The submit Outbound tourism from South Korea set to boom with COVID-19 travel restrictions easing up appeared first on TD (Travel Daily Media) Travel Daily.
Due to plummeting traveller confidence and stringent COVID-19 measures, outbound tourism from South Korea decreased to mere fractions of what they have been in pre-pandemic occasions. Nevertheless, with the nation now easing a few of its pandemic restrictions, tourism demand amongst South Korean travellers is set to flourish, finds GlobalData, a number one knowledge and analytics firm.
GlobalData’s newest report, ‘South Korea Source Tourism Insight Report including International Departures, Domestic Trips, Key Destinations, Trends, Tourist Profiles, Analysis of Consumer Survey Responses, Spend Analysis, Risks and Future Opportunities, 2022 Update’ reveals that outbound tourism declined by 80.6% YoY from 2019 to 2020, to simply 5.6 million worldwide departures. Prior to COVID-19, South Korea was the third-largest outbound tourism supply market within the Asia-Pacific (APAC) area in 2019 with 28.7 million worldwide departures.
Hannah Free, Travel and Tourism Analyst at GlobalData, feedback: “Outbound travel from South Korea is projected to exceed pre-pandemic levels by 2024 with international departures growing at a compound annual growth rate (CAGR) of 7.3% between 2022 and 2025. By 2025, international departures are expected to reach 30.3 million, according to GlobalData forecasts.”
The South Korean supply market is probably going to be extremely wanted as close by supply markets, akin to China and Japan, are but to make a full return to worldwide travel. South Korean vacationers show distinct preferences which travel business gamers akin to vacation spot administration organizations, tourism boards and inns can be remiss not to acknowledge.
South Korea differs from different markets in how its travellers conduct travel analysis. This supply market sometimes makes use of Naver, a South Korean on-line platform, whereas many different markets use Google as the start line for planning.
South Korean vacationers additionally present a higher curiosity in gastronomy tourism. According to a GlobalData survey, *39% of South Korean respondents are influenced by widespread locations for meals and drinks when deciding on a vacation vacation spot. Concurrently, *44% of South Korean respondents reported that they sometimes take a gastronomy vacation, in contrast to the worldwide common of *26%.
Free concludes: “While South Korean tourists have always displayed a preference for nearby APAC nations, owing to proximity and affordability, GlobalData figures show that South Korean travelers are increasingly venturing further abroad by showing a greater interest in European destinations. The UK, France, and Italy are expected to experience the highest growth in terms of South Korean tourists, as measured by CAGR between 2022 and 2025.”
The submit Outbound tourism from South Korea set to boom with COVID-19 travel restrictions easing up appeared first on Travel Daily.