Quote:
Originally Posted by iicycold
i guessin hotels in btm ovr a period of time price will depreciate due 2 their inability 2 maintain well...tose hotels like harmoni,swissbel organization knw hw 2 maintain their hotel price is quite stabilize even after mani yrs....lol
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Those hotels under organization,their price has gone up a bit. Other 3 star older hotels like Utama,Formorsa,Goodway,Nagoya Plz,89, Hana & the rest has come dwn by at an average of 15% over the last few years. My friends once told me,Batam is a place where by many hotels can break even with just abt 65% weekend occupancy,their profit would mainly comes from weekday stayer.
