Tourism Source Market Insight: South Korea : ResearchByMarkets.com

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Tourism Source Market Insight: South Korea

Summary

Tourism Source Market Insight: South Korea report provides a thorough insight into the South Korean domestic and outbound tourism markets. The report looks at the profiles of South Korean tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the South Korean outbound travel market.

Key Highlights

– In 2018, South Koreans spent a total of US$33.4bn in outbound tourism and US$56.8bn in domestic tourism.
– On average, domestic Korean tourists spend US$42.58 per day of trip, a figure that is expected to drop to US$40.59 in 2019.
– With 49.6 million trips taken in 2018 (domestic and international included), the 35-49 age group represents the largest cohort of holiday takers in South Korea.

Scope

– This report is part of Source Market Insights Series. This report provides an in-depth analysis of traveler flows, spending patterns, main destination markets, as well as current and future opportunities for tourism businesses seeking to tap into the South Korean outbound travel market.

Reasons to buy

– This report provides clear insight into developments in the South Korean domestic and outbound tourism markets.
– The report uses data and analysis to discuss future trends related to domestic trips, international departures, traveler spending, and main destination markets.
– The report explores the different profiles of South Korean tourists and the reasons that they travel, hence providing an insight into the trends in different segments of the market.
– The reader gains a strong understanding of the opportunities in the South Korean market, as well as the risks, to support better business decisions.

Companies Mentioned:
Jeju Air
Jin Air
Cebu Pacific
VietJet Air
Air Asia
Lucky Air
Peach
Scoot


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.