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Property Market Report | H2 2019 Surabaya Hotel

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Hospitality 1536x1040

During H2 2019 several events form corporate and government started to fill the hotel agenda. However, the MICE event was not as good as expected, especially held by the government was still below the expected target, most likely because they were waiting for new government policy.

Surabaya has seen a relatively stagnant hotel market situation for some years. Triggered by the rapid hotel development and modest volume of room inquiries, the typical business hotel in Surabaya is much dependable on economic situation. Hoteliers are much expecting more events to be held in Surabaya.


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Property Market Report | H2 2019 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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