SiteMinder’s Post

🌟 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

🏆 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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Data released by travel platform Agoda shows that booking rates for Asia by European tourists have 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝟮𝟱% 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝗱 𝘁𝗼 𝟮𝟬𝟮𝟯, proving that Asia has gained a significant increase in interest. The most popular Asian destinations for European tourists are Thailand, Indonesia, Japan, Malaysia, and the Philippines. For Indonesia itself, Jakarta, Bali, and Lombok are the most popular destinations for them to visit. As the country's flagship tourism destination, Bali is consistently the most searched-for and booked destination in the country. With this rise in interest, tourism leaders are encouraging airlines and governments to facilitate direct flights from Europe to the island. [Read more here: https://lnkd.in/gkXyQ9NP] This surge in European tourist interest in Bali can be positive news for investors in rental properties. Here's how: • 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗿𝗲𝗻𝘁𝗮𝗹 𝗶𝗻𝗰𝗼𝗺𝗲: With more tourists visiting Bali, there's a larger pool of potential renters for your property, which could lead to higher rental income. • 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝘃𝗮𝗹𝘂𝗲 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻: Over time, rising demand for rental properties in Bali could drive up property values, meaning your investment could appreciate in value. Before investing in Bali's rental property market, careful evaluation of the market, property type, location, and regulations is crucial. Ready to find your perfect high-performing Bali investment property?𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼𝗱𝗮𝘆! ＋62 818 0888 7711⁠⁠⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ (WhatsApp) contact@propertiabali.com⁠⁠⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁠⁠⁣⁣⁣⁣⁣⁣⁣⁣ www.propertiabali.com⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ PROPERTIA BALI is a fully licensed real estate agency. (⁣⁣⁣⁣⁣⁣⁣AREBI-LSP certified / SIU-P4) #PropertiaBali #Bali #RealEstate #RentalBusiness #Tourism #News #InvestmentOpportunity #BaliUpdate

🌟 Significant Growth in Foreign Visitors to Nusa Tenggara Timur's Star-Rated Hotels! 🌟 I'm pleased to share some exciting news about the booming tourism in Nusa Tenggara Timur. The number of foreign guests staying in star-rated hotels has seen a solid growth of almost 93% from the first five months of 2023 to the same period in 2024! 🔹 2023 (Jan-May): 22,525 guests 🔹 2024 (Jan-May): 43,406 guests This growth highlights the increasing popularity of emerging destinations, including West Manggarai (Labuan Bajo), Kupang City, West Sumba, and Sikka. These areas are becoming top choices for international travelers seeking unique and unforgettable experiences. Stakeholders continue to promote and support sustainable tourism in Nusa Tenggara Timur. 📎 (Source: BPS Statistics - Indonesia & PT. Hotel Investasi Strategis) #NusaTenggaraTimur #TourismGrowth #HospitalityIndustry #SustainableTourism #TravelTrends

Sabah is actively seeking tourism investment to enhance its hospitality infrastructure, particularly to accommodate the influx of tourists arriving through Kota Kinabalu International Airport, the 2nd busiest airport in Malaysia. The tourism sector plays a significant role in Sabah's economic landscape, contributing 11.7 percent to the state's Gross Domestic Product (GDP) and 0.72 percent to Malaysia's overall GDP. Tourism Investment in Sabah. The robust performance of Sabah's tourism industry is largely attributed to retail trade activities, accounting for 43.9% of the sector, and accommodation and food & beverage services, with a share of 30.2%. Noteworthy growth rates include a 2.2 percent increase in retail trade and a 2.7 percent expansion in accommodation, food & beverage services. For those interested in exploring investment opportunities in Sabah's thriving tourism sector, reaching out to the Sabah Trade and Tourism Office Singapore Let's get connect via nigel.choi@sabahtradetourism.com.sg #Sabah #SabahMajuJaya #Investment #Trade #Tourism #AirConnectivity

Sometimes you get to have a meeting in a gorgeous location! Sadly was just for the day, but it was great to get to Bali for the first time since the pandemic and get a pulse on the latest in the tourism industry there. I had the pleasure of joining Lucy Christie and team from Marriott for a discussion on regional travel trends. At Visa Consulting & Analytics (VCA) we have a model which allows us to take patterns of card spend and estimate both overall travel volumes and spending patterns. We can do this at quite a granular level, such as by city or by category type. When we took a look at Indonesia, and Bali specifically, a few insights stood out: - Visitors from Mainland China make up a bigger share of visitors in Jakarta than pre-pandemic, likely due to rising Chinese strategic investment in the Indonesian economy in sectors such as Nickel - In contrast, visits from Mainland China to Bali are down, both in absolute terms and as a share, while those from India have risen markedly and will likely be the biggest single origin over the next year - Indonesia has just overtaken NZ as the most popular destination for Australian tourists - Visitors to Indonesia are spending a bigger share of budget on restaurants and hotels as compared to the Asia-Pacific average - Looking at Asia's top 10 travel corridors, five of them have cheap shopping as a key driver (eg HK-Mainland China, Singapore-Malaysia, Mainland China-Japan)

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

🌍 Surge in Domestic Tourism Across Indonesia: A 2024 Snapshot 🌍 Indonesia's domestic tourism sector is witnessing a fascinating trend in the period January-July 2024, with a remarkable 18% overall growth in domestic trips compared to the same period in 2023. However, the distribution of this growth is far from uniform, revealing key insights into the evolving dynamics of travel across the archipelago. 🔍 Key Highlights: Top Performers: Provinces like Maluku (129%), Papua Selatan (124%), Papua Barat Daya (120%), and Papua Barat (117%) have seen explosive growth, with more than double the number of domestic trips. This underscores a burgeoning interest in exploring Indonesia's more remote and less-traveled regions. Negative Growth: Conversely, established regions like Sulawesi Tenggara (-4%) and Sulawesi Barat (-3%) have experienced a decline, which may signal shifting traveler preferences or the need for rejuvenated tourism strategies in these areas. Moderate Growth in Popular Destinations: Traditional hotspots such as Bali (14%) and Banten (14%) continue to grow but at a more measured pace, indicating a possible saturation or a plateau in visitor numbers. Emerging Growth Hubs: Nusa Tenggara Timur (54%), Aceh (47%), and Sumatera Utara (45%) are emerging as new growth hubs, attracting significant attention and travel from domestic tourists. 🔗 Insight: There is a notable negative correlation (-0.45) between the absolute number of trips in for the period in 2024 and the percentage growth. This suggests that provinces with historically lower tourist numbers are now experiencing the most rapid growth, while more established regions see steadier, if slower, increases. This data reveals a potential shift in Indonesia’s tourism landscape, where untapped regions are gaining traction and could redefine the future of domestic travel. For tourism stakeholders, understanding these patterns is crucial for adapting strategies to both capitalize on emerging markets and sustain growth in traditional areas. 📎 (Source: BPS Statistics - Indonesia & PT Hotel Investasi Strategis) #IndonesiaTourism #DomesticTravel #MarketTrends #TourismStrategy #EmergingMarkets #TravelGrowth

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