassador Gangnam scheduled to open by the mid of 2014, the 360-room Ibis Ambassador Insadong scheduled to open in 2014, and the 300-room Novotel Ambassador Seongbuk scheduled to open in 2016.

Table of contents

1 Executive Summary

2 Market Overview
2.1 The Domestic Economy
2.2 Travel and Tourism Trends and Issues
2.3 Tourism SWOT
2.3.1 Strengths
2.3.2 Weaknesses
2.3.3 Opportunities
2.3.4 Threats
2.4 Country Fact Sheet
2.5 Demographic Profile

3 Tourism Flows
3.1 Domestic Tourism
3.1.1 Performance outlook
3.1.2 Key issues and trends
3.2 Inbound Tourism
3.2.1 Performance outlook
3.2.2 Key issues and trends
3.3 Outbound Tourism
3.3.1 Performance outlook
3.3.2 Key issues and trends
3.4 Tourism Flows Forecast Highlights

4 Airlines
4.1 Performance Outlook
4.2 Key Issues and Trends
4.3 Airlines Forecast Highlights

5 Hotels
5.1 Performance Outlook
5.2 Key Issues and Trends
5.3 Hotels Forecast Highlights

6 Car Rental
6.1 Performance Outlook
6.2 Key Issues and Trends
6.3 Car Rental Forecast Highlights

7 Travel Intermediaries
7.1 Performance Outlook
7.2 Key Issues and Trends
7.3 Travel Intermediaries Forecast Highlights

8 Tourism Board Profile
8.1 Tourism Board Name
8.2 Tourist Board Description
8.3 Target Market

9 Airport Profiles
9.1 Airports in South Korea
9.1.1 Overview
9.1.2 Operator profile
9.1.3 Routes

10 Company Profiles – Airlines
10.1 Company Profile: Asiana Airlines Inc.
10.1.1 Asiana Airlines Inc. – company overview
10.1.2 Asiana Airlines Inc. – business description
10.1.3 Asiana Airlines Inc. – main services
10.1.4 Asiana Airlines Inc. – history
10.1.5 Asiana Airlines Inc. – SWOT analysis
10.1.6 Asiana Airlines Inc. – strengths
10.1.7 Asiana Airlines Inc. – weaknesses
10.1.8 Asiana Airlines Inc. – opportunities
10.1.9 Asiana Airlines Inc. – threats
10.1.10 Asiana Airlines Inc. – key competitors

11 Company Profiles – HOTELS
11.1 Company Profile: JW Marriott Hotels South Korea
11.1.1 JW Marriott Hotels South Korea – company overview
11.1.2 JW Marriott Hotels South Korea – main services
11.1.3 JW Marriott Hotels South Korea – key competitors
11.1.4 JW Marriott Hotels South Korea – key employees
11.2 Company Profile: Park Hyatt South Korea
11.2.1 Park Hyatt South Korea – company overview
11.2.2 Park Hyatt South Korea – main services
11.2.3 Park Hyatt South Korea – key competitors
11.2.4 Park Hyatt South Korea – key employees
11.3 Company Profile: Lotte Hotels & Resorts

12 Company Profiles – Car Rental
12.1 Company Profile: KT Kumho Rent a Car
12.1.1 KT Kumho Rent a Car – company overview
12.1.2 KT Kumho Rent a Car – main services
12.1.3 KT Kumho Rent a Car – key competitors
12.1.4 KT Kumho Rent a Car – key employees
12.2 Company Profile: Aju Auto Rental Co., Ltd
12.2.1 Aju Auto Rental Co., Ltd – company overview
12.2.2 Aju Auto Rental Co., Ltd – main services
12.2.3 Aju Auto Rental Co., Ltd – key competitors
12.2.4 Aju Auto Rental Co., Ltd – key employees

13 Company Profiles – Travel Intermediaries
13.1 Company Profile: Modetour Network Inc.
13.1.1 Modetour Network Inc. – company overview
13.1.2 Modetour Network Inc. – main services
13.1.3 Modetour Network Inc. – key competitors
13.1.4 Modetour Network Inc. – key employees
13.2 Company Profile: Jautour Co., Ltd
13.2.1 Jautour Co., Ltd – company overview
13.2.2 Jautour Co., Ltd – main services and brands
13.2.3 Jautour Co., Ltd – key competitors
13.2.4 Jautour Co., Ltd – key employees

14 Market Data Analysis
14.1 Tourism Output
14.1.1 Total tourism output
14.1.2 Direct tourism output
14.1.3 Indirect tourism output
14.1.4 Tourism output per employee
14.1.5 Direct tourism output per employee
14.1.6 Indirect tourism output per employee

15 Appendix
15.1 What is this Report About?
15.2 Definitions
15.3 Methodology
15.4 Contact Timetric
15.5 About Timetric
15.6 Timetric’s Services
15.7 Disclaimer

Table 1: South Korea – Tourist Arrivals from Top 10 Countries (Thousand), 2008–2017
Table 2: South Korea – Tourist Departures to Top 10 Countries (Thousand), 2008–2017
Table 3: Korea Tourism Organization (KTO) – Key Facts and Locations
Table 4: Incheon International Airport – Overview
Table 5: Gimpo International Airport – Overview

Figure 1: South Korea – Tourism Expenditure (US$ Billion), 2008–2017
Figure 2: South Korea – Key Ratios (%), 2008–2017
Figure 3: South Korea – Economic Outlook, 2006–2017
Figure 4: SWOT Analysis of the Travel and Tourism Sector in South Korea
Figure 5: South Korea – Population (Million), 2000–2020

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