Hospitality Market in Indonesia 2022-2026

Hospitality Market in Indonesia 2022-2026

Technavio has been monitoring the hospitality market in Indonesia and it is poised to grow by $ 16.87 bn during 2022-2026, progressing at a CAGR of 12.03% during the forecast period. Our report on the hospitality market in Indonesia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by shifting preference for local and authentic experiences and increasing number of travelers opting for new types of tourism. In addition, shifting preference for local and authentic experiences is anticipated to boost the growth of the market as well.

The hospitality market in Indonesia analysis includes service and type of tourists segment.

Technavio's hospitality market in Indonesia is segmented as below:

By Type of Tourists

• Domestic
• International

By Service

• Foodservice
• Accommodation

This study identifies the implementation of sustainable tourism practices by hospitality companiesas one of the prime reasons driving the hospitality market growth in Indonesia during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hospitality market in Indonesia covers the following areas:

• Hospitality market sizing
• Hospitality market forecast
• Hospitality market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hospitality market vendors in Indonesia that include Archipelago International, OSO GROUP, PT Garuda Indonesia (Persero) Tbk., PT Kakaban Tour and Travel Services, PT PEGADAIAN, PT Pertamina Patra Niaga, PT Singarajaputra Tbk, PT. Golden Rama Express, SAHID HOTELS and RESORTS, and Xotels Ltd. Also, the hospitality market in Indonesia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.