RED Planet Indonesia has opened the 156-room Tune Hotel Surabaya, its seventh property in Indonesia, bringing the company one step closer to its goal of achieving 20 hotels across the country w next two years.
The owner and operator of Tune Hotels in Indonesia currently has in its pipeline two hotels in Jakarta and one each in Jogjakarta, Semarang, Karawang, according to Bina Sembiring, director of sales and marketing, Red Planet Indonesia.
Suwito, president director of Red Planet Indonesia, is confident the Tune Hotels brand will make domestic and international travel more affordable and accessible across the country. “We are of the firm belief that the value-for-money, otherwise known as the budget hotel, sector in Indonesia has the scope for the most growth with rising domestic demand fuelling this expansion,” he said.
“Our in-depth research strongly indicates this segment is also the most resilient sector of the hotel market in Indonesia and will remain profitable through the normal ebbs and flows of an emerging economy.”
Echoing Suwito’s sentiments, Bina said: “Since opening its doors on July 1, Tune Hotel Surabaya’s occupancy has reached between 80 and 90 per cent.”
The company already operates hotels in Jakarta, Bekasi, Pekanbaru, Solo, Palembang and Makassar, totalling 1,063 rooms.
Red Planet Indonesia’s portfolio expansion in the country comes after its recent acquisition by Pusako Tarinka, an IDX-listed company. The acquisition also saw Pusako Tarinka changing its name into Red Planet Indonesia while continuing to trade under the IDX ticker of PSKT.
