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Colliers Quarterly Property Market Report H2 2021 Surabaya Hotel

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Is it the recovery time?

By the end of 2020, 2021 was expected to be a turning point for the hotel sector. Conditions did appear to be improving in early 2021, but by mid-2021, cases of Covid-19 spread throughout Indonesia and forced the government to implement an emergency brake, meaning that mobility was limited. The impact was a decrease in hotel performance due to many delays and/or cancellation of activities.

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Colliers Quarterly Property Market Report H2 2021 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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