Indonesia's Luxury Hotel Occupancy Returns to Pre-Pandemic Levels, Outperforming Other Classes and Boosting Tourism Growth
🏨 Indonesia's luxury hotel occupancy hit pre-pandemic levels by March 2026, surpassing other classes by 5.5 percentage points. Hotel rates jumped over 40% since 2019. Bali's branded residences grew 30.3% year-on-year, reaching IDR 707 trillion (USD 40 billion) across 50,025 units. Indonesia's share is IDR 24.7 trillion (USD 1.4 billion) with 1,145 units. Bali hosts 70+ hospitality-managed developments, with Canggu/Berawa leading. ITX 2026, held at The Langham, Jakarta, drew 400+ leaders, focusing on tourism growth.
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