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South Korea Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 50 Pages
  • September 2023
  • Region: South Korea
  • MarketLine
  • ID: 5786126
Hotels & Motels in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
  • The South Korean hotels & motels industry had total revenues of $6.1 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.2% between 2017 and 2022.
  • Industry consumption volume increased with a CAGR of 6.2% between 2017 and 2022, to reach a total of 2,176.0 establishments in 2022.
  • The demand for hotels & motels in South Korea is attributed to the growing travel & tourism industry, the growing middle-class population, rising consumer purchasing power and expenditure, and economic growth.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the hotels & motels market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in South Korea
  • Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea hotels & motels market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the South Korea hotels & motels market by value in 2022?
  • What will be the size of the South Korea hotels & motels market in 2027?
  • What factors are affecting the strength of competition in the South Korea hotels & motels market?
  • How has the market performed over the last five years?
  • Who are the top competitors in South Korea's hotels & motels market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of leading players?
7.3. What were the most recent market developments?
8 Company Profiles
8.1. Wyndham Hotels & Resorts Inc
8.2. Benikea Hotel KP
8.3. Lotte Hotels & Resorts Co Ltd
8.4. Marriott International Inc
8.5. Accor SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: South Korea hotels & motels industry value: $ million, 2017-22
Table 2: South Korea hotels & motels industry volume: Number of Establishments, 2017-22
Table 3: South Korea hotels & motels industry category segmentation: % share, by value, 2017-2022
Table 4: South Korea hotels & motels industry category segmentation: $ million, 2017-2022
Table 5: South Korea hotels & motels industry geography segmentation: $ million, 2022
Table 6: South Korea hotels & motels industry value forecast: $ million, 2022-27
Table 7: South Korea hotels & motels industry volume forecast: Number of Establishments, 2022-27
Table 8: Wyndham Hotels & Resorts Inc: key facts
Table 9: Wyndham Hotels & Resorts Inc: Annual Financial Ratios
Table 10: Wyndham Hotels & Resorts Inc: Key Employees
Table 11: Benikea Hotel KP: key facts
Table 12: Lotte Hotels & Resorts Co Ltd: key facts
Table 13: Lotte Hotels & Resorts Co Ltd: Key Employees
Table 14: Marriott International Inc: key facts
Table 15: Marriott International Inc: Annual Financial Ratios
Table 16: Marriott International Inc: Key Employees
Table 17: Marriott International Inc: Key Employees Continued
Table 18: Marriott International Inc: Key Employees Continued
Table 19: Accor SA: key facts
Table 20: Accor SA: Annual Financial Ratios
Table 21: Accor SA: Key Employees
Table 22: Accor SA: Key Employees Continued
Table 23: South Korea size of population (million), 2018-22
Table 24: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 25: South Korea gdp (current prices, $ billion), 2018-22
Table 26: South Korea inflation, 2018-22
Table 27: South Korea consumer price index (absolute), 2018-22
Table 28: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea hotels & motels industry value: $ million, 2017-22
Figure 2: South Korea hotels & motels industry volume: Number of Establishments, 2017-22
Figure 3: South Korea hotels & motels industry category segmentation: $ million, 2017-2022
Figure 4: South Korea hotels & motels industry geography segmentation: % share, by value, 2022
Figure 5: South Korea hotels & motels industry value forecast: $ million, 2022-27
Figure 6: South Korea hotels & motels industry volume forecast: Number of Establishments, 2022-27
Figure 7: Forces driving competition in the hotels & motels industry in South Korea, 2022
Figure 8: Drivers of buyer power in the hotels & motels industry in South Korea, 2022
Figure 9: Drivers of supplier power in the hotels & motels industry in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in South Korea, 2022

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Wyndham Hotels & Resorts Inc
  • Benikea Hotel KP
  • Lotte Hotels & Resorts Co Ltd
  • Marriott International Inc
  • Accor SA