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Business 5 years ago
Airbnb aims for $35 billion valuation in long-awaited IPO
Airbnb Inc said on Tuesday it is aiming for a valuation of up to US$34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the US home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.
Business 5 years ago
Tourism association cites more than Rp 100 trillion loss as result of COVID-19
Indonesian Hotel and Restaurant Association (PHRI) data show that the current situation has led to massive layoffs within the industry, with around 550,000 hotel employees, or around 78.5 percent of the total registered workers in the industry, already furloughed or laid off.
News 5 years ago
More hotels, restaurants in Labuan Bajo to get CHSE certification
Labuan Bajo and Komodo National Park, two popular tourist destinations in East Nusa Tenggara, have welcomed foreign and domestic visitors under strict health protocols since the second phase of their reopening on Aug. 15.
Business 5 years ago
Hotel occupancy rate drops slightly in September after rally
Statistics Indonesia (BPS) data show that the country’s average hotel occupancy rate from August to September went down 0.8 percentage points to 32.12 percent, a drop of 21.4 percentage points from the same period last year.
Business 5 years ago
Tourism ministry to start disbursing relief grant to 101 cities, regencies next month
A new relief grant from the tourism ministry aims to buoy the nation's tourist industry through December, with a possible option for extending to 2021, pending its effectiveness in helping businesses offset the multifaceted fallout of the coronavirus crisis.
