Articles tagged “south korea”

Japan’s Tourism Gains Offset by Tensions With South Korea

Japan’s Tourism Gains Offset by Tensions With South Korea

Isabel Reynolds, Bloomberg

Japan has made a big push to grow its tourism industry with a slew of high-profile sporting events. But tensions with its neighbor South Korea are diminishing the tourism gains it's otherwise making.

1 month ago

Travel Winners and Losers in Northeast Asia’s Conflicts

Travel Winners and Losers in Northeast Asia’s Conflicts

Raini Hamdi, Skift

Current conflicts in Northeast Asia do not stop people from traveling to and from the region, but they do redirect tourism flows, benefiting some destinations and hurting others.

3 months ago

#BoycottJapan Trending in South Korea, Impacting Travel

#BoycottJapan Trending in South Korea, Impacting Travel

Heejin Kim and Jihye Lee, Bloomberg

It's not the first time political tensions in north Asia have an impact on travel. Remember China's curb on trips to South Korea in 2017? Now Japan's tourism industry can expect a fall in arrivals from South Korea, where Instagrammers are flagging their flight cancellations for others to follow.

4 months ago

Asiana Airlines Faces Accounting Questions

Asiana Airlines Faces Accounting Questions

Kyungji Cho, Bloomberg

Airline financing is a complex business and Asiana understandably is trying to play down the impact of an auditor's assessment. Still, the decision may have repercussions.

8 months ago

Travel Advisor Innovation Report: Government Shutdown Puts Agents on Edge

Travel Advisor Innovation Report: Government Shutdown Puts Agents on Edge

Maria Lenhart, Skift

While the government shutdown had not yet had a serious impact on leisure travel business as of last week, many travel advisors became increasingly concerned about what a prolonged shutdown could mean.

10 months ago

Why Are So Many South Korean Travel Agencies Closing?

Why Are So Many South Korean Travel Agencies Closing?

Youjin Lee, Skift

Korean tour agencies got a harsh wakeup call last year. This year, they must prove they have a reason to exist alongside foreign online travel agencies and booming travel startups.

10 months ago

Korean Investors Target Guam as Tourism Growth Continues

Korean Investors Target Guam as Tourism Growth Continues

Kyungji Cho, Bloomberg

Korean investors are getting in on an advantageous financial environment in Guam to help develop the island's infrastructure and tourism capabilities. Strike while the iron is hot, just not nuclear hot.

12 months ago

Tourists May Soon Get to Walk Across North And South Korean Border

Tourists May Soon Get to Walk Across North And South Korean Border

Jihye Lee, Bloomberg

This would be one of the most significant steps that both North and South Korea have taken to open up tourism. But allowing border crossings is anything but a done deal at this point given the rocky relations between both countries.

1 year ago

Korean Air CEO Suspected of Embezzlement

Korean Air CEO Suspected of Embezzlement

Youkyung Lee, Associated Press

A family scandal in South Korea has ensnared the patriarch, the chairman of Korean Air. As airline employees take the extraordinary measure of hitting the streets to call for his resignation, it sounds like Cho Yang-ho is not long for the C-suite.

1 year ago

Chinese Tourism Fell Short at the Winter Olympics

Chinese Tourism Fell Short at the Winter Olympics

Mason Hinsdale, Jing Travel

Tensions between China and South Korea were never going to be good for attendance at the 2018 Winter Olympics in Pyeongchang. It sounds like the turnout was far worse than expected.

2 years ago

South Korea Hopes Olympics Will Spur Return of Chinese Tourists

South Korea Hopes Olympics Will Spur Return of Chinese Tourists

Jiyeun Lee, Bloomberg

South Korea doesn't want just any Chinese tourists – it wants high spenders who can help bring the country's tourism economy out of a slump.

2 years ago

Brexit and North Korea Tensions Are Hurting Millennium Hotels

Brexit and North Korea Tensions Are Hurting Millennium Hotels

Joe Easton, Bloomberg

Millennium's troubles aren't limited to the company alone. The ramifications of Brexit and increasing tensions with North Korea don't bode well for anyone in the travel industry with assets in the UK and the Korean peninsula.

2 years ago