Investment Analysis of Standart Inns Become Three Stars

Abstract

Economic growth in terms of an area must travel equipped with supporting facilities such as lodging or hotel. Currently each region has an appeal that is different about the way the region in attracting tourists who will visit the area. One area that attracts tourists domestic and foreign countries to visit is in the district of Banyuwangi. Level of tourist arrivals in Banyuwangi increased significantly. Number of foreign tourists In 2013 increased 90% to 10 462 people and local tourists increased by 24% to 1,057,952 people, which have an impact on the greater demand for hotel rooms. Currently there is a lot of land that awakened rentals with all limitations such as the number of rooms are only a dozen, inadequate condition of the building and land use is not maximized. The purpose of this study was to obtain the investment costs for the increase of the inn into a hotel with the method of assessment of the value of IRR, NPV, BEP, PP, ROI, RE and room-based decent. Investment calculation results standartnya development Inns converted into a 3 star hotel in Banyuwangi is feasible, considering the value of NPV> 0. IRR> MARR, BEP obtained within a period of 6 years, payback period of 4 years 6 months 14 days, ROI> 1 , RE> 1. the minimum rental price of the room according to standard budget hotel between Rp. 200,000 - Rp. 400.000, -