Literacy > Lodging Glossary > Lodging Property

Lodging Property

In a broad sense, lodging properties refer to places that form the foundation of lodging products. However, there exists a narrower definition in Korea. Lodging properties, as one of the building uses under the Building Act, refer to building types exclusively used for the lodging business. In other words, lodging properties in the narrow sense cannot be used for purposes other than the lodging business.
Dictionary Definition
'Lodging' means 'staying temporarily at a specific place for a certain amount of money away from home,' and 'properties' refer to 'buildings or demarcated land owned by someone.'
Statutory Definition
General lodging properties and residential lodging properties (properties that must report their lodging business under Article 3, Paragraph 1 of the Public Health Control Act and meet the requirements set and notified by the Minister of Land, Infrastructure, and Transport), tourist lodging properties (tourist hotels, floating hotels, traditional hotels, family hotels, hostels, small hotels, medical hotels, and timeshares), multi-living facilities (excluding those that fall under the second-class neighborhood living facilities), and other similar facilities are collectively referred to as lodging properties.
Lobin Commentary

In a broad sense, lodging properties generally consist of the following three parts:

  1. Guestrooms: Guestrooms are spaces for sleeping and are the most essential part of a lodging property. While some lodging properties might lack other parts, none can exist without guestrooms. Additionally, the quality of guestrooms is the most significant factor influencing the pricing of lodging products.
  2. Amenities: Spaces where optional services are provided, other than sleeping, are called amenities. For example, food and beverage outlets, lounges, banquet halls, swimming pools, and casinos fall under amenities. Depending on the type of lodging property, the relevant laws may specify the requirements for amenities.
  3. Public Facilities: Public facilities do not directly generate revenue, but without them, the establishment cannot fulfill its role as a standalone product. The lobby is an example of public facilities. Other public facilities include parking lots, staff spaces, mechanical rooms, electrical rooms, and linen rooms.

In the narrow sense, lodging properties must meet the following requirements according to ‘Enforcement Regulation of Public Health Control Act, Annex 1’:

  1. Residential lodging properties must have cooking facilities and ventilation facilities or windows. If cooking facilities are installed indoors, fixed cooking facilities must be installed in each room or in a communal cooking area.
  2. Residential lodging properties must have a bathroom or shower in each room. However, a “hostel”, as defined in Article 2, Paragraph 1, Subparagraph 2(m) of the Enforcement Decree of Tourism Promotion Act, may have shared bathrooms or showers.
  3. For lodging properties that are part of a building, the guestrooms must either occupy dedicated floors or have 30 or more rooms, or the area used for lodging business must be at least one-third of the building’s gross floor area. However, considering regional conditions, the number of rooms and area standards may be relieved by ordinances of metropolitan cities, provinces, special self-governing cities, or special self-governing provinces.
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Data Source

  • GDP: GDP, Current $US (World Bank Open Data)
  • Establishments: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Rooms: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Lodging GDP: Value Added by Industry (BEA), National Accounts (Cabinet Office), GDP of Indonesia (BPS), GDP & GNI by Sector (BOK), Economic Census (KOSIS)
  • Period: 2017-2021

※ In Korea, general & residential accommodations are included while rural & urban minbaks are excluded. Comparable countries are selected based upon availability of lodging GDP statistics for all types of accommodations.

Data Source

  • Population: Population, Total (World Bank Open Data)
  • GDP: GDP, Current $US (World Bank Open Data)
  • Rooms: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Lodging GDP: Value Added by Industry (BEA), National Accounts (Cabinet Office), GDP of Indonesia (BPS), GDP & GNI by Sector (BOK), Economic Census (KOSIS)
  • Period: 2017-2021

※ In Korea, general & residential accommodations are included while rural & urban minbaks are excluded. Comparable countries are selected based upon availability of lodging GDP statistics for all types of accommodations.

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Data Source

  • Korea: Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST)
  • USA: Census Database (STR)
  • Period: As at the end of 2021

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. Life cycle was calculated as of December 31, 2021 or actual closure date. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.

Data Source

  • Korea: Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST), Economic Census (KOSIS), Hotel Operating Statistics (KHA), DART (FSS), Trends Report (STR)
  • USA: Compendium of Tourism Statistics (UNWTO), Census Database (STR), Trends Report (STR)
  • Period: 2005-2021

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. Visibility was calculated as the number of establishments for which revenue data is available divided by the total number of establishments. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.

Data Source

  • Guests(Korea): Domestic Traveler Survey (MCST), International Traveler Survey (MCST), Hotel Operating Statistics (KHA)
  • Rooms(Korea): Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST)
  • Guests(USA): Compendium of Tourism Statistics (UNWTO), Trends Report (STR)
  • Rooms(USA): Compendium of Tourism Statistics (UNWTO), Census Database (STR)
  • Period: 2005-2020

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.