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Report Overview
The South Korea luxury hotels market reached a value of approximately USD 2.90 Billion in 2025. The market is projected to grow at a CAGR of 5.60% between 2026 and 2035, reaching a value of around USD 5.00 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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According to the WTTC, South Korea's Travel & Tourism GDP is projected to increase at an average annual rate of 4.8% by 2032.
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According to USDA, Koreans' monthly per capita spending on HRI in 2022 rose to 141.83 USD increasing by 18.07% from 2021.
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Key players are significantly focusing on improving their brand image in order to improve their market position.
Leading Manufacturers in the South Korean Luxury Hotels Market
The companies are a provider of pharmaceutical sourcing and distribution services, delivering pharmaceutical products, business solutions, and value-added services that enhance access to healthcare.
Hotel Lotte Co., Ltd.: Founded in 1973, Hotel Lotte manages hotel properties and operates various businesses including hotels, duty-free shops, theme parks, resorts, and related ventures, also offering short-term lodging services.
Grand Hyatt Seoul: Founded in 1978, Grand Hyatt Seoul, a 5-star hotel near Itaewon and Myeongdong in Seoul, caters to both business and leisure travellers, offering luxury accommodations ideal for families as well.
Conrad Hotels & Resorts: Founded in 1985, with its headquarters in the United States, Conrad Hotels & Resorts, a luxury hotel brand, is a part of Hilton Worldwide, offering upscale accommodations and resorts worldwide.
Hanwha Hotels & Resorts: Founded in 1979, their business focus revolves around two core areas: hospitality and estate services, complemented by subsidiaries including Aqua Planet, specializing in aquarium operations.
Other South Korea luxury hotels market key players are Oakwood Premier, Pyeongchang Alpensia Resort, Josun Hotels & Resorts Inc., and ACCOR SA among others.
South Korea Luxury Hotels Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 2.90 Billion in 2025.
The market is projected to grow at a CAGR of 5.60% between 2026 and 2035.
The revenue generated from the South Korea luxury hotels market is expected to reach USD 5.00 Billion in 2035.
The market is categorised according to the type, which includes business hotels, airport hotels, suite hotels, resorts, and others.
The market key players are Hotel Lotte Co., Ltd., Grand Hyatt Seoul, Conrad Hotels & Resorts, Hanwha Hotels & Resorts, Oakwood Premier, Pyeongchang Alpensia Resort, Josun Hotels & Resorts Inc., and ACCOR SA among others.
Based on the category, the market is divided into chain and independent.
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