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Indonesia Hotel Performance 2017 Insights

Hotel demand in Indonesia grew significantly in 2017 at the highest rate since 2011, however supply increased at a slower pace. As a result, revenue per available room (RevPAR) rose slightly. Performance was better in the non-central business district areas of Jakarta compared to the CBD. The eruption of Mount Agung heavily impacted Bali's hotel performance in November and December with double-digit revenue declines. Surabaya saw increases in occupancy, average daily rate, and RevPAR. Makassar's RevPAR declined due to growing hotel supply.

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106 views1 page

Indonesia Hotel Performance 2017 Insights

Hotel demand in Indonesia grew significantly in 2017 at the highest rate since 2011, however supply increased at a slower pace. As a result, revenue per available room (RevPAR) rose slightly. Performance was better in the non-central business district areas of Jakarta compared to the CBD. The eruption of Mount Agung heavily impacted Bali's hotel performance in November and December with double-digit revenue declines. Surabaya saw increases in occupancy, average daily rate, and RevPAR. Makassar's RevPAR declined due to growing hotel supply.

Uploaded by

ph.alvin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Indonesia 2017

Hotel Performance
Highlights

Hotel demand in Indonesia


increased 6.2%, which was
the highest growth rate in the
country since 2011. Supply
grew at a much slower rate
(+3.3%), and RevPAR rose
Performance comparisons 2.0% year over year to IDR
were much better in 645,532.13.
Jakarta’s non-CBD areas
(RevPAR: +1.7%) than the
CBD (RevPAR: -1.9%).
The Gunung Agung eruption
heavily affected Bali’s
November and December
performance, with year-
over-year revenue declines
of 10.1% and 35.2%,
respectively.

Surabaya recorded growth in the


three KPIs: occupancy (+3.5%
to 53.8%), ADR (+0.2% to IDR
646,794.18) and RevPAR
(+3.8% to IDR 347,694.95).
Affected by incoming
supply in the market,
Makassar’s RevPAR
declined 8.7%
compared with 2016.

To learn more, please contact us at:


[email protected] | +62 (0) 21 2975 8957 | str.com | #visitwonderfulindonesia2018

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