Asia -  Jakarta

In 2015, Jakarta had approximately 1,000 rooms added to the existing hotel supply, of which over 50% were in the upper upscale/luxury space. Since growth in supply for room nights outpaced its demand, the city saw occupancy decline by 6% over the previous year. However, due to a change in the composition of supply because of the addition of hotels in the upper upscale/luxury space, marketwide average rates exhibited 7% increase in Indonesian Rupiah (IDR) terms. The occupancy and average rate dynamics translated into an increase of 1.7% in RevPAR (in IDR terms), however, the same was lower than the inflation rate (6% as per EIU) resulting in a net decline in operating profitability as estimated in the HVI. In light of the same, coupled with a depreciating IDR, hotel values saw an approximate 14% decline in USD terms and 3% in IDR terms.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Jakarta RevPAR Change

Jakarta RevPAR

Year RevPAR
2013 97.02
2014 92.31
2015 83.38
2016 77.79
2017 78.76
2018 (f) 77.96
2019 (f) 77.46
2020 (f) 83.55

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)