News
Shinhan Card, Canada's Alberta to co-work for tourism
Shinhan Card will introduce the Canada Service Pack, offering various discount offers across sectors such as airlines, local hotels and major national park tours.
Yellow Balloon, overseas travel reservation rate in the third quarter of this year increased by 50% year-on-year
According to the yellow balloon data analysis results, the most popular overseas package travel destinations in the third quarter of this year were Europe, Japan, Vietnam, China, and the Philippines. Japan, Europe, Vietnam, and the Philippines have been steadily gaining popularity since the pandemic. In particular, reservation rates in China have increased significantly due to positive factors such as diversification of flight routes and normalization of visas.
[W-GCR] Top 3 Golf Destinations with the Best Value for Money
We compared the average golf fees per person and round-trip airfares in five Southeast Asian countries: Malaysia, Thailand, the Philippines, Cambodia, and Indonesia. The countries were selected based on the preferences of users of AGL's global golf course real-time reservation service, and Vietnam, the most popular travel destination in Southeast Asia, was excluded due to recent increases in golf costs and airfares.
S.Korea’s travel money card market competition heats up
Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card issuers to lure new customers with such services.
What kind of travel will you pursue this May, domestically or internationally?
The rate of overseas travel experience (within the past 6 months) in May was 34.6%, showing a stagnation since November 2023 (31.8%). The average duration of overseas travel was 6.75 days, with a total cost of 1.772 million won per person and a daily cost of 263,000 won.
We compared the current overseas travel situation with that before COVID-19 (compared to May 2019). The TCI of overseas travel experience rate was 85, showing a low figure compared to the same month before COVID-19 (40.8%). The TCI of total expenses per person and daily expenses were 126 and 119, respectively, showing a significant increase in expenditure compared to the same month in 2019.
Korea Tourism Organization, May 2024 Korea Tourism Statistics Announced
The number of Korean tourists traveling abroad in May was 2,268,310, a 34.8% increase from the same month last year (1,683,022).
In addition, the number of Korean tourists overseas in May was 2.27 million, recovering to 94% of the same month in 2019. The number of Korean tourists overseas from January to May was 11.8 million, also recovering to 94% of the same month in 2019.
These days, overseas travel is more popular in Vietnam than in Japan... Southeast Asia is strong
Vietnam ranked first in the trend index of preferred countries for overseas travel with a trend index score of 8,011 points.
Japan ranked second with 7,567 points, down 535 points from the previous week.
Singapore ranked third with 5,656 points, down 430 points from the previous week.
Thailand is in 4th place with 5,184 points, Russia is in 5th place with 4,772 points, Italy is in 6th place with 4,552 points, Malaysia is in 7th place with 4,437 points, Ireland is in 8th place with 4,109 points, the United States is in 9th place with 3,989 points, and Indonesia is in 10th place with 3,882 points.
Vacation Trends, Short-haul, Premium Attention... HotelsCombined & Kayak Announce 'PEAK'
The summer vacation trends suggested by HotelsCombined and Kayak, 'PEAK', is an acronym for
▲ Increased searches for flights to Europe (Prominent Europe)
▲ Continued popularity of Asian travel destinations (Everlasting Asia)
▲ Choosing short-term trips (A Short Trip)
▲ Focusing on high-end hotels (Keen on Premium).
Phu Quoc and Nha Trang ranked 1st and 2nd as the most popular overseas travel destinations for Koreans
The top 15 cities for preferred overseas travel destinations for Koreans were Bangkok and Phuket in Thailand, Kuala Lumpur in Malaysia, Nagoya in Japan, Barcelona in Spain, Kyoto in Japan, Hanoi in Vietnam, Paris in France, New York in the United States, Sydney in Australia, Shanghai in China, and Munich in Germany.
‘Catch overseas travelers’… All 5 major banks join the travel card competition
The reason banks are rushing to focus on travel cards is because they can attract new customers and at the same time see a 'lock-in' effect that retains loyal customers. However, with Nonghyup's entry, the competition among the five major banks targeting overseas travelers is expected to become even fiercer. In June 2022, Hana Bank took the lead in the market by launching the 'Travel Blog Check Card' together with Hana Card, but this year, Shinhan, KB Kookmin, and Woori Bank have been releasing travel cards one after another, gradually increasing their market share.