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Today's Headlines Hospitality
An interesting project for investors who seek to enter - or expand their business - into the hospitality industry of Indonesia is the four-star Amos Cozy Hotel & Convention Hall. This hotel is for sale with the offering price set at USD $24 million.
Although Indonesian consumers are increasingly spending on leisure activities and entertainment (rather than purchasing goods), local banks are still hesitant to disburse credit to sectors that support these leisure activities, such as the hotel industry.
Indonesia's Investment Coordinating Board (BKPM) and Tourism Ministry invite private investors to invest in three priority destinations in the country's tourism sector. In total the projects that are on offer require about USD $2.9 billion worth of investment. The projects were offered at the Regional Investment Forum (RIF) in Padang (West Sumatra) that was held between 15-17 October 2017.
Indonesian authorities are eager to boost the number of tourists in Indonesia, both domestic and foreign tourists, because this will put the nation's economic wheels in motion, create employment opportunities for local communities and, in the case of foreign tourists, will result in rising foreign exchange earnings. In order to absorb a larger flow of tourists the government of Indonesia wants to see the development of more homestay accommodations across the Archipelago.
The government of Indonesia is to allow bigger foreign ownership in a number of sectors. These sectors involve the cinema/film industry, tourism, leisure, trade, as well as the sugar and rubber industries. The move to increase opportunities for foreign investors by revising the country's Negative Investment List (in Indonesian: Daftar Negatif Investasi) is part of the government's ninth economic stimulus package (to be released soon), is designed to attract more foreign direct investment (FDI) into Indonesia.
The Kagum Group, a hospitality management company in Indonesia, is eager to expand into the sharia tourism sector by establishing a chain of sharia hotels across Indonesia. Sharia hotels are hotels that follow Islamic principles such as offering separated indoor (protected from public view) swimming pools for men and women or serving halal food and beverages (excluding pork and alcoholic drinks). Through sharia-compliant hotels, the group targets to welcome more tourists from the Middle East.
Investments in Indonesia's tourism industry are primarily aimed at the hotel and restaurant sector. Indonesia's Minister of Tourism and Creative Economy Mari Elka Pangestu said that investments in Indonesia's tourism industry reached a total of USD $602.6 million in 2013. This consisted of foreign investments (USD $462.5 million) and domestic investments (USD $140.2 million). Pangestu said that several domestic and foreign hotel operators are eager to expand their business in Indonesia as demand increases.
One of the sectors in Indonesia that has posted double-digit growth in recent years and is forecast to continue growing is the country's cleaning service industry. As Indonesia's property & real estate, hospitality and public service sectors have grown significantly amid economic growth, increasing demand for cleaning services has emerged. The Association of Indonesian Cleaning Service Enterprises (Apklindo) stated that turnover in Indonesia's cleaning service sector was IDR 60 trillion (USD $5.3 billion) in 2013 and will grow a further 15 percent in 2014.
PT Surya Semesta Internusa Tbk (SSIA) is an Indonesian property developer. Over the last four decades, Surya Semesta Internusa has transformed from a private real estate developer into a public company with 8 operating subsidiaries, whose activities are grouped into three main categories i.e. property, construction and infrastructure, and hospitality. The company has a firm focus on industrial estates, resorts, hotels and offices but has recently also started to invest in toll roads.
Latest Columns Hospitality
Bali, 8 September 2022 – The global pandemic was a massive hit to the tourism industry worldwide, but now, the industry is reviving along with the better world situation. Aiming to support Indonesia’s reviving tourism industry, PT Pamerindo Indonesia positively responds to this promising condition by presenting the return of Food, Hotel & Tourism Bali (FHTB) 2022, which is the largest International Hospitality, Food & Beverage Trade Exhibition in Eastern Indonesia.
Food & Hotel Indonesia (FHI) exhibition will be held again on 26-29 July 2022 at the Jakarta International Expo (JIEXPO) after being held virtually (online) last year due to the global COVID-19 pandemic. This year’s 16th edition of FHI aims to gather the national business players to synergize globally through Indonesia internasional leading hospitality and food & beverages (F&B) trade exhibition.
Jakarta, 9 September 2021 - Food & Hotel Indonesia (FHI) returns on 21–24 September 2021 with a new format: a virtual exhibition (VirtualHub). This marks the first time the FHI is done virtually during the COVID-19 pandemic. With the online exhibition or VirtualHub, business players and consumers can still attend this long-awaited event despite the pandemic.
Pamerindo Indonesia, the leading trade fair organizer in Indonesia, introduces the launch of its most-anticipated Food and Hospitality Series show, Hotelexpo Indonesia and Specialty Food Indonesia (previously named Hotelex Indonesia and Finefood Indonesia). Covering the latest trends and innovation in the hospitality and specialty food sector, the expo will be held on July 22-24, 2020 at JIEXPO in Kemayoran, Jakarta.
Indonesia's largest food and hospitality exhibition, Food & Hotel Indonesia 2019 will kick off its 15th edition on July 24, 2019 at JIExpo Kemayoran Jakarta. Organised by Pamerindo Indonesia, this four-day biannual expo highlights the breakthroughs that are transforming Indonesia's preferences in the new concept of food and hotel industries.
Those who have business interests in Panama and seek their dream house in the beautiful hills of this Central American country, or those who search an interesting investment object in Panama's property sector, now have a great opportunity at their disposal. One of the most beautiful luxury villas in Panama is now for sale. Insiders in Panama's property market call this "a unique object".
On 12-13 May, the Hospitality Investment Conference Indonesia (HICI) 2015 will be held in Jakarta. The event, a collaboration between the Jakarta International Hotels Association, the Indonesian Hotel & Restaurant Association (Perhimpunan Hotel dan Restoran Indonesia) and Sphere Conferences (the conference arm of Singapore Press Holdings Limited), aims to become the leading platform in addressing opportunities and challenges in Indonesia’s hotel and hospitality industry.
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