Table of Content

Travel in South Korea
Euromonitor International
December 2021

List Of Contents And Tables

TRAVEL IN SOUTH KOREA
EXECUTIVE SUMMARY
Travel in 2021
COVID-19 impact on travel
Company response to COVID-19 in 2021: Airlines and hotels
Impact of COVID-19 on online bookings and travel intermediaries in 2021
What next for travel?
CHART 1 Inbound Receipts: 2021-2026
CHART 2 Average Spend per Trip for Inbound Arrivals: 2021-2026
MARKET DATA
Table 1 Other Transport Sales: Value 2016-2021
Table 2 Other Transport Online Sales: Value 2016-2021
Table 3 Forecast Other Transport Sales: Value 2021-2026
Table 4 Forecast Other Transport Online Sales: Value 2021-2026
Table 5 Activities and Experiences: Value 2016-2021
Table 6 Forecast Activities and Experiences: Value 2021-2026
GLOBAL INDUSTRY ENVIRONMENT
DISCLAIMER
SOURCES
Summary 1 Research Sources
TOURISM FLOWS IN SOUTH KOREA
KEY DATA FINDINGS
2021 IMPACT
Slow progress in COVID-19 vaccine roll-out hurts recovery of travel flows
Domestic trips rise as an alternative to cross-border trips
RECOVERY AND OPPORTUNITIES
Recovery of cross-border travel set to remain highly dependent on vaccine roll-out
Recovery of interest in outdoor activities set to drive growth in domestic trips
The seemingly relentless rise of K-pop culture set to spur inbound tourism flows
CATEGORY DATA
Table 7 Inbound Arrivals: Number of Trips 2016-2021
Table 8 Inbound Arrivals by Country: Number of Trips 2016-2021
Table 9 Inbound City Arrivals 2016-2021
Table 10 Inbound Receipts: Value 2016-2021
Table 11 Forecast Inbound Arrivals: Number of Trips 2021-2026
Table 12 Forecast Inbound Arrivals by Country: Number of Trips 2021-2026
Table 13 Forecast Inbound Receipts: Value 2021-2026
Table 14 Domestic Trips by Destination: Number of Trips 2016-2021
Table 15 Domestic Business Trips by Travel Mode: Number of Trips 2016-2021
Table 16 Domestic Leisure Trips by Travel Mode: Number of Trips 2016-2021
Table 17 Domestic Expenditure: Value 2016-2021
Table 18 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2021-2026
Table 19 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2021-2026
Table 20 Forecast Domestic Expenditure: Value 2021-2026
Table 21 Outbound Departures: Number of Trips 2016-2021
Table 22 Outbound Departures by Destination: Number of Trips 2016-2021
Table 23 Outbound Expenditure: Value 2016-2021
Table 24 Forecast Outbound Departures: Number of Trips 2021-2026
Table 25 Forecast Outbound Departures by Destination: Number of Trips 2021-2026
Table 26 Forecast Outbound Expenditure: Value 2021-2026
AIRLINES IN SOUTH KOREA
KEY DATA FINDINGS
2021 IMPACT
Cargo business and domestic travel rise as a growth driver for airlines
Merger and acquisitions delayed as the industry suffers from COVID-19 impact
RECOVERY AND OPPORTUNITIES
Early bird tickets sales rise as cross-border travel is expected to resume
No-destination flights emerge as low prices attract consumers to duty-free shopping
Low cost carriers rely on price promotions and events to remain competitive
CATEGORY DATA
Table 27 Airlines Sales: Value 2016-2021
Table 28 Airlines Online Sales: Value 2016-2021
Table 29 Airlines: Passengers Carried 2016-2021
Table 30 Airlines NBO Company Shares: % Value 2016-2020
Table 31 Low Cost Carriers Airlines Brands by Key Performance Indicators 2021
Table 32 Scheduled Airlines Brands by Key Performance Indicators 2021
Table 33 Forecast Airlines Sales: Value 2021-2026
Table 34 Forecast Airlines Online Sales: Value 2021-2026
CAR RENTAL (DESTINATION) IN SOUTH KOREA
KEY DATA FINDINGS
2021 IMPACT
Domestic trips and increasing popularity of luxury cars support recovery of car rental
Government promotion of domestic trips benefits car rental
Acquisition of car rental companies by second-hand car player dealer expected to create synergies
RECOVERY AND OPPORTUNITIES
Car rental industry goes electric following the ESG initiative
Shared mobility enjoys growth as consumers embrace diverse transportation modes
CATEGORY DATA
Table 35 Car Rental Sales: Value 2016-2021
Table 36 Car Rental Online Sales: Value 2016-2021
Table 37 Structure of Car Rental Market 2016-2021
Table 38 Car Rental NBO Company Shares: % Value 2016-2020
Table 39 Car Rental Brands by Key Performance Indicators 2021
Table 40 Forecast Car Rental Sales: Value 2021-2026
Table 41 Forecast Car Rental Online Sales: Value 2021-2026
LODGING IN SOUTH KOREA
KEY DATA FINDINGS
2021 IMPACT
Luxury hotels and campsites register the most dynamic growth in 2021
Government bodies and real estate developers acquiring hotels in prime locations
Low demand still in evidence among business travellers and group travel guests
RECOVERY AND OPPORTUNITIES
Social distancing measures to continue limiting occupancy rates for lodging outlets
Conglomerates and international hotel chains open new outlets
Hotels offer flexible options and expand sales channel
CATEGORY DATA
Table 42 Lodging Sales: Value 2016-2021
Table 43 Lodging Online Sales: Value 2016-2021
Table 44 Hotels Sales: Value 2016-2021
Table 45 Hotels Online Sales: Value 2016-2021
Table 46 Other Lodging Sales: Value 2016-2021
Table 47 Other Lodging Online Sales: Value 2016-2021
Table 48 Lodging Outlets: Units 2016-2021
Table 49 Lodging: Number of Rooms 2016-2021
Table 50 Lodging by Incoming vs Domestic: % Value 2016-2021
Table 51 Hotels NBO Company Shares: % Value 2016-2020
Table 52 Hotel Brands by Key Performance Indicators 2021
Table 53 Forecast Lodging Sales: Value 2021-2026
Table 54 Forecast Lodging Online Sales: Value 2021-2026
Table 55 Forecast Hotels Sales: Value 2021-2026
Table 56 Forecast Hotels Online Sales: Value 2021-2026
Table 57 Forecast Other Lodging Sales: Value 2021-2026
Table 58 Forecast Other Lodging Online Sales: Value 2021-2026
Table 59 Forecast Lodging Outlets: Units 2021-2026
ONLINE TRAVEL AND INTERMEDIARIES IN SOUTH KOREA
KEY DATA FINDINGS
2021 IMPACT
Travel intermediaries continues to face challenges due to ongoing travel restriction
Yanolja wins leadership in travel intermediaries as demand for domestic trips rises
Players downsize business operation to survive
RECOVERY AND OPPORTUNITIES
Early-bird travel package sales for vaccinated customers to boost cashflow for category players
Personalised tours and activities to the fore as domestic trips remain the main growth driver
My Real Trip and Yellow Balloon invests in R&D to prepare for post-pandemic travel resumption
From e-commerce to logistics, travel intermediaries expand into new business opportunities
CATEGORY DATA
Table 60 Travel Intermediaries Sales: Value 2016-2021
Table 61 Intermediaries Corporate Business Online Sales: Value 2016-2021
Table 62 Intermediaries Leisure Online Sales: Value 2016-2021
Table 63 Travel Intermediaries NBO Company Shares: % Value 2016-2021
Table 64 Online Travel Sales to Residents: Value 2016-2021
Table 65 Total Mobile Travel Sales to Residents: Value 2016-2021
Table 66 Forecast Travel Intermediaries Sales: Value 2021-2026
Table 67 Forecast Intermediaries Corporate Business Online Sales: Value 2021-2026
Table 68 Forecast Intermediaries Leisure Online Sales: Value 2021-2026
Table 69 Forecast Online Travel Sales to Residents: Value 2021-2026
Table 70 Forecast Total Mobile Travel Sales to Residents: Value 2021-2026