JAKARTA – PT Eastparc Hotel Tbk (EAST) is still optimistic that it could attain revenue up to IDR 48 billion by the end of this year despite the homecoming ban during Eid-al-Fitr as a means to slow down the COVID-19 pandemic. This statement was disclosed by Khalid bin Omar Abdat, the President Director of EAST, through the public disclosure, quoted on Friday (16/4).
“The occupancy of Eastparc Hotel would increase again after Eid. The impact of the travel ban would last only for a couple of days,” he explained.
As of Q1 2021, the estimated revenue was IDR 9.47 billion, which was lower than during the similar period in 2020 of IDR 13.88 billion. The net profit expanded to IDR 1.61 billion from IDR 680 million, yet the occupancy rate went down to 60.57% from 67.57%.
Khalid stated that after Eid had passed, the occupancy rate would go back up and reach the target of 65% to 75%. The management would upgrade its old facilities and add the new ones with the prepared capital expenditure of IDR 1 billion.
EAST’s currently available facilities include outdoor and indoor playgroup, cyclist corner, and kids’ movie room. The recently built facilities in December 2020 were scoot corner, horse riding station (Kudalari Garden), Aquaparc, and an outbond station. (LK/ZH)