Market Report, "Travel and Tourism in South Korea", Published
In 2011, outbound tourists showed positive growth due to having longer leave entitlement, a stabilised Korean won against the US dollar and more diverse sales channels offering outbound travelling products at lower prices. Low-cost carriers' route expansion also contributed to the rise of outbound tourists, especially to Southeast Asia countries. In terms of inbound tourists, the March 2011 earthquake in Japan resulted in decreased traffic from that country, whilst Chinese arrivals showed...
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