Footfall in The Retail High Streets Reduces with Escalating COVID-19 Cases
1200
1000
800
600
_
02/15/2020
05/15/2020
08/15/2020
11/15/2020
400
200
-40.0
-20.0
0.0
International Travel Restrictions During Pandemic Affects Tourist-Based Commercial District
20,000
15,000
10,000
5,000
_
13,336
15,347
17,503
2,519
967
2017
2018
2019
2020
2021
International Visitor Arrivals
Unit: 1,000
Volume of Tourism Sector
26.8 Trillion KRW
2019
2020
8.2 Trillion KRW
-69.4%
Overall Vacancy Rate of Seoul High Streets
52.5%
Myeongdong
Gangnam
22.9%
Hongdae
13.4%
Garosugil
13.4%
Itaewon
10.8
Cheongdam
14.0%
60%
50%
40%
30%
20%
10%
0%
2019
2020
2022 (1H)
2021
