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South Korea

Arrivals to the U.S.: 759,394 (2008p)
Travel Spending in U.S.: US$ 2.8 Billion (2008)
Population: 48,508,972
Real GDP: US$ 1.28 Trillion (2008 est.)

MSI Online Database

            Source: CIA World Factbook and U.S. Department of Commerce, Office of Travel & Tourism Industries

    Economic Summary and Forecast

2007

2008

2009

2010

    % Change in U.S. Arrivals

6.4%

-5.0%

-15.7%

-0.3%

    % Change in Real GDP

5.0%

3.2%

-2.4%

3.1%

    Unemployment Rate

3.3%

3.2%

4.1%

4.3%

    % Change in Real Private Comsumption

4.5%

1.3%

-2.0%

1.9%

    Exchange Rate (US$ per 1000 South Korea Won)

$0.11

$0.09

$0.08

$0.08

        Source: Tourism Economics and U.S. Department of Commerce, Office of Travel & Tourism Industries

          Source: Tourism Economics and U.S. Department of Commerce, Office of Travel & Tourism Industries

    U.S. Visitor Profile

2005

2006

2007

    Average Expenditure in U.S.
    (Visitor/Trip)

$2,184

$1,909

$2,271

    Average Int'l Airfare Expenditure
    (Visitor/Trip)

$1,634

$1,767

$1,935

    Average Length of Stay in U.S.
    (nights)

21.4

22.0

24.3

    Average Travel Party Size
    (Adults & Children)

1.5

1.6

1.6

    Prepaid Package

18.3%

19.6%

15.6%

    Average Male Age

41.7

38.9

41.0

    Average Female Age

34.7

36.8

36.6

    Average Annual Household Income

$72,300

$85,300

$88,600

    Net Business Travel

47.2%

35.6%

40.1%

        Source: U.S. Department of Commerce, Office of Travel & Tourism Industries  

Market Implications