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Property Market Report | Q1 2021 Jakarta Hotel

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Hospitality 1536x1040

Occupancy rate is still low but already on a positive trend after gaining momentum from last year’s performance. It has not yet recovered because the industry will need increasing human mobility to liven up the hotel market. Therefore, including hotel, all sectors are expecting effectiveness of the vaccine programme to help the economy recover.

During the slowdown period, hoteliers can capitalise on the time to conduct renovations and ensure preventative measures before returning to a more conducive market with a fresher and attractive look. We suggest hoteliers focus on the FIT market primarily over the next two months (Ramadan fasting month and Eid-Al-Fitr holiday) because the government and corporate market are still holding their spending. MICE activities are already allowed, but those that implement strict health protocols will provide more comfort for guests and visitors.


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Property Market Report | Q1 2021 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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