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Hotels & Motels in South Korea

Publisher MarketLine
Published Oct 03, 2024
Length 48 Pages
SKU # MTLN19433033

Description

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 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
  • The South Korean hotels & motels industry recorded revenues of $5.8 billion in 2023, representing a compound annual growth rate (CAGR) of 2.9% between 2018 and 2023.
  • The number of establishments in the industry grew at a CAGR of 4.5% between 2018 and 2023, reaching a total of 2,338 in 2023.
  • The growing travel and tourism expenditure is a key driver of revenue in the hotels & motels industry. According to the World Travel & Tourism Council (WTTC), the total travel and tourism spending in South Korea reached $55.2 billion in 2023, reflecting a 106.3% increase from 2022.
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
Reasons to Buy
  • What was the size of the South Korea hotels & motels market by value in 2023?
  • What will be the size of the South Korea hotels & motels market in 2028?
  • 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?

Table of Contents

48 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths and strategies of the leading players?
7.3. What are the recent developments in the industry?
8 Company Profiles
8.1. Marriott International Inc
8.2. Accor SA
8.3. Kangwon Land Inc
8.4. Lotte Hotels & Resorts Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea hotels & motels industry value: $ million, 2018-23
Table 2: South Korea hotels & motels industry volume: number of establishments, 2018-23
Table 3: South Korea hotels & motels industry category segmentation: % share, by value, 2018-23
Table 4: South Korea hotels & motels industry category segmentation: $ million, 2018-23
Table 5: South Korea hotels & motels industry geography segmentation: $ million, 2023
Table 6: South Korea hotels & motels industry value forecast: $ million, 2023-28
Table 7: South Korea hotels & motels industry volume forecast: number of establishments, 2023-28
Table 8: Marriott International Inc: Key Facts
Table 9: Marriott International Inc: Annual Financial Ratios
Table 10: Marriott International Inc: Key Employees
Table 11: Marriott International Inc: Key Employees Continued
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Accor SA: Key Facts
Table 14: Accor SA: Annual Financial Ratios
Table 15: Accor SA: Key Employees
Table 16: Accor SA: Key Employees Continued
Table 17: Kangwon Land Inc: Key Facts
Table 18: Kangwon Land Inc: Annual Financial Ratios
Table 19: Kangwon Land Inc: Key Employees
Table 20: Lotte Hotels & Resorts Co Ltd: Key Facts
Table 21: Lotte Hotels & Resorts Co Ltd: Key Employees
Table 22: South Korea Size of Population (million), 2019-23
Table 23: South Korea Real GDP (constant 2010 prices, $ billion), 2019-23
Table 24: South Korea GDP (current prices, $ billion), 2019-23
Table 25: South Korea Inflation, 2019-23
Table 26: South Korea Consumer Price Index (absolute), 2019-23
Table 27: South Korea Exchange Rate, 2018-23
List of Figures
Figure 1: South Korea hotels & motels industry value: $ million, 2018-23
Figure 2: South Korea hotels & motels industry volume: number of establishments, 2018-23
Figure 3: South Korea hotels & motels industry category segmentation: $ million, 2018-23
Figure 4: South Korea hotels & motels industry geography segmentation: % share, by value, 2023
Figure 5: South Korea hotels & motels industry value forecast: $ million, 2023-28
Figure 6: South Korea hotels & motels industry volume forecast: number of establishments, 2023-28
Figure 7: Forces driving competition in the hotels & motels industry in South Korea, 2023
Figure 8: Drivers of buyer power in the hotels & motels industry in South Korea, 2023
Figure 9: Drivers of supplier power in the hotels & motels industry in South Korea, 2023
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in South Korea, 2023
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in South Korea, 2023
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in South Korea, 2023

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