Research

Seoul Hotel Market Dynamics Q4 2024

Summary and analysis of Seoul's current hotel real estate market conditions.

March 10, 2025
Contributors:
  • Minjoon Kim
  • Slower year-end due to political disruptions and black swan event.

  • Two new institutional hotel openings in 2024, with luxury brand-driven pipeline.

  • RevPAR continues to break records with stabilising growth rate.

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