Jakarta hotel occupancy and RevPAR reached significant levels in November
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.
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.For more information about the company and its products and services, please visit www.costargroup.com.