“Serviced apartments in Jakarta demonstrated consistent growth in average occupancy rates during Q3 2023 and increments in average rates is expected with new inventory in the city. Globally, Pan Pacific and Parkroyal Serviced Suites achieved average occupancies of 75% in 2023, attributed to a substantial corporate clientele, and this asset class is on a growth trajectory.
Jakarta’s gradual rebound in business travel, particularly in industries such as oil and gas, minerals, and finance, is expected to further propel the robust demand for serviced apartments.” said Choe Peng Sum, Chief Executive Officer, Pan Pacific Hotels Group.
In addition to the opening of Parkroyal Serviced Suites Jakarta, PPHG will continue to accelerate its growth in the heart of Jakarta’s CBD, with several other openings planned throughout 2024.
About Pan Pacific Hotels Group Limited
Pan Pacific Hotels Group is a global hospitality company that owns and manages over 50 hotels, resorts, and serviced suites comprising three brands – “Pan Pacific”, Parkroyal Collection, and Parkroyal in more than 30 cities across Asia Pacific, North America, and Europe. Headquartered in Singapore, it is a member of Singapore – listed UOL Group Limited.
Pan Pacific Hotels and Resorts delivers sincere and graceful service to every guest with a passion for excellence.
Parkroyal Collection Hotels & Resorts is driven by our passion for life and sustainability.
Parkroyal Hotels & Resorts is distinguished by its passion for people and places, immersing every guest into local and authentic cultures.
Visit panpacific.com.
About Pan Pacific Discovery
Pan Pacific Discovery is a loyalty programme designed to enhance every guest experience. Members can savour the benefits of Discovery Dollars (D$), a user-friendly digital rewards currency, granting exclusive discounts on room rates, dining experiences, and more.
With each tier progression, members elevate their status to unlock enhanced privileges and the opportunity to earn and spend D$ on premium hotel amenities and experiences, including Pan Pacific Hotels Group-owned dining outlets worldwide.
Pan Pacific Discovery is a member of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotels with 40 brands and over 800 hotels around the world. To become a member, visit panpacific.com.
