Articles tagged “south korea”

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.

2 days 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.

4 days 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.

2 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.

3 months 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.

7 months 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.

11 months 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.

11 months 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.

11 months ago

Overtourism Remains a Concern in Jeju Island Even as Chinese Travel Drops

Overtourism Remains a Concern in Jeju Island Even as Chinese Travel Drops

Mason Hinsdale, Jing Travel

Like destinations around the world, South Korea is trying to figure out the best way to manage tourism. In the case of Jeju Island, local residents and government leaders have different priorities.

1 year ago

Startup Wants to Change Reputation of Pay-by-the-Hour Hotels

Startup Wants to Change Reputation of Pay-by-the-Hour Hotels

Sam Kim, Bloomberg

The South Korean Good Will Hunting of love hotels is definitely onto something here: There’s plenty of opportunity in this part of the lodging market, and removing the stigma might lead to more revenue for hotel partners.

1 year ago

South Korea Tourism Slump Raises Fears About Upcoming Winter Olympics

South Korea Tourism Slump Raises Fears About Upcoming Winter Olympics

Jiyeun Lee, Bloomberg

Threats from North Korea and prolonged conflict with China are keeping tourism down in South Korea as preparations continue for the Winter Olympics next year. With domestic interest lacking as well, will the Games be a failure for the host country?

1 year ago

Chinese Holiday Travelers Avoid South Korea and Make Thailand Leading Destination

Chinese Holiday Travelers Avoid South Korea and Make Thailand Leading Destination

Yoolim Lee and Keith Zhai, Bloomberg

We might shy away from talking about universal trends, but the Ctrip survey found that purchases of "experiences" was more popular than buying consumer goods. Sound familiar?

1 year ago