Korea Luxury Hotel Market Size & Outlook, 2025-2033

Korea Luxury Hotel Market Insights

As per Deep Market Insights insights, the Korea Luxury Hotel Market stood at USD 1.08 Billion in 2024 and is anticipated to grow to USD 1.93 Billion by 2033.
The Korea market is expected to advance at a CAGR of 6.69% from 2025 through 2033.
In 2024, City Luxury Hotels accounted for the highest share of the Hotel Type market size.
During the forecast period, Resort & Spa Hotels is set to register the highest growth, making it the most lucrative Hotel Type segment.

As of 2024, Korea held 0.94% of the global Luxury Hotel Market size.
By 2033, United States is anticipated to capture the largest share of the global Luxury Hotel Market.
In Asia Pacific, China is expected to lead the regional Luxury Hotel Market size by 2033.
Taiwan will remain the fastest-growing market in Asia Pacific, reaching USD 1.93 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 1.08 Billion
Market Size In 2033	USD 1.93 Billion
Largest segment	City Luxury Hotels
Units	Revenue in USD Billion
CAGR	6.69% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Segments	Sub Segments
Hotel Type	City Luxury Hotels Resort & Spa Hotels Boutique Hotels Eco-Luxury Lodges
Customer Type	Leisure Travelers Corporate Guests Meetings & Events (MICE) High-net-worth Individuals