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$19 Million

Total expenditure in Alberta (2022)

2 Million

Potential visitors to Alberta (2022)

3 days

Average length of stay in Alberta (2023)

Overview

Outbound travel from South Korea continues to recover - with travel restrictions now largely lifted domestically and in short and mid-haul destinations, outbound travel recovery will continue to pick up. Oxford Economics forecasts outbound travel to be 73% of 2019 levels in 2023, and returning to peak in 2025.

On this page:

Competitor Comparison
Air Travel
Economic Indicators
Traveller Characteristics

Man standing beside his snowmobile

Competitor Comparison

Indicator Quebec Ontario Alberta BC Canada
Expenditure (2022) $15 Million $76 Million $19 Million $93 Million $215 Million
Share of total national expenditure (2022) 7% 35% 9% 43% -
Visitation (2019) 28 Thousand 101 Thousand 52 Thousand 149 Thousand 341 Thousand
Share of total national visitation (2019) 8% 30% 15% 44% -
Expenditure (2019) $23 Million $114 Million $59 Million $244 Million $462 Million
Share of total national expenditure (2019) 5% 25% 13% 53% -
Average Spend (2019) $816 $1,133 $1,135 $1,637 $1,355

*Visitation and average spend estimates are not available for South Korea for the 2022 calendar year. 

Air Travel

Economic Indicators

Indicator 2022 2023 2024 Forecast
GDP - per capita $32,277 $32,794 $33,396
GDP - YoY Growth Rate -7.9% 1.6% 1.8%
Exchange Rate (CAD/KRW) (annual average) $991.08 $968.05 N/A
Unemployment Rate (annual average) 2.9% 2.7% 3.4%
Inflation Rate (annual average) 5.1% 3.7% 1.4%

Quarterly traveller spend

Traveller Characteristics

Breakdown of traveller spending

Top barriers to travel
Economic environment 69%
Higher transport and accommodation costs 55%
Extreme weather events 28%
Geopolitical conflicts 24%
Staff shortages 22%
Other 14%

Top 5 trip anchors
Northern lights 52%
Natural attractions like mountains or waterfalls 47%
Nature parks 46%
Hiking or walking in nature 44%
Viewing wildlife or marine life 40%
Purpose of visit