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Hotels & Motels in South Korea

Hotels & Motels in South Korea

Summary

Hotels & Motels in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis

Essential resource for top-line data and analysis covering the South Korea hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights

  • The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
  • The South Korean hotels & motels industry’s total revenue valued of $5.7bn in 2016, representing a compound annual growth rate (CAGR) of 1.9% between 2012 and 2016.
  • Industry consumption volume increased with a CAGR of 1.9% between 2012 and 2016, to reach a total of 727.0 establishments in 2016.
  • Though demand in the South Korean hotels industry has been strong overall, it showcased weak growth in 2015. The contraction incurred in 2015 was a result of weaker demand due to the disruption of the MERS (Middle East respiratory syndrome outbreak) crisis and a reduced number of Chinese tourists amid political tensions between the two countries, leading occupancy rates and prices to fall. Additionally, the depreciation of the Japanese Yen in that year also reduced demand of Japanese tourists. In 2016, foreign visitors increased by 30.3% compared to 2015, boosting revenues of hotel operators, despite a slight drop in the average price of accommodation as occupancy rates remained relatively low.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in South Korea
  • Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea hotels & motels market with five year forecasts by both value and volume
Reasons to buy
  • What was the size of the South Korea hotels & motels market by value in 2016?
  • What will be the size of the South Korea hotels & motels market in 2021?
  • What factors are affecting the strength of competition in the South Korea hotels & motels market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's hotels & motels market?


Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AccorHotels
LOTTE HOTELS & RESORTS Co., Ltd.
Marriott International, Inc.
Wyndham Worldwide Corporation
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: South Korea hotels & motels industry value: $ billion, 2012-16
Table 2: South Korea hotels & motels industry volume: establishments, 2012-16
Table 3: South Korea hotels & motels industry category segmentation: $ billion, 2016
Table 4: South Korea hotels & motels industry geography segmentation: $ billion, 2016
Table 5: South Korea hotels & motels industry value forecast: $ billion, 2016-21
Table 6: South Korea hotels & motels industry volume forecast: establishments, 2016-21
Table 7: AccorHotels: key facts
Table 8: AccorHotels: key financials ($)
Table 9: AccorHotels: key financials (€)
Table 10: AccorHotels: key financial ratios
Table 11: LOTTE HOTELS & RESORTS Co., Ltd.: key facts
Table 12: Marriott International, Inc.: key facts
Table 13: Marriott International, Inc.: key financials ($)
Table 14: Marriott International, Inc.: key financial ratios
Table 15: Wyndham Worldwide Corporation: key facts
Table 16: Wyndham Worldwide Corporation: key financials ($)
Table 17: Wyndham Worldwide Corporation: key financial ratios
Table 18: South Korea size of population (million), 2012-16
Table 19: South Korea gdp (constant 2005 prices, $ billion), 2012-16
Table 20: South Korea gdp (current prices, $ billion), 2012-16
Table 21: South Korea inflation, 2012-16
Table 22: South Korea consumer price index (absolute), 2012-16
Table 23: South Korea exchange rate, 2012-16
List of Figures
Figure 1: South Korea hotels & motels industry value: $ billion, 2012-16
Figure 2: South Korea hotels & motels industry volume: establishments, 2012-16
Figure 3: South Korea hotels & motels industry category segmentation: % share, by value, 2016
Figure 4: South Korea hotels & motels industry geography segmentation: % share, by value, 2016
Figure 5: South Korea hotels & motels industry value forecast: $ billion, 2016-21
Figure 6: South Korea hotels & motels industry volume forecast: establishments, 2016-21
Figure 7: Forces driving competition in the hotels & motels industry in South Korea, 2016
Figure 8: Drivers of buyer power in the hotels & motels industry in South Korea, 2016
Figure 9: Drivers of supplier power in the hotels & motels industry in South Korea, 2016
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in South Korea, 2016
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in South Korea, 2016
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in South Korea, 2016
Figure 13: AccorHotels: revenues & profitability
Figure 14: AccorHotels: assets & liabilities
Figure 15: Marriott International, Inc.: revenues & profitability
Figure 16: Marriott International, Inc.: assets & liabilities
Figure 17: Wyndham Worldwide Corporation: revenues & profitability
Figure 18: Wyndham Worldwide Corporation: assets & liabilities

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