In a weekly survey of 500 people, conducted by travel market research firm Consumer Insight, 59 percent said that they would cut down on expenses on traveling abroad in the next 12 months. Only 17 percent said that they would spend more on travel.
The survey found that 38 percent would reduce expenses on domestic traveling in the next 12 months, marking the lowest ever since the weekly survey began in 2017, while 27 percent was willing to spend more on traveling in South Korea.
The research firm said that the survey showed the tourism industry's critical situation in the officing.
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