Average hotel room rates fall in Korea

Average hotel room rates fall in Korea

According to the Hotel Price Index released by the hotel booking site Hotels.com, average hotel room prices for global travelers to Korea fell by 21 per cent on-year in 2013. The average room price foreign tourists paid was 150,295 won (S$179).

The price drop resulted from the decrease in Japanese visitors due to the depreciation of the yen.

Meanwhile, the average price of a hotel room for global travelers rose by 3 per cent in 2013 from the previous year.

The report said the fall in room rates made travel destinations more attractive economically.

Seoul is the sixth-most popular tourist destination for mainland Chinese travelers, fourth for tourists from Hong Kong and still the second most popular city among Japanese.

(wylee@heraldcorp.com)

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