Jakarta, 23 October 2017 – Panorama Destination has been named in the prestigious “50 Best of The Best Companies 2017” awarded annually by Forbes Indonesia magazine.
Held in the ballroom of the Shangri-La Hotel in Jakarta, the event was attended by 400 guests, including directors and senior executives from the 50 companies featured on the list. Panorama Destination joins this elite group for the first time and has been placed at #44, in a result that is both indicative of the company’s growing stature and emblematic of its success over the past year.
Pak Ricky Setiawanto collected the award on behalf of Panorama Destination at the gala dinner and awards ceremony. Marcel Schneider, Managing Director of Panorama Destination Indonesia was also in attendance, along with Pak Budi Tirtawisata, CEO of Panorama Group.
Companies featured in the prestigious list are chosen through a rigorous selection process, which evaluates candidates’ performances in several key metrics, including sales growth, profit growth and return on equity. To make the grade, companies must therefore perform well across the board, rather than excelling in only one or two metrics; they must also demonstrate sustainable performance and success over several years.
“All of the companies in the list have demonstrated that they can produce stellar results over more than just a year or two,” says Justin Doebele, Chief Editorial Advisor of Forbes Indonesia. “There are no ‘one-hit wonders;’ these elite 50 firms have earned the honour to be known as the Best of the Best,” he continued.
Panorama has shown sustainable development and expansion in the Indonesian tourism sector over the past year, riding the momentum of industry growth as the number of tourist arrivals to Indonesia continues to increase. In 2016, the company registered a 50% growth in income compared to the previous year.
“We are honoured to be named as one of the Best of Best Companies by Forbes Indonesia,” says Renato Domini, CEO of Panorama Destination. “This is our first time awarded by Forbes Indonesia, and we are looking forward to consolidating and improving our position in the years to come,” he continued.
Panorama Destination recently announced expansion plans that will broaden the scope of company operations, including a new office in Thailand, plus the acquisition of shares in Panorama Destination (S) Pte Ltd in Singapore. These latest developments will enable Panorama Destination to grow its business, expand regionally and further establish its growing reputation as one of Indonesia’s premier companies.