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Indonesia attracts Hospitality investments despite Stumbling Economy

Indonesia continues to attract investments in the hospitality sector despite its struggling economy. Recently, Mövenpick Hotels & Resorts headquartered in switzerland revealed that Indonesia is the centre of their expansion strategy in Asia and announced the Mövenpick Resort & Spa Jimbaran, which is to be set up in Bali by the end of 2016. The Hotel management company is eyeing expansion in Indonesia and planning to set up more than 30 properties in Indonesia within a few years

INTERNATIONAL hospitality brands continue to expand their presence in Indonesia despite the country’s struggling economy.Indonesia’s hotel investment unabated despite economic slowdown
 
 
Andreas Mattmüller, COO of Mövenpick Hotels & Resorts in the Middle East and Asia, said: “Indonesia is a key market for our expansion in this exciting region for the hospitality sector."
 
Mövenpick Hotels & Resorts has announced its debut property in Indonesia, Mövenpick Resort & Spa Jimbaran, which is set for a 3Q2016 launch in the south of Bali.
 
Besides ongoing partnership discussions in Jakarta, Surabaya and Bandung, the Swiss hospitality group will be adding eight properties over the next three years in the region, including Thailand, Malaysia, Vietnam and the Philippines, added Mattmüller.
 
Meanwhile, Plateno Hotels Group has made Jakarta its Australasia regional base with a pipeline of properties already in place.
 
Kevin Wallace, managing director Australia of Plateno Hotels Group, said: “Indonesia has a strong potential and we are looking at operating between 30 and 40 properties in the next three years.”
 
In Bali alone, besides the operational 75-room 7 Days Premium Kuta Bali, Plateno also plans to open other brands in Nusa Dua, Ubud and Denpasar between December 2015 and mid-2016.
 
In West Java, the group has taken over the management of The Mirah Bogor. The hotel is currently under renovation and is being upgraded to become a co-branded 7 Days Premium and James Joyce Coffetel property.
 
Apart from Indonesia, Wallace also expressed interest in expanding the Plateno brand to the Philippines, Vietnam, Sri Lanka and India.
 
 
(Source: TTG Asia)
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Mövenpick Hotels & Resorts