HVS Global Hospitality Services has opened an office in Jakarta as part of HVS Asia, and appointed Arief Gunawan as vice president Indonesia to oversee business development, strategic consulting, valuation and investment services across the region.
The opening of the Indonesian office is in line with growing interest from investors in developing properties in the country, not only in major cities but also in secondary destinations.
Chairman, HVS Global Hospitality Services China & South-east Asia, David Ling, said: “There has been growing interest in Indonesia’s second and third-tier markets, with many market players taking note of their massive potential.
“Stakeholders such as hotel operators, investors, developers, hospitality consultants and government sectors are hovering about the new investment hotspots of Indonesia.
“Economy to midscale hotel properties are key target segments for many stakeholders’ growth expansion plans in the coming years.”
Data from the Ministry of Tourism and Creative Economy showed that until end-September 2012, foreign investments in Indonesia’s tourism sector have doubled to US$7.3 billion. In contrast, the same period in 2011 saw US$ 2.5 billion in investments.
The Indonesia National Tourism Masterplan – which identifies 88 strategic destination clusters and 88 destinations, of which 16 will be given priority development in the next three to five years – has also given more reason for the opening of an Indonesia office.
HVS Global Hospitality Services is multi-skilled in the real estate and hotel industries, and well exposed to markets across Asia including hotels, resorts, serviced apartments and other hospitality related properties.
