Asia Pacific Market Reports: Indonesia Hotel Market Performance
By Matt Gebbie on October 25, 2016
Our Horwath HTL office in Indonesia teamed up with STR to write our latest Asia Pacific Market Reports: Indonesia Hotel Market Performance.
Extract from our Indonesia Hotel Market Performance report
Java to Bali is one of the world’s classic overland routes, popular with Indonesians and foreigners alike, especially for Europeans with extended vacations. The trip itself consists of multiple destinations, offering a wide spectrum of genuine Indonesian cultural experiences. Typically, visitors start in Jakarta as a transport hub and city destination; continue to Bandung, which offers a combination of highland greenery, heritage and urban offerings; then stop in Yogyakarta, the centre of Javanese culture and education; then on to Surabaya, Indonesia’s second-largest city and the gateway to Bromo, Batu/Malang or Banyuwangi; and finally, the journey ends in Bali, everyone’s favourite, must-visit destination in Indonesia.
Each city offers something different, and each has their own unique hotel market characteristics. Destinations share similarities in trend and performance, but the character is always different.
This report provides a snapshot of hotel performance in Indonesia as well as each of the 5 destinations during H1 2016. Included are hotel market occupancy and rate year over year (YOY), new hotels, some demand trends and expectations on infrastructure that should alleviate some development strains.