{"id":22141,"date":"2025-04-24T12:46:12","date_gmt":"2025-04-24T03:46:12","guid":{"rendered":"https:\/\/lobin.co\/support\/release\/20250415-update\/"},"modified":"2025-04-24T23:09:31","modified_gmt":"2025-04-24T14:09:31","slug":"20250415-update","status":"publish","type":"release","link":"https:\/\/lobin.co\/en\/support\/release\/20250415-update\/","title":{"rendered":"Database Update as of April 15, 2025"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Update Highlights<\/strong><\/span><\/p>\n<p><strong>1. Updated Type Classification to Statutory Classification<\/strong>: adjusted the business registration information at MOIS, based on building ledgers and business ledgers.<\/p>\n<ul style=\"margin: 0 0 1.5em 0; border: 1px solid #eaeaea; padding: 15px; list-style: none;\">\n<li style=\"margin-bottom: 5px;\"><strong>Before<\/strong>: Tourist Hotel, Other Hotel, Resodrt Condo, General Lodging, Residential Lodging, Rural Minbak, Urban Minbak, Other Lodging<\/li>\n<li><strong>After<\/strong>: Tourist Hotel, Family Hotel, Traditional Hotel, Small Hotel, Hostel, Resort Condo, Yeogwan, Yeoinsuk, Residential Lodging, Rural Minbak, Urban Minbak, Other Lodging<\/li>\n<\/ul>\n<p><strong>2. Excluded Establishments without Required Details<\/strong>: excluded establishments without details such as address, type, room count, etc. from the database<\/p>\n<ul style=\"margin: 0 0 1.5em 0; border: 1px solid #eaeaea; padding: 15px; list-style: none;\">\n<li style=\"margin-bottom: 5px;\"><strong>Before<\/strong>: 61,080 establishments (as of 2022)<\/li>\n<li><strong>After<\/strong>: 54,737 establishments (as of 2022)<\/li>\n<\/ul>\n<p><strong>3. Improved Data Collection and Consolidation Algorithms<\/strong>: changed the validation mechanism from single-layer to multi-layer, enhancing accuracy of the outcome<\/p>\n<ul style=\"margin: 0 0 1.5em 0; border: 1px solid #eaeaea; padding: 20px; list-style: none;\">\n<li style=\"margin-bottom: 5px;\"><strong>Single-layer<\/strong>: either accept or discard data sources collected, based on credibility evaluated through in-house matrix.<\/li>\n<li><strong>Multi-layer<\/strong>: accept all data sources collected, while adjusting each based on the probability calculated from historical trends<\/li>\n<\/ul>\n<p><strong>4. Added 2024 Data<\/strong>: added supply, demand and price data as of 2024, extending the time horizon to 20 years<\/p>\n<ul style=\"margin: 0 0 1.5em 0; border: 1px solid #eaeaea; padding: 15px; list-style: none;\">\n<li style=\"margin-bottom: 5px;\"><strong>Sources<\/strong>: Domestic Travellers Survey, International Tourists Survey, Hotel Operating Performance, scraping data<\/li>\n<li><strong>Processing<\/strong>: colsolidate and adjust collected data through in-house algorithms, and estimate missing data points<\/li>\n<\/ul>\n<p><strong>5. Added New Data Items to Improve Market Visibility<\/strong>: added new data items such as openings, closings, establishment age, room revenue, ADR, RevPAR<\/p>\n<ul style=\"margin: 0 0 1.5em 0; border: 1px solid #eaeaea; padding: 15px; list-style: none;\">\n<li style=\"margin-bottom: 5px;\"><strong>Before<\/strong>: Establishments, Rooms, Average Rooms, Rooms Available, Guests, Guests POR, Rooms Occupied, Occupancy<\/li>\n<li><strong>After<\/strong>: Establishments, Establishment Age, Openings, Closings, Rooms, Average Rooms, Operating Days, Rooms Available, Guests, Guests POR, Rooms Occupied, Occupancy, Room Revenue, ADR, RevPAR<\/li>\n<\/ul>\n\t\t<div data-elementor-type=\"container\" data-elementor-id=\"14073\" class=\"elementor elementor-14073 elementor-14063\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3a1de29 e-con-full e-flex e-con e-parent\" data-id=\"3a1de29\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cabec9a elementor-widget__width-inherit elementor-widget elementor-widget-button\" data-id=\"cabec9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/dashboard.lobin.co\/en\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Lodging Data Dashboard<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Update Highlights 1. Updated Type Classification to Statutory Classification: adjusted the business registration information at MOIS, based on building ledgers and business ledgers. Before: Tourist Hotel, Other Hotel, Resodrt Condo, General Lodging, Residential Lodging, Rural Minbak, Urban Minbak, Other Lodging After: Tourist Hotel, Family Hotel, Traditional Hotel, Small Hotel, Hostel, Resort Condo, Yeogwan, Yeoinsuk, Residential [&hellip;]<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"tags":[],"class_list":["post-22141","release","type-release","status-publish","hentry"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Update Highlights 1. 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