Help for small-scale hotels
Help for small-scale hotels
JAKARTA (JP): The Indonesian Hotel and Restaurant Association
(IHRA) said yesterday it will soon set up a working committee to
help small non-rated hotels get funds.
"The development of star-rated hotels is very rapid. But we
must also pay attention to the development of small hotels,"
IHRA's chairman Pontjo Sutowo said after closing the
association's second national assembly.
He said many small-scale businesses face financial
difficulties when developing or renovating non-rated hotels known
as hotel melati.
"We will conduct a study which may help them get collateral-
free loans at a maximum of Rp 50 million," he said.
He said IHRA will also encourage star-rated hotel owners to
get financing through stock markets, private placements, leasing
and other related instruments.
He said delegates from Sumatra, Sulawesi, Maluku, Irian and
Kalimantan, complained that many companies faced financial
problems.
Currently there are more than 630 star-rated hotels for a
total of over 58,000 rooms in Indonesia. There are 7,541 non-
rated hotels with some 120,000 rooms. (icn)
JAKARTA (JP): The Indonesian Hotel and Restaurant Association
(IHRA) said yesterday it will soon set up a working committee to
help small non-rated hotels get funds.
"The development of star-rated hotels is very rapid. But we
must also pay attention to the development of small hotels,"
IHRA's chairman Pontjo Sutowo said after closing the
association's second national assembly.
He said many small-scale businesses face financial
difficulties when developing or renovating non-rated hotels known
as hotel melati.
"We will conduct a study which may help them get collateral-
free loans at a maximum of Rp 50 million," he said.
He said IHRA will also encourage star-rated hotel owners to
get financing through stock markets, private placements, leasing
and other related instruments.
He said delegates from Sumatra, Sulawesi, Maluku, Irian and
Kalimantan, complained that many companies faced financial
problems.
Currently there are more than 630 star-rated hotels for a
total of over 58,000 rooms in Indonesia. There are 7,541 non-
rated hotels with some 120,000 rooms. (icn)