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.