Intercontinental Hotels Group has announced its ambitious plans to expand its portfolio in Saudi Arabia by adding over <strong>10,000 rooms</strong> within the next two to three years. This expansion aligns with its strategy to enhance its presence in the Saudi market.
The Banyumas Hotel and Restaurant Association expressed hope that new government budget efficiency policies will not negatively impact hotel occupancy rates. This optimism comes as the sector continues to recover from the effects of the COVID-19 pandemic.
Jakarta's hotel occupancy rates saw a significant decline in February 2026, reaching 51.72%, a decrease of 0.78% compared to January. This trend reflects ongoing challenges in the Indonesian capital's tourism sector.
The city of Bogor in Indonesia experienced a significant increase in hotel occupancy during the Eid al-Fitr holiday, reaching a rate of <strong>71%</strong>. This trend reflects a recovery in the tourism sector following a period of stagnation.