SINGAPORE, 18 July 2023: 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): IDR996,926.80 (+19.4%)
Revenue per available room (RevPAR): IDR664,759.69 (+20.8%)
The market’s occupancy level was the highest for any month since December 2022.
The daily data shows that the highest occupancy (82.2%) and RevPAR (IDR820,272.66) levels were recorded on Thursday, 22 June.
More of STR’s analysis can be found here.
