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Leisure trend, right partners drive Marriott’s Indonesia expansion
Marriott International president and CEO Anthony Capuano spoke with The Jakarta Post about the business climate in Indonesia and its bold move to sign an agreement to develop three new hotels in the nation's new capital, Nusantara.
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Marriott International president and CEO Anthony Capuano (Courtesy of Marriott International/news.marriott.com)
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em>Indonesia’s tourism industry has shown strong recovery after COVID-19, as hotel occupancy across the regions has reportedly reached pre-pandemic levels. As the nation gears up for the 2024 election season that begins in November, Marriott International, the world’s largest luxury hotel chain, recently signed a deal with Surabaya-based real estate giant PT Pakuwon Jati to develop three hotels in the Nusantara capital city (IKN), often criticized as an ambitious legacy project of President Joko "Jokowi" Widodo.
Marriott International president and CEO Anthony Capuano spoke with The Jakarta Post's Yohana Belinda and Adisti Sukma Sawitri about the deal and the current business climate in the country.
Question: How do you view the hospitality industry in Indonesia?
Answer: It's such a vibrant, evolving destination. This part of the world generally is one of our most rapidly growing regions in the world.
We see strong growth across all of our demand segments. It's a region of the world that has so much to offer in terms of rich cultural history, really interesting both business destinations and leisure destinations.
We have fantastic products across all quality tiers. And so we think it's a region and a country where we'll continue to see exceedingly strong growth. We have 69 open hotels across Indonesia today.
We now have 35 hotels in the pipeline. So we are moving rapidly towards having a hundred hotels in Indonesia, which is very exciting for us, and it's a market that we think has really extraordinary potential.
