Ross Woods

Data Through: January 2026  Release Date: 21 February 2026 1. Island-Level Signal Metric YoY Change Occupancy -9.9% ADR +1.4% RevPAR -8.7% Interpretation Island-wide RevPAR declined -8.7% YoY, driven primarily by broad-based occupancy compression. ADR remains marginally positive (+1.4%), indicating partial rate defence but insufficient to offset volume softness. The recovery phase is giving way to a more competitive and differentiated market environment. Performance outcomes are increasingly...

With Indonesia’s hotel construction pipeline falling from 57,720 rooms in 1Q2020 to 33,804 in 1Q2023, a CAGR of -16.3%

an investment strategy that addresses multiple interrelated cycles is therefore more likely to meet an investor’s most ambitious goals