Consumer confidence in economy!

Bank Indonesia's consumer confidence survey revealed Indonesian consumers were more optimistic during May 2014 compared to its preceding month. Consumer confidence in South East Asia's major economy increased to 116.90 during May from 113.90 during April. The confidence indicates that Indonesian consumers are more optimistic about the current Indonesian economy condition as well as conditions over the upcoming six months. The result during May was also higher compared to the same period during 2013 (at 112.8).

The survey revealed that in 12 out of 18 Indonesian cities, consumers showed more optimism in regards to the economy. The highest increase was found within the Bandung (9.3) and Bandar Lampung (10.2) cities.

Based upon spending, consumers who spend at least IDR5million (USD$423) per month, tended to show the largest growth in confidence.

Indonesia hotspot for hotels - Hilton opening several hotels throughout the country!

 

Jakarta’s booming economy associated with an active domestic travel market, has made Indonesia a hotspot for hotels. The Indonesian Hotels and Restaurants Association’s latest data forecasts that there will be 50,000 new supplies, raising classified rooms available in the country to over 200,000 by the end of this year, compared to 171,000 at the end of last year. If non-classified hotels are taken into account, the total of supplied rooms during 2013 stands at 431,000.