The Effect Of The 2024 General Election, The Hotel Business Will Be Untung This Year

Illustration. (Photo: Doc. Antara)

JAKARTA - Property consultants estimate that the momentum of preparation for the 2024 General Election will provide many benefits to the hotel business in 2023.

Head of Research Colliers Indonesia Ferry Salanto said the easing of regulations by the government had made the hotel business run again. Meetings, Incentives, Conventions, Exhibitions (MICE) activities have also been busy in hotels.

"One catalyst for the hospitality business is the moment leading to preparations for the 2024 election. Usually during elections, the hotel business will get quite a lot of benefits," Ferry said in an online press conference quoted by Antara, Wednesday, January 4.

The profits that will be achieved by the hotel business, he said, mainly come from political party activities that will hold internal consolidation or activities related to preparations for the 2024 General Election.

On that occasion, Ferry also conveyed that overall hotel performance during 2022 which improved, it could even be said that during the pandemic period (2020-2022) the performance of 2022 was the best.

Colliers noted that there are 789 new room supplies consisting of 117 in Bali, 379 in Jakarta, and 293 in Surabaya. The supply of new hotels until 2025 is expected to increase from 3-star hotels to 5-star hotels.

In addition, the property consultant also estimates that this year tourist visits will increase, including tourist visits to Bali. Moreover, the Chinese government will abolish quarantine regulations, so it is hoped that it will attract Chinese tourists to travel to Indonesia again.

Meanwhile, the hotel business in Surabaya is expected to increase, considering that Surabaya is one of the cities where the U-20 World Cup will be held.