South Korea: Parnas Hotel's estimated operating profit from real estate rental 2017-2020

In 2017, Parnas Hotel's estimated operating profit derived from real estate rentals amounted to around 3.9 billion South Korea won. This was forecast to reach nearly 26 billion won by 2020. Parnas Hotel's real estate rental revenue was also forecast to experience positive growth in that time period.

Parnas Hotel's estimated operating profit from real estate rental from 2017 to 2020 (in billion South Korean won)

Characteristic	Estimated operating profit in billion South Korean won
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Release date

April 2017

More information

Region

Worldwide, South Korea

Survey time period

2017

Supplementary notes

* Estimate.
Parnas Hotel's area of business is largely divided into rental of non-residential buildings such as Parnas Tower and operation of hotel chains including Grand InterContinental Seoul Parnas, InterContinental Seoul Coex and Nine Tree Hotels in Myeongdong.

Note: 1,000 South Korean won equal 0.89 U.S. dollars and 0.75 euros (as of September 2017).
Figures have been rounded.

Figures have been translated from Korean.

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