Indonesian consumer spending is a “huge market” that is attracting attention from around the world.
Indonesia’s economic growth rate is 5.05% in 2023
Economic activity in Indonesia is gradually recovering from the effects of the new coronavirus infection, with real gross domestic product (GDP) growth of 5.05% in 2023 compared to the previous year.
According to Bank Indonesia’s forecast, Indonesia’s GDP growth in 2024 is estimated at 4.7-5.5%.
Opportunities to Capitalize on the Indonesian Economy in 2024
You can find the opportunities at “Asia M&A Platform“.
A tech-enabled lifestyle company in Indonesia
Target Company is a lifestyle company that provides next-generation accommodation through innovative technology. The target company has been nominated as one of the fastest growing companies in the Asia-Pacific region in Forbes Asia’s ‘100 Companies to Watch in 2021’.
Its main services include the provision of capsule and cabin hotels. Since its inception, the business has expanded to 5 major tourist destinations in Indonesia, with near-future plan to expand overseas. The capsule provides standardized comfort, privacy, hygiene and safety at $15 a night. The temperature, lighting, speakers, etc. can be controlled via apps and other means.
The cabin hotels provide a convenient and safe place to stay for travelers who want to get in touch with nature, by setting up cabin hotels in campsites and other locations. Accommodation facilities are located in 32 locations throughout Indonesia, with 976,000 rooms sold in 2023. The target company is part of the economic growth of Indonesia’s under-developed tourist destinations and hidden gems.
The target company has a turnover of USD 10-15mil and EBITDA of USD 2-3mil. The target company shareholders are prominent Indonesian venture capitalists and the number of shares sold and the sale price will be determined through further negotiations.
Please also see my article, here.