Hotel Occupancy Hit Hard by Coronavirus
Thursday, 19 March 2020
The COVID-19 coronavirus has hit the hotel industry hard with occupancy rates well down on the seasonal average across Indonesia. The overall occupancy rate had fallen below the regular low season average of 50% to 60% to 30% to 40% since the outbreak of the coronavirus in China in early January. Previously, the government has announced incentive package of Rp10.3 trillion (US$742 million) to boost consumer spending and tourism.
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