Indonesia’s hospitality industry is struggling as President Prabowo Subianto’s budget efficiency measures take effect. The sharp reduction in government-funded travel and events has led to a hospitality revenue decline, forcing hotels to cut costs, lay off workers, and rethink their business strategies. Industry leaders warn that without government intervention, the crisis could worsen, pushing more…
Read More
Indonesia’s hospitality industry experienced significant growth in 2024, driven by increased tourism and a 7.48% rise in accommodations. This expansion highlights Indonesia’s ability to meet growing traveler demand, particularly in urban and tourist-centric regions. Key developments, such as a surge in hotel bookings and the popularity of three-star hotels, underscore the sector’s resilience and adaptability….
Read More