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Property Market Report | Q3 2019 Jakarta Hotel

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Hospitality 1536x1040

After the period of slow performance in H1 2019, the hotel market started to pick up decently in the Q3 2019. Business resumed activities both the government and corporate market. Nonetheless, we still consider the situation as moderate, without any big push in the market. Hotel market in Jakarta definitely requires significant stimuli from MICE activities, otherwise the pattern is always foreseeable.


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Property Market Report | Q3 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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