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Colliers Quarterly Property Market Report Q4 2021 Jakarta Hotel

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Will Omicron be the new obstacle?

2021 has been a roller coaster year for the hotel industry in Jakarta. Conditions at the beginning of the year looked promising but, due to an increase in Covid cases, government finally had to implement a strict PPKM (public activity restrictions) in July. As a result, the performance of hotels declined drastically. As conditions improved, government began to loosen the PPKM and activities resumed but, at the end of the year, a new variant emerged which might be another stumbling block for the hotel industry.

Many hotels in Jakarta will be focusing more on MICE business, whilst the surrounding regions (BODETABEK) will also share the same market segment. However, support areas will also share the leisure and Staycation sectors better outside Jakarta.



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Colliers Quarterly Property Market Report Q4 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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