Jakarta Provincial Government's Hotel Business Records Three Years of Losses
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The Governor of Jakarta, Anies Baswedan, plans to build a five-star hotel as part of the revitalization of Taman Ismail Marzuki (TIM). Many artists oppose this plan, fearing that the revitalization will commercialize the arts center.
They criticize the plan, arguing that the government should maximize the use of the hotel assets owned by PT Jakarta Tourisindo (Jaktour). This is because Jaktour's net profit has been declining for the past five years. Since 2016, PT Jaktour has incurred losses of Rp 16.5 billion, continuing until 2018 with losses of Rp 15.5 billion.
PT Jaktour's losses are attributed to the deteriorating quality of service and hotel infrastructure it manages. This has made it less competitive compared to other hotels, compounded by the fact that ministries and government agencies are no longer its clients.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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