In-depth analysis of the travel intermediaries market in South Korea

1. Emerging Opportunities and Growth Prospects in the South Korean Travel
Intermediaries Industry, Analyses and Forecasts to 2016
Factors such as South Korea’s developing economy and easing of restrictions on movement
are both supporting the growth of travel and tourism in South Korea. South Korea is one of
the most attractive countries for inbound and outbound tourism businesses in the world.
The country was the seventh-largest inbound tourism destination by volume in the Asia-
Pacific region in 2011. Rising tourist volumes and subsequent growth in the South Korean
travel intermediaries industry can be attributed to various drivers including the country’s
robust economic growth, government initiatives to promote tourism and tourism-related
activities, increasing volume of business activities, and high internet penetration that
encourages the growth of buying travel and tourism services online.
Scope
This report provides an extensive analysis of the travel intermediaries industry in South
Korea
It provides historical and forecast market sizes for the South Korean travel intermediaries
industry
It offers detailed analysis of the factors driving the growth of the travel intermediaries
industry in South Korea including demand drivers such as total tourist volume, tourist
volume by type, spending patterns of domestic and international tourists and internet
penetration
The report details the government regulatory frameworks in the South Korean travel
intermediaries industry, market entry routes adopted by international travel companies to
enter the South Korean market and the expansion strategies of local and international travel
companies
The report also offers marketing strategies adopted by the large travel intermediaries in the
South Korean market to attract and retain customers
It provides examples of key travel intermediaries companies operating in the South Korean
market
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emerging-opportunities-and-growth-prospects-in-the-south-korean-travel-
intermediaries-industry-analyses-and-forecasts-to-2016.html
Key highlights
The South Korean travel intermediaries industry is projected to grow at a CAGR of 4.9%
over the forecast period (2012–2016). The key growth drivers for this industry include the
country’s rising average disposable income levels, the high number of business
opportunities, the lowering inflationary forecast, positive employment outlook, and
increasing volume of corporate and leisure travelers.

2. The Ministry of Culture, Sports and Tourism of the Republic of Korea now permits the
establishment of wholly foreign-owned travel agencies in the country and has also lifted the
restrictions for foreign-invested travel agencies to establish branches in South Korea.
The entry of leading foreign operators, such as Expedia, Carlson Wagonlit Travel and BCD
Travel, in the highly fragmented South Korea online travel site market is expected to lead to
significant consolidation over the forecast period.
Metasearch engines is one of the innovative product strategies that travel intermediaries are
offering to their customers in order to provide fast services and to differentiate themselves
from the competition.
Travel service providers are attempting to capitalize on the growing South Korean mobile
phone base by offering travel applications that can allow users to make bookings from their
mobile phones.
Major points covered in Table of Contents of this report include:
1 Executive Summary
2 South Korean Travel Intermediaries Industry Market Environment
3 Market Size and Growth Potential of South Korean Travel Intermediaries
4 Key Demand Drivers and Challenges for South Korean Travel Intermediaries
5 Market Entry Strategy for South Korean Travel Intermediaries
6 Marketing and Growth Strategies for South Korean Travel Intermediaries
7 Competitive Landscape of the South Korean Travel Intermediaries Industry
8 Appendix
List of Tables
List of Figures
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Report Details:
Published: June 2012
No. of Pages: 42
Price: Single User License – US$1950 Corporate User License – US$5850

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