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Property Market Report | Q1 2019 Jakarta Hotel

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Hospitality 1536x1040

The slow performance in Q1 2019 was already predicted. Business activity has yet to resume and the anticipated political event is another reason why the market in Q1 has not flourished. Fortunately, several corporate and government events had commenced and were expected to be done before Election Day.

Q2 will be challenging due to festive season. Hoteliers have to keep up with their Q3 and Q4 budgets. Hoteliers are pretty sure that there will be a lot of government activities held during Q3 and Q4. To maintain loyal customers, hoteliers must also dare to offer privileges to their guests so that they would not move to other hotels, especially new hotels.


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Property Market Report | Q1 2019 Jakarta 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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