Households drive market demand, with household spending representing 69.5% of total demand in 2021. Hotel Lotte Co Ltd is the largest company in South Korea, generating 41.9% of the industry’s total production value in 2021. The industry is concentrated, with the top five companies generating 89.4% of total production value in 2021. The total number of companies increases in 2021, to 76,520 units. The costs of the industry increase by 16.7% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 21.5% of turnover in 2021, the sixth highest regionally. With turnover of USD7.1 billion, South Korea accounts for 3.3% of the Asia Pacific total in 2021.
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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.See All of Our Definitions
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