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Property Market Report | Q2 2020 Jakarta Hotel

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Hospitality 1536x1040

When the first case of COVID-19 was officially announced, the hotel market was immediately affected by headwinds, highlighted by the diminishing number of guests and business activities. The situation became worse during the last quarter with temporary hotel closures. Some hotels have already minimised operational costs by selectively utilising the main function of the premises. AOR hit its lowest point at 15.8% in April and this was, obviously, also translated into declining ADR figures.

During the hardship period, hoteliers have to find other creative ways to still benefit from the outbreak such as utilising the hotel for self-quarantine facilities. It is advisable for hoteliers to continue to implement health protocols and, more importantly, increase management quality and implement technology which minimises physical contact.


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Property Market Report | Q2 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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