News
Where to go during the Chuseok holidays, from Korea to Eastern Europe
According to the industry, the overseas travel reservation rate of major travel agencies during the Chuseok holiday period was about 20% higher than during the summer peak season. Compared to the Chuseok holiday period last year, it increased by 3-20%.
biztribune.co.kr
This year's Chuseok holiday, preference for short-distance overseas travel is high
The most popular countries for overseas flights were Japan (41%), Vietnam (22%), and Thailand (8%), which is the same as last year, with short-distance travel destinations continuing to show strength.
pointdaily.co.kr
“Even if you take just one day off, you get 4 days off”… Office workers are excited about the ‘golden holiday’
According to F&Guide, Hana Tour's third-quarter sales consensus (average of securities firms' estimates) is 181.4 billion won. This is a 38% increase from the previous quarter (KRW 131.7 billion). The consensus for sales for Modutour is KRW 60.5 billion, a 16% increase from the previous quarter (KRW 52 billion).
hankyung.com
Monthly Domestic and International Travel Trends Report August
The rate of overseas travel experience (within the past 6 months) in July was 33.9%, stagnant since November 2023 (31.8%). The average duration is 6.61 days, the total cost per person is 1.758 million won, and the cost per day is 266,000 won. Japan's (32.7%) share decreased, while Vietnam's (17.6%) share increased.
Pre-COVID Comparison (July 2019 Comparison)
The TCI for overseas travel experience rate is 85, showing a stagnant recovery since November 2023. The planned rate (45.0%) is TCI 87 and has been decreasing slightly since June. Vietnam's travel destination occupancy rate TCI is 178, the highest among all travel destinations. The TCI for total expenses per person and daily expenses were 127 and 123, respectively, indicating that the burden of expenses is a factor hindering the recovery of overseas travel.
As the economic downturn continues, the willingness and planning rate for spending on overseas travel are decreasing, so there is a possibility that the trend will turn downward rather than recovering, and the preference for short-distance travel with less financial burden is expected to continue.
Japan has decreased for two consecutive months in its share of destinations planned for travel (33.0% → 27.9%) due to the forecast of the 'Great Nankai Earthquake', while Vietnam has increased for two consecutive months (13.8% → 16.3%). It is uncertain whether Vietnam will establish itself as a substitute for Japan.
casenews.co.kr
Korea Tourism Organization, August 2024 Korea Tourism Statistics Announced
Among Korean tourists traveling abroad, the number of Korean tourists traveling abroad in August was 2,359,550, a 12.7% increase compared to the same month last year (2,093,236).
The number of Korean tourists visiting overseas in August was 2.36 million, recovering to 97% of the same month in 2019. The number of Korean tourists visiting overseas from January to August was 18.88 million, recovering to 94% of the same month in 2019.
discoverynews.kr
“I absolutely have to go to Japan”… Reservations for the Chuseok holiday are skyrocketing
According to the travel reservation trends of Korean users released by Trip.com, the most popular overseas travel destinations for Korean travelers were Osaka, Tokyo, and Fukuoka, Japan. They were followed by Bangkok, Thailand, Nha Trang, Vietnam, Taipei, Taiwan, and Ho Chi Minh City, Vietnam.
hankyung.com
Modutour "Top 3 Overseas Fall Foliage Travel Destinations are Japan, China, and Canada"
According to Modutour's own data analysis, Japan ranked first as the overseas fall foliage travel destination from October to December, followed by China, Canada, and the eastern part of the United States.
youthdaily.co.kr
“With that money, you can go abroad”… Domestic travel being ignored
Travel satisfaction survey results: By country, Switzerland ranked first with 812 points. Austria (811 points) followed by 1 point and places with high scores were Hawaii (801 points), Spain (799 points), and Czech Republic (798 points).
Among Asian countries, Japan ranked first. It ranked 10th with a satisfaction score of 755 points, followed by Turkey (747 points), Indonesia (736 points), Macau (734 points), and Vietnam (728 points).
The average travel cost was about 7 times higher for overseas travel. It is interpreted that the average cost of overseas travel increased in Europe due to the high price of air tickets and prices. This year, the amount spent by tourists per lodging trip was 231,000 won in Korea and 1,765,000 won overseas.
economist.co.kr
Recession? Airports are crowded… Yanolja overseas travel transaction amount up 5.5 times↑
This situation is also reflected in the business performance of overseas travel platform companies. Yanolja announced on the 7th that the overseas travel transaction amount, including international flights and overseas accommodations, in the third quarter of this year increased by 448% compared to the same period last year.
The number of long-distance airline tickets purchased on Yanolja for Europe, the Americas, and Oceania increased by 610% year-on-year. The number of overseas accommodation reservations made after purchasing international airline tickets also increased by 320% year-on-year.
newsis.com
Smiling at the Increase in Overseas Travel… Travel Industry’s Transaction Amount and Number of Outgoing Visitors Surge in Q3
On the 7th, Hana Tour announced that the number of overseas package travelers in the third quarter increased by 38% year-on-year to 495,000. The company explained that the proportion of travelers going to short-distance regions such as Southeast Asia (40%), Japan (26%), and China (16%) accounted for 82%.
Europe (9%), the South Pacific (6%), and the United States (3%) followed. The proportion of travelers to short-distance regions rose slightly by 1.6% from 80.1% last year to 81.7% this year based on the third quarter.
dt.co.kr