Inbound arrivals declined seriously in 2017 due to the political tension between China and South Korea. As China was the most important tourist source for South Korea, its drop in terms of trips negatively impacted total inbound arrival volumes in 2017.
Inbound arrivals is set to record a strong volume CAGR of 7% over the forecast period, an improvement over that of the review period. Major threats may come from a weak global economy, political issues and tension between China and South Korea, while opportunities include the new presidential elections and the ongoing development of tourism projects in South Korea.
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Discover the latest market trends and uncover sources of future market growth for the Flows industry in South Korea with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.