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Indonesia 2017 Hotel Performance Highlights
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The Gunung Agung eruption heavily affected Bali’s November and December performance, with year-over-year revenue declines of 10.1% and 35.2%, respectively.
Surabaya recorded growth in the three KPIs: occupancy (+3.5% to 53.8%), ADR (+0.2% to IDR 646,794.18) and RevPAR (+3.8% to IDR 347,694.95). Affected by incoming
supply in the market, Makassar’s RevPAR declined 8.7% compared with 2016.
Hotel demand in Indonesia increased 6.2%, which was the highest growth rate in the country since 2011. Supply grew at a much slower rate (+3.3%), and RevPAR rose 2.0% year over year to IDR 645,532.13.
Performance comparisons were much better in Jakarta’s non-CBD areas (RevPAR: +1.7%) than the CBD (RevPAR: -1.9%).
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