Jakarta’s hotel industry posted its highest monthly average daily rate (ADR) since August 2018, according to preliminary April 2023 data from STR.
April 2023 (year-over-year % change)
- Occupancy: 45.0% (-1.7%)
- Average daily rate (ADR): IDR1,015,991.89 (+32.9%)
- Revenue per available room (RevPAR): IDR456,808.80 (+30.6%)
When looking at daily data, Jakarta hotels reported their highest occupancy level on Wednesday, 12 April (at 59.4%). Overall, the market’s daily occupancy levels fluctuated between 30-60% throughout the month, with only one day falling below the 30% mark – Wednesday, 19 April (at 29.7%).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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 str.com and costargroup.com.