|Special Market Report: Bali, Indonesia.|
Friday, 9th August 2013
Source : James Chappell - Horwath HTL, Asia
Horwath HTL, Asia has written a special market report in the hotel and branded residential market.
The report co-branded with local specialists C9 Hotelworks is an in-depth look into Bali, including hotel performance, tourism prospects, competition, supply and demand and trends.
Can island infrastructure hold the continuing record arrivals? Bali set a record high for visitor arrivals with more than 8 million visitors in 2011.
Strong domestic market growth since 2008 continues to make Bali one of the leading tourism destinations in ASEAN. With approximately 13% average annual growth rate in arrivals from 2004 to 2011, the prospects for Baliís tourism and hotel industries are more positive than ever. The new airport expansion promises to support Baliís ability to bring in more tourists.
With more than 8% growth in international arrivals and 22% in domestic travelers between 2010 and 2011, Bali is showing resilience to the uncertainties in Europe and the US.
Click HERE to download a copy of the report.