South Korea Source Tourism Insight Report Including International Departures, Domestic Trips, Key Destinations, Trends, Tourist Profiles, Analysis of Consumer Survey Responses, Spend Analysis, Risks and Future Opportunities, 2023 Update

South Korea Source Tourism Insight Report Including International Departures, Domestic Trips, Key Destinations, Trends, Tourist Profiles, Analysis of Consumer Survey Responses, Spend Analysis, Risks and Future Opportunities, 2023 Update
Summary

GlobalData’s Tourism Source Market Insight: South Korea report provides a thorough insight into the South Korea's domestic and outbound tourism market. 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 Korea's outbound travel market.

Key Highlights

According to GlobalData’s Q3 2021 Consumer Survey, sun and beach is the most popular holiday type for South Korean tourists. Out of XXX respondents XX% said they typically take this holiday type.

As per GlobalData’s Traveller Demands and Flows Database XX% of trips to other countries are for leisure, while only XX% of are for business purpose followed by XX% VFR and XX% for other personal reasons.

South Koreans are fond of gastronomical & cultural holidays. According to GlobalData’s Q3 2021 Consumer Survey XX% of respondents typically take gastronomy holidays, XX% higher than the world’s average and XX% of respondents are more interested in taking cultural holidays.

South Korean outbound tourism had grown to become the third largest source market in the APAC region in XX, when measured by trips. In XX, the number of international departures reached XX million and fell to XXmillion in XX and XXmillion in XX.

ScopeThis report is part of GlobalData's 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 outbound travel market.Reasons to BuyThis report provides clear insight into developments in South Korea's regional 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 Korea 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 country, as well as the risks, to support better business decisions.This report examines the impact of COVID-19 on South Korea's outbound and domestic tourism.