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Luxury Hotels in South Korea

  • ID: 4461147
  • Report
  • January 2020
  • Region: South Korea
  • 16 pages
  • Euromonitor International
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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. Consumers therefore expect quality service and room accommodation from these non-luxury hotels, because of the luxury title, associated with the premises. However, these hotels project a young and trendy image by operating rooftop bars and hosting pool-side parties

The Luxury Hotels in South Korea report offers a comprehensive guide to the size and shape of the Luxury Hotels market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Hotels retailing along with the development of consumers’ shopping patterns. Forecasts to 2024 illustrate how the market is set to change.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Luxury Hotels market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Note: Product cover images may vary from those shown
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List of Contents and Tables
  • Headlines
  • Prospects
  • Mid-level Hotels Offer Rooftop Bars and Pool-side Parties, Threatening the Growth of Luxury Hotels
  • Luxury Hotels Tempt Customers With Package Deals, Designed for Different Consumers' Needs
  • Hotels Positioned To Attract Chinese Tourists Widen Their Marketing To Other Nationalities, As Chinese Visitors Boycott South Korea
  • Competitive Landscape
  • Hotel Lotte Co Retains Its Lead, However Paradise Group Records the Highest Growth, Offering A Unique Experience To Visitors
  • Luxury Hotels Are Becoming Known As Business Hotels, As Many Hold Events for Finance Companies and Investment Banks
  • Fairmont Hotel Plans To A New Opening for 2020, With A Department Store Complementing Its Opening
  • Category Data
  • Table 1 Sales in Luxury Hotels: Value 2014-2019
  • Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
  • Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
  • Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
  • Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
  • Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
  • Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024
  • Executive Summary
  • Growth in Luxury Goods Is Driven by An Increasing Consumer Base and Rise in Local Luxury Offerings, However Duty-free and Imitations Goods Remain A Threat in 2019
  • the Decrease in Chinese Tourists Sees Players Developing Offerings for Local Consumers, As Retailers Create Special Vip Areas
  • Luxury Cars Led the Landscape in 2019, As Daimler AG Retained Its First-place Position With Mercedes-benz, and Bmw Lost Value Share
  • Premium Outlets Pose A Threat To Department Stores, As They Offer High-level Discounts on Several Luxury Players
  • Growth Over the Forecast Period Will Be Driven by Tourism, Affordable Luxury and A Diverse Range of New Players
  • Market Indicators
  • Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019
  • Market Data
  • Table 9 Sales of Luxury Goods by Category: Value 2014-2019
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Sources
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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