Legal Disclaimer
  1. Lobin Co. (hereinafter referred to as “Company”) makes no representations or warranties with regard to the completeness, accuracy, reliability or suitability for any purpose of all contents, such as documents and data (including documents and data not provided directly to users), provided by the Company at the homepage (lobin.co, websites under the sub-domains and applications provided at the websites, collectively referred as the “Homepage” hereinafter), videos, links, advertisements and member postings(hereinafter referred to as “Content”) as well as with regards to the information about assets and/or markets (including but not limited to information about any lodging property, lodging real estate market, data products, etc.) which may have been purchased or acquired form a third party through the “Content”.
  2. You acknowledge and agree that you use the “Content” at your own risk, and in no event the “Company” is liable for any direct, indirect, incidental, punitive or consequential damages arising out of or in any way connected with your use of the “Content”.
  3. The “Company” shall not be responsible for the correction of the “Content”. However, the “Company” may improve the “Content” as needed at its own discretion.
  4. You can only use the “Content” within the scope permitted by the “Homepage” and shall not download, extract, transfer, or post the “Content” to websites other than the “Homepage” without Company’s prior consent.
  5. You shall not access the system providing the “Company”’s “Content” in a way that is not allowed. In particular, the mechanical approach using programs or the account information of a third party shall be strictly prohibited.
  6. You are not entitled to any information or rights (patent, trademark rights, copyrights, data base rights and other intellectual property rights) related to the “Content”, and shall not use the copyrighted work, trademark, etc. related to the “Content” without permission of the “Company”. Any false representations or impressions that may lead the others to misunderstand the right holder of the “Content” is prohibited.
  7. You shall not disclose, (re)produce, (re)distribute or use the “Content” without an express permission of the “Company”, and shall not use the “Content”(including personal information) for the purposes other than specified and permitted at the “Homepage”, without prior consent of the “Company”.
  8. You acknowledge and agree that you fully understand and shall comply with the conditions above, and make anyone obtaining the “Content” from you comply with them. You are responsible for violations of the conditions by you or anyone obtaining the “Content” and liable for damages to the “Company” caused by such violations.
  9. If you do not agree to any of the terms and conditions illustrated above, you are not allowed to access the “Homepage” or to use the “Content”. In such case, please stop using the “Homepage” and the “Content” immediately.
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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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※ Messages intended for defamation or obstruction of business by Lobin Co. and /or other third parties, or containing content that is obscene, violent or unrelated to Lobin Co.’s business, will automatically be blocked by the system and not delivered to the administrator.

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.