Jakarta’s hotel industry has recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from hotel analytics company STR.
For June 2023, the Indonesian capital city’s hotel occupancy rates were 66.7%, a year-on-year percentage increase of 1.2%.
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By GlobalDataThe city’s ADR was Rp996,926.80, a rise of 19.4%, and its RevPAR was Rp664,759.69, an increase of 20.8%.
According to STR’s daily data, the highest occupancy (82.2%) and RevPAR (Rp820,272.66) levels were recorded on Thursday, 22 June 2023.
The market’s occupancy level was reportedly the highest for any month since December 2022.
Jakarta is located on the northwest coast of Java Island and is one of the most populated cities in the world, making it a hotspot for hoteliers looking to expand their presence in Southeast Asia.
Hospitality company Accor has signed a new Ibis Styles hotel at BSD City in Greater Jakarta which will open in Q2 2024. In June 2023, Accor also debuted a property in Palembang, South Sumatra province, with the opening of ibis Palembang Sanggar.
According to GlobalData’s report, Travel & Tourism in Indonesia, the country’s top five leading source markets are Malaysia, Australia, Singapore, India and the UK.
