Research Insights Into the Source Market; South Korea

Source Market Insights; South Korea is a new market research publication announced by Reportstack. This report provides an overview of the South Korean outbound market, analyzing market data and providing insights. This report provides a better understanding of the number of Korean tourists going abroad, their spending habits, and the main destination markets

Key Findings
– South Korea is one of the world’s wealthiest nations with a world ranking of thirteenth for nominal GDP and by purchasing power parity. With GDP per capita expanding rapidly at 9% CAGR during the last six years, the country is set to become a major outbound tourism market. Reflecting this rising economy, gross household adjusted disposable income per capita is projected to increase from US$20,835 in 2014 to US$25,402 in 2019. With such a strong rise in disposable income and a low unemployment rate (3.13% in 2015), The forecasts that outbound spending will grow, finally reaching US$35.7 billion by 2019

To access full report with TOC, please visit Source Market Insights; South Korea
– This increasing economic growth will harness a move from short-haul destinations towards long-haul travel instead. In the last few years it has gained momentum and grew by more than 85% during the period 2003-2013. Of these long haul destinations, the US, Canada, and Mexico ranks among the top-10 destinations, predominantly for leisure purposes

– Beyond increasing incomes, the share of Low Cost Carriers (LCCs) has expanded greatly to more than double over the last six years (21.6% in 2014 against 9.9% in 2009) in terms of passengers carried. The top-five LCCs offer domestic and international flights. Together they represented 15.5% market share for international services. With this LCC penetration, long-distance routes will expand and help growth in the South Korean market

Synopsis
– The report provides detailed market analysis, information, and insights, including:

– Historic and forecast tourist volumes covering the entire South Korean outbound tourism sector

– Detailed analysis of the mode of transport preferred for outbound trips

– Detailed analysis of the market trends in the Korean outbound tourism sector

Reasons To Buy
– Make strategic business decisions using historic and forecast market data related to the South Korean outbound tourism sector
– Understand the key market trends and growth opportunities in the Korean outbound tourism sector, along with key trends and growth opportunities

Companies Mentioned

South Korea outbound tourism, Trips by Korean residents, Outbound tourism, South Korea travel and tourism

About Reportstack:

Reportstack  is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world’s top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack  members with cutting edge research products to facilitate strategic business decisions.

Contact:

Debora White

Manager – Marketing

debora@reportstack.com

Ph: +1-888-789-6604

Reportstack Market Research

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