Lodging Establishments in Korea Rep of - Sic Code 7011 (15,054 Companies)
Businesses providing temporary lodging accommodations for travelers and other guests. These establishments range from budget motels to luxury hotels and resorts, offering various amenities such as restaurants, meeting rooms, and recreational facilities.
Among the companies & organizations operating in this sic code are Hotels, Motels, Resorts, Inns, Boutique Hotels and Extended Stay Hotels.
Top 25 Largest Companies companies in Hotels and Motels Industry
This industry operates primarily on a B2C model with some B2B elements through corporate accounts, events, and conferences, with revenue driven by room rates that fluctuate based on seasonality, location, and demand patterns. The competitive landscape is segmented by price point and service level with significant consolidation among major brands, while navigating complex local regulations including zoning, safety standards, and taxation that vary significantly by jurisdiction.
Industry Statistics
The total number of companies in Hotels and Motels is 15,054
Company Size Distribution in Hotels and Motels Industry
The distribution of companies by employee count shows that the majority (14,919) have between 1 and 100 employees.
Revenue Distribution in Hotels and Motels Industry
The distribution of companies by annual revenue shows that 306 companies have revenue between $1 million and $5 million.
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Top cities in Korea Rep of in Hotels and Motels
| # | Country | Number of companies | Percentage |
|---|---|---|---|
| 1 | Seoul | 1,824 | |
| 2 | Busan | 868 | |
| 3 | Incheon | 623 | |
| 4 | Jeju | 563 | |
| 5 | Daegu | 419 | |
| 6 | Seogwipo | 372 | |
| 7 | Gwangju | 352 | |
| 8 | Changwon | 336 | |
| 9 | Ulsan | 330 | |
| 10 | Daejeon | 284 | |
| 11 | Taean | 243 | |
| 12 | Jeonju | 214 | |
| 13 | Gapyeong Gun | 212 | |
| 14 | Gyeongju | 207 | |
| 15 | Pohang | 200 | |
| 16 | Yeosu | 193 | |
| 17 | Geoje | 191 | |
| 18 | Gangneung | 185 | |
| 19 | Suwon | 180 | |
| 20 | Cheongju | 178 | |
| 21 | Yongin Gun | 173 | |
| 22 | Cheonan | 163 | |
| 23 | Seongnam | 160 | |
| 24 | Chuncheon | 148 | |
| 25 | Ansan | 146 |
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