$1.6b in commitments for tourist projects

$1.6b in commitments for tourist projects

JAKARTA (JP): Total investment commitments for tourist-related
projects approved by the government from January to May this year
were worth $1.67 billion, according to the latest monthly report
from the Ministry of Tourism, Post and Telecommunications.

The report said that the commitments comprise 23 foreign
investment projects worth $278.14 million and 88 domestically
funded projects worth Rp 3.27 trillion ($1.4 billion).

The 23 projects involving foreign investment included 15
hotels worth $273.1 million, four recreational projects worth
$2.54 million, two travel agencies worth $500,000 and two tourism
service ventures worth $2 million.

The 88 domestic investment commitments approved by the
government include 358 hotels worth Rp 2.61 trillion, 26
recreational projects worth Rp 595.11 billion and 24 travel
agencies worth Rp 7.56 billion.

The report said that by May 1996 there existed, or would soon
exist, 8,674 hotels in Indonesia with 194,551 rooms. Of the total
hotels, 710 were star-rated with 67,562 rooms and 7,964 hotels
containing 126,989 rooms had no star rating.

It also said that there were 15,107 hotel rooms in Jakarta
with an average occupancy rate of 57.5 percent from January to
April this year.

The hotel occupancy rates in Jakarta decreased steadily from
67.19 percent in February, to 51.83 percent in March and to 50.11
percent in April. (icn)