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Several business hotels, upscale and mid-level hotels are operated by luxury hotel owners in South Korea. L7 Hotel and Lotte City Hotel are operated by Lotte Group, and Shilla Stay is operated by Hotel Shilla Co Ltd.
Customers in South Korea will often use luxury hotels to enjoy relaxing, and pleasurable experiences with their friends and families. Luxury hotels offers a range of special packages, designed to help consumers pick the right experience for themselves and their party.
Luxury hotels experienced a Chinese tourist drop-out after the THAAD incident (Terminal High Altitude Area Defence.) As such, Chinese tourists were boycotting South Korea, due to South Korea perceived links with the United States military, and the accompanying threat to Chinese national security.
Hotel Lotte Co Ltd leads luxury hotels, benefiting from having the most premises operating throughout South Korea. However, when it comes to growth, Paradise Group is the most noticeable, offering Paradise Hotel.
Several hotels are losing their luxury positioning in South Korea. For example, Conrad Seoul is located in the Yeouido area, a finance and investment banking district which also has several signature facilities, like the National Assembly Building and the Korean Broadcasting System.
Fairmont Hotel is expected to open in Seoul in 2020. The hotel will be built near the International Finance Centre, and there will also be a Hyundai Department Store nearby, and a mall named Parc 1 - which was also be opened at the same time.
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Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in South Korea with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Hotels (5-star plus) industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Hotels (5-star plus) in South Korea market research report includes:
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.