Luxury Hotels in South Korea

December 2021 | 19 pages | ID: LE1E0FB6668FEN
Euromonitor International Ltd

Abstracts

The impact of COVID-19 was not as severe in South Korea as it was in many other countries for most luxury goods, but luxury hotels suffered badly due to the steep decline in the number of tourists visiting the country. Domestic tourism also suffered during the first half of 2020, although, with the summer vacation season, luxury hotels demonstrated some progress.

Euromonitor International's 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 2025 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

LUXURY HOTELS IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury hotels seeing a slow recovery in 2021 after the loss of incoming tourists in 2020
Luxury hotels with their own fragrance
Development of the Busan area
PROSPECTS AND OPPORTUNITIES
Gradual recovery expected as local consumers remain important
“Contact-free” hotel stays in the age of COVID-19
Alternative accommodation types represent a threat to luxury hotels
CATEGORY DATA
Table 1 Sales in Luxury Hotels: Value 2016-2021
Table 2 Sales in Luxury Hotels: % Value Growth 2016-2021
Table 3 NBO Company Shares in Luxury Hotels: % Value 2016-2020
Table 4 LBN Brand Shares in Luxury Hotels: % Value 2017-2020
Table 5 Forecast Sales in Luxury Hotels: Value 2021-2026
Table 6 Forecast Sales in Luxury Hotels: % Value Growth 2021-2026
LUXURY GOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2016-2021
Table 8 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 10 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 11 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 13 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources