According to property consultant Colliers International, more four-star hotels are needed in Jakarta to keep up with demand.

As reported by kompas.com, four-star hotels are among the most in demand, although availability is limited.

"This hotel category generally offers a decent rate that is closer to that offered by three-star hotels," Colliers International senior associate director Ferry Salanto said as quoted by kompas.com. 

Despite its affordable price, Ferry said the facilities of four-star hotels were sufficient, making it a favorite category in the market. 

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By the end of the year, Jakarta will have 2,488 new hotel rooms. However, four-star hotel rooms accounted for the smallest portion, with only 815 expected new rooms.

Meanwhile, three-star hotels would have an addition of 836 new rooms and 837 new rooms in the five-star hotel category.

The latest four-star hotel to open in Jakarta is the Mercure PIK Avenue in Pantai Indah Kapuk, North Jakarta, which boasts 240 rooms. 

A number of new hotels are set to begin operations in the next few months, with five of them set to be four-star hotels. The hotels are set to open across the city, including in East, North and Central Jakarta. 

The first quarter of 2018 has proven to be a busy time, which has pushed hotel occupancy rates up and is expected to grow as the year unfolds. 

"Early events ahead of the upcoming Asian Games and the IMF-WB annual meeting will encourage busier hotel activities," Ferry said. 

He further said Colliers had also seen a series of intense political meetings and activities in preparation for the 2019 elections, which will help increase hotel demand. In 2019, meanwhile, occupancy is projected to remain stable, he added. (liz/wng)