July 13, 2020, 05.53 PM

JAKARTA, KOMPAS.com – Real estate services firm Colliers International Indonesia expects the hotel industry in the country to take a much longer time to recover from the coronavirus pandemic than it did from the SARS pandemic.

Colliers International Senior Associate Director Ferry Salanto said when the world went through the SARS pandemic, Asia needed 14 months to recover.

“Just like the coronavirus pandemic, the first SARS originated from Asia. However, the biggest share of Covid-19 cases globally is in the United States and Europe,” said Ferry.

Read also: Indonesia Warns Public About Covid-19 Airborne Transmission

“The Asia region at the time had the highest number of SARS cases. Considering the country’s large number of Covid-19 cases, Indonesia’s hotel industry will take longer to recover,” added Ferry.

Colliers International’s data on Indonesia’s hotel industry suggests that the occupancy rate of hotels in Jakarta plunged during the coronavirus pandemic.

The occupancy rate of hotels in Jakarta averaged 60 percent from January to February. In May, that figure was below 20 percent.

Read also: Airlines and Hotels in Indonesia Need 2 Years to Recover Post Pandemic

Moreover, Ferry said that Indonesias will postpone business trips and holiday plans until a Covid-19 vaccine is discovered.

This has affected hotel projects in Jakarta as many construction projects have come to a standstill.

Page:


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Business
August 5, 2022, 10.13 PM

China Begins to Ship Bullet Trains to Indonesia

News
August 3, 2022, 02.03 PM

ASEAN Warns Myanmar Against More Executions

News
July 29, 2022, 05.55 PM

Philippines Reports First Case of Monkeypox

Close Ads