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Property Market Report | Q1 2020 Jakarta Hotel

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Hospitality 1536x1040

After the official announcement of COVID-19 cases in Indonesia, hospitality industries were hit hard when hotel occupancy fell sharply. Occupancy level was reported to have fallen below the regular low seasons. Even prior to the announcement, the February ADR performance had already dropped 6.8% month-to-month. We anticipate this will continue to deteriorate in March until the outbreak can be contained.

Amidst the hardship, hoteliers have taken some preventative measures to cope with the situation. Some hotels have already ceased operations because the recent low occupancy cannot cover operating costs. Operating hotels should consider efficiency by closing some cafés, restaurants or wellness facilities inside the hotel or only running several floors and offering room only (without breakfast).


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Property Market Report | Q1 2020 Jakarta Hotel

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Related Experts

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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