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Indonesia's Growing Consumer Class

Category: Hotels, Posted:18 Mar 2013 | 16:01 pm

It's a bright sunny day in Jakarta and if you think traffic is bad on Phuket, just visit this city for a new look at gridlock.
That given the hospitality and properties sectors are buzzing and the Hospitality Investment World conference I am attending has a strong turn out.
With the country's population tipping 240 million, there are an estimated 140 million domestic travelers. And consulting firm McKinsey estimates that over 90 million will be in the consumer class by 2030.
Reading today's Jakarta Post there is a piece on the rapid expansion of hotels to tertiary cities in Sumatra and Kalimantan.
Last year the country just tallied in over 8 million overseas visitors so there remains strong upside potential.

Other News

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