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Property Market Report | H2 2018 Surabaya Hotel

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Hospitality 1536x1040

For the past few years, the slow- moving supply has helped raise the overall performance in occupancy. This was particularly obvious in the second semester, when monthly rates surpassed the figures of the preceding years. Nonetheless, hotel owners generally dampened the need to adjust room price, as the overall market has yet to recover.

Landlords might need to adjust room prices due to the increasing operational costs and the anticipation of regional minimum wage to increase over the next year. Nonetheless, this remains a big challenge because it needs confirmation from the market. If it goes well, the chances of introducing new rates may happen, albeit moderately.


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Property Market Report | H2 2018 Surabaya Hotel

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Ferry Salanto

Senior Associate Director

Research

Jakarta

As Head Research Department, Ferry is in charge in providing property market knowledge for internal purposes and for clients. The scope of sectors covered in the quarterly market report comprises office, apartment, retail, hotel and industrial estate.

In regional tasks, the Heads of Research of each country work together in providing regional market reports covering the Asia Pacific region and globally. Currently Research Department is not only operating as a cost-centre department, as he and his team have been assigned by the Central Bank to provide monthly market information.

On the consulting front, the task involves providing a wide range of advisory services to our clients. Working closely with Consulting Department, we help clientsby preparing feasibility studies to determine whether their property projectsare viable from both financial or marketing aspects. 

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Nurul Yonasari

Senior Research Executive

Research

Jakarta

Nurul joined in the property industry since 2013. Experienced as property research for five years. Have a special interest in hospitality and tourism industry.

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