The Staycation Phenomenon Makes The Occupancy Rate Of Rented Apartments Rise 20 Percent Page all

JAKARTA, KOMPAS.com – Phenomenon staycation when the Covid-19 Pandemic was considered capable of increasing demand apartment rent about 20 percent up to 30 percent.

This was stated by Senior Advisor Research Knight Frank Indonesia Syarifah | Syaukat when he answered Kompas.com, Thursday (18/02/2021).

According to Syarifah, programs staycation or in simple language vacationing near home for a short period of time, attracting people’s interest.

“Especially during the Covid-19 pandemic which has been going on for almost a year, making the community bored, and needing a different atmosphere. So the program staycation of rental apartment they were welcomed enthusiastically, “said Syarifah.

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Staycations in rental apartments are attractive, said Syarifah, because the prices offered are much more competitive than similar programs offered by hotels.

In addition, complete facilities such as family rooms, rooms, pantry, fitness center, swimming pool, playground, and more emphasis on privacy can also be found in rental apartments.

This is what makes staycation in rental apartments has become a trend in recent months.

Market expansion

Train staycation This also illustrates the expansion of the rental apartment market during the Covid-19 Pandemic.

Previously, guests who filled rental apartments were dominated by foreign workers or expatriates as well as foreign tourists.

Currently, demand from the domestic market is actually increasing in line with restrictions on movement between regions.

According to Syarifah, the trend staycation This is a breath of fresh air for rental apartments that were hit during the pandemic.

This sector experienced a decrease in the occupancy rate of up to 13.2 percent from the previous year.

The decline continued until Semester II-2020 even though there was a slight increase of around 0.9 percent from the previous semester to 60.7 percent.

The decline also occurred in the price segment for both serviced and non-serviced apartments by 10 percent and 18 percent respectively year on year.

Meanwhile, the rental apartment supply segment until the end of 2020 has increased as two projects entered the market.

The new stocks, which will enter the market in 2021, come from six projects, covering 919 units.

Meanwhile, in general, the total rental apartments that will enter the market until 2023 are 1,417 units.

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