Indonesia is one of the biggest tourist destinations in South East Asia and has become one of the targets for luxury hotels. In 2016, only around 10 luxury hotels were developed in the country, by international hotel chains such as Ritz Carlton and domestic chain PTT family.
It is expected that these trends will continue during the next five years, with competition in the area thus set to increase. International hotel chains are expected to complete new hotel developments such as Park Hyatt in 2017 and Capella group hotel in early 2018.
Indonesia has a total of 17,000 islands which offer unique natural landscapes and abundant beaches that attract tourists from all over the world. Aside from Bali, many investors are beginning to look for secluded and untouched beaches to build luxury hotels and resorts.
Hotel Mulia is the leader in luxury hotels, accounting for almost 50% of total sales in Indonesia. Mulia currently has five outlets in Bali and Jakarta, all of which have high occupancy of at least 65%.
International hotel chains such as such as Ritz Carlton, JW Marriot, and Capella Hotels continue to dominate. This trend is projected to continue over the next five years as consumer perceptions of internationally well-known hotel chains remain unchanged.
Internet hotel booking reservation players such as Booking.com, Agoda.
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Understand the latest market trends and future growth opportunities for the Luxury Hotels (5-star plus) industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Luxury Hotels (5-star plus) industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Luxury Hotels (5-star plus) research and analysis database.
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