Research

Seoul Hotel Market Dynamics Q3 2024

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

January 13, 2025
Contributors:
  • Minjoon Kim
  • International arrivals recover, with full recovery anticipated in 2025.

  • Supply growth stays subdued in Seoul with no new completion in Q3 2024.

  • RevPAR growth continues, showing signs of stabilisation.

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