$1.6b in commitments for tourist projects<\/p>\n
JAKARTA (JP): Total investment commitments for tourist-related
\nprojects approved by the government from January to May this year
\nwere worth $1.67 billion, according to the latest monthly report
\nfrom the Ministry of Tourism, Post and Telecommunications.<\/p>\n
The report said that the commitments comprise 23 foreign
\ninvestment projects worth $278.14 million and 88 domestically
\nfunded projects worth Rp 3.27 trillion ($1.4 billion).<\/p>\n
The 23 projects involving foreign investment included 15
\nhotels worth $273.1 million, four recreational projects worth
\n$2.54 million, two travel agencies worth $500,000 and two tourism
\nservice ventures worth $2 million.<\/p>\n
The 88 domestic investment commitments approved by the
\ngovernment include 358 hotels worth Rp 2.61 trillion, 26
\nrecreational projects worth Rp 595.11 billion and 24 travel
\nagencies worth Rp 7.56 billion.<\/p>\n
The report said that by May 1996 there existed, or would soon
\nexist, 8,674 hotels in Indonesia with 194,551 rooms. Of the total
\nhotels, 710 were star-rated with 67,562 rooms and 7,964 hotels
\ncontaining 126,989 rooms had no star rating.<\/p>\n
It also said that there were 15,107 hotel rooms in Jakarta
\nwith an average occupancy rate of 57.5 percent from January to
\nApril this year.<\/p>\n
The hotel occupancy rates in Jakarta decreased steadily from
\n67.19 percent in February, to 51.83 percent in March and to 50.11
\npercent in April. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/16b-in-commitments-for-tourist-projects-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}