Exciting News for Jakarta Hotels!
Jakarta hotels reached record highs in occupancy and revenue per available room (RevPAR) in November 2023, according to preliminary data from CoStar, a leading provider of online real estate marketplaces, information, and analytics in the property markets.
November 2023 (year-over-year % change):
- Occupancy: 79.8% (+10.9%)
- Average daily rate (ADR): IDR1,030,269.24 (+10.4%)
- Revenue per available room (RevPAR): IDR822,163.52 (+22.5%)
Last month, Jakarta hosted several events that boosted hotel performance, including a Coldplay concert and IndoBuildTech Expo.
Daily data reveals that the highest occupancy levels were on Wednesday, 15 November (92.7%), the night of the Coldplay concert, closely followed by Thursday, 16 November (89.1%). Throughout the month, Jakarta’s occupancy levels remained above the 70% mark for all but three days.
For more information about the company and its products and services, please visit www.costargroup.com.
![Pinterest](https://pinterest.com/pin/create/button/?url=https://bollspel.com/records-broken-jakarta-hotel-occupancy-and-revpar-soar-in-november/&media=https://bollspel.com/wp-content/uploads/2023/12/8442-records-broken-jakarta-hotel-occupancy-and-revpar-soar-in-november.jpg&description="Discover how Jakarta's hotel industry achieved record-breaking occupancy rates and RevPAR (revenue per available room) in November. Find out the key factors driving this remarkable surge in hotel performance."){kind=link}