jakarta hotel performance
Jakarta Hotel Occupancy and RevPAR Reached Significant Levels in November
CoStar Group | December 14, 2023
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 conc...
Jakarta Hotel ADR and RevPAR Highest Since October 2018
STR | July 18, 2023
LONDON— Jakarta’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from STR. June 2023 (year-over-year % change): Occupancy: 66.7% (+1.2%) Average daily rate (ADR): IDR 996,926.80 (+19.4%) Revenue per available room (RevPAR): IDR 664,759.69 (+20.8%) The market’s occupancy level was the highest for any month since December 2022. When looking at the daily data, the highest occupancy (82.2%) and RevPAR (IDR 820,272.66) levels were recorded on Thursday, 22 June. More of STR’s analysis can be f...
STR: Jakarta Hotels Post Highest Room Rates Since 2018
STR | May 18, 2023
LONDON – Jakarta’s hotel industry posted its highest monthly average daily rate (ADR) since August 2018, according to preliminary April 2023 data from STR. April 2023 (year-over-year % change) Occupancy: 45.0% (-1.7%) Average daily rate (ADR): IDR1,015,991.89 (+32.9%) Revenue per available room (RevPAR): IDR456,808.80 (+30.6%) When looking at daily data, Jakarta hotels reported their highest occupancy level on Wednesday, 12 April (at 59.4%). Overall, the market’s daily occupancy levels fluctuated between 30-60% throughout the month, with only one day falling below the 30% mark – Wednesday, 19 April (at 29.7%). Mor...
