Jakarta’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from STR.
June 2023 (year-over-year % change):
- Occupancy: 66.7% (+1.2%)
- Average daily rate (ADR): IDR 996,926.80 (+19.4%)
- Revenue per available room (RevPAR): IDR 664,759.69 (+20.8%)
The market’s occupancy level was the highest for any month since December 2022.
When looking at the daily data, the highest occupancy (82.2%) and RevPAR (IDR 820,272.66) levels were recorded on Thursday, 22 June.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit www.str.com
