Bali’s hotels are seeing increased demand despite broader concerns about what seems to be an endless stream of new rooms coming online. In a new report released by leading hospitality firms Horwath HTL and C9 Hotelworks figures show the overseas arrivals though August of this year surged 14% year-on-year. By the end of 2014 international passenger arrivals though Ngurah Rai Airport are expected to eclipse a record 3.8 million.
Speaking on the trend Matt Gebbie of Horwath HTL said: “Bali hotels in many cases are weathering the storm of new supply, admirably holding rates and taking a small hit on occupancy. Individualism, management and product quality at every price point are more important than ever.”
While overseas sentiment remains strong, the base tourism market for Bali remains that of South East Asia’s largest economy – Indonesia. In 2012 and 2013 approximately 68% of visitor arrivals were from the domestic sector. While the country hosted 8.8 million international travelers last year, on a far more compelling scale were domestic hotel stays, which exceeded 200 million. Viewing domestic consumption as a lead economic indicator has also pushed through to the island’ property sector.
Source : .hospitalitynet