Luxury hotel properties in Jakarta and Bali are seeing stronger RevPAR that has surpassed pre-pandemic levels, according to a JLL survey.
For the financial year ending June 2023, luxury RevPAR in Jakarta has reached 1.4 million rupiah (US$93), 10 per cent higher than in 2019. In Bali, luxury hotels have registered a RevPAR of 4.6 million rupiah, exceeding pre-pandemic levels by 21.4 per cent.
Julien Naouri, senior vice president, investment sales hotels and hospitality group, JLL Asia-Pacific said Jakarta hotels’ performance was boosted by increasing occupancy and average daily rates (ADR), which have risen along with international arrivals to the city.
Latest data from the Central Board of Statistics (BPS) showed that international arrivals to Jakarta between January and May 2023 were at 639,497. In May, Jakarta welcomed about 158,000 international tourists, exceeding pre-pandemic levels for the first time, Naouri added.
Meanwhile, Bali has welcomed 1,863,837 international arrivals between January and May, representing 81 per cent of the pre-pandemic levels, according to BPS.
The JLL survey also showed that both destinations will welcome more hotels by end-2023.
Bali will see six hotel openings that will add 555 rooms to the existing inventory of 45,621 as of June. In Jakarta, two hotels – the 316-key Swiss-Belhotel Kelapa Gading and the 253-key Mövenpick Jakarta Pecenongan – will contribute to the existing 58,105 rooms in the market.