$35 Million (2023)
$42 Million (Jan-Sept 2024)
30 Million (2023)
3 days (2023)
2.5 Million (2024)
South Korea’s economy is projected to experience both growth and stabilization. GDP per capita fluctuates, dipping in 2025 before recovering in 2026. The exchange rate slightly weakens, impacting trade dynamics. Unemployment remains low, showing labor market resilience. Inflation slows, with annual rates declining from 3.6% in 2023 to 1.8% in 2026. Overall, 2025 marks a surge in economic activity before a return to steady growth.
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Competitor Comparison
Air Travel
Economic Indicators
Traveller Characteristics
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $19 Million | $90 Million | $42 Million | $108 Million | $0.3 Billion |
Share of total national expenditure | 7% | 35% | 16% | 42% | - |
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $28 Million | $108 Million | $35 Million | $110 Million | $0.3 Billion |
Share of total national expenditure | 10% | 37% | 12% | 37% | - |
Indicator | 2023 | 2024 Estimated | 2025 Forecasted | 2026 Forecasted |
|---|---|---|---|---|
GDP - per capita (US$) | $35,538 | $36,172 | $34,199 | $36,604 |
GDP - YoY Growth Rate | 2.2% | 2.8% | 10.9% | - |
Exchange Rate (CAD/KRW) (annual average) | $0.001 | 0.001005% | N/A | N/A |
Unemployment Rate (annual average) | 2.7% | 2.6% | 2.6% | 2.7% |
Annual inflation | 3.6% | 2.3% | 2.0% | 1.8% |
Top barriers to travel | |
|---|---|
Too far / Too long | 48% |
Cost | 44% |
Destinations and attractions too far apart | 20% |
Extreme Weather Conditions | 19% |
Poor value for money | 18% |
Top 5 trip anchors | Market size |
|---|---|
Nature walks | 957,380 |
Natural attractions (e.g. scenic viewpoints, mountains, waterfalls) | 950,718 |
Trying local food and drink | 930,732 |
Nature parks | 667,694 |
Local markets (e.g. public markets, farmers market, night markets) | 660,173 |
Purpose of visit |
|---|
Sources
Statistics Canada, Visitor Travel Survey Data 2024/2023
Global Tourism Research Program (GTRP), Destination Canada
Lodging Aligned Spend Reporting (LASR), Destination Canada, 2024
Oxford Economics
DIIO, Cirium
Bank of Canada
UNWTO: UN Tourism Barometer
Mobile Insights, Near