Property Marketing and Sales Review

Notes: (1) Hotels - Severely impacted by Covid-19 Pandemic Tourism industry is a key priority of the Government and benefits from favourable initiative Average room rate (1) 2017-1021 IDR '000 per room per day Number of Rooms 2017 - 1021 COLIPPO PT LIPPO KARAWACI TOK 2,200 800 700 656 600 500 400 300 200 100 2,144 2,144 2,144 686 2,150 566 2,100 2,056 458 2,050 413 2,000 1,965 1,950 1,900 1,850 2017 2018 2019 2020 9M21 2017 2018 2019 2020 9M21 Occupancy 2017 - 1021 80% 75% 73% 71% 70% 60% 50% 40% 30% 20% 10% 0% 2017 2018 Includes Aryaduta Hotel Kuta Bali from 2018 onwards 51% 42% 2019 2020 9M21 Indonesia's tourism sector recap amidst pandemic ■ Covid19 pandemic continue to weigh down the country's tourism sector with stricter mobility restrictions applied to both foreign and domestic travellers between Jul-Aug21. YTD as of Sep21 BPS continue to record a decline in number of foreign tourists visiting Indonesia by 67%, even after accounting for covid impact for the most part of 2020. ■ Strict mobility restrictions though proved to have been effective in curbing disease spread. The government have as a result ease up travel restrictions including mandatory quarantine stay for international travels from previously 7 days in Aug21 to just 3 days in Nov21, which we believe should drive demand for the remaining of 2021. 57 40

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