Soaring Hotel Stay Prices... Busan Outpaces Seoul

The cost of enjoying a hotel vacation, or "hocance," is on the rise.

This is reportedly due to rising domestic hotel room rates driven by an increase in foreign tourists. Take a look at the article.

According to a survey by Yanolja Research, the average price for a one-night stay at five-star hotels nationwide recorded approximately 328,000 won in the third quarter of this year.

This marks the first time it has surpassed 300,000 won since the fourth quarter of 2022, when the surveys began.

Four-star hotels also broke the 200,000 won mark for the first time, averaging 207,000 won.

In particular, hotel room rates in Busan, a popular destination for foreign tourists, rose 13% compared to the same period last year, while Seoul saw a 9.4% increase.

Both exceeded the national average growth rate.

Projections suggest that the upward trend in room rates may continue as a growing number of foreign tourists join domestic demand for hotel vacations.
※ Please note: This article was translated by AI and may contain errors.