Motels Are Fading as Travel Habits and Housing Markets Shift

SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s once-ubiquitous motels — long associated with budget travel and so-called “love hotels” — are quietly disappearing, squeezed by shifting travel habits, weaker profitability and the rise of alternative lodging, according to industry data and experts. While the term “motel” has no formal legal definition in South Korea, government [...]