KASIA Ungasan · Quarterly Report

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Operating profit · Q1 2026

Revenue less operating costs, before investor distributions and reinvestment.

§01 · Headline

The hotel is operationally profitable.

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What changed this quarter. Investor distributions landed in February (—). Stripping those out, the underlying hotel operation cleared — on the quarter.

Where the volume came from. Direct bookings (transfer) delivered of room revenue. Airbnb held its share. Agoda was just switched on in February.

Booking metrics, partial. The new PMS came online in December 2025. Occupancy and stay-length figures are aggregated for its first 5 months (Dec 25 – Apr 26), not split per quarter yet. ADR / RevPAR still pending — the bank book sees money, not room-nights.

§02 · Key Indicators

Financial pulse

Hotel Revenue

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Operating Profit

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Operating Margin

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Revenue − opex

Cash Balance Δ

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After distributions & credit

Occupancy

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PMS · Dec 25 – Apr 26

Nights Sold

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of available

Avg. Length of Stay

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nights · PMS rolling

Lead Time

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days · book-to-arrival

Note. These figures are the new PMS's aggregate for its first 5 operating months, not a clean quarterly cut. ADR and RevPAR are still pending — the PMS reports gross revenue in IDR (the original "USD" axis label in the source charts is incorrect), and reconciliation against the bank book is in progress.

§03 · Monthly Arc

Revenue & operating cost, month by month

Each bar pair: revenue (solid jungle) vs. operating cost (hatched). Investor payouts are excluded from cost here so operating performance is visible.

§03.1 — MONTHLY BARSIDR

§04 · Channels

Where the bookings came from

Direct (bank transfer) continues to dominate. Agoda was activated in February and will compound across Q2.

§04.1 — CHANNEL MIX% of room revenue

§04.2 — NOTES

Direct (transfer). Repeat guests, referrals, website, WhatsApp. Highest-margin channel.

Airbnb. Steady. No new listing work required this quarter.

Agoda. Just set up in February. Intentional test; Q2 will show whether it adds volume or substitutes direct.

Commission retained. Roughly — stayed with KASIA by keeping bookings direct at a blended 18–22% OTA commission rate.

§05 · Cost Structure

What it costs to run the building

Labor and the credit line carry most of the load. A few one-off items (legal in January, asset purchases) inflated specific months but do not recur at the same scale.

§05.1 — OPERATING COSTS · Q1 2026IDR, ranked

Line	Note	Q1 total	% of opex

§06 · Cafe

The second revenue line

Cafe operates near breakeven this quarter — priced for neighborhood, not margin. It's a guest amenity and a community anchor. The net signal matters less than whether it pulls traffic into the building.

§06.1 — CAFE P&L · Q1 2026

Revenue

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Direct Cost

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Net

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Footnote. Photo studio revenue for Q1 was — across the quarter. Reported for completeness; not a strategic line at current volume.

§07 · For the Partners

Decisions on the table

§07.1 — YESship / continue

— Keep pushing direct bookings. Every Rp 100 M through transfer is ~Rp 20 M kept.
— Hold Agoda at current listing through Q2 as a data collection exercise.
— Close out the PMS reconciliation: month-level occupancy + clean ADR / RevPAR (currently only 5-month aggregate).

§07.2 — DECIDEnext partner call

— Cadence of investor distributions (one lump vs. quarterly).
— Reinvestment envelope for 2026 (what moved the needle in 2024–25 vs. what didn't).
— Cafe positioning: amenity vs. standalone P&L target.