Great to be back in Jakarta for the Tech In Asia summit! And Bali real estate is never far from being discussed. The “Lesson from the Brink” session provided insights from those who navigated the hospitality industry through the pandemic’s toughest days. Key Takeaways from Daniel Rouquette and Amit Saberwal's Discussion: 1. Strengthening domestic market: Local tourism has helped sustain the industry through international travel restrictions. 2. Quick recovery in luxury travel: The luxury segment returned faster and performed better than ever. 3. Rise of staycations due to international travel being limited. Today, the domestic market represents 65% of the tourism in Bali. Don't forget that if you plan to do business in the Island of Gods. #techinasia #balirealestate #hospitality
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🌟 Revisiting the Dependency of Indonesia’s 5-Star Hotels on Foreign Guests in 2023 🌟 Three years ago, we explored the extent to which Indonesia's premier accommodations depended on international visitors. As we emerge further from global travel restrictions, it's time to reevaluate the landscape of the 5-star hospitality industry across the archipelago. Current Trends: High Dependency: Kep. Riau and Bali remain highly reliant on international tourism, though their foreign guest percentages have seen changes, now at 75.8% and 66.2%, respectively. Nusa Tenggara Barat also continues to feature prominently with a substantial 40.8%. Balanced Dependency: Jakarta’s dependency has slightly decreased but remains significant at 32.3%. Nusa Tenggara Timur has also adjusted to 41.9%, showing continued reliance on foreign tourism. Looking Forward: The path to recovery remains multifaceted. While domestic demand has buoyed the industry, the true resurgence, particularly in high-dependency areas like Bali and Kep. Riau, hinges on the return of medium and long-haul international flights. The resilience and adaptation of domestic markets will be critical as we navigate the evolving dynamics of global travel. As we continue to monitor these shifts, our strategies must adapt to not only recover but thrive in the coming years. Stay connected for more updates and in-depth analyses! 🖇 (Source: BPS Statistics - Indonesia & PT. Hotel Investasi Strategis) #HospitalityIndustry #Tourism #MarketAnalysis #Indonesia #DataDrivenDecisions
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🔍 Analyzing the Surge in Domestic Tourist Visits to Jakarta in the First Half of 2024 📊 The first half of 2024 has seen a notable increase in domestic tourist visits to various regions within Jakarta, reflecting a strong recovery and growing interest in the capital's diverse attractions. 🌍 Key Highlights: 1️⃣ South Jakarta leads the growth with an impressive 83% increase, rising from 5.89 million visits in Jan-Jun 2023 to 10.78 million in Jan-Jun 2024. This makes it the most popular destination within Jakarta for domestic tourists. 2️⃣ East Jakarta also saw substantial growth, with visits increasing by 55%, from 4.96 million to 7.68 million. The region's appeal continues to grow, attracting a larger share of the domestic travel market. 3️⃣ Central Jakarta recorded a solid 26% increase in domestic visits, jumping from 6.78 million in 2023 to 8.56 million in 2024. This growth underscores the region's continued importance as a central hub for business and tourism. 4️⃣ West Jakarta experienced a 19% growth, moving from 5.38 million visits in 2023 to 6.38 million in 2024, showing steady improvement and resilience. However, not all regions saw growth: 5️⃣ North Jakarta experienced an 8% decline, with visits dropping from 6.77 million to 6.2 million. 6️⃣ Thousand Islands faced the steepest decline, with a 31% drop in visits, from 0.29 million to 0.2 million, highlighting the need for renewed focus on this unique destination. Overall, DKI Jakarta saw a robust 32% increase in domestic tourist visits, from 30.07 million in the first half of 2023 to 39.8 million in the same period of 2024. This growth is a strong indicator of Jakarta's resilience and its appeal as a top destination for domestic travelers. As we continue into the latter half of 2024, these figures not only reflect the recovery from the pandemic but also signal a vibrant future for tourism in Jakarta. The significant growth in certain areas offers valuable insights into shifting travel patterns and preferences among domestic tourists. 📎 (Source: BPS - Statistics - Indonesia & PT. Hotel Investasi Strategis) #JakartaTourism #DomesticTravel #TourismGrowth #Indonesia #TravelIndustry #TourismRecovery #HospitalityIndustry #MarketTrends
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Bali is Booming in 2024! If you love Bali or are considering visiting, you must check this out! Bali is having an AMAZING year, and the numbers prove it. Tourism in 2024 is off the charts! Just look at these stats: January: 420,000 visitors (up 25% from last year) February: 450,000 visitors (up 25% from previous year) Total Expected in 2024: 7 million visitors (up from 5.2 million in 2023) These numbers mean Bali is more popular than ever! And guess what? The busiest time is from June to September, when we expect over 500,000 visitors monthly. But that's not all—this tourism boom is shaking up the real estate market, especially in Uluwatu. Tourists are now splitting their time between Canggu and Uluwatu, making Uluwatu a hot spot for new investments. Here are some of the coolest areas to watch in Uluwatu: Nyang Nyang Suluban Thomas Beach Padang Padang Balangan Melasti And check out these new developments that just launched: Ocean City Villa: Starting at $151,000 Soho Surfside Uluwatu: Starting at $191,000 These spots are selling out fast! 😱 For example, Villa Calaia in Babakan and the Bingin Hills project have already sold out completely. So, if you want to own a piece of Bali, don't wait too long! 💬 Want to know more? Drop a comment below, and let's discuss how you can get in on this exciting opportunity! #Bali2024 #RealEstate #TravelGoals #Uluwatu #BaliLife
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#keeppositive #moveforward #thesign #indonesiagrowth A Surprising Sign of Economic Recovery? The Full Occupancy Phenomenon in Indonesian Hotels During the long weekend of September 14-16, 2024, Indonesians flocked to popular holiday spots. Bandung, a top destination, saw all hotels fully booked. This phenomenon wasn’t isolated; it reflects broader economic trends and signals optimism for Indonesia's recovery. Hotel Occupancy as a Barometer of Confidence Hotel occupancy is often linked to consumer confidence. In tough times, people cut back on travel, but now, many feel secure enough financially to enjoy leisure trips. The packed hotels in cities like Bandung, Bali, and Yogyakarta suggest rising confidence and a desire to spend, signaling a recovering middle class—a key driver of Indonesia’s economy. Surge in Domestic Spending Domestic spending is another factor fueling this trend. With inflation stable and purchasing power intact, Indonesians are eager to travel again. Full hotels benefit not only the hospitality sector but also retail, food, and local tourism services, creating a ripple effect that boosts the economy. Domestic Tourism as Growth Engine Domestic tourism has become the backbone of Indonesia’s hospitality recovery. Government campaigns promoting local travel, such as the "Work from Bali" initiative, have spurred increased travel across the country. As international travel remains uncertain, more Indonesians are exploring local destinations, contributing to economic resilience and growth. Broader Economic Impact The full occupancy trend signals broader recovery beyond the hospitality industry. With strong consumer demand and government infrastructure projects, travel is becoming easier, fueling tourism and driving economic growth. Additionally, the surge in domestic tourism is revitalizing lesser-known regions, contributing to more balanced regional development. Opportunities and Challenges While the outlook is bright, challenges such as global inflation and geopolitical uncertainties persist. However, Indonesia’s strong domestic market and consumer base position it well to navigate these issues. In conclusion, the fully booked hotels reflect the resilience of Indonesia’s economy and growing consumer confidence. The hospitality industry’s revival is just the beginning of a broader recovery that promises growth across multiple sectors. As domestic tourism flourishes, it paints a picture of an economy ready for further development. Do you agree with this?
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MALAYSIA:Malaysia is poised to reach its target of 4.2 million Indonesian visitors this year, having already welcomed 3 million tourists by October, as reported by Hairi Mohd Yakzan, the Director of Tourism Malaysia Jakarta. Yakzan credited the success to the introduction of new flight connections, a series of impactful promotional campaigns, and robust partnerships with tourism organizations throughout Malaysia’s states. https://lnkd.in/g6YBaiZP #malaysia #tinmediaupdates #tinmedia #jakarta #tourism
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There has been a notable surge in the number of flights to and from Bali, encompassing both local and international routes. The number of arrivals for both foreign and domestic tourists in January 2024 exceeded the figures for the same period in 2021, 2022, and 2023. This indicates an improvement in Bali’s tourism. To find out more about hotel market in Bali, download and read Colliers Quarterly Property Market Q1 2024 Report | Jakarta Hotel through this link: https://ow.ly/Y7XA50ROCqg To discuss more about hotel market in Indonesia, please reach out to our #experts, Satria Wei and Ferry Salanto. #ColliersIndonesia #AccelerateSuccess
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Insights into Domestic Tourism Trends in Indonesia (2019-2023) Our recent analysis into the growth of domestic tourism in Indonesia from 2019 to 2023 has unveiled some fascinating trends. While several provinces have experienced significant increases in the number of trips, it's important to also acknowledge the challenges faced by many regions. 🔝 Top Performers: Jawa Timur: Leading with a solid Compound Annual Growth Rate (CAGR) of 24.9%, showcasing its growing attraction. Sulawesi Tenggara: Achieving an impressive 19% CAGR, indicating a rising popularity. Sulawesi Utara: Steady growth with a 13.1% CAGR, reflecting its appeal to domestic travelers. 🌟 Notable Growth in Provinces: Nusa Tenggara Barat: Achieved a solid 11.5% CAGR, attracting more visitors each year. Di Yogyakarta: Known for its rich cultural heritage, experienced a 10.8% CAGR. 📉 Challenges and Declines: Despite these successes, it's important to highlight that 21 out of 34 provinces witnessed a decline in domestic trips over this period. Many of the more remote and distant provinces have seen fewer visitors, likely due to challenges related to accessibility and travel logistics. For instance: Kalimantan Utara: Experienced a decline with a CAGR of -23.4%. Papua Barat: Saw a decrease with a CAGR of -23.3%. Maluku: Faced challenges resulting in a -19.9% CAGR. These declines underline the necessity for improved infrastructure and connectivity to support and stimulate tourism in these regions. 📊 Overall Insights: While Indonesia as a whole demonstrated resilience with an overall CAGR of 3.4%, the disparity in growth rates across provinces highlights the importance of strategic investments and targeted initiatives to bolster tourism in less accessible areas. This data emphasizes the need for continued efforts to make all regions of Indonesia more accessible and attractive to domestic tourists. By addressing these challenges, we can ensure more balanced growth and help all provinces benefit from the economic advantages of tourism. 🏞️✈️🌍 📎 (Source: BPS Statistics - Indonesia & PT. Hotel Investasi Strategis) #Indonesia #Tourism #DomesticTravel #TravelTrends #TourismGrowth #ExploreIndonesia #TravelInsights #EconomicDevelopment #TravelChallenges #TourismInfrastructure #DiscoverIndonesia #TravelData #SupportLocalTourism #TravelIndustry
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🏆 Diving Deep into Jakarta's Dynamic Tourism Activities: Opportunities for Investors and Hoteliers Jakarta, a bustling metropolis, is seeing a fascinating shift in domestic tourism trends that offer robust opportunities for the accommodation sector. Our latest insights into 2023's tourism data reveal diverse interests among domestic travelers, with a significant emphasis on culinary experiences. 🍴 Culinary Tourism leads, drawing 54.9% of tourism activities. Jakarta’s diverse food scene continues to be a major draw, suggesting hotels and resorts can significantly benefit from offering specialized dining experiences or food festivals that showcase local flavors. 🏢 MICE Tourism also stands strong at 18.6%, reflecting Jakarta's pivotal role as a regional hub for corporate and business events. There is substantial potential for properties that can provide comprehensive business facilities and quick access to the city's economic centers. 🌆 City/Rural Tourism, with 18%, indicates a balanced interest in exploring both the urban dynamics and quieter, peri-urban areas of Jakarta. Accommodations that provide easy access to both faces of Jakarta will attract a broad spectrum of travelers. 🌊 Marine and 🌲 Eco Tourism show healthy interest at 12.9% and 8.4% respectively, underscoring an appreciation for both the natural and urban landscapes. Integrating eco-friendly practices and promoting sustainability can enhance appeal to environmentally conscious visitors. This diverse array of interests not only enhances guest satisfaction but also boosts occupancy and profitability for those who adeptly tailor their offerings to meet these demands. With Jakarta’s tourism sector continually evolving, aligning your investment and operational strategies to these trends is crucial for staying ahead in the competitive market. While these figures do not add to 100%—as they represent the percentage of trips associated with specific activities rather than exclusive choices—they offer valuable insights for hotel investors and managers. Tailoring services and amenities to meet these diverse interests could not only enhance guest satisfaction but also maximize occupancy and profitability. 📊 Attached is a treemap visualization representing the major domestic tourism activities in Jakarta, providing a quick glance at where the potential lies for targeted investments and strategic enhancements in the hospitality sector. Let’s harness these insights to innovate and excel in Jakarta’s promising tourism and hospitality landscape! 📎 (BPS Statistics - Indonesia & PT. Hotel Investasi Strategis) #JakartaTourism #Jakarta #Indonesia #HotelInvestment #SustainableTravel #CulinaryTourism #CulturalTourism #MarineTourism
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Facts about Bali 1. Indonesia is one of the most populated places in the world. 2. Maount Aguing is the most sacred place in Bali 3. The Balinese year is 210 days. 4. Bali is home to the most expensive coffee in the world. 5. 80% of Bali's economy is related to tourism.
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CEO at Villa Finder
2moIt was a pleasure catching with you after the session Matthieu! Looking forward to staying in your hotel in Sidemen