South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) predicts a remarkable year for Travel & Tourism in South Korea, with significant growth in its economic contribution, employment, and visitor spending. According to the latest data, the sector’s contribution to the national economy is expected to reach a record ₩96.2TN this year, representing a 13.6% year-on-year increase. This contribution underscores the sector’s crucial role, accounting for 4.3% of the nation’s economy.