The Korea Herald


Average hotel room rates fall in Korea

By Korea Herald

Published : March 28, 2014 - 20:42

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According to the Hotel Price Index released by the hotel booking site, average hotel room prices for global travelers to Korea fell by 21 percent on-year in 2013. The average room price foreign tourists paid was 150,295 won ($139). 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 percent 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.