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<a href="http://www.accessmylibrary.com/coms2/summary_0286-25494461_ITM" title="Facts and information about INDONESIAN HOTELS REPORT ONGOING DECLINE IN OCCUPANCY RATES.">INDONESIAN HOTELS REPORT ONGOING DECLINE IN OCCUPANCY RATES.</a>
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INDONESIAN HOTELS REPORT ONGOING DECLINE IN OCCUPANCY RATES.
JAKARTA, June 1 Asia Pulse - Indonesian hotel operators have reported a slide in occupancy rates, while higher electricity fuel prices push operating costs up.
A hotel owner said the occupancy rate at star-rated hotels now averages 40 per cent, and in Jakarta the rate is even lower at 30 per cent - far below the average rate of 70 per cent before the Asian financial crisis in 1997.
Particularly sharp declines were recorded by hotels that rely on foreign visitors. The number of overseas ...
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Source: HighBeam Research, INDONESIAN HOTELS REPORT ONGOING DECLINE IN OCCUPANCY RATES.