A Brief Review of Jakarta Tourism in 2019
The number of international tourists arriving in Jakarta through Soekarno Hatta and Halim Perdana Kusuma Airports fell by 13.5% in 2019 to 2.4 million, down from 2.8 million in 2018 according to recently released BPS Provinsi DKI Jakarta data. Over the period 2005 -...
A Brief Review of Bali Tourism in 2019
The number of international tourists in Bali grew by 3.6% in 2019 to 6.3 million, up from 6 million in 2018 according to the recently released annual Official News on Bali Province Tourism Development Statistics from Badan Pusat Statistik Provinsi Bali. Despite a...
Hotel Investment Risk & Return – Improving the Odds of Success in Indonesia
Hotel Investors often seem to have peculiar preconceptions about the main objective of hotel investment analysis. Many believe the financing decision is the major part of the analysis. Others treat the forecasting of cash flows and hotel values as the primary...
Metro Classifications & the Potential Economic Drivers for the Top 25 US Hotel Markets
While it is generally recognized that real GDP, real personal income and total employment are the major economic drivers for the growth in room night demand at the Metropolitan Statistical Area (MSA) level, little is known about the type of metro area that has a major...
Topline Tourism & Hotel Forecasts for Bali 2020
While the Trump administration's trade war with China and Brexit are among the issues causing corporate uncertainty, the only major inbound visitor arrival market to Bali that appears to be affected is the Chinese market which we forecast to decline from about 1.4...
Topline Tourism & Hotel Forecasts for Singapore 2020
While the Ministry of Trade and Industry (MTI) expects the Singapore economy to grow by 0.5 to 1.0% in 2019 and by 0.5 to 2.5% in 2020, the number of international visitor arrivals is expected to grow by about 3.1% to almost 19.1 million in 2019 and by 4.6% in 2020 to...
Targeting Hotel Markets with the Highest Supply Constraints
Targeting hotel markets with the highest barriers to entry and little to no competitive supply planned or under construction is one way to identify hotel assets with asymmetrical return potential. With some of the largest hotel markets in the US currently adding...
Clustering Indonesia’s Provinces by Hotel Occupancy Performance 2006-2018
The emergence of new hotel markets in resort, urban and suburban locations in Indonesia in recent years, has necessitated the need to better understand the economic drivers of these markets. A better understanding has enabled us to build more robust econometric...
Manhattan Hotel Market Battered by Attack from New Supply
The Manhattan lodging market is likely to end 2019 with an overall decline in RevPAR of 3.9%. Average occupancy for the entire market is likely to decline by 1.4% and average ADR is forecast to fall by 2.5% compared to 2018 as illustrated in the following table. The...
The Impact of the Lombok Earthquake (5 August 2018) on Guest Arrivals & Room Occupancy for Star Rated Hotels in West Nusa Tenggara
It's almost one and a half years since a magnitude 7.0 earthquake struck the island of Lombok, a major tourist destination in Indonesia's West Nusa Tenggara Province. With its epicenter near Loloan Village in the North Lombok Regency, the earthquake destroyed or...