Indonesian Developer SSIA Adding 4,000 Rooms
Category:
Hotels, Posted:27 Nov 2012 | 06:00 am
Listed Indonesian development company PT Surya Semesta Internusa are set to invest in 35 new budget hotels in the country.
According to news in the Jakarta Post the group, which owns upscale Gran Melia branded hotels in Jakarta and Bali is making a strategic decision to focus domestic oriented low-cost properties.
There currently is a rash of new brand roll out's in the booming Indonesian budget sector and I will be interesting to see what happens once the dust settles after a massive influx of new supply.