Households drive market demand, with household spending representing 58.6% of total demand in 2023. Hotel Lotte Co Ltd is the largest company in South Korea, generating 41.5% of the industry’s total turnover value in 2023. The industry is concentrated, with the top five companies generating 89.4% of total production value in 2023. The total number of companies increases in 2023, to 111,814 units. The costs of the industry increase by 7.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 28.5% of turnover in 2023, the fifth highest regionally. With turnover of USD9.3 billion, South Korea accounts for 3.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Hotels and Camping Sites in South Korea: ISIC 551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Hotels and Camping Sites in South Korea: ISIC 551 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of hotels and camping sites and restaurants, bars and canteens.
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