Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · The State of Bali’s Hotel Industry
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

The State of Bali’s Hotel Industry

Just Released Study by C9 Hotelworks Highlight Changes Taking Place in Bali’s Accommodation Sector


Bali News: Bali, Indonesia, Indonesia Hotel Investment Conference, Rio Kondo, Bill Barnet, Horwarth HTL, C) Hotelworks, Phuket, APEC, Hotel occupancies
Click Image to Enlarge

(1/20/2013)

Bill Barnet, the Managing Director of Phuket-based C9 Hotelworks and a panelist at the [Indonesia Hotel Investment Conference]  to be held in Bali on February 1, 2012, has published an analysis of Bali tourism accommodation in cooperation with Horwarth HTL.

According to Barnet, Bali's tourism market is defying gravity despite a looming pipeline of over 12,000 new hotel rooms. According to the Horwath HTL and C9 Hotelworks study, the market-wide occupancy edged close to 70% with an overall average room rate of USD137 for the first half of 2012.

Worldwide attention is set to turn to the island in October of this year as it prepares to host APEC 2013. A USD200 million upgrade of the gateway airport will see capacity rise to 25 million passengers (sic) a year, with other key and much needed infrastructure upgrades including a new toll road and an underpass on a key transport route.

"Australia continues to be one of the key drivers of demand," said C9 Hotelworks' Managing Director Bill Barnett, "but the market is seeing a defined shift to short and medium-haul regional markets.

China is playing a far larger part in the mix, while the traditional Japanese market has eroded. We expect rising volume from Malaysia to surpass that of Japan." 



Weighing in on concerns of overdevelopment, Horwath HTL Director Rio Kondo said: "The strong performance of Bali hotels is likely to continue with the new airport and infrastructure improvements despite new supply. It is likely that the impressive new stable of strong international brands opening in the ramp up to APEC will induce new demand into the destination."

The surging tourism market has dragged along Bali's real estate sector, which has moved into top gear with large, listed Indonesian firms and high-net worth individuals creating a land buying frenzy on the southern part of the island. 


One key benefactor that is highlighted in the report is a spike upwards in hotel branded villa and condohotel offerings. Analyzing the trend, Barnett was quick to point out "that unlike Thailand's established Phuket and Koh Samui resort real estate offerings, Bali has been inundated by domestic demand. Both investment and end users primarily from Jakarta and Surabaya have been buying off plan units in the US$80,000 to US$150,000 range."

Summing up Bali's tourism prospects going forward Barnett added: "It is apparent that the jolt which occurred during the global financial crisis in 2008 has significantly altered the tourism sector. Asia's rising middle class, the explosive growth of low-cost airline carriers and the decline of legacy markets all point to an increasing dependence on mass tourism."

"Every Asian resort destination is facing a similar dilemma," said Barnett. "Private sector investment is outpacing public sector infrastructure and the cracks are showing. Like it or not Bali's evolving hotel market is set to evolve dramatically as we head towards the landmark APEC (ASEAN Economic Community) free trade initiative in 2015." 


Hear Barnet, Rio Kondo and a host of other leading experts in hotel investment at the [Indonesian Hotel Investment Conference]  to be held at the Sheraton Kuta Resort on Friday, February 1, 2013.

Authoritative speakers on issues affecting hotel investment and networking opportunities form the agenda for the Conference with special discounts available to Bali Hotels Association, Indonesian Hotel and Restaurant Association (PHRI) and American Chamber of Commerce members.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Bali Benoa Reclamation Project Still in Play
Location Permit Extended Automatically for Benoa Bay Reclamation Pending Review of Environmental Impact Study
(7/22/2016)
Mövenpick Set to Premiere in Bali
Mövenpick Resort & Spa Jimbaran Bali Names Horst Walther-Jones as General Manager
(7/22/2016)
Dancing on Paper
Lines of Pleasure – an Exhibition of Drawings by Noella Roos at VIN+ Seminyak August 26 – September 31, 2016
(7/22/2016)
Peddling Junk to Bali’s Top Man
Pastika Complains that Drug Dealers Have Tried to Sell Him Narcotics While Walking in Kuta, Bali
(7/22/2016)
When Boarding Houses Hoard Tax Revenues
Badung Regency in Bali to Make Boarding Houses Pay Their Fare Share of Taxes
(7/22/2016)
Faulting Towers
Buleleng Legislative Committee Opposed to ‘Bali Crossing’ High Voltage Transit Between Bali and Java
(7/22/2016)
Misguided Chinese
Illegal and Unlicensed Chinese Guides Protested by the Association of Indonesian Travel Agents
(7/22/2016)
Pop Goes the Weasel
Police Increase Security on Bali Following Killing of Two Indonesian Terrorists in Central Sulawesi
(7/22/2016)
Disembarking Drunks in Paradise
Jetstar Flight from Sydney to Phuket Diverts to Bali to Off-Load 6 Men Involved in a Drunken Brawl
(7/22/2016)
Taking the Crime Fight to New Heights
AirAsia Lands Airplane in Bali with ‘Turn Back Crime’ Livery
(7/17/2016)
The Protest Demonstration of the Week
Demonstrators Take to the Streets of Sanur for What is Becoming Weekly Protests Against Plans to Reclaim Bali’s Benoa Bay
(7/17/2016)
Tucker from a Trucker
Food Truck Festival in Denpasar, Bali July 29-31, 2016
(7/17/2016)
All [News]!