Indifferent Indonesian tourists pummel floundering OUE Hospitality Trust

Indonesian tourist arrivals have dipped 9.2%.

Travellers from the region are the bread and butter of the hospitality firm, and Indonesians form a large chunk of their visitors.

It’s therefore a red flag when Indonesian arrivals dip by 11% overall to 2m from Jan-Sep this year, with only one month of positive yoy increase recorded, according to a report by OCBC.

According to OCBC, Indonesians are getting less motivated to travel, owing to the archipelago’s slowing economic growth, aggravated by the relatively strong SGD.

“OUE Hospitality Trust (OUEHT) has been impacted partially by this, as we believe Indonesian tourists contribute ~25%-30% of its room nights occupied,” OCBC said.

Meanwhile, though OCBC noted that it did experience lower room nights from its Indonesian customers in 3Q, the decline was notably less than the overall industry dip.

“We also note that management has been putting in efforts to diversify its customer profile, with encouraging numbers from India, South Korea and longer haul regions such as Europe and U.S,” OCBC said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia