Every quarter, Colliers provides research reports that can be downloaded for free. From our research report, you can obtain key market information from demographics, trends, and forecast reports about each different property sector. Here we provide you a research report about the hotel sector in Jakarta.
Two new hotels were opened in Jakarta during the quarter providing a total of 342 rooms which brought the total star-rated hotels in Jakarta to 192, comprising 39,310 rooms. For the remainder of 2017, there will be a total of 4,356 additional hotel rooms in Jakarta that will bring the total number in Jakarta to 43,666 rooms, representing a 12% growth in supply YoY. The Average Daily Rate (ADR) dropped from USD81.19 last quarter to USD79.45, primarily triggered by the lower occupancy (AOR) from 57.9% last quarter to only 50.7% this quarter.
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