Travel and Tourism in South Korea to 2017:Industry Analysis Report

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Travel and Tourism in South Korea to 2017:Industry Analysis Report
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Travel and Tourism in South Korea to 2017:Industry Analysis Report

  1. 1. Travel and Tourism in South Korea to 2017 Synopsis 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 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. 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 Travel and Tourism in South Korea to 2017
  2. 2. 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. KT Kumho Rent-a-Car is the leading car rental company in South Korea. It operates through a network of 101 branches and offices nationwide. It also provides overseas reservation services in association with Hertz. Avis South Korea, a subsidiary of Avis Rent A Car Inc., is the other major rental car company in South Korea with a branch network of 130. German car rental company, Sixt, also has operations in the country, while other local car rental companies include Car Rental Korea and Jeju Rent a Car. Travel agency regulations removed restrictions on setting up branch offices for foreign-invested travel agencies in 2009, allowing them to establish branches following direct registration with the Ministry of Culture, Sports and Tourism of Korea. In 2011, Living Social, a US-based e-commerce website, acquired Ticket Monster, one of the largest South Korean websites for daily deals on travel and tourism services. 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 Travel and Tourism in South Korea to 2017
  3. 3. 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 Travel and Tourism in South Korea to 2017
  4. 4. 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 10.1.11 Asiana Airlines Inc. – Key Employees 10.2 Company Profile: Korean Air Lines Co., Ltd 10.2.1 Korean Air Lines Co., Ltd – Company Overview 10.2.2 Korean Air Lines Co., Ltd – Business Description 10.2.3 Korean Air Lines Co., Ltd – Main Services And Brands 10.2.4 Korean Air Lines Co., Ltd – History 10.2.5 Korean Air Lines Co., Ltd – Swot Analysis 10.2.6 Korean Air Lines Co., Ltd – Strengths 10.2.7 Korean Air Lines Co., Ltd – Weaknesses 10.2.8 Korean Air Lines Co., Ltd – Opportunities 10.2.9 Korean Air Lines Co., Ltd – Threats 10.2.10 Korean Air Lines Co., Ltd – Key Competitors 10.2.11 Korean Air Lines Co., Ltd – Key Employees 10.3 Company Profile: Jeju Air 10.3.1 Jeju Air – Company Overview 10.3.2 Jeju Air – Main Services 10.3.3 Jeju Air – Key Competitors 10.3.4 Jeju Air – Key Employees 10.4 Company Profile: Air Busan Co., Ltd 10.4.1 Air Busan Co., Ltd – Company Overview 10.4.2 Air Busan Co., Ltd – Main Services 10.4.3 Air Busan Co., Ltd – Key Competitors 10.4.4 Air Busan Co., Ltd – Key Employees 10.5 Company Profile: Jin Air Co. Ltd 10.5.1 Jin Air Co. Ltd – Company Overview 10.5.2 Jin Air Co. Ltd – Main Services 10.5.3 Jin Air Co. Ltd – Key Competitors Travel and Tourism in South Korea to 2017
  5. 5. 10.5.4 Jin Air Co. Ltd – Key Employees 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 11.3.1 Lotte Hotels & Resorts – Company Overview 11.3.2 Lotte Hotels & Resorts – Main Services 11.3.3 Lotte Hotels & Resorts – Key Competitors 11.3.4 Lotte Hotels & Resorts – Key Employees 11.4 Company Profile: The Westin Chosun South Korea 11.4.1 The Westin Chosun South Korea – Company Overview 11.4.2 The Westin Chosun South Korea – Main Services 11.4.3 The Westin Chosun South Korea – Key Competitors 11.4.4 The Westin Chosun South Korea – Key Employees 11.5 Company Profile: Hotel Shilla Co., Ltd 11.5.1 Hotel Shilla Co., Ltd – Company Overview 11.5.2 Hotel Shilla Co., Ltd – Main Services 11.5.3 Hotel Shilla Co., Ltd – Key Competitors 11.5.4 Hotel Shilla Co., Ltd – Key Employees 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 12.3 Company Profile: Sixt Rent A Car (south Korea) Travel and Tourism in South Korea to 2017
  6. 6. 12.3.1 Sixt Rent A Car (south Korea) – Company Overview 12.3.2 Sixt Rent A Car (south Korea) – Main Services 12.3.3 Sixt Rent A Car (south Korea) – Key Competitors 12.3.4 Sixt Rent A Car (south Korea) – Key Employees 12.4 Company Profile: Redcaptour Co., Ltd 12.4.1 Redcaptour Co., Ltd – Company Overview 12.4.2 Redcaptour Co., Ltd – Main Services 12.4.3 Redcaptour Co., Ltd – Key Competitors 12.4.4 Redcaptour Co., Ltd – Key Employees 12.5 Company Profile: Aj Rent A Car Co., Ltd 12.5.1 Aj Rent A Car Co., Ltd – Company Overview 12.5.2 Aj Rent A Car Co., Ltd – Main Services 12.5.3 Aj Rent A Car Co., Ltd – Key Competitors 12.5.4 Aj Rent A Car 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 13.3 Company Profile: Four Seasons Tours & Travel Inc. 13.3.1 Four Seasons Tours & Travel Inc. – Company Overview 13.3.2 Four Seasons Tours & Travel Inc. – Main Services 13.3.3 Four Seasons Tours & Travel Inc. – Key Competitors 13.3.4 Four Seasons Tours & Travel Inc. – Key Employees 13.4 Company Profile: Bridge Travel Co., Ltd 13.4.1 Bridge Travel Co., Ltd – Company Overview 13.4.2 Bridge Travel Co., Ltd – Main Services 13.4.3 Bridge Travel Co., Ltd – Key Competitors 13.4.4 Bridge Travel Co., Ltd – Key Employees 13.5 Company Profile: Hana Tour Service Inc. 13.5.1 Hana Tour Service Inc. – Company Overview 13.5.2 Hana Tour Service Inc. – Main Services 13.5.3 Hana Tour Service Inc. – Key Competitors 13.5.4 Hana Tour Service Inc. – Key Employees Travel and Tourism in South Korea to 2017
  7. 7. 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 14.2 Tourism Employment 14.2.1 Total Tourism Employment 14.2.2 Direct Tourism Employment 14.2.3 Indirect Tourism Employment 14.2.4 Tourism Employee Compensation 14.2.5 Total Gross Income Generated By Total Tourism Employment 14.3 Domestic Tourism 14.3.1 Domestic Trips By Purpose Of Visit 14.3.2 Number Of Overnight Stays 14.3.3 Total Domestic Tourist Expenditure 14.3.4 Average Expenditure Per Domestic Tourist By Category 14.4 Inbound Tourism 14.4.1 International Arrivals By Region 14.4.2 International Arrivals By Purpose Of Visit 14.4.3 Total Inbound Tourism Expenditure By Category 14.4.4 Average International Tourist Expenditure By Category 14.5 Outbound Tourism Flows 14.5.1 International Departures By Region 14.5.2 International Departures By Purpose Of Visit 14.5.3 Number Of Overnight Stays 14.5.4 Total Outbound Tourism Expenditure By Category 14.5.5 Average Outbound Expenditure Per Resident By Category 14.6 Airlines 14.6.1 Seats Available 14.6.2 Seats Sold By Carrier Type – Business Travel 14.6.3 Seats Sold By Carrier Type – Leisure Travel 14.6.4 Load Factor By Carrier Type 14.6.5 Passenger Kilometers Available By Carrier Type 14.6.6 Revenue-generating Passenger Kilometers By Carrier Type 14.6.7 Revenue Per Passenger By Carrier Type 14.6.8 Total Revenue By Carrier Type 14.7 Hotels 14.7.1 Establishments By Hotel Category 14.7.2 Available Rooms By Hotel Category 14.7.3 Room Occupancy Rate By Hotel Category Travel and Tourism in South Korea to 2017
  8. 8. 14.7.4 Room Nights Available By Hotel Category 14.7.5 Room Nights Occupied By Hotel Category 14.7.6 Average Revenue Per Available Room By Hotel Category 14.7.7 Revenue Per Occupied Room By Hotel Category 14.7.8 Total Revenue Per Available Room By Hotel Category 14.7.9 Total Revenue By Hotel Category And Customer Type 14.7.10 Guests By Hotel Category And Customer Type 14.8 Car Rentals 14.8.1 Market Value By Customer Type And Rental Location 14.8.2 Fleet Size 14.8.3 Rental Occasions And Days 14.8.4 Rental Length 14.8.5 Average Rental Length 14.8.6 Utilization Rate 14.8.7 Average Revenue Per Day 14.9 Travel Intermediaries 14.9.1 Market Value By Product Type 14.9.2 Online Revenues By Type Of Intermediary Or Provider 14.9.3 Online Revenues By Type Of Tourist 14.9.4 In-store Revenues By Type Of Intermediary 14.9.5 In-store Revenues By Type Of Tourist 14.9.6 Travel Agent Revenues From Domestic Tourism, By Sales Channel 14.9.7 Travel Agent Revenues From International Tourism By Sales Channel 14.9.8 Tour Operator Revenues From Domestic Tourism, By Sales Channel 14.9.9 Tour Operator Revenues From International Tourism, By Sales Channel 14.9.10 Other Intermediaries Revenues From Domestic Tourism, By Sales Channel 14.9.11 Other Intermediaries Revenues From International Tourism By Sales Channel 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 ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on Travel and Tourism in South Korea to 2017
  9. 9. which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Travel and Tourism in South Korea to 2017

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