Jakarta sees five new hotels in Q2

These projects added 765 rooms to the city’s hotel supply.

In Q2 2024, there was a significant increase in hotel supply in Jakarta. According to Colliers, several new hotels commenced operations, including one 3-star hotel, two 4-star hotels, and two 5-star hotels with a supply of 138 rooms, 213 rooms and 414 rooms respectively. 

This collectively adds to the total hotel room count in Jakarta to 43,250 rooms. 

Here’s more from Colliers:

This expansion primarily occurred in Central Jakarta (three hotels) and the CBD (two hotels), both remaining prime areas for new hotel developments due to their proximity to business and governmental centers. 

While there is potential for hotel growth outside the CBD, projects in the CBD often experience construction delays, leading to operational postponements. At present, the growth in new hotel supply in Jakarta is not as pronounced as it was previously; however, we still see a continuing increase. 

This addition in supply will naturally affect hotel performance, yet Jakarta is still regarded as a prime location for new hotel development, particularly because the current hotel market performance has returned to a relatively stable condition