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South Korea invested $10.7 billion in travel and tourism capital expenditure in 2024 — 1.9% of total national capex. WTTC EIR 2025 classifies the demand momentum as steady, with the sector ranked 18th among 42 panel economies and a ten-year forecast share of GDP at 4.5% in 2035.
Hero metric
$10.7 billion tourism capex (2024)
Source
WTTC EIR 2025
Last updated
2026-05-12
KEY FIGURES
T&T capex (2024)
$10.7 billion
Share of total national capex
1.9%
Capex rank
18th of 42
Demand momentum
Steady
GDP share forecast (2035)
4.5%
Tourism YoY growth (2024)
8.9%
Key figures
TOURISM GDP SHARE — 5-YEAR TREND
South Korea's $10.7 billion 2024 tourism capex represents 1.9% of national capital formation. WTTC's forward outlook for South Korea carries a steady demand-momentum label, the agency's most actionable forward signal.
FREQUENTLY ASKED QUESTIONS
WTTC EIR 2025 classifies South Korea's tourism momentum as steady. The sector accounts for 1.9% of national capex and ranks 18th of 42 panel economies.
$10.7 billion of capital expenditure flowed into South Korea's travel and tourism sector in 2024 (WTTC EIR 2025).
WTTC projects South Korea's tourism share of GDP to reach 4.5% by 2035, up from 3.9% in 2024.
Tourism GDP grew 8.9% year-over-year in 2024 in South Korea, and demand momentum is rated steady by WTTC EIR 2025.
South Korea ranks 18th of 42 economies on tourism capex share. Combined with a 3.9% GDP share and steady momentum, it offers a mature, defensive allocation in the global tourism asset class.
METHODOLOGY & SOURCE
Every numeric claim on this page is sourced from WTTC EIR 2025 (WTTC EIR 2025 — South Korea, p. 1). Last accessed 2026-05-11. No figures are estimated, modelled, or AI-generated — DataGreat's narrator is locked to WTTC values verbatim.
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