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Luxury hotels in Jakarta, Bali recovering from pandemic: JLL

According to property consultancy Jones Lang Lasalle, revenue per room at top-rated hotels has been steadily increasing since July, with the exception of a slight decrease when the Omicron variant of COVID-19 hit the country in early 2022.

Fadhil Haidar Sulaeman (The Jakarta Post)
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Jakarta
Wed, April 20, 2022

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Luxury hotels in Jakarta, Bali recovering from pandemic: JLL Summer love: The Potato Head Beach Club in Seminyak, Bali, is designed akin to an open amphitheater with day beds and swim-up bars. (JP/Felix Martua) (JP/Felix Martua)

T

op hotels in Jakarta and Bali are recovering from the impact of the coronavirus pandemic and the travel restrictions imposed in response, an industry study shows.

Property consultancy Jones Lang Lasalle (JLL) reported on Wednesday that the luxury accommodation sector in Jakarta and Bali had entered a cycle of rising “revenue per available room (RevPAR)” in the first quarter of 2022 amid relaxed COVID-19 rules.

According to a virtual press briefing by JLL, RevPAR relative to 2019 increased steadily from July to December 2021, before a slight decrease occurred in early 2022 as infections with the Omicron variant spiked.

Between the two cities, Jakarta performed better with a year-on-year (yoy) RevPAR increase of 147 percent, while Bali followed with a 30 percent rise.

“Short-term recovery will probably see the dominance of domestic corporations and staycation guests continue to push demand,” said JLL marketing manager Monika Korompis in the briefing.

Read also: Indonesia's quarantine vs investments conundrum

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As a relaxation of entry rules for foreign tourists was postponed until the middle of the first quarter, domestic travelers had been the backbone of hotel occupancy until most recently, the JLL report shows, prompting hotels to lower their average daily room rate (ADR) to attract guests.

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