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 · Hotel and Condotels in Bali: A Buyers Market
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

Hotel and Condotels in Bali: A Buyers Market

Hotel and Condotel Market in Bali Becoming Increasingly Competitive


Bali News: Bali, Indonesia, condotels, Knight Franks Indonesia, Fakky Ismail Hidayat, competition, price competition, Hass Pamudji, Sanur, Kuta, Legian, market prospects
Click Image to Enlarge

(1/15/2012)

Bisnis Indonesia reports that competition in the hotel and condominium (condotel) sectors in Bali is expected to become more intense due to the thousands of new hotel rooms and condominiums entering the market in 2012-2013.

Hasan Pamudji, Senior Research Manager for Knight Frank Indonesia, said Bali will remain a popular tourist destination, buoyed by steady growth in the Indonesian economy as a whole.

Said Pamudji: “Total additional new rooms in 2011-2013 equal 4,362 rooms from 24 separate projects. Of that total 49% will be rooms in starred hotels.”

He said that Kuta the largest number of new rooms will be in Kuta with 1,207 rooms, dominated by budget-priced three-star hotels.

In Sanur, 881 new hotel rooms will be dominated by four-star properties. Meanwhile, five-star hotel rooms dominate the 351 new hotel rooms being introduced into the market in Legian.

Pamudji sees the large number of new hotel rooms in Bali as translating into heightened competition and an impetus among existing hotels to upgrade and renovate their properties.

“Competition will also be heightened because of new rooms coming on line in the condotel sector,” said Pamudji.

Condotel Sector

As regards growth within the condotel sector, Fakky Ismail Hidayat, Senior Associates at Knight Franks Indonesia, counted the new condotel units from semester II of 2011 through 2012 as coming to 1,755 units, spread across 12 projects.

Kuta will dominate the new Condotel units with 672 units with the highest “sold” level reported among competing projects at 62%.

In addition, pre-sale units will hit 36% with 82% of construction of these units to be completed in 2012.

“The condotel market will continue to grow because of the uniqueness of Bali as a destination. Other destinations commencing on the condotel business will grow at slower rates than Bali,” observed Fakky.

He also projects that condotel units located near the beach, shopping areas and restaurants operated by branded companies will record the highest sales figures.

According to Fakky, Kuta will become the center for these projects with escalating price competition between competing condotels to be expected.


© 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
A Declaration of War?
Indonesian Tourism Minister Leads Charge to Achieve More Foreign Tourism Visitors than Thailand, Malaysia and Singapore
(9/30/2016)
Can You Hear my Fingers?
Bali to Host Pageant to Pick Male and Female Deaf Ambassador On Saturday, October 29, 2016
(9/30/2016)
A Lasting Gift for Yourself or a Friend!
One-Day Massage Training Course Now Available from Jari Menari
(9/30/2016)
Hip-Hip Hooray For Prego’s Birthday!
Prego at The Westin Resort Nusa Dua, Bali Celebrates Its Third Anniversary on October 9, 2016
(9/30/2016)
Keeping Business Afloat!
Denpasar Inaugurates Floating Market on Badung River at Pemogan
(9/30/2016)
An Eruption with Limited Impact
Single Eruption of Volcanic Mount Barujari on Tuesday, September 27, 2016, Causes Spate of Flight Cancellations to Bali
(9/30/2016)
Larger than Lady Liberty
Garuda Wisnu Kencana Monument Park to Open in 2018
(9/30/2016)
Prisons as Narcotics Hubs in Bali?
Police Arrest Airport Security Worker with Methamphetamines. Drug Arrests Linked to Network Headquartered at Bali Prisons
(9/30/2016)
And They’re Off!
Join the Melbourne Cup Celebrations in Bali on Tuesday, November 1, 2016
(9/30/2016)
Women of Bali Helping Their Island Neighbors
Bali International Women’s Association Annual Charity Bazaar Saturday, October 30, 2016
(9/30/2016)
What’s New in Ubud?
Renewed Alaya Resort Ubud and Manisan Restaurant Now Open for Business
(9/25/2016)
Return to Sender
Singaporean Arrested Trying to Smuggle Drugs Through Bali’s Postal System
(9/25/2016)
All [News]!