Red Planet Opens Tune Hotel in Surabaya, Indonesia

[HD video below] IDX-listed PT Red Planet Indonesia Tbk (PSKT) - owner and operator of the expanding Tune Hotels portfolio in Indonesia - has just opened its seventh hotel in the country.

The 156-room Tune Hotel Surabaya opened this week taking the company's operating hotel room count to 1,063 with six other Tune Hotels in Pasar Baru (166 rooms), Pekanbaru (140), Solo (153), Bekasi (157), Palembang (147) and Makassar with 144 rooms.

Final negotiations relating to a minimum of four more sites in the Greater Jakarta region are also in advanced stages, with formal announcements expected in the coming weeks.

These four sites form a major facet of a longer-term expansion plan to announce a minimum of 20 more hotels in the next 24 months by PT Red Planet Indonesia Tbk.

PT Red Planet Indonesia Tbk President Director, Suwito, said, "We are of the firm belief that the value-for-money, or budget, hotel sector in Indonesia has the scope for the most growth with rising domestic demand fuelling this expansion. Our in-depth research strongly indicates this segment is also the most resilient sector of the hotel market in Indonesia and will remain profitable through the normal ebbs and flows of an emerging economy. Tune Hotels is without a doubt the most iconic value-for-money brand in the region and we look forward to building on the international success the brand has had."

The Tune Hotels brand now operates 43 hotels in nine countries: Indonesia, Thailand, Philippines, Malaysia, Japan, India, Australia, England, and Scotland.

Tune Hotel Asoke on Sukhumvit Road in Bangkok (Thailand) - HD

See more: HD videos and also: HD Video Interview with Mark Lankester, CEO of Tune Hotels, Tune Hotels’ 2020 Japan Vision - Interview with Red Planet CEO - Tim Hansing, HD Video of New Look Rooms at Downtown KL and HD Video of a Room at Tune Hotel Liverpool Street (UK).