Global hospitality operator Wyndham Hotel Group has announced more expansion in South Korea with plans for five more hotels across the country.
The company has inked agreements for hotels in Incheon, Yongin, Daejeon and Gimpo for the Ramada, Days Inn and Howard Johnson brands.
"Wyndham is expected to expand its presence to 40 hotels," the company said. "The newly acquired hotels will boost the construction pipeline to 27 hotels, adding 8,670 rooms to the group’s portfolio," a company statement said.
All the hotels are expected to open by 2018, it said.
"Korea is a key market for the group ‘ the country being one of the top outbound destinations from China, the world’s largest tourism source market," Barry Robinson, president of Wyndham Hotel Group South East Asia.
"This is a timely opportunity for us to magnify our presence in Korea as demand for inbound travel into Korea continues to increase."
Korea’s Culture and Tourism Institute says demand far outstrips supply for hotel rooms particularly in Seoul.
"We are aiming to triple our portfolio of hotels in Korea in the next two years and will continue to look for any opportunity to grow our brands," Robinson added.
