Hotel Market Update: Jakarta

By Matt Gebbie on December 23, 2016

Our Horwath HTL office in Indonesia teamed up with STR to write our latest Asia Pacific Market Reports: Jakarta Hotel Market Update.

Extract from our Jakarta Hotel Market Update report

The Tourism Ministry and Indonesian Tourism Promotion Agency organized a 5km race along the East Flood Canal in East Jakarta to promote the area as a new tourist attraction. This man-made tourist spot is the city’s pilot project for better treatment of rivers in the city. The race, officially known as BKT 5k Festival included bazaar and entertainment.
The Ministry of Transportation has signed off on a regulation that will allow foreign-owned jets to fly to two or more international airports in Indonesia. Previously, private jets or other foreign non-commercial aircrafts could only serve international flights into one airport at one time. According to Dassault Falcon Asia Pacific, a more relaxed flight permit regime could turn Indonesia into the largest business jet market in South East Asia by 2019.

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Matt Gebbie