WASHINGTON – 14 December 2023 – Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
November 2023 (year-over-year % change):
- Occupancy: 79.8% (+10.9%)
- Average daily rate (ADR): IDR1,030,269.24 (+10.4%)
- Revenue per available room (RevPAR): IDR822,163.52 (+22.5%)
Jakarta hosted several events that helped performance last month, including a Coldplay concert and IndoBuildTech Expo.
Daily data shows the highest occupancy levels on Wednesday, 15 November (92.7%), the night of the Coldplay concert, closely followed by Thursday, 16 November (89.1%). Jakarta’s occupancy levels remained above the 70% mark for all but three days during the month.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
